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Thursday, April 4, 2013 - 11:10am
RPM Down on Toxic Earnings, Guidance Healthy
RPM International (NYSE: RPM) is down on Thursday after posting woeful fiscal 2013 third quarter earnings. The Medina, Ohio-based firm finished with a loss of $0.33 per share versus EPS of $0.05 in Q3 2012. It fell far short of the EPS of $0.06 analysts hoped for. Revenue climbed nine percent...
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Friday, August 10, 2012 - 8:11am
Goldman Sachs Cleared in SEC and DOJ Investigations, Reputation Soiled
Goldman Sachs Group (NYSE: GS) escaped charges levied against the firm by the Department of Justices probe for its role in the mortgage-backed-securities collapse. The bank announced early Friday that the Securities and Exchange Commission concluded its investigation into the sale of $1.3 billion...
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Johnson & Johnson Reaches Risperdal Lawsuit Agreement
Friday, August 3, 2012 - 12:56pmHealthcare conglomerate Johnson & Johnson (NYSE: JNJ) and the Department of Justice have reached an agreement in principle to the illegal marketing practices of antipsychotic drug Risperdal. In the drug maker's securities filing it indicated “issues remain open” before settlements can be...
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Tuesday, January 24, 2012 - 12:34pm
Did Apple Secretly Kill Off MegaUpload?The popular file-hosting site is officially closed. But is someone other than the DOJ to blame? Users of Google+ are buzzing with controversy this week as people begin to realize that MegaUpload's closure came just one month after the company announced a new streaming music service: MegaBox....
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Wednesday, October 12, 2011 - 2:46pm
It's Time for Holder to Resign U.S. Attorney General Eric Holder has been a distraction to the administration and a liability to the nation since he took his place as the top attorney in the nation in 2009. While his sheer partisanship has been irksome to Republicans for some time, after his role in misleading Congress about his...
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Sprint Complements DOJ, Files Lawsuit Against AT&T – T-Mobile USA Merger
Tuesday, September 6, 2011 - 3:37pmIt was only last week when the United States Department of Justice filed a lawsuit seeking to block AT&T's proposed acquisition of T-Mobile USA. Sprint now has announced its own suit against the proposed merger as a related case to the Department of Justice's. The was filed Tuesday in federal...
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Thursday, September 1, 2011 - 2:38pm
Pacific-Crest's Clement Dismisses T-Mobile's Takeover of ClearwireEarly Thursday morning, a rumor circulated that T-Mobile might acquire Clearwire (NASDAQ: CLWR) should its merger with AT&T (NYSE: T) fall through. Benzinga contacted Pacific-Crest analyst Steve Clement to get his assessment of the possibility. Clement covers Clearwire and presently has a...
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Scapegoat Sharma: Resignation Leading to a Downward Spiral
Wednesday, August 24, 2011 - 12:09pmFirst, Standard and Poor's downgrades the U.S. debt. Next, Deven Sharma (S&P's president) announces that he has resigned. Now McGraw-Hill (NYSE: MHP), which owns Standard & Poor's, has roused proposals of splitting up the company. Is this restructuring a result of poor decisions by McGraw...
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Google Quietly Puts $500 Million Aside for U.S. Department of Justice Investigation (GOOG)
Tuesday, May 10, 2011 - 9:48pmIn its most recent quarterly release, Google (NASDAQ: GOOG) gives little attention to the fact that it's being investigated by the Feds over the company's bread and butter: advertising. "In May 2011, in connection with a potential resolution of an investigation by the United States Department of...
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Tuesday, March 22, 2011 - 10:46am
AT&T Will Jump Through Hoops To Get Merger Approval (T, S, VZ)AT&T (NYSE: T) will have to comply with many requirements to gain government approval for its merger with T-Mobile. Many outlets are voicing concerns over a creation of a duopoly in the wireless industry. The merger of AT&T and T-Mobile would make this the largest wireless service...
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