Search Results for: EC
Wall St. slides on concerns about Iraq
June 13th, 2014
U.S. stocks fell on Thursday as concerns escalated about Iraq and after disappointing economic data on retail sales and jobless claims. The three major U.S. stock indexes ended off their session lows. With the day’s decline, though, the S&P ...
Predatory Trading Rules Considered in Canada
June 13th, 2014
The Ontario Securities Commission may consider measures to regulate high-frequency trading if evidence of predatory activity is found as it reviews its market-structure policies, Chairman Howard Wetston said. “The important question for us is, is our market fair?” Wetston ...
LinkedIn Ordered to Face Customer E-Mail Contacts Lawsuit
June 13th, 2014
LinkedIn Corp. (LNKD:US) must face a lawsuit claiming the company violated customers’ privacy rights for marketing purposes by accessing their external e-mail accounts and downloading their contacts’ addresses. The decision by U.S. District Judge Lucy H. Koh in San ...
BNP Paribas: EU’s Barnier wants ‘fair’ US action over fine
June 13th, 2014
One of the European Union’s top officials has intervened in the controversy over a potential huge US fine on BNP Paribas. Michel Barnier, the EU’s internal markets commissioner, said any penalty on the giant French bank must be “fair ...
Oil jumps to near $106 on Iraq violence
June 12th, 2014
Oil rose to near $106 per barrel Thursday as an insurgency in Iraq raised the risk of disruption to supplies after OPEC vowed to keep output unchanged. Benchmark U.S. oil for July delivery was up $1.45 to $105.85 a ...
Expedia to accept Bitcoin payments for hotel bookings
June 12th, 2014
One of the world’s largest online travel agencies, Expedia, has become the latest company to accept Bitcoin transactions as a form of payment. The firm will initially accept the virtual currency for hotel bookings only, and is currently restricting ...
Levine on Wall Street: Revenue Models
June 12th, 2014
Is Uber’s valuation reasonable? Aswath Damodaran thinks no, Andrew Ross Sorkin thinks yes, but two data points from Henry Blodget that may or may not be true are that its revenue (1) is now $2 billion a year and ...
RBNZ raises OCR to 3.25 percent
June 12th, 2014
The Reserve Bank of New Zealand (RBNZ) has issued a press release informing that it has increased the Official Cash Rate (OCR) by 25 basis points to 3.25 percent. New Zealand’s economic expansion has considerable momentum, with GDP estimated ...
FASB Seeks to Simplify Accounting Rules
June 12th, 2014
With an eye on simplification, the Financial Accounting Standards Board has taken up a few short-term projects to cut some unnecessarily complexity out of accounting rules and finalized new rules for development-stage entities. FASB recently decided based on constituent ...
Australia Employers Cut Workers in May as Unemployment Holds
June 12th, 2014
Australian employers unexpectedly cut payrolls in May, underscoring the likelihood interest rates will remain at a record low for an extended period. The number of people employed fell by 4,800, the statistics bureau said in Sydney today. That compares ...
