On September 19, FleetMatics Group PLC (NYSE:FLTX) fell nearly 16% after the publication of a highly adverse report that alleged, among other things, “accounting shenanigans that inflate profitability, the material weaknesses in its internal controls, the inexplicable discrepancies between related accounts in its financials, and Fleetmatics’ founding backer’s ties to a previous accounting fraud.”
While the debate over Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) reform doesn’t look like it... Read More
The United Nations is taking to task another brutal, repressive regime that is using police brutality to control its citizens: It is asking the United States to stop the... Read More
At the Ira Sohn conference yesterday, Jim Gundlach proposed an interesting short idea, and it's been moving the market today. Chanos said his idea for a short at the... Read More
The anti-austerity Syriza party has won widespread support in Greek elections as the European Union threatens that Greece must “bow to austerity or go bust,” The Telegraph newspaper is... Read More
According to Bank of America Merrill Lynch's latest Equity Client Flow Trends report, throughout the third quarter flow sentiment remained the most persistently negative for Energy. Specifically, according to the... Read More
Barclays PLC (NYSE:BCS) (LON:BARC) is under investigation by Germany’s tax authorities over the use of ‘dividend stripping’ strategy for alleged tax avoidance. According to German daily Sueddeutsche Zeitung, Barclays PLC... Read More
Tripadvisor Inc (NASDAQ:TRIP) released its earnings report for the three months through March 31 on Tuesday afternoon after the bell rang on Wall Street. The company showed earnings of... Read More
Jeffrey Ubben’s ValueAct Capital Master Fund, L.P., declined 1.3% in the fourth quarter (on a time-weighted basis) and 2.2% for the year ending December 31, 2015, after all fees... Read More
Saudi Arabia was the first oil-dependant economy to announce major budget changes following the collapse in the price of the commodity, and now Norway has followed suit. According to news... Read More
Founder and principal manager of AQR Capital Management Cliff Asness has been a vocal supporter of high frequency trading (HFT) since it first started receiving widespread attention a few... Read More
