Year: 2020

(Bloomberg) — Bernard Ebbers, the ousted chief executive officer at WorldCom Inc. whose corporate malfeasance led to imprisonment, has died. He was 78.He died Sunday, surrounded by his family at home in Brookhaven, Mississippi, a little more than a month after his early release from prison, according to a family statement released by his lawyer, Graham P. Carner. No cause was given.A federal judge ordered Ebbers released in December for medical reasons after he had served more than 13 years of a 25-year sentence. Ebbers, a onetime milkman and bar bouncer, led a fledgling company — originally named Long Distance …read more […]

Investors can now purchase shares at a discount to what Joel Greenblatt paid in the third quarter of 2019 Continue reading… …read more […]

The amount of people who died from Coronavirus now tops the amount of those who died from the SARS outbreak. Yahoo Finance’s On The Move panel discusses the latest. …read more […]

The FDA cleared the drug Palforzia; it is the first peanut allergy drug that is safe for kids. Dr. Jayson Dallas, Aimmune Therapeutics CEO & President shares the details with Yahoo Finance’s On The Move. …read more […]

(Bloomberg) — Aside from F-Series pickups hauling in gobs of profit, Ford Motor Co.’s automotive business isn’t carrying much weight lately.Thank goodness for the finance guys.Ford Credit, the lending arm that’s become accustomed to propping up the company in good times and bad, now generates about half the automaker’s profit, up from 15% to 20% in the past.Ford Credit is designed to perform a relatively simple task: make loans to the dealers stocking vehicles, then the consumers who buy them. Now, Ford is relying on its finance unit to help fund multibillion-dollar outlays on electric and self-driving cars while it …read more […]

The Sherwin-Williams Company (NYSE:SHW) shares fell 4.7% to US$557 in the week since its latest yearly results… …read more […]