Wall Street watchdog bars former Merrill Lynch broker Tom Buck Jul 28, 2015 05:36PM

NEW YORK (Reuters) - Tom Buck, the former top Indiana securities broker who was fired by Bank of America Merrill Lynch in March, has been permanently barred from the securities industry by the Financial Industry Regulatory Authority, according to the regulator's BrokerCheck website.

In a settlement reached in the FINRA disciplinary proceeding, the Wall Street regulator said that Buck failed to assess the suitability of the fees he charged some clients, charging them on a... (continue reading...)


Amazon.com (AMZN) Proposes Model to Improve Airspace Controls Jul 28, 2015 03:37PM

At NASA's UM Convention today, Amazon (Nasdaq: AMZN) unveiled a planned to overcome some of the potential challenges in using unmanned aircraft to deliver goods, as well as for general drone safety.

One element is re-designated airspace. Certain altitudes above ground would allow for certain travel (high-speed, low-speed, etc.), while there would also be zones to avoid completely.

Airspace management was also cited as something that needed to be improved upon. Amazon... (continue reading...)


Freeport may cut output at small N. American mines: analysts Jul 28, 2015 02:05PM

By Nicole Mordant

(Reuters) - Freeport-McMoRan Inc may cut output at its small North American copper and molybdenum mines to help it reduce costs, analysts said on Tuesday after the miner and oil producer announced a cost and spending review amid weak commodity prices.

Freeport, the biggest U.S.-listed copper miner, said it is reviewing its mining and oil and gas businesses for significant additional cuts in capital spending and operating costs because of weak prices for... (continue reading...)


Las Vegas Strip Revenue Fell 16.3% in June (LVS) (MGM) (WYNN) Jul 28, 2015 11:56AM

Nevada’s non-restricted gaming licensees reported a total “gaming win” of $830,940,221 for the month of June 2015. This amounts to an 8.37 percent decrease compared to June 2014, when licensees reported a gaming win of $906,851,820. For the fiscal year (July 1, 2014 through June 30, 2015), gaming win has decreased 1.58 percent.

Las Vegas Strip revenue fell 16.31 percent to $445,510,980, from $532,362,928 in the same period last year.

On watch today include: Caesars... (continue reading...)


Twitter (TWTR) Ads Deemed Largely Irrelevant by Users Jul 28, 2015 11:11AM

Twitter (NYSE: TWTR) is said to have a user base exceeding 50 million users in the U.S. (whom access their accounts at least once per month), but the social media site might need to step its advertising game up if it plans to capture more revenue from said users.

According to eMarketer, citing data from a recent Cowen and Company survey, about 60 percent of Twitter's users believe ads from the site aren't relevant or are a poor fit. Only 3.1 percent said ads were... (continue reading...)


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