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BNP Fine Puts Pressure on Hollande to Act
June 2nd, 2014
A potential $10 billion U.S. penalty against France’s largest bank BNP Paribas SA (BNP) for its alleged dealings with Iran and other sanctioned nations, is stirring outrage in the country. It is putting pressure on President Francois Hollande, who hosts ...
Facebook seeks to buy WhatsApp
May 28th, 2014
Facebook Inc. (NASDAQ:FB) has asked the European Union to review its plan to buy Internet messaging service WhatsApp. The Wall Street Journal said on Wednesday that instead of risking long-term delay to individual country review of the deal, that ...
Former Barclays New York Trio Face Libor Charges in U.K. Court
May 27th, 2014
Three former Barclays Plc (BARC) New York derivatives traders appeared at a London court after being charged with manipulating Libor by U.K. prosecutors, in the second group from the British bank to face U.K. criminal action. Ryan Reich, Alex ...
Apple’s Deal With Dr. Dre’s Beats ‘Is Happening’
May 23rd, 2014
Apple’s alleged multi-million dollar deal with hip-hop mogul Dr. Dre’s (Andre Young’s) Beats Electronics “is happening,” a source told TechCruch Thursday, and the source was able to say this with “70% certainty.” The source also confirmed that Apple is ...
Eurozone businesses maintain steady growth
May 22nd, 2014
Business activity in the eurozone kept up a steady pace of growth in May, a survey has indicated, despite the pace of expansion slowing slightly. The latest Purchasing Managers’ Index (PMI) from research firm Markit dipped to 53.9, down ...
How Google overtook Apple to become the world’s most valuable brand
May 22nd, 2014
Google has surpassed Apple as the world’s most valuable brand, according to MillwardBrown’s 2014 BrandZ ranking. Apple, which had been #1 in the prior three years, fell 20% in brand value to an estimated $147.9 billion amid a “growing perception that ...
eBay makes users change their passwords after hack
May 22nd, 2014
Online marketplace eBay is forcing users to change their passwords after a cyber-attack compromised its systems. The US firm said a database had been hacked between late February and early March, and had contained encrypted passwords and other non-financial ...
Facebook, Google Balk at Loophole in Bill to Rein in NSA
May 22nd, 2014
A group of technology companies, including Facebook Inc. (FB), Google Inc. (GOOG) and Apple Inc. (AAPL), said the bill U.S. lawmakers plan to vote on today to limit National Security Agency spying doesn’t go far enough. The legislation “has ...
BNP Falls as U.S. Probe Said to Cost More Than $5 Billion
May 21st, 2014
BNP Paribas SA (BNP), France’s largest bank, fell to a seven-month low in Paris on concern U.S. authorities will seek more than $5 billion from the lender to settle a probe into alleged violations of U.S. sanctions. The stock ...
China’s Lenovo sees 29% jump in full year net profit
May 21st, 2014
The world’s biggest personal computer maker has reported a 29% jump in full-year earnings while at the same time extending its position as market leader in the PC industry. Lenovo earned a record $817m (£485m) in net profit for ...
