United States

The Senate Blocks Stricter Regulations on Retirement Saving Advice from Financial Professionals

On Tuesday, a measure was passed by the Senate which was aimed at stopping a regulation by the Department of Labor which critics worry will work as a barrier for the low and middle income Americans from looking for retirement advice from financial professionals.

Intuit Inc Reports Earnings Surpassing Expectations

On Tuesday Intuit Inc. reported its fiscal third quarter results which turned out to be better than expected. The company has also benefited from the sale of its businesses like Demandforce, QuickBase and Quicken for cash of $463 million.

Names are Expected to be Announces as Replacements for Ousted Members from Sumner Red stone’s Family Trust

In an unexpected move on Friday, two of Sumner Redstone's longtime lieutenants were removed from their specific positions which they held in the trust that is slated to control Mr. Redstone's entertainment companies after he dies or is incapacitated.

Santa Cruz Biotechnology Agrees to Pay $3.5Million as Fine to Settle Animal-Abuse Violations

On Friday, an agreement was announced where Santa Cruz Biotechnology agreed to pay $3.5 million as fine for violating the 1966 Animal Welfare Act.

SEC Proposes Stricter Regulations for Exchange-Traded Funds which might also Affect Bitcoins

On Friday, the Securities and Exchange Commission, chairwoman Mary Jo White said, the agency is considering to enhance regulation related to EFTs or exchange-traded funds.

Corporate America’s Cash Pile Grows to $1.7 Trillion

Corporate America's cash pile is growing with the nonfinancial businesses in the United States holding $1.7 trillion in cash at present. Greater than one third of the amount is in the hands of only five companies say a report released by Moody's Investors Service on Friday.