Business articles

U.S. Army practices with Beretta pistols on firing range.

Change: Beretta moves manufacturing from Maryland to Tennessee

Change: Beretta moves manufacturing from Maryland to Tennessee

ACCOKEEK, Md., July 23, 2014 – Earlier this year, Beretta U.S.A announced that it was relocating some of its gun manufacturing activities from anti-gun Maryland to a new facility in Tennessee, a state where the company is being enthusiastically welcomed with open arms. Today, the other shoe dropped, as the American division of this internationally

Screen shot of video purporting to show larger form factor of iPhone 6.

Apple [AAPL] reports OK Q3 numbers, stock off in after-hours

CUPERTINO, Calif. — Apple (AAPL) released its eagerly anticipated third-quarter earnings report after Tuesday’s closing bell. The company earned $7.7 billion, $1.28 per share, for the three-month period ending June 28, which was a 12% increase from 2013’s Q3 earnings of $6.9 billion, $1.07 per share. On the other hand, while revenue jumped 6% from

Charles Ponzi, the original schemer. (Via Wikipedia)

Wall Street: Don’t cry for me, Argentina; plus Herbalife [HLF], Ackman fun

WASHINGTON, July 22, 2014 – Tuesday is proving to be an okay but fairly boring day for stock traders. It’s the peripheral activity that promises more fun. First of all, as we’ve reported elsewhere, a three-judge appellate court panel has just effectively trashed the bulk of Obamacare’s subsidy system, due primarily to the sloppy wording

Cartoon by Branco, ed. by Ponick, original by permission, courtesy LegalInsurrection.

URGENT: U.S. appeals court guts most Obamacare subsidies

WASHINGTON, July 22, 2014 – In a stunning rebuke to seat-of-the-pants legislating and activist lower courts, a U.S. Federal Appeals Court, in a three-judge panel ruling Tuesday, overturned a lower court’s interpretation of a key portion of the vastly complicated “Affordable Care Act” (ACA). In a 2-1 ruling, the panel observed that “Section 36B [of