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About 100 million traveling this holiday, AAA projects

Кubric: NEWS | 20 Jan 2016 | no comments yet »
About 100 million traveling this holiday, AAA projects

About 100 million traveling this holiday, AAA projects. While drivers in much of the country have been paying under $2 per gallon for weeks—and a few gas stations are charging below $1.50—the national average has remained just above $2 for months.With US oil prices hitting a six-year low on Monday, the average price of a gallon of gas across the country slipped below $2 for the first time since the height of the Great Recession during the winter of 2008-09, AAA reported. “Drivers across the country are celebrating the historic return of cheaper gas prices,” said Marshall Doney, AAA’s president and CEO, said in a statement. “The lowest gas prices in nearly seven years are a holiday ...

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In Shkreli Case, a Company Lawyer May Have Crossed the Line

Кubric: NEWS | 20 Jan 2016 | no comments yet »
In Shkreli Case, a Company Lawyer May Have Crossed the Line

Analysis: Shkreli Isn’t to Blame For High Drug Prices in U.S.. Should we care about Martin Shkreli, the man I call the “Wolf of Pharma Street”? Reviled pharmaceuticals bigwig Martin Shkreli has been fired from a company he ran for just one month, days after he resigned from another one of his companies after his arrest for alleged securities fraud.TRENTON, N.J. (AP) — In barely 24 hours, Martin Shkreli went from an egotistical pharmaceutical boy wonder running two small drug developers and live-streaming his daily activities to unemployed and facing securities fraud charges that could land him in prison for years. His hoodie-wearing perp walk sparks outrage, but he is diverting ...

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Alibaba Hires Ex-Apple Investigator To Tackle Its Counterfeit Goods Problem

Кubric: NEWS | 20 Jan 2016 | no comments yet »
Alibaba Hires Ex-Apple Investigator To Tackle Its Counterfeit Goods Problem

Alibaba Hires Ex-Apple Investigator To Tackle Its Counterfeit Goods Problem. Matthew Bassiur is leaving his current role as Vice President, Deputy Chief Security Officer at Pfizer to take up the position of Vice President, Head of Global Intellectual Property Enforcement at Alibaba in January.Cash-strapped Star Wars fans can pick up Darth Vader figurines and light sabers for as little as US$4.59, Tom Brady jerseys go for about a 10th of those on the National Football League’s store, a pair of red Beats Solo headphones can be had for just US$107 —- about half its official price.The post-1980s generation is becoming the backbone of the Chinese economy, not only because of its growing contribution ...

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Martin Shkreli out as KaloBios Pharma CEO

Кubric: NEWS | 20 Jan 2016 | no comments yet »
Martin Shkreli out as KaloBios Pharma CEO

Arrested pharma exec Martin Shkreli fired from one of his companies. Reviled pharmaceuticals bigwig Martin Shkreli has been fired from a company he ran for just one month, days after he resigned from another one of his companies after his arrest for alleged securities fraud. TRENTON, N.J. – In barely 24 hours, Martin Shkreli went from an egotistical pharmaceutical boy wonder running two small drug developers and live-streaming his daily activities to unemployed and facing securities fraud charges that could land him in prison for years.KalosBios Pharmaceuticals was a faltering business until Mr Shkreli was revealed to be an executive and key shareholder last month, when its shares climbed ...

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UPDATE 1-JPMorgan to pay $150 million in ‘London Whale’ US class action

Кubric: NEWS | 20 Jan 2016 | no comments yet »
UPDATE 1-JPMorgan to pay $150 million in ‘London Whale’ US class action

DeWine announces settlement with JPMorgan Chase. JPMorgan Chase & Co. agreed to pay $150 million to settle investors’ claims it hid as much as $6.2 billion in losses caused by a trader called the London Whale. Tom Hayes, the former UBS Group AG and Citigroup Inc. trader dubbed “Rain Man” by ex-colleagues, had his jail sentence for rigging Libor cut to 11 years after judges said his punishment was too harsh.NEW YORK: US regulators fined JPMorgan Chase $307 million Friday for failing to disclose conflict of interests to clients when it recommended proprietary investment products over third-party options.JPMorgan Chase will pay more than $US300 million ($422 million) to settle allegations ...

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Winnebago Industries Names Michael Happe as New Chief Executive Officer …

Кubric: NEWS | 20 Jan 2016 | no comments yet »
Winnebago Industries Names Michael Happe as New Chief Executive Officer …

No Warm Welcome For New Winnebago CEO. Winnebago Industries (WGO) named a new CEO on Monday, but the market isn’t enthusiastic about the news. Zacks Investment Research upgraded shares of Winnebago Industries, Inc. (NYSE:WGO) from a sell rating to a hold rating in a research note released on Wednesday, Marketbeat.com reports. However, we are concerned about the challenges the company faces in the competitive industry, its dependence on a few dealers and the burden of repurchase agreements. From his note: Happe joins WGO after 19 years at The Toro Company where he most recently served as an Executive Officer and Group Vice President of Toro’s Residential and Contractor businesses and previously ...

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KaloBios fires Shkreli, embattled pharmaceutical executive reviled for price hikes

Кubric: NEWS | 20 Jan 2016 | no comments yet »
KaloBios fires Shkreli, embattled pharmaceutical executive reviled for price hikes

KaloBios fires Shkreli, embattled pharmaceutical executive reviled for price hikes. TRENTON, N.J. – In barely 24 hours, Martin Shkreli went from an egotistical pharmaceutical boy wonder running two small drug developers and live-streaming his daily activities to unemployed and facing securities fraud charges that could land him in prison for years. Reviled pharmaceuticals bigwig Martin Shkreli has been fired from a company he ran for just one month, days after he resigned from another one of his companies after his arrest for alleged securities fraud.KalosBios Pharmaceuticals was a faltering business until Mr Shkreli was revealed to be an executive and key shareholder last month, when its ...

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Postal Service: The pot business may be legal, but newspapers can’t run ads for it

Кubric: NEWS | 20 Jan 2016 | no comments yet »
Postal Service: The pot business may be legal, but newspapers can’t run ads for it

Edit Postal Service nixes newspaper ads for legal weed. In response to a question from Oregon’s congressional representatives, the United States Postal Service ruled that it will not deliver newspapers — or indeed any mail — which advertise marijuana.Newspapers in half the states are breaking the law if they mail publications containing ads for marijuana products — even though the states have legalized pot, the U.S. The decision applies even to states like Oregon, where recreational pot use is now legal, because marijuana is still banned as a Schedule I drug (the most dangerous category) at the federal level, and the USPS is a federal agency. Since the program was established in ...

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Energy Producers Lead Europe Stocks Down as Spain’s IBEX 35 Fall

Кubric: NEWS | 20 Jan 2016 | no comments yet »
Energy Producers Lead Europe Stocks Down as Spain’s IBEX 35 Fall

Energy Producers Lead Europe Stocks Down as Spain’s IBEX 35 Fall. The Stoxx Europe 600 Index dropped 1.1 percent at 4:35 p.m. in London, erasing an advance of as much as 0.8 percent as energy companies declined with oil and the euro strengthened.European stocks rose Monday, but Spanish stocks slid in the wake of the country’s general election, which left no party as a clear winner in the fourth-largest economy in the eurozone. Spain’s IBEX 35 Index tumbled percent, set for its biggest slump in three months, after the nation’s prime minister lost his majority in an inconclusive weekend election. “People are reducing risk into year-end,” said Stewart Richardson, chief investment ...

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Wall St. Rises in a Rebound Attempt

Кubric: NEWS | 20 Jan 2016 | no comments yet »
Wall St. Rises in a Rebound Attempt

Wall St. Rises in a Rebound Attempt. United States markets were higher in early trading Monday, rebounding after two days of heavy selling last week. SPAIN ELECTION One market that wasn’t faring well Monday was Spain’s IBEX, which was down 2.8 percent after Sunday’s election saw the far-left Podemos and the business-friendly Ciudadanos parties win a number of seats. THE CONTEXT Although Spain’s economy has been growing strongly over the last year, its public finances remain strained amid unemployment levels of around 20 percent. Though Spain did not need a financial bailout like others in the 19-country eurozone, such as Greece and Portugal, the Popular Party government has been pursuing ...

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