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Articles from channel Abc News

Apple Slides Again on Sales Worries

Shares of Apple (NASDAQ: AAPL) reached 52-week lows on Wednesday, dipping below $400 a share, following a report from a supplier's lower than expected revenue forecast.        

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Found 1 month ago on channel Abc News

Trader's $1B AAPL Buy Bankrupted Firm

A former "rogue" trader in Conn. was charged with "scheming" to profit personally from unauthorized orders of Apple stock, which backfired and ultimately closed down the firm.        

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Found 1 month ago on channel Abc News

Boston Business Starts Relief Fund

As the Boston Police keep a crime scene perimeter of about 12 blocks around Boylston Street, several businesses wait for guidance from authorities to decide when to open its doors. But the companies in the surrounding Boston area went back to work shell-shocked after two bombings hit spectators of the Boston Marathon on Monday.        

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Found 1 month ago on channel Abc News

Fewer Americans Fall Behind on Debt

Daily Business Memo: Despite high unemployment and slow economic growth, here’s one clear sign of improvement for many consumers. Fewer Americans are falling behind on home auto and credit card payments. Consumer default rates dropped in March. “The first quarter of 2013 shows healthy consumer...        

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Found 1 month ago on channel Abc News

Scooter Store Zips Into Bankruptcy

The Scooter Store, which claims it has given 700,000 senior citizens back their mobility, has itself run aground. The company this week filed for Chapter 11 bankruptcy, listing assets of $1 million to $10 million and liabilities of between $50 million and $100 million. Major creditors include the Centers for Medicare and Medicaid Services (CMS), which, according to the filing , is looking to collect $19.5 million--the amount the Scooter Store previously had agreed to repay the U.S. government after an independent audit found that the company had overbilled Medicare and Medicaid by $46.8 million to $87.7 million from 2009 to 2011.        

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Found 1 month ago on channel Abc News