Business

Germany Considers Fining Social Media Sites For Hate Speech, Fake News

Justice minister Heiko Maas and family minister Manuela Schwesig at a cabinet meeting last week. Heiko Maas said the voluntary efforts of social networks to tackle the problem had not gone far enough. It deleted only one percent of its flagged illegal content - the same as a year ago - and none of it was removed within 24 hours. As Germany's election campaign gathers pace ahead of the September 24 vote, Chancellor Angela Merkel's government is increasing pressure on social networks to ...

Business

Wall Street shrugs off Fed likely raising interest rates

The three major U.S. stock indexes were mixed on Monday as investors continued to react to Friday's U.S.jobs report while positioning themselves ahead of Wednesday's U.S. "That would be dollar-positive". "When rates rise, entrepreneurs relying on credit or relying on customers [who rely] on credit may face additional headwinds", he said.

Business

Vallejo police in California will review controversial arrest footage

The Vallejo Police Department is reportedly investigating the arrest. However, the officer is seen on video repeatedly punching the suspect with his fists and flashlight while the suspect shouts "I am God, I am God". Though police trainer Don Cameron conceded that the video is hard to watch, he claimed that appropriate force was used. "When we're down on the ground, we want to get the person in custody as quickly as we can, and we use personal weapons".

Business

What are analysts Suggestions on: Valeant Pharmaceuticals International, Inc. (NYSE:VRX)

The company's Debt to equity ratio was 1.17. According to Yahoo Finance, the price target for the company which analysts are aiming is 55. Last April, Ackman testified before a Senate committee about Valeant's much-maligned strategy of buying niche drugs and raising their prices by as much as 3,000 per cent.

Business

Neiman Marcus explores options as Hudson's Bay circles

Canada's Hudson's Bay Co ., the owner of the Lord & Taylor and Saks Fifth Avenue chains, is in talks to buy USA luxury fashion retailer Neiman Marcus Group LLC, turning its focus away from Macy's Inc., the Wall Street Journal reported on Tuesday .

Business

Gordmans files for bankruptcy, plans to liquidate

In a statement, Gordmans president and CEO said until further notice all stores will operate as usual. In the Twin Cities area, Gordmans has stores in Woodbury, Roseville, Coon Rapids, Burnsville and Edina. Gordmans value is estimated at $130 million. Gordmans announcement comes just after Radio Shack filed bankruptcy March 8 for the second time in two years.