Archives
U.S. court revives BP retirement-plan suit filed after oil spill
July 16th, 2014
A U.S. appeals court on Tuesday revived a lawsuit in which participants in four BP Plc employee retirement savings plans alleged they were deceived into buying and holding BP stock before and after the 2010 Deepwater Horizon disaster. The ...
Apple and IBM in Broad Software Deal for Businesses
July 16th, 2014
Apple is moving up to business class. And its seatmate will be IBM. In a deal that could deepen Apple’s sales to corporations and strengthen IBM’s position in business software, the two companies announced a wide-ranging partnership intended to ...
U.S. retail sales, manufacturing data point at firming economy
July 15th, 2014
A gauge of U.S. consumer spending rose solidly in June, in the latest sign that the economy ended the second quarter on a firmer footing. That momentum appeared to have carried into the third quarter, with other data on ...
Parliament elects Jean-Claude Juncker as Commission President
July 15th, 2014
The European Parliament has issued a press release announcing the election of Jean-Claude Juncker as Commission President. With 422 votes in favour, the European Parliament elected Jean-Claude Juncker in a secret ballot on 15 July as President of the new ...
Goldman Sachs earnings rise, beating estimates
July 15th, 2014
Wall Street powerhouse Goldman Sachs’ earnings rose in the second quarter, defying pessimistic forecasts betting on a sharp drop-off. Strong results in Goldman’s investment banking and investing and lending units helped drive the firm’s quarterly earnings to $2.04 billion ...
Lions Gate, Alibaba to offer joint subscription TV streaming service in China
July 15th, 2014
Chinese e-commerce giant Alibaba Group Holding and Lions Gate Entertainment Corp, the studio behind the ‘Hunger Games’ films, will launch a subscription streaming service in China, the firms said in a statement on Tuesday. The service, to be known ...
Establishment of a Representative Office in Cyprus by Bank Zenit
July 15th, 2014
The Central Bank of Cyprus acting under the authority vested in it by section 8(1) of the Business of Credit Institutions Laws of 1997 to (No. 4) of 2013, granted on 4 July 2014, an approval to Bank Zenit ...
HMRC publishes list of suspect tax avoidance schemes
July 15th, 2014
HM Customs and Revenue (HMRC) has published a list of more than 800 schemes that it believes are deliberately designed to avoid tax. The list consists of a series of numbers, allowing them to be identified by the tax-payers ...
Imperial Tobacco to buy U.S. cigarette brands for $7.1 billion
July 15th, 2014
Imperial Tobacco Group (IMT.L) plans to buy U.S. cigarette brands including Winston and Kool for $7.1 billion as part of Reynolds American’s (RAI.N) $27.4 billion purchase of Lorillard (LO.N). Imperial’s purchase, meant to ease antitrust concerns from the marriage ...
Traiana Extends Kill Switch Range to SDPs for CreditLink
July 15th, 2014
Icap-owned specialist Traiana has announced the expansion of kill-switch functionality in its CreditLink offering, which now includes single dealer platforms (SDPs). The first SDP to sign up for the capability is Velocity, operated by Citi. Traiana already operates kill ...
