US News

Significant Majority of Investors Favor Extending “U.S.-Style” Shareholder Activism Globally Shareholder activists may have institutional investors to thank after concluding one of their most successful years to date in both returns and inflows, according to a new study released today by FTI Consulting, Inc. (NYSE:FCN), a global advisory firm dedicated to helping organizations...

Kossanto West Gold Project, Mali – Licence Update Alecto Minerals (AIM: ALO), the AIM quoted mineral exploration company focussed on West and East Africa, has finalised the consolidation of two of its existing exploration permits, Kobokoto Est and Kobokoto, at its Kossanto West Gold Project in western Mali, into a single 100 sq. km. exploration […]

In the world of modern media, stories are told as headlines, with one replacing another in rapid sequence, often creating a public impression that the story is over. Reality is quite a different thing. The stories continue to unfold for weeks and months – and even years – beyond the initial headlines. The decision last […]

FXCM (NYSE:FXCM) announced late this afternoon that it had entered into a funding agreement with Leucadia National Corporation (NYSE:LUK) by which the latter would provide $300 million in cash that will bring FXCM into compliance with regulatory financial requirements. FXCM had become insolvent overnight, losing $225 million following the Swiss National Bank’s decision to un-peg […]

Details below. Rosen Law Firm has reminded purchasers of RCS Capital Corporation securities (NYSE:RCAP) during the period from February 12, 2014 through October 31, 2014 of the important February 27, 2015 lead plaintiff deadline in the class action. The class action asserts that RCS Capital misled investors by failing to disclose: (i) that RCS Capital’s […]

BP has respondedon to the Phase 2 Decision in Gulf Oil Spill Trial Their statement in full: “Today the United States District Court for the Eastern District of Louisiana ruled on the issues raised in the Phase 2 trial of the Deepwater Horizon case: the quantification of oil spilled and BP’s source control efforts following […]

No one saw it coming. There was not even a hint in advance that the Swiss National Bank (SNB) was about to stab the financial world in the back. As we reported yesterday, the euro and the U.S. dollar took immediate hits. But we also expected broader and longer term fallout would follow. In the […]

Follow high-level change in diplomatic relations Online travel company Orbitz Worldwide (NYSE:OWW) today welcomed the Department of the Treasury’s amendments to the Cuban Assets Control Regulations, which will facilitate travel to Cuba for authorized purposes and enable travel service providers to sell authorized travel without the need for specific licenses from the Office of Foreign...

The financial world is in disarray today.  It all started with an unexpected and startling press release by the Swiss National Bank (SNB) that said: “The Swiss National Bank (SNB) is discontinuing the minimum exchange rate of CHF 1.20 per euro. At the same time, it is lowering the interest rate on sight deposit account balances that exceed […]

If Americans can hold out for just two more years, the Obama administration will be gone and the U.S. will be much more able to prosper economically once again. The only hope for the U.S. right now is the Republican majority in both houses of Congress. Obama’s overriding concerns for subjecting the United States to […]