Articles By J.J. McGrath

From Companies Mar 26, 2012

Sanctions Make It Hard For Royal Dutch Shell To Pay Iran

Royal Dutch Shell PLC has a whole lot of money on its balance sheet, but European Union and U.S. financial sanctions are making it difficult for the major integrated oil-and-gas company to pay an estimated $1 billion it owes the National Iranian Oil Co. for crude purchases, according to Reuters.

From Companies Mar 25, 2012

Wells Fargo Scoffs At Subpoenas In $60B Fraud Probe: SEC

In conducting an investigation of possible fraud in relation to Wells Fargo & Co.'s sale of almost $60 billion in residential mortgage-backed securities, the U.S. Securities and Exchange Commission on Friday requested that a federal court order the country's largest mortgage lender to comply with its subpoenas.

From Politics & Policy Mar 25, 2012

Rick Santorum Tops Mitt Romney In Louisiana Primary Election

Rick Santorum won Louisiana's Republican Party presidential primary election on Saturday. With 100.0 percent of the state's election precincts reporting, Santorum, the former U.S. senator from Pennsylvania, had 91,305 votes (49.

From Companies Mar 25, 2012

Goldman Sachs Refugee Greg Smith Seeking Book Deal: Report

Greg Smith -- the former executive at Goldman Sachs Group Inc. who put a new spin on the old letter of resignation with his "Why I Am Leaving Goldman Sachs" op-ed article in the New York Times on March 14 -- apparently would like to amplify on his remarks in book form, according to the newspaper.

From Companies Mar 24, 2012

BATS Pulls IPO, Pushed By Its 'Technical Issues' On Friday

Because of serious glitches in equity-market trading operations on Friday, Bats Global Markets Inc. announced it has scuttled its planned initial public offering, which had been scheduled to close on March 28.

From Politics & Policy Mar 19, 2012

Puerto Rico Primary Election 2012: Romney, Sí; Santorum, No

The magnitude of Mitt Romney's landslide win in Puerto Rico's Republican presidential primary election on Sunday indicates Rick Santorum's gaffe about the territory's principal language and its effect on the potential for statehood probably had an impact on the results.

From Companies Mar 19, 2012

Apple's Cash Disposition To Be Discussed On Call Monday

Apple Inc. -- the world's most valuable publicly traded company by its market capitalization of $545.97 billion -- will conduct a conference call to announce the outcome of discussions concerning its cash balance on Monday at 9 a.m. EDT, which is before the U.S. equity-market open.

From Politics & Policy Mar 19, 2012

Mitt Romney Wins Majority Of Vote In Puerto Rico Primary: Reports

Mitt Romney won the Republican Party's presidential primary election in Puerto Rico on Sunday, according to multiple media reports, which added that the GOP front-runner Romney won all 20 delegates to the Republican National Convention in August at stake because he attracted more than 50 percent of the vote.

From Politics & Policy Mar 18, 2012

Mitt Romney Almost Halfway Home In GOP Presidential-Nomination Race

Both front-runner Mitt Romney and chief challenger Rick Santorum have added campaign events in Illinois over the next few days in anticipation of the state Republican Party's presidential primary election on Tuesday.

From Companies Mar 17, 2012

Goldman Sachs Source Leaked Apple, Intel Secrets: Reports

A source at Goldman Sachs Group Inc. who has been neither charged nor identified in a broad U.S. insider-trading probe was heard via wiretap leaking secrets about Apple Inc. and the Intel Corp., an attorney for former Goldman Sachs board member Rajat Gupta said in court on Friday.