Business

AFC member Richard Lai admits to corruption charges in U.S probe

AFC member Richard Lai admits to corruption charges in U.S probe

Lai's plea deal, in which he copped to two wire fraud conspiracy charges and agreed to pay forfeiture and penalty fees of over $1.1 million, is the first guilty plea US officials have gotten in the course of their prosecution of the shady business of Federation Internationale de Football Association.



Microsoft Surface Laptop Takes Aim At Apple MacBook Business

At the #MicrosoftEDU event in NY yesterday, the company unveiled its latest Windows operating system, the Windows 10 S. The base model is powered by an Intel Core i5 processor, backed by a 4GB RAM and 128GB of internal memory. While the Surface laptop that Microsoft has announced as its 10 S bearing flagship could make you think twice with its $999 price tag, other devices rocking the OS are going to be much cheaper.


Insurer AXA plans to float stake in its U.S

Insurer AXA plans to float stake in its U.S

AXA, the French insurance giant, said on Wednesday it plans to list its large U.S. life-insurance operations - including a stake in AllianceBernstein, its United States fund management arm. Earlier this month AXA fired AllianceBernstein's longtime leader Peter Kraus, replacing him with a new chief executive and new chairman, and overhauled the firm's board.


Goldman Sachs says USA border tax would 'blow out' Brent/WTI crude spread

Goldman Sachs says USA border tax would 'blow out' Brent/WTI crude spread

USA crude stocks fell last week as refineries cut output, while gasoline stocks decreased and distillate inventories fell, the Energy Information Administration said on Wednesday. and Cenovus Energy Inc., which announced multibillion-dollar deals in the oilsands in recent months are also seen as big bets on higher long-term prices.



Hot Stocks To Watch: CenturyLink, Inc. (CTL), Macy's, Inc

Mirador Capital Partners LP boosted its stake in shares of Centurylink by 0.5% in the third quarter. The insider now directly owns 73,316 shares worth $1,835,099. Over the last three months, the shares of the company have changed 5.12% and performed 12.53% over the last six months. The firm's revenue for the quarter was down 4.4% on a year-over-year basis.