Search Results for: ELA
SEC Obtains Asset Freeze to Halt Fraud at Illinois-Based Transfer Agent
May 29th, 2014
The Securities and Exchange Commission announced fraud charges and an emergency asset freeze against an Illinois-based transfer agent and its owner whose misappropriation scheme was exposed during an SEC examination of the firm. Transfer agents are typically used by ...
How Should We Tax the Digital Economy?
May 29th, 2014
The European Commission has received the final report of the High-level Expert Group on Taxation of the Digital Economy. This independent group was asked to examine key issues related to taxing the digital economy in the EU, and to ...
Valeant’s Hostile Allergan Bid Keeps Getting More Hostile
May 29th, 2014
Here is a thing that I guess you do when you’re trying to fend off an acquisition proposal: That’s from a May 12 presentation by Allergan, which is trying to fight off Valeant’s unwanted attentions. There are two points ...
Gox bankruptcy judge rejects CoinLab complaints over Sunlot Bid
May 29th, 2014
The U.S. judge presiding over the MtGox bankruptcy proceedings has rejected complaints by CoinLab that proposals to save the exchange are being unfairly executed. Last year, Seattle-based Coinlab had sued MtGox for $75 million over a botched deal. It ...
CySec: acquisition of CIF (Cyprus Investment Firms) licence
May 29th, 2014
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority, has announced that “Boursotrade Ltd” has successfully obtained the CySec license for CIF (Cyprus Investment Firms). The firm is now authorised to operate legally under the supervision of ...
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 ...
Credit Agricole Said to Accuse EU of Bias in Euribor Case
May 28th, 2014
Credit Agricole SA (ACA), which refused to settle an antitrust probe over Euribor manipulation, accused European Union regulators of bias and said they should step down from the case, according to two people with knowledge of a letter the ...
Levine on Wall Street: Wise Rabbits and Philosophical Regulators
May 28th, 2014
Paul McCulley is back. Pimco’s new chief economist is Paul McCulley, back for his third stint at the firm that he previously left in 1992, returned to in 1999, and left again in 2010. So he knows what the ...
Stocks break more records
May 28th, 2014
Wall Street celebrated the unofficial start of summer with a sizzling performance. Stocks raced to all-time highs on Tuesday as investors cheered positive economic reports in the U.S. and a wave of buying in Europe over the long weekend. ...
Nasdaq Nears 13-Year High as Technology Goes From Hated to Loved
May 28th, 2014
Technology stocks are back. A four-day rally in the Nasdaq 100 Index has pulled the gauge within 0.1 percent from erasing a 7.5 percent selloff from earlier this year. Exchange-traded funds that buy computer and software shares absorbed $1.1 ...
