Finance


The Mystery Is Over: Billionaire Adelson Owns Las Vegas Paper

Those who might know for sure - the publisher of the paper, the executives who sold, or run it, and the man who is the sole public face of the company, a CT newspaperman named Michael E. The Review-Journal is the largest-circulation paper in the stat...

Turing CEO indicted on securities fraud charges

Prosecutors also claim that his outside counsel at Retrophin , Evan Greebel, was also part of the conspiracy. Public focus shifted to Turing and Shkreli after the price of Daraprim (pyrimethamine) jumped from $13.50 per tablet to $750 per tablet,...

Sheldon Adelson reported as Las Vegas Review-Journal owner

The Adelsons say they held back because Tuesday's Republican presidential debate was taking place at the Venetian , the casino-hotel on the Las Vegas Strip that is part of Adelson's empire. Not disclosing ownership, they said, raises ethical questio...

CEO Shkreli, who hiked price of HIV drug, arrested in embezzlement probe

Shkreli "engaged in multiple schemes to ensnare investors through a web of lies and deceit", U.S. Attorney Robert Capers said in a statement . Shkreli was arrested Thursday morning at his Manhattan home and will appear in Brooklyn federal court ...

Rumors fly as mystery shrouds buyers of Las Vegas newspaper

The newspaper was sold last week to a group called News + Media Capital Group LLC for $140 million. The Adelsons say they held back because Tuesday's Republican presidential debate was taking place at the Venetian , the casino-hotel on the Las Veg...

Trading in KaloBios halted after Martin Shkreli's arrest

According to the SEC, "Shkreli made material misrepresentations and omissions to investors and prospective investors in MSMB; lied to one of MSMB's executive brokers about MSMB's ability to settle short sales". Shkreli earned the "most hated man in h...

Martin Shkreli Arrested over Security Fraud Charges

Shkreli was charged with running a complex shell game after his defunct hedge fund, MSMB Capital Management, lost millions, with prosecutors alleging that he made secret payoffs and set up fake consulting arrangements. Shkreli is the entrepreneur...

Search

Breaking News

Oil prices increase as Texas refineries start returning to normal

Gasoline for October RBV7, -1.14% fell 1.4% to $1.68 a gallon on Wednesday. The two pipelines transport around 675,000 barrels per day (bpd) of West Texas crude oil into East H...

Energy Secretary: US gas prices will rise in Storm Harvey's wake

Additionally, Indian Oil says demand is strong enough for refiners that do not export to stick to domestic markets and enjoy cheaper feedstock and higher fuel prices . "As the pip...

Hurricane fuels spike in Greater Lowell gas prices

The gasoline supply issues could reduce inventories on the East Coast, causing prices to rise further, Zachary Rogers, a refining and oil products analyst at Wood Mackenzie Ltd...

People need to consider flood insurance

For reinsurance companies, Fitch expects that the insured loss from the storm will fall within primary players retention levels under catastrophe programs, with perhaps a small p...

Tropical disturbance brushes NC coast, heading out to sea

Heavy rain is expected to be the main hazard. Monday: Rain and thunderstorms linger in Florida and spread into eastern North Carolina and eastern Virginia. There is a 10- to 20...

Disturbance To Pelt North Carolina Coast With Rain, Gusty Wind

A weather system off Africa that's being monitored by the National Hurricane Center is likely to develop as it approaches the eastern Atlantic Ocean, forecasters said Tuesday. Fo...

Tropical storm warning posted for part of North Carolina

The storm system that could become Irma was expected to track up the mid-Atlantic coast Tuesday before moving out to sea Wednesday . We'll see a nice mix of sun and clouds. It is ...

Disturbance To Pelt North Carolina Coast With Rain, Gusty Wind

A weather system off Africa that's being monitored by the National Hurricane Center is likely to develop as it approaches the eastern Atlantic Ocean, forecasters said Tuesday. Fo...

A Tropical Storm is Developing Northeast of Jacksonville

As always, there's the chance we could see a very unsafe storm come our way before the season is over - remember, Hugo, the Historic Floods of 2015 and Hurricane Matthew all occur...

Coastal Storm Bringing Rain & Wind to NC Coast

Harvey brought catastrophic flooding to Texas . As of this writing, rain is already spreading northward through the Garden State, with heavier rain expected later on. Sunday n...

Special Reports

Lee jailed for 5 years in bribery case

Lee jailed for 5 years in bribery case

Lee had been spearheading the country's biggest conglomerate with 350 trillion won ($310.1 billion) in assets as its father and chairman Lee Kun-hee has fallen into a coma in 2014 ...

Floyd Mayweather to Fight Conor McGregor in Lighter Gloves

Floyd Mayweather to Fight Conor McGregor in Lighter Gloves

One point articulated by Marnell, which every other commission member echoed, is that referee selection is the most important factor in fighter health and safety, particularly in a...

Reliance Disruption: Jio Launches A Zero Priced Feature Phone

Reliance Disruption: Jio Launches A Zero Priced Feature Phone

In addition to Reliance Jio , Bharti Airtel, Idea Cellular, Vodafone, Reliance Communications, and BSNL are looking for enhancing their mobile Internet reach. It comes with an A...

Venus Williams vs Jelena Ostapenko

Venus Williams vs Jelena Ostapenko

Williams became the oldest woman to reach the Wimbledon quarterfinal since 1994 with a rock-solid performance on Centre Court. Williams will next face either second-seeded Sim...

June job growth was a healthy 222000 . . . but we can do better

June job growth was a healthy 222000 . . . but we can do better

The US economy added 222,000 jobs in June, according to the Bureau of Labor Statistics . Even with 2,000 jobs added this past month, the legal industry has seen a lot of cuts to...

Why Amazon Bought Whole Foods

Why Amazon Bought Whole Foods

The question for many other grocery stores might wonder if they're perishable. In working toward becoming an industry leader in staple industries such as food & beverage, Amazon...

Trump calls House health bill he backed 'mean'

Trump calls House health bill he backed 'mean'

That House bill was widely criticized for letting states seek waivers from insurance protections for people with pre-existing conditions. In other words, Senate Republican leadersh...

Whole Foods customers react to $13.7 billion Amazon merger

Whole Foods customers react to $13.7 billion Amazon merger

Charlie O'Shea, a Moody's lead retail analyst, told the Associated Press news agency that the deal could be "transformative, not just for food retail, but for retail in general"....

Oil hits the lowest since November as over-supply glut continues

Oil hits the lowest since November as over-supply glut continues

USA inventories fell less than forecast last week, keeping supplies more than 100 million barrels above the five-year average, according to data from the Energy Information Admi...