Search Results for: ELA
SEC Probes Threat From Cyber Attacks Against Wall Street
March 27th, 2014
The U.S. Securities and Exchange Commission is examining the exposure of stock exchanges, brokerages and other Wall Street firms to cyber-attacks that have been called a threat to financial stability. The SEC held a roundtable discussion of those risks ...
GM Down 14% Shows Barra Challenges From Recalls to China
March 27th, 2014
Less than three months into her tenure as General Motors Co. chief executive officer, Mary Barra has more than recalls to worry about. GM shares are down almost 14 percent since Barra took the helm Jan. 15 through yesterday, ...
Citic Pacific Said to Plan About $4 Billion Share Sale to Public
March 27th, 2014
Citic Pacific Ltd. plans to sell about $4 billion of shares to restore its public float after absorbing assets from state-owned parent Citic Group Corp., people with knowledge of the matter said. Citic Pacific may approach sovereign wealth funds ...
CySec: Abolishment of requirement to publish an Annual Bulletin
March 27th, 2014
The Cyprus Securities and Exchange Commission (CySec) has issued a circular informing the investors that, according to the recent amendments to the Public Offer and Prospectus Law of 2005 (L.114(Ι)/2005) with L.63(Ι)/2013, the requirement for reparation and publication of the ...
FBI shooting after Boston bombing was justified, investigator says
March 26th, 2014
The shooting death of Ibragim Todashev, an associate of the alleged mastermind of the Boston Marathon bombing who was killed in a scuffle with FBI agents, was justified, Florida’s Ninth Circuit State Attorney Jeffrey L. Ashton said in an ...
RSA introduces 25% non-audit fee cap
March 26th, 2014
THE AUDITORS of embattled insurer RSA will have a cap put on the amount of non-audit fees they can earn, limited to 25% of the total audit fee. KPMG, which was brought in to replace Deloitte as RSA auditors, ...
Why Companies Suffer Large, Unexpected Credit Losses
March 26th, 2014
For companies that sell business-to-business products and services, many things can contribute to a company incurring a loss from a bad debt. The most important factor is probably the quality of the organization’s finance and credit management process. But ...
Clifford Chance escapes £130m derivatives negligence claim as case settles
March 26th, 2014
JP Morgan’s £130m legal battle with Berlin’s public transport provider BVG in which Clifford Chance was implicated for allegedly providing negligent advice has settled. The mammoth battle was one of the first cases involving derivatives concluded by European public ...
First legal steps taken against Malaysia Airlines, Boeing
March 26th, 2014
A Chicago-based attorney has taken the first formal legal steps related to Malaysia Airlines Flight 370, the opening shot in what promises to be a sustained litigation campaign. Monica Kelly, a lawyer at Ribbeck Law, asked an Illinois state ...
Rich Chinese overwhelm U.S. visa program
March 26th, 2014
A dramatic surge in interest from wealthy Chinese is threatening to overwhelm a U.S. program offering investors green cards in exchange for cash. The number of applicants is now so great that the government might run out of permits. ...
