ActivewearUSA giving run for money to Lululemon- LULU, GPS, and RL

In this huge market of apparels especially women apparels, Lululemon Athletica inc. (NASDAQ:LULU) opened new doors by launching their first collection of Yoga and Athletic Outfits in the market recently. This came as a surprise package to all mainstream and fashionable women. One of its kinds Lululemon Athletica inc. (NASDAQ:LULU) considers itself an athletic apparel […]

Chevron paid $1.8million to Utah – CVX & COP

Chevron Corporation (NYSE:CVX) an American Multinational energy corporation situated in California, United States paid $1.8 million to Utah against the money which the company has used from the fund which was meant for the companies without insurance. In 1989 the government has setup a fund called Utah Petroleum storage tank fund for those upcoming small […]

Delta airlines to buy 49% stake in Virgin atlanta- UAL & SINGF

The aviation industry, where mergers and acquisitions have been quite rampant saw Delta Airlines (NYSE:DAL) buying Singapore Airline’s 49% stake in Virgin Atlantic for $360million. The merger came in the wake of a trend seen in the aviation industry to consolidate. Delta had earlier bought Northwest Airlines for $3.1billion in 2008. United Airlines purchased Continental […]

Investors group wants to buy 90% stake of plane lease- AIG, BX, BCS, & RBS

American International Group, Inc.(NYSE:AIG), the insurer declared to sell 90% stake of its plane leasing unit to New china Trust Co. The investors associated with it in the deal are new china life insurance Co, P3 investment Ltd, ICBC international and china aviation Industrial fund. The deal is finalized at about $5.5 billion, which is […]

Finra asks brokers to declare bonuses which it is paying to clients in proposal- MS, BAC, and UBS

Financial Industry Regulatory Authority (Finra) passed a proposal for comments yesterday that would require brokers and financial advisers to disclose recruiting bonus and other incentive entitlements to their new clients after switching job. The proposed addition to the regulations is aimed to protect consumers of financial services against potential conflicts of interest impairing fairness in […]

FBI may Probe into trades of InterMune, Inc. (NASDAQ: ITMN) by SAC Capital Advisors LP- WTW & ELN

U.S. lawmakers are investigating the 2010 trading of InterMune, Inc. (NASDAQ: ITMN) shares and last year trading in Weight Watchers International, Inc. (NYSE: WTW) by SAC Capital Advisors LP. According to a person who revealed on a condition of anonymity, U.S. Securities and Exchange Commission together with the Federal Bureau of Investigation are inspecting the […]

Google Inc (NASDAQ:GOOG) takeover buzz acts as catalyst for Groupon Inc (NASDAQ:GRPN) shares

Investors of online coupon provider Groupon Inc (NASDAQ:GRPN) had a Gala time when the share price increased by 23% on New York to close at $4.69, due to the speculation in market of internet giant Google Inc (NASDAQ:GOOG) considering buying the company. The share price was at its highest since last three weeks. The stock […]

HSBC, Standard Chartered to Settle Money Laundering violations Out Of Court- STAN

HSBC Holdings plc (ADR) (NYSE:HBC) may be paying a hefty $1.8 billion fine to U.S government over allegations of staying aloof to questionable transactions that passed through its system. According to the bank the said dollar-clearing and money laundering transactions escaped its internal control system due to a “corrupt culture”.   A Senate committee ruled […]

WaMu bond trustees granted right to sue trustees of BofA and U.S. Bancorp- BAC, JPM & USB

Bank of America Corporation (NYSE:BAC) and U.S. Bancorp (NYSE:USB) could face litigation over charges of neglect in their role as trustees  of Washington Mutual Inc. The ruling of a federal judge Katherine Forrest ,was passed on Friday and held that both lender’s fails to protect the investor’s interest in  mortgage-backed securities of the said pension […]

Osborne would lead U.K. Tax Clampdown – GOOG, AMZN, SBUX

The world’s biggest coffee shop operator Starbucks Corporation (NASDAQ:SBUX) has pledged to gain public trust, when condemned for avoiding payment of corporation taxes for last 3 years. According to Starbucks Corporation (NASDAQ:SBUX), the company has to adhere to U.K laws and is in the country for long term business. So the firm which is having […]