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American International Group Expects Losses After Natural Disasters

American International Group Expects Losses After Natural Disasters

According to Reuters, American International Group Inc. (NYSE: AIG) announced that it expects to book pre-tax losses of about $3 billion in the third quarter related to natural disasters, hurricanes Harvey, Maria and Irma. American International Gro..

Morgan Stanley Fined $13 Million by FINRA

Morgan Stanley Fined $13 Million by FINRA

 On Monday, Morgan Stanley (NYSE: MS) was ordered by the Financial Industry Regulatory Authority (FINRA) to pay $13 million in fines and restitution to clients for inadequately supervising certain short term trades. Between January 2012 an..

Adobe Shares Fall After Earnings

Adobe Shares Fall After Earnings

Adobe Systems Incorporated (NASDAQ: ADBE) on Tuesday reported fiscal third quarter earnings that beat analysts’ estimate. But its shares are traded lower as four quarter guidance just matches estimates.The software maker said revenue rose 26 p..

Northrop Grumman Corporation Acquires Orbital ATK for $9.2 Billion

Northrop Grumman Corporation Acquires Orbital ATK for $9.2 Billion

Northrop Grumman Corporation (NYSE: NOC) has announced the acquisition of the aerospace and defense systems company, Orbital ATK, Inc. (NYSE: OA) for $9.2 billion. Shares of Orbital ATK up about 20% after the announcement. According to a definitive ..

Samsung Looking into Autonomous Driving

Samsung Looking into Autonomous Driving

Samsung Electronics Co Ltd has announced plans to diving into autonomous driving after their recent $8 billion acquisition of Harman. Well known for their audio speakers, Harman’s 65% of sales derives from their automotive business, on bo..

Autoliv Splitting into 2 Listed Companies

Autoliv Splitting into 2 Listed Companies

On Thursday, Autoliv Inc. (NYSE: ALV) announced that they will be splitting into 2 companies with one that is focused on high tech safety gear to expand growth towards self driving vehicles which boosted shares. The company is most well known for th..

IBM invests $240 for AI research with MIT

IBM invests $240 for AI research with MIT

International Business Machines Corp. (NYSE: IBM) and Massachusetts Institute of Technology announced on Thursday that the two plan for 10 year, $240 million investment to create the MIT-IBM Watson AI Lab. The lab’s purpose is to research fund..