Search Results for: EC
Beware of ‘cloud’ computing snoopers, law firms warned
April 7th, 2014
Firms planning to rely on ‘cloud’ technology for their IT should be aware of the risk of lawful interception by intelligence agencies, the Law Society warns today. A practice note on cloud computing – in which data is stored ...
Alfa Laval Buys Norwegian Pump Maker Frank Mohn for $2.2 Billion
April 7th, 2014
Alfa Laval AB (ALFA) agreed to buy Norwegian pumpmaker Frank Mohn AS for 13 billion kroner ($2.2 billion) in cash to capture spending in offshore oil and gas drilling. The transaction will add sales of 3.4 billion kroner from ...
Pistorius Defense to Call Pathologist as Murder Trial Resumes
April 7th, 2014
Oscar Pistorius’s lawyers plan to call a forensics expert as their opening defense witness before the Paralympic gold medalist testifies in his murder trial. Jan Botha, a pathologist, may be the first to testify as the defense starts its ...
Stock experts say the bull isn’t dead yet
April 7th, 2014
Wall Street professionals are still optimistic about stocks, despite a very volatile start for the markets this year. The 26 investment strategists surveyed in the past week by CNNMoney have an average year-end target for the S&P 500 of ...
USD/CHF stalls at 0.8918
April 7th, 2014
Pair’s Outlook After USD/CHF had broken the resistance near 0.89 (down-trend line and 2012 lows), the pair seems to have lost its bullish momentum. The monthly R1 and 100-day SMA at 0.8928/24 now act as a ceiling and may ...
GBP/USD inclined to move south
April 7th, 2014
Pair’s Outlook GBP/USD fell below a series of supports during the last five trading days, including the monthly PP and 55-day SMA. Accordingly, given that there are no dense demand zones nearby, the Sterling is expected to carry ceding ...
EUR/USD breached 100-day SMA
April 7th, 2014
Pair’s Outlook As EUR/USD closed beneath the 100-day SMA last week, there is a good chance Euro’s depreciation will persist. But the sell-off will then face a number of formidable obstacles, meaning the decline may be short-lived. The first ...
Vivendi Selling SFR to Altice in $23 Billion Deal, Hard-Fought Win for Drahi
April 7th, 2014
Billionaire Patrick Drahi’s Altice (ATC) SA won the bidding contest for Vivendi SA (VIV)’s French phone unit, beating a government-backed offer from Bouygues SA (EN) by agreeing to a deal valued at more than 17 billion euros ($23 billion). ...
NY bank regulator Lawsky seeks documents from Credit Suisse: source
April 7th, 2014
Benjamin Lawsky, New York’s financial services superintendent, has sought documents from Credit Suisse to examine whether Switzerland’s second-biggest bank lied to New York authorities about engineering tax shelters, said a source familiar with the matter. Switzerland’s private banking model ...
Asian Stocks Snap 8-Day Winning Streak Led by Industrials
April 7th, 2014
Asian stocks fell for the first time in nine days, snapping the longest winning streak on the regional gauge this year, with telecommunication and technology shares leading declines. Naver Corp. slumped 6.3 percent in Seoul, SoftBank Corp. lost 4.5 ...
