Economy

After admitting to stealing almost $5 million from Morissette, Schwartz initially asked to serve one year and one day in prison followed by a year of house arrest and 2,000 hours of community service. Morissette told a Los Angeles judge Wednesday that Schwartz "stole a dream", the Canadian Broadcasting Corporation (CBC) reported. When first confronted about the irregularities in Morissette's accounts, Schwartz lied and said the funds were an investment in an illegal marijuana-growing ...
  • Quarterly Sales Analysis of Apollo Commercial Real Estate Finance (NYSE:ARI)

    Quarterly Sales Analysis of Apollo Commercial Real Estate Finance (NYSE:ARI)

    Economy

    Ares Commercial Real Estate Corporation is a specialty finance company. JMP Securities downgraded Apollo Commercial Real Est. 10/13/2016-Wells Fargo & Co Upgrade from a "Underperform " rating to a " Market Perform" rating. The Yorktown Management & Research Co Inc holds 650,000 shares with $10.80M value, up from 382,466 last quarter. If you are accessing this piece on another site, it was illegally copied and reposted in violation of United States and worldwide trademark and copyright ...
  • House Financial Services Committee approves Dodd-Frank replacement bill

    Economy

    The CHOICE Act , which was proposed by Rep. Jeb Hensarling (R-Texas) as a replacement for the Dodd-Frank Wall Street Reform and Consumer Protection Act. "Supporters of Dodd-Frank promised it would lift the economy, end bailouts and protect consumers", Hensarling said in a statement . Thursday's vote was split along party lines, a sign of the contentious nature of the debate over banking regulation.
  • Texas Becomes 11th State To Call for New US Constitutional Convention

    Economy

    Senate Bill 4 passed the House on a party-line vote, with Republican members casting 93 votes in favor and Democratic members casting 54 votes in opposition. Thank you Texas House for today's vote. After President Trump was sworn in, one Texas sheriff made a policy change limiting cooperation with agents from Immigration and Customs Enforcement, fearing undocumented people won't trust police if they're afraid of being deported.
  • Federal officials target 27 national monuments for review

    Economy

    After 45 days, Zinke would deliver an interim report, with a final document produced in 120 days. The Marianas Trench Marine National Monument is among the 27 monuments in various states and territories that are up for review. Protesters on Sunday urged Zinke to listen to tribal leaders who pushed for the monument and keep the protections for vast, wild spaces. Three national monuments in the Pacific Northwest are officially up for review.
  • Woman flies over 4000-km in wrong direction in United Airlines flight

    Woman flies over 4000-km in wrong direction in United Airlines flight

    Economy

    Unbeknownst to her, United had made a last-minute gate change, causing her to board the wrong flight. The native French speaker said there was no announcement about the gate change in French and that she wasn't emailed about it. Last week, United Airlines announced ten policy changes following the April 9 incident when a passenger was dragged off the plane . By the time she got home to France, she had been travelling for more than 28 hours.
  • Floods drive nearly 1900 from homes in Canada's Quebec

    Floods drive nearly 1900 from homes in Canada's Quebec

    Economy

    The flooding was especially bad in Quebec province, where some 400 troops have been dispatched. Atlantic Canada is also expected to be hit with more rainy weather Friday night and into the weekend. Prime Minister Justin Trudeau was asked about the flooding when he held a joint news conference in Montreal with Irish Prime Minister Enda Kenny. The Ministry of Public Safety said waters were expected to crest sometime Monday in Quebec province.
  • Stock Traders Purchase High Volume of Starbucks Call Options (SBUX)

    Economy

    A number of large investors have recently bought and sold shares of SBUX. Empirical Financial Services LLC now owns 22,688 shares of the coffee company's stock worth $1,228,000 after buying an additional 1,216 shares in the last quarter. Equities research analysts predict that Starbucks will post $2.11 earnings per share for the current year. The firm also recently announced a quarterly dividend, which will be paid on Friday, May 26th.
  • Republican healthcare bill passed, Obamacare 'dead'

    Republican healthcare bill passed, Obamacare 'dead'

    Economy

    The House health-care reform bill faces an uncertain future in the U.S. Senate, but one of the nation's leading health-care experts says the legislation ought to make the Senate's job easier while assuring wary consumers that the plan is poised to rein in costs without kicking anyone to the curb.
  • Westpac positive on homes as profit lifts

    Westpac positive on homes as profit lifts

    Economy

    Cash earnings from the consumer bank were up five per cent for the six months to March 31 at $1.511 billion as total loans grew six per cent and deposits by seven per cent. The banks said asset quality for the period remained sound overall, and its impairment charges decreased by A$174 million, or 26%, on-year owing to a significant drop in provisions for "single-name" exposures.
  • TPG a step closer to buying Fairfax papers

    TPG a step closer to buying Fairfax papers

    Economy

    Existing shareholders would retain Fairfax's New Zealand arm, which suffered a blow last week when the country's competition watchdog rejected a merger with NZME, its streaming service Stan and Australian Community Media. He said Fairfax has formally advised the Australian Securities Exchange (ASX). The consortium, led by US-based TPG Capital and Canada's Ontario Teachers' Pension Plan Board , wants to buy Fairfax's Domain , Australian Metro Media, and Events and Digital Ventures ...