Markets


Supply glut pushes oil prices to 11-year low Supply glut pushes oil prices to 11-year low
- December 23, 2015

While consumers have enjoyed lower fuel prices, the world's richest oil exporters have been forced to revalue their currencies, sell off assets and even issue debt for the first time in years as they struggle to fix their finances. Iran will add to global supply when it resumes shipments next year after the lifting of worldwide sanctions, while a peace deal in Libya could lead to higher exports. (more...)
KaloBios Fires Embattled Pharmaceutical Executive Martin Shkreli
- December 23, 2015

Shkreli became CEO of KaloBios on November 19th after acquiring 70 percent of the company's outstanding shares. He has already resigned as head of the company which made the drug, Turing Pharmaceuticals . Shkreli has said he does not believe the federal charges against him, which include seven counts related to charges of securities fraud. Shares soared that on news of his investment, but plunged 50% Thursday in premarket trading on reports of Shkreli's arrest. (more...)
Sheldon Adelson reported as Las Vegas Review-Journal owner
- December 23, 2015

News + Media Capital Group, a Delaware-based corporation founded in September, purchased the Las Vegas Review-Journal and its sister publications on December 11 for $140 million. Ron Reese, a spokesman for Adelson's Las Vegas Sands Corp ., couldn't immediately be reached for comment. Might the newspaper cover or ignore a story, or might this editorial page support a position, person or plan, because it directly benefits the Review-Journal's owners? Review-Journal Editor Mike Hengel referred ... (more...)
Martin Shkreli Just Got Fired From His Other Job as CEO
- December 23, 2015

The decision comes after the much-criticized pharmaceutical executive was arrested Thursday on charges of security fraud related to another drug company where he had previously served as chief executive. The drug developer said on Monday that Tony Chase, who was appointed to the company's board along with Shkreli, had also resigned. "Willing to donate hundreds of thousands to charities before I go to prison..." and numerous unprintable ones accumulated on the page before he regained control ... (more...)
Donald Trump up 4 points over Ted Cruz in Quinnipiac poll
- December 23, 2015

When the options were limited to the "Top Five" in national polling, Trump's support increases to 32 percent, while Cruz' jumps to 24 percent. Marco Rubio of Florida has 12 percent and Dr. Trump has 28 percent of the GOP pack, with Sen. Both Cruz and Rubio fare better than Trump in general election match-ups. Interestingly, 51 percent have also said they would rather vote for Bernie Sanders if the presidential race came down to him and Trump. (more...)
Cruz nips at Trump's heels in latest poll Cruz nips at Trump's heels in latest poll
- December 23, 2015

As Bush's campaign has languished, Trump has repeatedly said that he is exhausted of talking about him, preferring to criticize other candidates who pose more immediate threats to his campaign. Their last pre-debate poll showed Trump at 27 percent, Rubio at 17 percent and Carson and Cruz both at 16 percent. Christie appears to have taken a bit of that support from Florida's Jeb Bush and Ohio's John Kasich, and he's polling about as well among conservatives as moderates. (more...)
Martin Shkreli fired as CEO of another drug company
- December 23, 2015

Not only that he has received several major charges of securities fraud, securities fraud conspiracy and wire fraud conspiracy all in relation to a hedge fund endeavor. Shkreli became that firm's chief executive in November after saving it from impending bankruptcy with a almost $2 million investment. Shkreli will be replaced by Turing's board chairman Ron Tilles, who will serve as interim CEO until a permanent chief is installed. (more...)
Martin Shkreli: I will Prevail, Allegations Baseless & Without Merit
- December 23, 2015

From left are defense attorney Baruch White, Martin Shkreli, defense attorney Jonathan Sack and co-defendant Evan Greebel, who was charged with conspiracy. Following his arrest, Shkreli stepped down as CEO of Turing Pharmaceuticals. The maximum sentence for the top count is 20 years in prison. The federal charges are believed to be related to a civil lawsuit filed against Shkreli by Retrophin in August. (more...)
Donald Trump has 21-point lead over No. 2 Ted Cruz
- December 23, 2015

Bush and Trump publicly sparred during the GOP debate last week. Trump received 26-percent support from political moderates-Christie received 18 percent-and among politically conservative voters, Trump led with 25 percent, followed by Cruz at 19 percent. (more...)
Martin Shkreli Ousted As CEO From Another Drug Company
- December 23, 2015

Since his arrest on December 17, Shkreli has formally resigned from his position as the CEO of Turing Pharmaceuticals and has also been fired from his position as CEO of KaloBios Pharmaceuticals . The now former CEO of Turing Pharmaceuticals , who has proclaimed his innocence on Twitter, described his arrest to the Journal as a "real injustice" and "definitely not something I deserve given the facts". (more...)
New Poll: Trump's Lead Over Cruz Shrinks
- December 23, 2015

So far, it hasn't worked very well. News, views and commentary on Long Island, state and national politics. Trump maintains a lead at 28 percent, with Sen. Cruz and Trump , on the other hand, each had their best nights yet. Trump's campaign did not return Fox News Latino's request for comment. In third place is Florida Sen. (more...)
Martin Shkreli fired from drug firm KaloBios following arrest
- December 23, 2015

Martin Shkreli, arrested on fraud charges last week, is let go by the small drugmaker he took over last week. (AP Photo/Craig Ruttle)Shkreli's charged with losing investors' money through bad trades - then taking $11 million from his former company to pay disgruntled clients. (more...)
Brent crude oil price falls to 11-year low
- December 22, 2015

Brent crude slumped to the lowest price since mid-2004 amid speculation suppliers from the Middle East to the USA will exacerbate a record glut as they fight for market share. Prices are still down 46 cents from their last settlement. Russian production has hit a post-Soviet record and the number of rigs deployed in the USA rose for the first time in five weeks last week by 17 to 541, according to industry figures supplied by the driller Baker Hughes. (more...)
Martin Shkreli Resigns as CEO of Turing Pharmaceuticals, Interim Boss Announced Martin Shkreli Resigns as CEO of Turing Pharmaceuticals, Interim Boss Announced
- December 22, 2015

As we reported Thursday, Shkreli and Evan Greebel , an associate, who was also arrested Thursday, were charged with two counts of securities fraud, three counts of conspiracy to commit securities fraud, and two counts of conspiracy to commit wire fraud. (more...)
Panthers spokesman: DBs didn't taunt Beckham with bat
- December 22, 2015

Beckham received three personal foul penalties as the Giants fell to the Panthers, 38-35, on Sunday, including a flag in the third quarter where Beckham launched into Panthers cornerback Josh Norman at the end of a play. It will hear oral arguments in March. In fact, only two players in the National Football League have been ejected all year - Seattle linebacker K.J. Wright for trying to rip an opponent's helmet off and Denver defensive back T.J. (more...)
It Appears That Martin Shkreli's Twitter Account Has Been Hacked It Appears That Martin Shkreli's Twitter Account Has Been Hacked
- December 22, 2015

Ceresney, director of the SEC's enforcement division. Shkreli, resigned from Turing Pharmaceuticals soon after he was arrested. During this adjustment after Shkreli's arrest, that same company was forced to hold a meeting to announce the cutting of earnings and sales forecasts, as reported by The New York Times. (more...)
Price-Hike Pharma Tycoon Sacked By Drugs Firm
- December 22, 2015

Since his arrest on December 17, Shkreli has formally resigned from his position as the CEO of Turing Pharmaceuticals and has also been fired from his position as CEO of KaloBios Pharmaceuticals . Chase joined the KaloBios board when the investor group led by Shkreli took over KaloBios in mid-November. "'Trying to find anything we could to stop him' was the attitude of the government", Shkreli said during the interview, in which he was accompanied by his lawyers. (more...)
Pharma Bro Fired From Second Firm, Twitter Account Hacked
- December 22, 2015

Shkreli was part of a group of investors who kept KaloBios alive after the firm announced it would shut down. He pled not guilty and was released on $5 million bail. KaloBios, which was planning to wind down, named Shkreli as its CEO on November 20, after Shkreli and a consortium of investors bought about 70 percent of the company's shares. (more...)
Martin Shkreli fired as CEO of KaloBios Pharmaceuticals
- December 22, 2015

The news brought new accusations of price gouging against Shkreli, who stoked worldwide outrage earlier this year with his plans to jack up the price of Daraprim, an old drug often used to treat parasitic infections in AIDS patients. The company announced it would shut down right before Shkreli and a group of investors swooped in with cash and pledges of financing to keep it going. (more...)
Martin Shkreli says securities fraud charges are 'baseless' Martin Shkreli says securities fraud charges are 'baseless'
- December 22, 2015

In Brooklyn, Shkreli was arrested by the Federal Bureau of Investigation and charged with illegally taking stock from Retrophin Inc., a biotech firm he founded in 2011, according to CBS News. Turing Pharmaceuticals, a privately-held company became prominent as a notorious pharmaceutical company after acquiring the anti-parasitic drug, Daraprim and increasing its price by 5000% from $13.50 to $750. (more...)

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