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"This Could Be The Biggest Auto Scandal Since The GM Ignition Switch" - Why Tesla Is Probed Over A "Suspension Issue"
Article By:
Tyler Durden
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Friday, June 10, 2016 5:43 AM EDT
For several months now, reports have circulated in comment sections and forum threads about a possible defect in Tesla’s vehicles that may cause suspension control arms to break.
In this article: TSLA
Goldman Fires Dozens Of Investment Bankers
Article By:
Tyler Durden
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Wednesday, June 1, 2016 9:18 AM EDT
The bank eliminated dozens of managing directors, executive directors and vice presidents across the mergers and debt and equity capital markets teams.
In this article: GS
Great Plains Energy Acquires Westar Energy For $60 Per Share Of Cash And Stock
In Today's Layoff News: Microsoft Fires 1,850; Intel Cuts 350; Shell Terminating 2,200
Article By:
Tyler Durden
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Wednesday, May 25, 2016 10:45 AM EDT
How do you know the Fed is justified in hiking again, the economy is recovering, and the market are zooming higher? One hint is the just announced thousands in layoffs in both the energy and tech sector.
LIBOR Triple Damages Loom; Chart Shows How The Banks Won Bets
Article By:
Gary Anderson
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Tuesday, May 24, 2016 12:40 PM EDT
The biggest banks in the world are in real trouble. They may have won too much when they won their derivatives bets. At issue is whether these big banks manipulated the LIBOR rate downward. A chart explains it all.
LendingClubbed: Stock Plummets On News Of A DOJ Grand Jury Subpoena As Accusations Fly
Article By:
Tyler Durden
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Monday, May 16, 2016 7:36 PM EDT
Stock is down 7% AH so far, after news of the DOJ subpoena is released. The company also reveals business problems over the past 5 days.
In this article: LC
Aeropostale Files Chapter 11: Latest Retail Bankruptcy After American Apparel, Cache, Wet Seal And Quiksilver
Article By:
Tyler Durden
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Wednesday, May 4, 2016 9:22 AM EDT
By January 2015 the company of 21,000 employees had posted losses in its last three fiscal years, and with 2015 being the fourth consecutive year of losses, its market cap imploded to just $2.9 million.
In this article: ANF
RBA Cuts Rates To 1.75% – AUD/USD Crashes
Article By:
Yohay Elam
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Tuesday, May 3, 2016 7:20 AM EDT
AUD/USD actually advanced towards the release, reaching a high of 0.7720 before getting hit hard by the RBA and dropping over 150 pips. Support awaits at 0.7533 followed by 0.7480.
In this article: FXA
Deutsche Bank Unveils The Next Step: "QE Has Run Its Course, It's Time To Tax Wealth"
Article By:
Tyler Durden
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Sunday, May 1, 2016 10:07 AM EDT
According to Deutsche's Dominic Konstam, now that the benefits QE "have run their course", it is time for the next, and far more drastic step: "the ECB and BoJ should move more strongly toward penalizing savings via negative retail deposit rates.
In this article: DB
Central Banker ProCyclical Craziness
Article By:
Gary Anderson
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Monday, April 25, 2016 5:23 PM EDT
One wonders if the central banks will have the will to actually stop their procyclical behavior, or will we just be fooled again. It is time to help with a monetary infusion in the very next downturn.
The Volkswagen Car "Buy Back" Just Unleashed Havoc On The U.S. Car Market
Article By:
Tyler Durden
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Sunday, April 24, 2016 4:37 AM EDT
Volkswagen has pledged to give drivers of about 480,000 2-liter diesel vehicles the option of selling the cars back to Volkswagen, or having them modified to meet emissions standards.
Chemung Financial Reports First Quarter 2016 Net Income Of $2.7 Million, Or $0.57 Per Share
Article By:
NASDAQ GlobeNewswire
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Thursday, April 21, 2016 6:57 PM EDT
CHMG beats EPS estimates by seven cents; beats on revenue.
In this article: CHMG
Anchor BanCorp Wisconsin Inc. Notifies Nasdaq Of Intention To Delist Common Stock
Article By:
NASDAQ GlobeNewswire
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Tuesday, April 19, 2016 6:31 PM EDT
The company's planned merger into Old National Bancorp should take place May 1.