Search Results for: US
Alibaba’s Behemoth IPO Making Few Ripples in Washington
July 11th, 2014
Alibaba Group Holding Ltd. (BABA)’s proposal for what could be the largest initial stock offering in U.S. history is sailing through Washington with few bumps. While a federal commission has warned that the offering by the world’s biggest Internet ...
Reynolds and Lorillard to reshape Big Tobacco with merger
July 11th, 2014
Reynolds American and Lorillard are in the final stages of agreeing a complex merger that will reshape Big Tobacco by bringing together two of the three largest US operators with a combined market capitalisation of $56bn. The deal will ...
Rangers tax case: questions over HMRC’s motivation
July 11th, 2014
Her Majesty’s Revenue and Customs (HMRC) on Wednesday lost its latest legal fight over a claim that Rangers were liable for a £46.2 million bill over the club’s use of a scheme to make payments to its employees. Placing ...
Netagio Launches Exchange for Gold, Sterling and Bitcoin Traders
July 11th, 2014
Bitcoin storage firm Netagio has today launched an exchange that allows users to trade bitcoin, pounds sterling and gold. The exchange offers users three order-books, allowing trades between bitcoin and gold, bitcoin and sterling, and gold and sterling. “ ...
Economists downgrade forecasts for U.S. growth
July 11th, 2014
U.S. business economists have sharply cut their growth forecasts for the April-June quarter and 2014, though they remain optimistic that the economy will rebound from a dismal first quarter. A survey by the National Association of Business Economics, released ...
Global stock markets hit by Portuguese bank concerns
July 11th, 2014
Stock markets in Europe and the US have fallen over concerns about the health of one of Portugal’s biggest banks. Shares in Banco Espirito Santo were suspended after falling 17% following concerns about accounting irregularities at its parent group. ...
Asian Stocks Slip With Won on Portugal as Gold Holds Gain
July 11th, 2014
Asia’s benchmark stock index headed for its first weekly loss since May 9, the cost of insuring bonds in the region climbed and the yen maintained gains with gold amid concern that Europe’s debt problems haven’t been resolved. South ...
Fischer opposes proposals to break up banks
July 11th, 2014
New Federal Reserve Bank Vice Chairman Stanley Fischer says financial reform in the U.S. “is making significant progress in strengthening the financial system,” and he casts doubt on proposals to break up the largest banks, according to a speech ...
Asian shares track Wall St. lower, yen gains
July 11th, 2014
Asian shares recouped early losses on Friday as sentiment in the region proved resilient to Portuguese bank concerns amid signs offshore funds were returning to emerging world assets. MSCI’s broadest index of Asia-Pacific shares outside Japan recovered to be ...
Amazon Sued Over Billing for App Store Purchases
July 11th, 2014
Settling isn’t the Amazon way, whether the dispute is with book publishers or the federal government. The Federal Trade Commission on Thursday filed a suit in a Federal District Court in Seattle, contending that Amazon improperly billed customers for ...
