Founder and CEO of Under Armour Kevin Plank shared his success in building Under Armour into billion dollar company in SXSW annual event on Tuesday. His recipe is simple: make profit.
Sectors
AstraZeneca investors want boss pay to link with revenue target
AstraZeneca is facing serious issues with regard to its executive salary after a profit cautioning. Investors want the company to link Pascal Soriot's pay with revenue target.
BitTeaser's Blockchain Ad Network Will Change Online Advertising With Pay-Per-Click and Other Models
The emergence of blockchain ad network system provided by BitTeaser is changing the online advertising markets. With the blockchain-based system, any webmaster can now join the advertising sector regardless of the website’s traffic.
EDF Demand Help from French Government in Nuclear Power Plant Project
French energy company Electricité de France SA asked for financial support from French government. The company is facing problem in a £18 billion ($25 billion) nuclear power plant project in Sommerset, England.
SEC slaps fine on AIG units over higher charges
US Securities and Exchange Commission (SEC) has slapped penalties on AIG's three affiliates for steering customers to high-fee products. AIG is also offloading its brokerage unit owing to stringent norms. AIG has agreed to pay $9.5 million for settling the regulator's claims.
Latest News
Honest Dollar Acquired By Goldman Sachs On Monday, Goldman Sachs' Investment Management Division announced that it will take over Honest Dollar, a web and mobile-based retirement savings platform based in Austin, Texas where the amount was not disclosed.
Solar panel provider SolarCity has sold $235 million in asset-backed securities (ABS) market this year. The number is a record high despite a steep drop of the company's shares in stock market.
Commercial banks in northern Europe criticized ECB for its four-year cheap loan policy and stimulus program. The policy was aimed to stimulate growth for banks that struggle in southern part of Europe.
With an objective of not giving any such scope for price escalation as Martin Shkreli did for Daraprim generic drug, US Food and Drug Administration (US FDA) has turned very cautious on approvals to generic drugs. US FDA is now reviewing new applications for generic drugs, while ensuring no such lapses of price escalation.
The US dollar recorded a multi-year bull run and has still enough steam to gain 10 percent further this year. All eyes are on the two-day policy meeting of US Federal Reserve beginning from Tuesday as it will set the tone for US currency.
Sony will pay $750 million to the Michael Jackson estate for its share in the music catalog. Once the deal is closed, the estate will be no longer in debt.
The turbulent situation Japan's banking sector is likely to impact global markets. A leading hedge fund manager says that collapse in the Japan's banking industry blindsides the market, while shrugging off any possibility of banking crisis in the world's third largest economy.
New York-based Avon Products Inc is shifting its headquarters to the UK. It's also in the process of reducing headcount by about 2,500 and investing in technology and innovation to enhance sales volume.
It was agreed that Apollo Global Management is taking over Fresh Market Inc. Chairman and founder Ray Berry is not so pleased and is considering of making the company private where he and his son own 9.8% of shares. This would be Apollo's third largest acquisition that is worth more than a billion dollars.
