Archives
Microsoft sees end to Nokia losses, shares rise after hours
July 23rd, 2014
Microsoft Corp said it aims to get its loss-making Nokia phone unit to break even within two years, helping its stock rise in after-hours trade. The world’s largest software company reported a 7 percent dip in quarterly profit on ...
Japanese Government Cuts 2014 Economic Growth Forecast
July 22nd, 2014
The government on Tuesday cut its forecast for Japan’s economic growth in fiscal 2014 to 1.2 percent from 1.4 percent in real terms amid lingering fears that the April 1 consumption tax hike, the first in 17 years, may ...
SEC Charges Investor Relations Executive With Insider Trading While Preparing Clients’ Press Releases
July 22nd, 2014
The Securities and Exchange Commission today charged a partner at a New York-based investor relations firm with insider trading on confidential information he learned about two clients while he helped prepare their press releases. The SEC alleges that Kevin ...
Pace of U.S. home resales rises to eight-month high
July 22nd, 2014
U.S. home resales rose in June to their fastest pace in eight months, a signal that the housing market was pulling out of a slump. The National Association of Realtors said on Tuesday existing home sales increased 2.6 percent ...
Here’s Yet Another Problem in Platinum Supply
July 22nd, 2014
It’s no secret the platinum mining industry has been suffering of late. With mineworker strikes in South Africa having caused significant losses of production. And now there’s another problem. In the world’s third-largest platinum producing nation: Zimbabwe. The news ...
PBC Signed Local Currency Swap Agreement with Swiss National Bank
July 22nd, 2014
With the approval of the State Council, the People’s Bank of China signed on July 21, 2014, an agreement on bilateral local currency swap with the Swiss National Bank for the purpose of providing liquidity support for the bilateral ...
JPMorgan begins to provide consumer help under $13 billion settlement
July 22nd, 2014
JPMorgan Chase & Co has begun to provide the debt forgiveness and other help to struggling homeowners under last year’s $13 billion accord with federal and state authorities, though it has only turned over a handful of details, a ...
The Real Reason Banks Don’t Like Bitcoin
July 22nd, 2014
Banks are reluctant to work with bitcoin, that fact has been well known in the community for some time. Until now, though, few concrete reasons have been given as to why. New statements from a senior banking practitioner in ...
LinkedIn hires former Yahoo legal chief as its new general counsel
July 22nd, 2014
LinkedIn has hired former Yahoo general counsel Michael Callahan to head the global professional networking site’s legal function. Callahan will take on the mantle of vice president, general counsel and secretary on 28 July, reporting into the company’s CEO ...
IA ANALYSIS: FATCA is stranger than fiction
July 22nd, 2014
FATCA was implemented worldwide at the beginning of this month, but the impact (and costs) are only now just beginning to filter through to the financial services community. Part of the US Hiring Incentives to Restore Employment Act (HIRE), ...
