Alibaba stock drops as SEC probes Singles Day data
Alibaba confirms SEC probe into reporting of operating data from Singles Day and related accounting practices. The investigation covers its investment in Cainimo Network and related party transactions, with Alibaba cooperating and denying any implied wrongdoing while noting past counterfeits and brushing issues.
MENTIONED IN THIS ARTICLE
Alibaba
SEC
Camnino Network
Robert Christie
Max Wolff
Manhattan Venture Partners
New York
Wolff
Ford recalls 271000 F-150s over brake fluid leak
Ford is recalling about 271,000 F-150 pickups from 2013 and 2014 with 3.5L V6 engines in North America due to a brake fluid leak from the master cylinder that could reduce front braking power. Nine crashes reported with no injuries, one injury in a braking incident.
MENTIONED IN THIS ARTICLE
FORD
U.S
North America
USA Snapshot Rates Analysis from Bankrate Summary
Bankrate based USA snapshot notes EO for AE Yang and Karl Gelles of USA Today. The article highlights current rate trends and financial indicators, and references online rate tools at rates.usatoday.com for readers seeking updated figures.
MENTIONED IN THIS ARTICLE
Usatoday.com
Source Bankrate.com
AE Yang
Karl Gelles
USA Today
Silicon Valley faces widening middle class squeeze report says
A new study by the California Budget & Policy Center finds Silicon Valley’s middle class has shrunk since 1989 with the top 1% capturing a large share of income gains. Housing costs and weak transit compound inequality across Santa Clara San Mateo and San Francisco counties.
MENTIONED IN THIS ARTICLE
San Francisco
Silicon Valley
Santa Clara
San Mateo
Facebook
Google
Apple
California Budget & Policy Center
Sacramento
San Mateo County
Pew Research Center
Chris Hoene
Budget Center
Hoene
Oil prices edge toward 50 as inventories fall
Oil markets rose with West Texas Intermediate up to 49.56 and Brent at 49.74 as API and EIA data show weekly crude stock declines. Gas prices average 2.304 a gallon ahead of Memorial Day while Goldman Sachs cites a 50 to 60 range through 2020. Royal Dutch Shell plans further 2200 job cuts in 2016 amid high inventories.
MENTIONED IN THIS ARTICLE
U.S
West Texas
American Petroleum Institute
AAA
Energy Information Administration
France
Goldman Sachs
Royal Dutch Shell
EIA
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US. Securities and Exchange Commission
Investi
Cooper
Moneyline
Tiffany
Europe
Asia-Pacific
Japan
Americas
Federic Cumenal
Eero
Best Buy
Menlo Ventures
Cere
DOW Jones Industrial
S&p
Marketwatch.com
USA
Santa Clara County
San Francisco County
California
Budget & Policy Center
Kirby Lee
US Pressws
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