Search Results for: EY
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 ...
The Return of Moderation: Sea of Tranquility
May 29th, 2014
Volatility has disappeared from the economy and markets. That could be a problem. A decade ago, the business cycle was an endangered species. Recessions in the rich world had become rare, shallow and short; inflation was predictably low and ...
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 ...
BP asks judge to freeze Gulf of Mexico spill payouts
May 29th, 2014
BP has asked a US judge to allow it to halt paying compensation claims while it waits for the US Supreme Court to review its settlement with businesses over the 2010 Gulf of Mexico oil spill. BP is unhappy ...
Tesco and China Resources Enterprise agree on retail deal
May 29th, 2014
Tesco has come into a deal with the state-run China Resources Enterprise (CRE) in order to start the largest food retailer in China. The joint venture will combine Tesco’s 131 outlets in the country with CRE’s almost 3,000 stores, ...
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 ...
SAC Prosecutor Tells SEC Cohen’s Case Should Be Delayed
May 29th, 2014
An administrative proceeding filed against SAC Capital Advisors LP founder Steven A. Cohen by the Securities and Exchange Commission should be put on hold because prosecutions of his former employees aren’t fully resolved, the government told an agency judge. ...
FCA warning against clone firm
May 28th, 2014
The Financial Conduct Authority (FCA), the British financial regulatory authority, has issued a warning informing the investors that “Assiprime Euro Brokering” is the clone firm of “Assiprime Euro Brokering Srl”, thus, is not permitted to provide any financial services or ...
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 ...