The Securities and Exchange Commission launched an investigation against Gulf Coast Funds Management's investment program.
Sectors
Japanese businessmen look for opportunity in Myanmar
Japanese executives will attend a meeting in Myanmar to discuss future investment ventures. Representatives from over 20 Japanese companies planned on visiting Myanmar to look for possible business ventures and investment opportunities, according the Union of Myanmar Federation of Chambers of Commerce and Industry or UMFCCI.
Major US companies urge legislators to fight 'patent trolls'
US major firms including Wal-Mart, Google, Morgan Stanley and Dell raised concerns regarding patent trolls and urged legislators to broaden US Patent and Trademark Office's scope of power in reviewing patents.
Italian prosecutors investigate JPMorgan for employee's acts
A document seen by Reuters showed that Italian prosecutors are investigating JPMorgan in relation to their probe of Monte dei Paschi.
Facebook to launch 15-second ad video for US$2.5 million each day
Facebook would launch a 15-minute ad video that would cost US$2.5 million per day for advertisers. Facebook planned to launch video ads into the news feeds of users that would last for 15 seconds.
Latest News
BlackBerry began testing its BlackBerry Messenger services on Android and iOS devices. BlackberryOS. com reported that iPhone and Android users could already use the services of BlackBerry Messenger.
IBM Corp disclosed that the SEC is probing how the revenues of their cloud computing business is generated.
Former NCAA athletes scored a win against Electronic Arts as a federal appeals court rule rejected the company's attempt to quash their case for unauthorized use of images in the latter's video games.
Greg Oden, the top draft pick in 2007, bids a comeback with the NBA champions Miami Heat. Greg Oden, the former first round pick of the Portland Trailblazers in 2007, last played in an NBA game in the 2009-2010 season.
Two Democratic senators asked FERC chairman Jon Wellinghoff on how the settlement with JPMorgan Ventures Energy Corp was reached.
Analysts in the car industry said they are expecting high car sales for July. As the car industry awaits the sales reports of automakers, analysts said they are expecting a 14% to 16% rise in automobile sales for July.
King Abdullah bin Abdul Aziz of Saudi Arabia launched mega investments to create jobs. King Abdullah bin Abdul Aziz of Saudi Arabia launched different development projects amounting to SR327 billion or US$81 billion on Thursday.
Ellis Medicine barely passed the positive net income mark in its midyear performance report due to investment income.
The Federal Reserve gave no indication that it intends to reduce its bond purchases, at least for now.
