Business

Home Prices Continue to Rise across the United States

Home Prices Continue to Rise across the United States

The latest data for S&P CoreLogic Case-Shiller Indices confirmed that the real estate prices across the United States have witnessed a rise over the last 12 months. A rise by 5.1% in the real estate price has been witnessed and it has pushed homes out of limit of many families. The 10-city index recorded 4.3 percent gains over the same period last year.

Uber Records Minimum $1.27 Billion Loss in First Half of Year

Uber Records Minimum $1.27 Billion Loss in First Half of Year

Though Uber Technologies Inc. is not a public company, it gets dozens of its shareholders on a conference call after every three months to reveal report on the ride-hailing giant’s business performance. The report is given by Gautam Gupta, the Head of Finance at Uber. The investors were reported on Friday by Gupta that the company is suffering from losses during the second quarter.

HP Inc’s stock falls despite surpassing Wall Street expectations for third-quarter results

HP Inc’s stock falls despite surpassing Wall Street expectations for third-quarter results

Though HP Inc’s quarterly results have surpassed Wall Street expectations, its stock has fallen by more than 5% in afterhours trading. The company has reported its third quarter net income at $783 million, down 8% from a year back.

Morgan Stanley faces $1.5 billion lawsuit for mismanagement of employee retirement funds

Morgan Stanley faces $1.5 billion lawsuit for mismanagement of employee retirement funds

Morgan Stanley’s 401 (k) plan participants have filed a lawsuit claiming that the financial services major mismanaged the funds. The lawsuit claims that nearly 60,000 participants in Morgan Stanley’s fund faced significant financial loss as the fund underperformed compared to other funds in the similar segment.

Morgan Stanley accused of mismanagement of employee retirement funds

Morgan Stanley accused of mismanagement of employee retirement funds

Financial services powerhouse Morgan Stanley has been accused of mismanagement of employee retirement funds in a new lawsuit filed in Manhattan federal court. The lawsuit alleges that Morgan Stanley used the funds to maximize its profits. The suit added that Morgan Stanley pushed nearly 60,000 employees to funds which reported poor performance and were associated with excessive fee for fund management.

Harley-Davidson agrees to $12 million fine over Motorcycle Emissions

Harley-Davidson agrees to $12 million fine over Motorcycle Emissions

Harley-Davidson has agreed to resolve motorcycle emissions issue by agreeing to pay a civil fine of $12 million. The company has also agreed to stop sales of after-market devices that lead to high pollution than the norms. The issue was mainly caused by ‘super tuners’ sold by Harley-Davidson since 2008.

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