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Theranos founder Holmes, former president indicted for fraud

Theranos founder Holmes, former president indicted for fraud

By Nate Raymond (Reuters) – Theranos Inc founder Elizabeth Holmes and the embattled blood-testing company’s former president were indicted on charges that they engaged in schemes to defraud investors, doctors and patients, the U.S. Justice Department announced on Friday. The charges against Holmes, 34, and Ramesh “Sunny” Balwani, 53, were announced shortly after the privately […]

Would you rather health data or finance data in the cloud?

Would you rather health data or finance data in the cloud?

Healthcare providers are the top users of public clouds, says analyst firm IDC. The outfit’s new “Worldwide Semiannual Industry Cloud Tracker” reports that growth in cloud spend across four industry sectors – finance, healthcare, manufacturing and the public sector – is ratting along at US$22.5bn a year with expected growth of 24.3 per cent. The […]

Georgia's ruling party names finance minister Mamuka Bakhtadze as a new PM

Georgia's ruling party names finance minister Mamuka Bakhtadze as a new PM

TBILISI (Reuters) – Georgia’s ruling party on Thursday named acting Finance Minister Mamuka Bakhtadze as a candidate to become the next prime minister, the parliamentary speaker said. Prime Minister Giorgi Kvirikashvili resigned on Wednesday amid a disagreement with the leader of his ruling party, Bidzina Ivanishvili, who is the richest man in the ex-Soviet republic. […]

Shepherd's Finance, LLC Reports First Quarter 2018 Results

Shepherd's Finance, LLC Reports First Quarter 2018 Results

JACKSONVILLE, Fla., June 13, 2018 (GLOBE NEWSWIRE) — Shepherd’s Finance, LLC (“Shepherd’s” or the “Company”) announced its operating results for the first quarter ended March 31, 2018. 2018 Financial Highlights to Date Earnings Growth – Net income increased approximately $0.1 million, or 50.2%, to $0.3 million for the quarter ended March 31, 2018 compared to net […]

Free personal finance classes can help you avoid expensive mistakes

Free personal finance classes can help you avoid expensive mistakes

(Pexels Photo) PHOENIX — When it comes to personal finance, a lack of knowledge can lead to expensive mistakes. That’s where the free MoneySKILL financial literacy program comes in. “The name speaks for itself. It’s to teach life skills about managing money,” Tim Stanley, board chair of the American Financial Services Association Education Foundation, told […]

UK's Domino's Pizza announces abrupt departure of finance chief

UK's Domino's Pizza announces abrupt departure of finance chief

Adam Samson in London June 12, 2018 Print this page The finance chief at the UK’s Domino’s Pizza has resigned effective on Monday, the company disclosed on Tuesday without providing further details on the reasons behind her departure. Rachel Osborne, who was appointed chief financial officer in October 2016, will also leave her post on […]

Economist defends activity of offshore finance centres

Diego Zuluaga, a policy analyst at the Cato Institute, based in Washington DC, has published a paper called Offshore Bet defending the role of offshore finance centres, such as Jersey, which are often criticised and labelled ‘tax havens’. The report says that offshore centres are often wrongly accused of the illegal activity of tax evasion […]

Week ahead in business and finance

Week ahead in business and finance

Today No FTSE 350 companies reporting Economics: Trade balance (UK), Industrial production (UK), Construction output (UK), NIESR GDP estimate (UK) Tomorrow Online fast-fashion giant Boohoo.com is recapturing its share price momentum after soothing investors’ concerns over stuttering growth. Since sinking to a one-year low in April, its shares have surged 50pc ahead of its first-quarter […]

Finance panel approves school safety locks

Finance panel approves school safety locks

By AUTUMN HUGHES Funding for school safety was part of the discussion when the Bradley County Commission’s Finance Committee met on Thursday to go over the 2018-2019 budget. Bradley County Mayor D. Gary Davis presented his budget proposal to the Commission last week. The committee recommended approval of $250,000 for so-called Columbine locks for the […]

After 40-Minute Hearing, RI House Finance Committee Approves $9.55B Budget

After 40-Minute Hearing, RI House Finance Committee Approves $9.55B Budget

After little discussion during a 40-minute hearing, the House Finance Committee approved Friday a $9.55 billion budget for the fiscal year beginning July 1 that restores money for human service programs, kills a proposed 25 cent per pack hike in the cigarette tax and gives voters the chance in November to direct $250 million to […]