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The Rite Aid Corporation Stock Rebound Is Brewing up Quite Nicely

Top Finance News - Thu, 01/11/2018 - 5:06am

A couple of weeks ago, I suggested Rite Aid Corporation (NYSE:RAD) shares were hinting at a rebound rally that was, amazingly enough, worth a shot. The company had been beleaguered for months as the intended deal with Walgreens Boots Alliance Inc (NASDAQ:WBA) unraveled far longer than expected to complete, and ended up being much smaller than planned.

China Won't Use Treasuries to Warn Trump, Eurasia Group Says

Top Finance News - Thu, 01/11/2018 - 12:39am

China wouldn’t let geopolitical issues drive decisions on foreign exchange holdings, the Eurasia Group said, after Bloomberg News reported officials had recommended scaling back U.S. government debt purchases....

How Do Analysts See Exelixis Inc (NASDAQ:EXEL) Performing Over The Next Few Years?

Top Finance News - Thu, 01/11/2018 - 12:02am

In September 2017, Exelixis Inc (NASDAQ:EXEL) announced its latest earnings update, which confirmed that losses became smaller relative to the prrior year’s level as a result of recent tailwinds InvestorsRead More...

FASB Accounting Year in Review

U.S. Assurance Publications - Thu, 01/11/2018 - 12:00am

Having recently completed several major long-term projects, the Financial Accounting Standards Board in 2017 shifted its attention to assisting stakeholders with implementing new standards and resolving practice issues.
Our year in review newsletter summarizes the year’s most significant changes in guidance, including:
  • Clarifying the definition of a business
  • Simplifying the goodwill impairment test
  • Targeted improvements to hedge accounting requirements
  • Simplifying the accounting for certain financial instruments with down round features

Our newsletter also discusses implementation of major new standards, previews what to expect in 2018, and summarizes the effective dates for all recently-issued accounting standards.
  View the Newsletter

Immigration agents descend on 7-Eleven stores in 17 states

Top Finance News - Wed, 01/10/2018 - 11:30pm

LOS ANGELES (AP) — Seven immigration agents filed into a 7-Eleven store before dawn Wednesday, waited for people to go through the checkout line and told arriving customers and a driver delivering beer to wait outside. A federal inspection was underway, they said.

Why Chinese Workers Are Leaving Silicon Valley to Head Home

Top Finance News - Wed, 01/10/2018 - 10:46pm

Jan.10 -- Bloomberg's David Ramli explains why Chinese Silicon Valley workers are moving back home. He speaks on "Bloomberg Markets."

Coal baron's 'action plan' became Trump policy initiatives

Top Finance News - Wed, 01/10/2018 - 9:45pm

WASHINGTON (AP) — In the early days of the Trump administration, the head of one of America's largest coal companies sent a four-page "action plan" to the White House calling for rollbacks of Obama-era environmental and mine safety regulations.

3 Signs Visa and Mastercard's Best Days Are Ahead

Top Finance News - Wed, 01/10/2018 - 7:33pm

This incredible growth story of these payments giants is far from over.

Here's Why Warren Buffett Swears He'll Never Invest in Bitcoin

Top Finance News - Wed, 01/10/2018 - 5:42pm

Here's Why Warren Buffett Swears He'll Never Invest in Bitcoin

Huma Abedin, Anthony Weiner no longer divorcing...kind of

Top Finance News - Wed, 01/10/2018 - 5:05pm

As if their story couldn’t have more twists, Huma Abedin and Anthony Weiner officially withdrew their divorce case from a Manhattan court today. But don't get ahead of yourself, Abedin’s attorney said through a statement that the pair is still splitting up. Yahoo Finance's Jen Rogers and Andy Serwer discuss.

Chinese Workers Abandon Silicon Valley for Riches Back Home

Top Finance News - Wed, 01/10/2018 - 5:00pm

A few years ago, Wang Yi was living the American dream. He had graduated from Princeton, landed a job at Google and bought a spacious condo in Silicon Valley.

GE feud: Former execs hold Immelt responsible for company’s woes, sources say

Top Finance News - Wed, 01/10/2018 - 3:51pm

There is bad blood between the two CEOs who once ran General Electric.

Top Google recruiter: Google uses this 'shocking' strategy to hire the best employees

Top Finance News - Wed, 01/10/2018 - 3:48pm

Google relies on a hiring committee to review all job applicants before deciding on who the company will hire.

Trump Denies Collusion But Doesn't Commit to Mueller Interview

Top Finance News - Wed, 01/10/2018 - 3:35pm

President Donald Trump repeated his contention that there wasn’t any collusion with Russia, but he declined to say whether he would agree to a possible interview request from Special Counsel Robert Mueller, ...

Norway to buy Boeing, Lockheed Martin aircraft

Top Finance News - Wed, 01/10/2018 - 3:29pm

Norway announces new defense deals with the U.S.

Canada Raises Alarm on Trump Leaving Nafta

Top Finance News - Wed, 01/10/2018 - 2:36pm

Canadian government officials say there’s an increasing likelihood U.S. President Donald Trump will give six-months’ notice to withdraw from Nafta.

FBI releases internal memos from week of James Comey's firing: 'We all miss him'

Top Finance News - Wed, 01/10/2018 - 2:33pm

The agency published two documents: a statement from Jeff Sessions and a letter from acting director Andrew McCabe.

Chamber of Commerce CEO Donohue: Leaving NAFTA would mean 'absolute destruction' for the US economy

Top Finance News - Wed, 01/10/2018 - 2:15pm

Chamber of Commerce CEO Tom Donohue says pulling out of NAFTA would be a mistake.

How Obama left immigrants vulnerable to Trump

Top Finance News - Wed, 01/10/2018 - 1:52pm

While Obama mostly stayed silent on the travails of the white working class, Trump exploited the anger of those frustrated Americans who blame immigrants for their problems.

Lawsuit claims Ford rigged Super Duty pickups to beat emissions tests

Top Finance News - Wed, 01/10/2018 - 1:45pm

Ford becomes the latest automaker accused of lying about its diesel efficiencies.