Genworth Financial (GNW) Shares Hit Due to Material Weakness in Accounting Mar 2, 2015 01:47PM

Genworth Financial (NYSE: GNW) discussed 'material weakness' in its accounting in a 10-K filing. The text from the filing is below.

As discussed in “Part II—Item 9A—Controls and Procedures,” we have concluded that we did not have adequate controls designed and in place to ensure that we correctly implemented changes made to one of our methodologies as part of our comprehensive long-term care insurance claim reserves review completed in the third quarter of 2014.... (continue reading...)


Tesla (TSLA) Launches All-Wheel Drive Dual Motor Model S in Europe Mar 2, 2015 01:42PM

Tesla (NASDAQ: TSLA) officially launched the All-Wheel Drive Dual Motor Model S in Europe, the company said via twitter.

We’ve officially launched All-Wheel Drive Dual Motor Model S in Europe. Model S 85D & P85D deliveries have started. pic.twitter.com/sl2tbGAnHK

— Tesla Motors (@TeslaMotors) March 2, 2015


Interactive Brokers Group (IBKR) DARTs Rose 9% in February Mar 2, 2015 12:34PM

Interactive Brokers Group (NASDAQ: IBKR) reported its Electronic Brokerage monthly performance metrics for February.

Highlights for the month included:

  • 633 thousand Daily Average Revenue Trades (DARTs), 9% higher than prior year and 6% lower than prior month.
  • Ending client equity of $60.3 billion, 24% higher than prior year and 7% higher than prior month.
  • Ending client margin loan balances of $16.6 billion, 16% higher than prior year and 1% higher than prior month.
  • Ending... (continue reading...)

PayPal to Buy Paydiant (EBAY) Mar 2, 2015 11:43AM

eBay's (NASDAQ: EBAY) PayPal agreed to acquire Paydiant, according to a blog post. Comments from Dan Schulman, PayPal President and CEO Designee, are below.

"Just over a year ago, Braintree was acquired by PayPal. With PayPal’s support, Braintree continues its rapid growth. In fact, its authorized payment volume in 2014 was $22.8 billion, more than doubling from 2013."

"Today, I am excited to announce that we agreed to acquire Paydiant, another great company that is... (continue reading...)


Lumber Liquidators (LL) Comments on 60 Minutes Episode, Says Laminate Floors Completely Safe Mar 2, 2015 11:05AM

In light of Sunday night’s 60 Minutes episode featuring Lumber Liquidators (NYSE: LL), the Company is providing the following statement:

“Lumber Liquidators is a leader in safety, as evidenced by our track record of providing our wide range of products to two million satisfied customers across America.

We comply with applicable regulations set by the California Air Resources Board (“CARB”), which is currently the only regulator of composite core emissions.... (continue reading...)


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