An investor in shares of Nimble Storage Inc (NYSE:NMBL) filed a lawsuit in the U.S. District Court for the Northern District of California over alleged Securities Laws violations by Nimble Storage Inc. Investors who purchased shares of Nimble Storage Inc (NYSE:NMBL) have certain options and for certain investors are short and strict deadlines running. Deadline: […]
Global Socialism Leaning Michael Moore States Capitalism Has Failed
Earlier this week on Larry King, apparently Michael Moore – the wealthy, independently minded yet publicly financed film producer made an appearance on CNN with Larry King and stated his views per his newest politically slanted venture satirically entitled "Capitalism: A Love Story," that "capitalism has failed." Mr. Moore has consistently waded into controversial issues […]
American International Group Inc planned to raise $12.5 billion in capital
American International Group Inc. (AIG), New York-based insurer said that over the past month had raised $20 billion in capital, which is 60 per cent or $8 billion more than projected, in a move to prop up its balance sheet, weakened by severe credit market-related losses. The fund raising had been required to protect against […]
Trader’s Hidden Spree Exposed French Bank to €50bn Losses
Jérôme Kerviel, the French trader accused of perpetrating the biggest fraud in banking history, will be questioned intensively again today by French police as the scale of his ten-day spree on the financial markets emerged at the weekend. Kerviel, a 31-year-old loner, gave himself up to the financial police on Saturday and, senior officials said, […]
Investors Beware: New Tax Laws Could Cost You
While most people are busy eyeing the Presidential election, there is another critical element to which investors and others should be taking notice – the new tax laws that will go into effect immediately following the New Year. These new tax laws will impact everyone from the largest investors down to those struggling to find […]
Oil Ministry refutes CAG allegation on offering financial benefits to private operators
<P>In a steaming issue between oil ministry and Comptroller and Audit General (CAG) body, the ministry has taken a stand and claimed that it as abided by all provisional mandates in dealing with private operators, and that its suggestion of revision of development plans is in the best interest of the sector.</P> <P>CAG had raised […]
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