Search Results for: Fed
The Case of the Missing White-Collar Criminal
June 23rd, 2014
The senior executives who played leading roles in the 2008 financial crisis can breathe a sigh of relief: If any committed crimes, the statute of limitations will run out for most of them this year. It’s safe to say ...
Hedge-Fund Hack Part of Bigger Siege: Cyber-Experts
June 23rd, 2014
The attack on a U.S. hedge fund’s network, which a cybersecurity contractor said last week disrupted the firm’s high-speed trading and stole its data, is but one among many. That is the assessment of more than a half-dozen computer ...
Commodities market overview
June 20th, 2014
A summary of trading in key commodities markets overseas: ENERGY Oil prices soared on escalating violence in Iraq, as government troops recaptured a major refinery and the US said it was sending in military advisers to train Iraqi forces. ...
Utah Court Imposes over $44 Million in Sanctions for Commodity Pool Fraud and Misappropriation
June 20th, 2014
The U.S. Commodity Futures Trading Commission (CFTC) obtained a federal court Order requiring Defendants Robert J. Andres of Houston, Texas, his company, Winsome Investment Trust (Winsome), Robert L. Holloway of San Diego, California, and his company US Ventures LC ...
US court rejects Gemalto’s Android patent lawsuit
June 20th, 2014
Gemalto NV, the French digital security company, said on Friday that the US Court of Appeals for the Federal Circuit rejected its patent claim relating to the Android smart phone operating platform. Gemalto, which makes smart cards, filed a ...
IMF calls on ECB to consider quantitative easing
June 19th, 2014
The International Monetary Fund is expected to sound the alarm on Thursday over the risk of deflation within the eurozone and to urge the European Central Bank to consider US-style quantitative easing, including “large-scale” purchases of sovereign bonds, to ...
US central bank cuts growth forecast for 2014
June 19th, 2014
The US Federal Reserve has cut its growth forecast for 2014 because of the harsh winter weather. The central bank is now predicting growth of between 2.1% and 2.3% for this year, down from its March forecast of 2.8% ...
China Blocks European Shipping Pact, Sending Maersk Down
June 18th, 2014
A.P. Moeller-Maersk A/S (MAERSKB) said it is working on alternative plans to cut costs and address overcapacity in the freighter market after Chinese regulators unexpectedly blocked formation of a global shipping alliance. “We have different tools in our toolbox ...
Bankruptcy protection for bitcoin exchange Mt Gox
June 18th, 2014
The failed Tokyo-based bitcoin exchange, Mt Gox, received court approval on Tuesday to begin Chapter 15 bankruptcy proceedings in the United States as it awaits approval of a settlement with U.S. customers and a sale of its business. Mt ...
Brent holds above $113 amid Iraq violence
June 18th, 2014
Brent crude held above $113 per barrel on Wednesday as heavy fighting in Iraq shut the country’s biggest refinery and led to the withdrawal of staff by foreign oil firms, stoking worries about exports from the key oil producer. ...
