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Trump Calls Out 'Hypocrite' Schumer For Eating Doughnuts With Putin In 2003
Friday, March 3, 2017 - 3:28pm | 384Led by the likes of Sen. Chuck Schumer (D - New York), American Democrats are pushing for investigations into executive relationships with Russia, and President Donald Trump is responding tit for tat. On Friday, a Tweet was posted to Trump’s personal Twitter Inc (NASDAQ: TWTR) account...
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First Charges Filed in Generic Drug Price Probe: Connected Stocks Sell Off
Wednesday, December 14, 2016 - 2:32pm | 420The U.S. Justice Department accused two generic pharmaceutical executives of colluding with each other to fix prices. According to a Bloomberg report, Jeffrey Glazer, the ex-CEO Heritage Pharmaceuticals, and Jason Malek, an ex-president of the company, were accused of conspiring with executives at...
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Eurobank Stocks Under Pressure Amid Deutsche Bank's $14 Billion Probe
Friday, September 16, 2016 - 9:42am | 507Shares of Deutsche Bank AG (USA) (NYSE: DB) plunged nearly 10 percent at $13.41 ahead of Friday's morning session after the German-based bank was slapped with a $14 billion penalty from the U.S. Justice Department. The Wall Street Journal, citing "people familiar with the matter," reported that the...
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Shares of Digital Ally Surge Following Comments By Attorney General
Thursday, December 4, 2014 - 3:37pm | 296The U.S. Justice Department stated on Thursday that their findings from an investigation may indicate that Cleveland Police officials may be systematically engaged in excessive use of force against civilians. "Accountability and legitimacy are essential for communities to trust their police...
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Google Reportedly About To Seal Deal To Acquire Twitch For $1 Billion
Monday, May 19, 2014 - 10:55am | 626According to sources who spoke with the The Verge Sunday, video game streaming startup Twitch was set to be acquired by Google (NASDAQ: GOOG)(NASDAQ: GOOGL) for $1 billion following multiple offers that included Microsoft (NASDAQ: MSFT) and others. For Google, Twitch would represent a big add...
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Cuban Blasts SEC, Says Insider Trading Should Be Handled by Justice Department
Wednesday, April 2, 2014 - 10:42am | 335Mark Cuban has been vocal the past few days as the high-frequency trading debate heats up. On Wednesday, Cuban published a blog blasting the SEC and their poor use of taxpayer dollars and linked his followers through Twitter. High Frequency Trading, and Proof that the SEC Approach to Insider...
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Feds Announce Guidance For Banks To Work With Marijuana Businesses
Friday, February 14, 2014 - 6:31pm | 525The growing U.S. cannabis industry cleared a major legal and commercial hurdle on Friday – when the federal government issued guidance to financial institutions on how to deal with marijuana businesses. The U.S. Treasury's Financial Crimes Enforcement Network (FinCEN), in coordination with the...
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How Big A Role Will U.S. Regulators Play In A Potential T-Mobile Takeover?
Thursday, December 26, 2013 - 12:26pm | 618T-Mobile US (NYSE: TMUS) is a takeover target. That much seems almost certain. Whether it will eventually be acquired by Sprint (NYSE: S), Dish Network (NASDAQ: DISH) or someone else is open to debate. As the various players position themselves, one entity stands ready to make or break any...
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JPMorgan in Legal Trouble Over Bernie Madoff
Thursday, October 24, 2013 - 7:03am | 470Bernie Madoff was so five years ago, but for JPMorgan Chase (NYSE: JPM), the case is still very much right now. Federal authorities might be planning to take action against the bank, claiming that it chose to look the other way when suspicious activity took place in Madoff’s accounts. Madoff...
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Apple May Have Caught Another Break In E-Book Pricing Scandal (AAPL)
Thursday, August 29, 2013 - 8:51am | 448Apple (NASDAQ: AAPL) seems to have caught another break in its ongoing battle with the Justice Department. According to Bloomberg, U.S. District Judge Denise Cote said that she plans to limit the Justice Department's measures for ensuring Apple will not institute another e-book pricing scheme. If...
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Verizon Deal with Four Cable Companies Approved by Justice Department
Friday, August 17, 2012 - 9:19am | 438Communications and entertainment provider Verizon (NYSE: VZ) has received federal approval on a deal with four cable companies. The authorization was revealed Friday, despite the fact that the deal could potentially reduce consumer choices and increase prices for internet, phone and television...
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Possible Hepatitis C Outbreak Could Lift This ETF
Monday, July 30, 2012 - 6:53am | 699David Kwiatkowski, who worked at 13 hospitals in eight states, was indicted last week on charges he allegedly infected 31 people at a New Hampshire hospital where he was previously employed with hepatitis C. As if that alarming discovery is not bad enough, Kwiatkowski, who is hepatitis C positive...
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Emails Shed More Light on Possible Chesapeake Energy Collusion with Encana
Wednesday, July 11, 2012 - 2:45pm | 713According to an exclusive Reuters article, Chesapeake Energy (NYSE: CHK) and Encana (NYSE: ECA) executives shared "sensitive information that gave Chesapeake the upper hand in deals with Michigan land owners." Reuters, reviewing emails between top executives at the companies wrote that they could "...
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Benzinga's Political Roundup August 1, 2011
Monday, August 1, 2011 - 12:24pm | 97Congressional leaders are going to vote today to raise the U.S. borrowing limit and avoid a U.S. default. The Justice Department is intensifying its investigation into the purchase of Nortel's patents by a group led by Apple Inc. (NASDAQ: AAPL), Microsoft Corp. (NASDAQ: MSFT) and Research in...
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Goldman Sachs Expected to Fight Back Against Senate Report
Monday, June 6, 2011 - 6:46am | 203Investment bank Goldman Sachs (NYSE: GS) is expected to fight back against a damming Senate subcommittee report with the release of its own documents, the Wall Street Journal is reporting. The bank is responding to a subpoena it received last week from the Manhattan district attorney, which is...