Search Results for: US
ECB on SRM agreement
March 21st, 2014
The European Central Bank has issued a press release welcoming the political agreement reached on the single resolution mechanism (SRM) on Thursday morning. The negotiations between the European Parliament and the European Council produced an SRM that is more ...
Google tries to NSA-proof Gmail
March 21st, 2014
Google just beefed up the security of Gmail to make mass surveillance of its customers’ email nearly impossible. It’s not quite NSA-proof, but it’s close. To accomplish the feat, Google (GOOG, Fortune 500) secured how you connect to its ...
IRS monitor: $1 million phone scam ‘largest ever’
March 21st, 2014
If the phone rings and the caller says he represents the IRS, be suspicious. That’s the warning from federal authorities, who on Thursday said a nationwide phone scam has stolen $1 million from thousands of unsuspecting people. The impostor ...
Mt.Gox finds 200,000 bitcoins in old wallet
March 21st, 2014
Embattled exchange Mt.Gox said Friday that it has found 200,000 bitcoins in a “forgotten” digital wallet — a haul worth $116 million at current prices. Mt.Gox CEO Mark Karpeles said in a statement that the bitcoins had been uncovered ...
Pimco Replaced by TCW as Manager of $1.3 Billion Strategy
March 21st, 2014
Bill Gross’s Pacific Investment Management Co., which suffered record redemptions from its main mutual fund last year, was dropped as manager of a $1.3 billion bond fund offered by Columbia Management Investment Advisers LLC. Columbia replaced Pimco with TCW ...
Asian Stocks Rebound From Biggest Decline in Seven Months
March 21st, 2014
Asian stocks rose, with a regional index of shares outside Japan rebounding from the biggest loss yesterday since August. Li & Fung Ltd. surged 18 percent in Hong Kong after the world’s largest supplier of clothes and toys to ...
Starbucks Aims To Double Market Cap to $100 Billion And Take Over Tea
March 20th, 2014
The world’s biggest coffee chain, Starbucks Corporation (NASDAQ:SBUX), plans to double its market capitalization to $100 billion eventually and dominate the tea industry just as it has with coffee, the company said at its annual shareholder meeting on Wednesday. ...
European IPOs boom as bull market runs
March 20th, 2014
Europe is enjoying a boom in companies going public, driven by rising market confidence and pent-up demand for new shares after a five-year drought. Initial public offerings on exchanges in the U.K., the Netherlands, Denmark and Spain have raised ...
FCA bans and fines trader for manipulating gilt price during QE
March 20th, 2014
The Financial Conduct Authority (FCA), the British financial regulatory authority has announced that Mark Stevenson, a bond trader with nearly 30 years’ experience, has been banned from the industry and fined £662,700 for deliberately manipulating a UK government bond (gilt) ...
IRS Employee Took Home Data on 20,000 Workers at Agency
March 20th, 2014
A U.S. Internal Revenue Service employee took home a computer thumb drive containing unencrypted data on 20,000 fellow workers, the agency said in a statement today. The tax agency’s systems that hold personal data on hundreds of millions of ...
