The Securities and Exchange Commission announced that it had reached a $45 million settlement with Pfizer regarding allegations of bribing doctors in other countries. The allegations date to 2001 and involve violations of the Foreign Corrupt Practices Act, which forbids paying bribes to government officials.  Doctors are government employees in many countries.  The Justice Department announced that... 

Investors unhappy with Facebook’s first financial report as a public company fled the stock in droves.  Since going public, Facebook has seen the value of its stock decline by 40%.  David Ebersman, the chief financial officer, said, “Obviously we’re disappointed about how the stock is traded,  But the important thing for us is to stay focused on the fact that we’re the same company now as... 

One of the most popular sports on television and online today is mixed martial arts or MMA. Part of that sports genre is UFC or Ultimate Fighting Championship and betting on this sport has become a popular activity for many sports bettors. UFC numbers all of its events and one great event coming soon is UFC 152. Betting on UFC 152 is as easy as going to any sportsbook online, opening an account and... 

Sprint Nextel reported a loss for the second quarter after it wrote down the value of its Nextel network.  Sprint’s net loss was $1.37 billion, or $0.46 a share, in the April to June period, compared with a loss of $847 million, or $0.28 a share in the same quarter last year.  Analysts expected a loss of $0.41 a share.  This was the 19th consecutive quarter of losses for Sprint. Sprint’s revenue... 

Barclays reported that net profit dropped 76% to $752 million during the first six months of the year.  During this time period, the bank has taken an accounting charge on its debt and a charge for selling complex financial products to small businesses inappropriately.  Barclays’ chairman Marcus Agius said in a statement, “We are sorry for the issues that have emerged over recent weeks and recognize... 

If there is one industry that has remained strong throughout all of the troubles that we have seen in our economy lately it would have to be the meat industry. No matter which way you cut it (no pun intended) people are always going to be eating meat across the world and the people who raise the animals to be eaten will always have their work cut out for them. The process might seem gruesome to some... 

AT&T’s latest earnings report recorded a healthy profit in the second quarter.  The company reported net income of $3.9 billion, or $0.66 a share, in the second quarter.  This was an increase of 8.7% from the year-ago quarter.  AT&T reported that revenue was $31.6 billion in the quarter, which is about even with last year. Analysts had expected $0.63 a share on revenue of $31.7 billion. In...