Month: March 2016

When wunderkind Martin Shkreli famously jacked up the prices of Daraprim from $13.50 a pill to $750, he unknowingly triggered a series of events that continues to wreak havoc on Wall Street today, with Valeant Pharmaceuticals tumbling down the stock market. This March, the FDA announced new rules intended to tamp down on Shkreli-style price gouging, and soon after Valeant revised its revenue projections downwards. After the Shkreli price-gouging story first broke, the young entrepreneur became a whipping boy for … Continue reading “Martin Shkreli is Still Causing Problems for Valeant, Pharmaceutical Industry”

Despite the gloomy, nearly apocalyptic tone on the U.S. presidential campaign trail, the U.S. labor market has been growing steadily in recent years. This March, the U.S. is celebrating 72 consecutive months of job growth, and in total more than 14 million private sector jobs have been created in the last six years. Still, U.S. workers are justified in feeling anxious, as the country continues to lose many jobs to foreign employers. The global heating, ventilation and air conditioning industry … Continue reading “Good News, Bad News for the U.S. HVAC Industry so far in 2016”

Efforts to cut back on nicotine use in U.S. society have been hugely successful, with rates of smoking falling across the board. Today, tobacco product commercials are banned, and it’s rare to see characters lighting up on television or movie screens. Yet alcohol advertisements remain a ubiquitous part of American life. Beer commercials are an enduring staple of American sporting events. A recent Super Bowl advertising campaign for Bud Light recruited popular comedians Amy Schumer and Seth Rogen, and Budweiser’s … Continue reading “Are Alcohol Ads Going the Way of Cigarettes and Tobacco?”

Pittsburgh Glass Works LLC, a leading distributor of automotive glass and service business, is to be sold to LKQ Corp by PPC Industries Inc and Kohlberg and Company LLC, in a deal for $635 million. PPG had already divested PGW and sold a majority stake in the Pittsburgh Glass Works stocks to Kohlberg in 2008. The transaction is expected to be completed in the second quarter of 2016. Michael McGarry, PPG President and Chief Executive Officer, stated that “PGQ’s sale … Continue reading “Pittsburgh Glass Works To Be Sold to Chicago-Based Company”

Paris, and the rest of France, attracts hundreds of thousands of American and European tourists all year long, and remains a highly coveted destination. The Lourve continues to be the most visited museum in the world, and on average, a tourist in France spends 62 euros a day. However, all that tourism money doesn’t make up for the $1.8 billion (1.6 billion euros) that Google owes the country in unpaid taxes. Google CEO Sundar Pichai met with France’s economy minister … Continue reading “Google Owes $1.8 Billion to France In Back Taxes”