Archives
Copyright claims against YouTube ‘unfair’, says co-founder
October 24th, 2014
The co-founder of YouTube, Chad Hurley, has said legal cases launched against the video-sharing website have been “unfair” and blamed traditional television broadcasters who are scared of losing their influence in the distribution of content. Multiple copyright cases have ...
Investing: Can you retire on $1 million?
October 24th, 2014
Probably. But you have to be smart about your investments and your withdrawals. some tips. If you read any financial advertising, you know that your savings are inadequate, and you’re likely to freeze to death in the dark a ...
Three major nations absent as China launches World Bank rival in Asia
October 24th, 2014
Australia, Indonesia and South Korea skipped the launch of a China-backed Asian infrastructure bank on Friday as the United States said it had concerns about the new rival to Western-dominated multilateral lenders. China’s $50 billion Asian Infrastructure Investment Bank ...
Microsoft sales lifted by the cloud
October 24th, 2014
Microsoft continues to look to the cloud as it releases first quarter earnings. Lifted by strong momentum in its Internet cloud-based offerings, Microsoft on Thursday said its fiscal first-quarter revenue jumped to $23.2 billion, topping Wall Street estimates. The ...
73 Swiss banks ask U.S. to revise proposed tax amnesty deals
October 24th, 2014
Lawyers representing 73 Swiss banks seeking to avoid a tax-evasion probe by U.S. authorities wrote a letter to the U.S. Department of Justice raising questions over a dozen demands, including the banks’ cooperation with other nations. In the letter ...
12 retail chains that are closing stores
October 24th, 2014
Sears isn’t alone among retailers to rapidly closing stores Sears stores continue to be even more of an endangered species as the retailer closes more locations. And Sears isn’t alone. There are 12 retailers in the very broad Russell ...
SEC: Rengan Rajaratnam Settles Insider Trading Charges
October 24th, 2014
The Securities and Exchange Commission (SEC) has announced that former hedge fund manager Rajarengan “Rengan” Rajaratnam has agreed to pay more than $840,000 and accept securities industry bars in order to settle the agency’s insider trading case against him. ...
Credit Suisse CEO says sees no material issues in forex probe
October 23rd, 2014
Credit Suisse (CSGN.VX) does not see material issues related to the global probe into the $5 trillion-a-day foreign exchange market, the Zurich-based bank’s chief executive said on Thursday. Around 15 authorities around the world, including Switzerland’s, are investigating allegations ...
Asian Equities Lower on Growth Woes
October 23rd, 2014
European and Asian stock markets ground lower on Thursday, worries over banks and corporate results again darkening the mood despite a surprisingly upbeat survey of Germany’s manufacturing and service sectors. U.S. stocks were on course to open a touch ...
Australia 200 – Eases Away in Reaching for Key 5400 Level
October 23rd, 2014
Australia 200 for Thursday, October 23, 2014 Since the beginning of September the Australia 200 Index has declined strongly from its multi-year high after running into resistance around 5650 back to enter its previously established trading range between 5400 ...
