News
BlackRock plans to cut 500 jobs
BlackRock Inc. (NASDAQ: BLK) plans to dismiss about 500 employees, this reduction will amount to about 3% of its global workforce....
Wells Fargo to scale back mortgage business, exit correspondent lending
Amid regulatory pressure and the impact of higher interest rates.Wells Fargo (NYSE: WFC) announced today strategic plans to create a...
U.S. Interior Department names Elizabeth Klein to head offshore energy
On January 19, Elizabeth Klein, a lawyer who worked in the Obama and Clinton administrations, will step up to lead...
GM, Ford, Google collaborate on virtual power plants
General Motors, Ford, Google, SunPro, and Sunrun are working together on standards for expanding the use of virtual power plants...
Canada set to buy 88 F-35 fighter jets for C$19Billion
Canada just agreed to a deal to buy 18 F-35 Fighter Jets from Lockheed Martin Corporation (NYSE: LMT) for C$19Billion....
Former McDonald’s CEO charged by SEC
Former McDonald’s CEO Stephen Easterbrook has been charged by federal regulators for making misleading statements to investors about the circumstances...
U.S. Supreme Court rejects investor suits over Fannie Mae, Freddie Mac profits
The US Supreme Court rejected four appeals from Fannie Mae and Freddie Mac shareholders who sued for compensation. The lawsuits...
Goldman Sachs to cut 3,200 jobs
Goldman Sachs Group, Inc. (NYSE: GS) plans to cut approximately 3,200 jobs in an effort to reduce costs. These cuts...
235 million Twitter accounts were leaked in data breach
The email addresses tied to 235 million Twitter accounts have been shared in an online hacking forum. There were no...
Massive Canadian job gains make rate hike likely
The Canadian labour market added 104,000 jobs in December. Meanwhile, Canada's unemployment rate dropped below 5.0 percent, nearing the record...
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