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When partnered with unemployment, debt can burden families into bankruptcy

The British government recently introduced the Debt Relief Order or DRO for short to help low income families. The issue associated with this order is that families must have under £15,000 in unsecured debts and must also have assets under £300. This means that families …

ExxonMobil overtakes Wal-Mart on Fortune 500

WalMart, which has held the top spot on the Fortune 500 list for the past 6 of seven years, gave it up today when Exxon Mobil overtook the retail giant, showing that the falling oil prices has little effect on the bottom line of the …

Procter and Gamble increase dividend by 10%

Tuesday Procter and Gamble (NYSE: PG) announced that it will raise its quarterly dividend by 10 percent from 40 cents to 44 cents.
The increase refers to P&G common stock, and series A and series B ESOP convertible class A preferred stock. It is payable on …

Infinity Pharmaceuticals stops IPI-504 GIST drug testing

Infinity Pharmaceuticals has been testing out a drug called IPI-504 which is supposed to treat refractory gastrointestinal stromal tumors or GIST for short. Today the trials were abruptly called off after data showed that more patients were dying while taking the drug than Infinity was …

Six Flags delisted from NYSE

After not meeting the New York Stock Exchange’s requirements, Six Flags will be taken off the exchange.
Six Flags President and CEO Mark Shapiro said, “The delisting of our common stock is a by-product of the inherited debt load on our balance sheet and the overall …