Check out the companies making headlines after the bell: Sprint stock dipped as much as 1.8 percent in after-hours trading after the Federal Communications Commission released a letter pausing the transaction clock for the proposed merger of Sprint and T-Mobile. “Additional time is necessary to allow for thorough staff and third-party review of newly-submitted and
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For millions of consumers in the early part of the 2000s, the Dodd-Frank Act of 2010 came too late. The massive legislation, passed in the aftermath of the Great Recession, was intended to better regulate financial institutions and safeguard their customers against risky loans and abusive practices. Yet by the end of 2009, roughly 7.1
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AliveCor, a Silicon Valley start-up that develops technology to monitor people’s heart health, on Monday received “breakthrough device” designation from the U.S. Food and Drug Administration for developing a new way to detect high blood potassium levels without requiring any blood. AliveCor worked with doctors at the Mayo Clinic, which is also an investor in
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Amazon Prime subscribers will more than double to 275 million in a decade, estimates Citigroup, which raised its price target on the stock Monday after a deep dive analysis into the subscription service of the internet retailing juggernaut. Citi analysts concluded that Wall Street does not appreciate the full value of the platform, projecting that
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The U.S. securities watchdog has halted trading in two cryptocurrency-related products because of confusion over the nature of the financial products. The securities, Bitcoin Tracker One and Ether Tracker One, were slapped with a suspension notice by the Securities and Exchange Commission (SEC) on its website. The regulator said that broker-dealer application materials and trading
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CBS CEO Leslie Moonves is leaving his post following numerous allegations of sexual misconduct that spanned much of his career, the company announced on Sunday evening. CBS announced Moonves will depart as chairman, president and chief executive officer “effective immediately.” The company said COO Joseph Ianniello will now act as president and acting CEO “while
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