Tag: finance

Will activist investors crack AIG?

AIG sign

American International Group Inc. (AIG) is facing highly publicized pressure to split up its business from Carl Icahn. The billionaire activist investor believes the multinational insurance company can cut down on costs and federal regulation by dividing into three separate companies — one for property-casualty coverage, another for life insurance, and the third for mortgages.… Read More

Pharmaceutical company embroiled in Enron-sized scandal

Valeant building

Valeant Pharmaceuticals International Inc. is in full-on crisis mode amidst accusations of fraudulent accounting practices. Citron Research, a provider of short-focused market commentary, has reported that the Canadian pharmaceutical company is storing excess inventory in subsidiaries and then reporting that inventory as sales revenue. These types of unethical accounting practices are very similar to those… Read More

Twitter CEO Jack Dorsey boosts employee morale after big layoffs

Twitter's Twitter page

Twitter CEO, Jack Dorsey, announced that he will be giving a third of his company stock to the employee equity pool. The shares are valued at around $200 million and make up about 1 percent of the company.   Dorsey tweeted that he made this decision because he wants to “reinvest directly in our people.”… Read More

Blue Christmas: Will retailers have a cheerful holiday season?

holiday shopping

The holiday season is the most lucrative time of the year for the retail industry, but sales growth is predicted to falter in 2015. Many sources, including the National Retail Federation, analytics firm RetailNext, market research firm NPD, and consulting firm AlixPartners, believe year over year holiday sales growth will shrink in comparison to 2014.… Read More

Papal visit comes with a high price tag

A crowd gathers to see the Pope

This weekend, Pope Francis became the fourth leader of the Catholic Church to visit the United States, making stops in Washington, D.C.; New York; and Philadelphia. Papal visits draw massive crowds which can be difficult for a city’s infrastructure and bank account to bear.   Organizations such as World Meeting of Families and the federal… Read More