The technology has the ability to disrupt current banking practices, but current blockchain technology has not yet achieved it. The new round of funding might change things. Ripple, a digital currency company, announced that it will be rolling out a Series...

Next Revenues Higher Despite Struggling Retail Sales

Next

Next has said that it will have to increase prices as margins are pressured by the weaker pound. Challenging trading conditions hit British retailer Next resulting in lower sales in the six months to July....

Ted Baker Enjoys International And Online Sales Growth

Ted Baker Store

Ted Baker was able to shrug off glum UK high street sales due to having just 20 standalone shops. British clothing company, Ted Baker (LON:TED), experienced an increase in online sales coupled with international...

Shell To Pull Out Of 10 Countries Following BG Group Merger

Shell said it would be focusing on more profitable locations as it attempts to boost shareholder returns. Royal Dutch Shell is pulling out its oil and gas operations in about 10 countries to further cut...

Johnson Matthey Plc Shares Rise On Better Than Expected Full Year Results

Johnson Matthey is anticipating ongoing cost savings of £40 million through the restructuring of its business. Multinational speciality chemicals and sustainable technologies company, Johnson Matthey...

SunEdison Yieldcos, TerraFrom Global and Terraform Power To Look For Strategic Alternatives

SunEdison

On April 21, 2016, SunEdison filed for reorganization under chapter 11 of the U.S. Bankruptcy Code. TerraForm Global Inc and TerraForm Power Inc, two of the subsidiaries of the bankrupt solar company SunEdison...

Salix Settles Misconduct Case For $54 Million

Salix Pharmaceuticals

Salix Pharmaceuticals was accused of paying illegal kickbacks to doctors for prescribing their products. McEldrew Young announced on Thursday a $54 million settlement of a civil case involving the False...

Valeant Struggles To Recover Profitability In Wake Of Investigations

Valeant cut its forward guidance as revenues fell short of expectations. Valeant Pharmaceuticals International Inc disappointed investors again on Tuesday falling short of its first quarter earnings expectations...

Devon Energy Corp Sells $1 Billion Of Oil Assets

Devon Energy Corp is attempting to reduce its debts by selling $3 billion worth of assets. Devon Energy Corp has agreed to sell $1 billion worth of assets in oil fields in Texas and Oklahoma including...