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Apple in the Dock: $1 Billion Antitrust Claim Casts Steve Jobs as Conspirator

December 2nd, 2014 (0)
In 2005, Mariah Carey had the number one single, “Grey’s Anatomy” was among the hottest shows on television, and Steve Jobs, and Apple Inc.’s iPod, were king. Customers of rival music players marred this shiny prospect for Apple and ...

IASB publishes consultation on controlled pricing and accounting for investments

December 2nd, 2014 (0)
The International Accounting Standards Board (IASB) has published consultation papers on rate regulation and accounting for investments, and updated standards on consolidated financial statements. Rate regulation The IASB discussion paper, Reporting the Financial Effects of Rate Regulation, considers how ...

Crude, Copper and the S&P 500

December 2nd, 2014 (0)
Why the Fed Bubble Is Likely to Burst After more than five years of aggressive accommodation from the world’s central banks, there are many charts that suggest the tremendous run-up in the risk assets during this time period is likely to ...

Russia warns of recession in 2015

December 2nd, 2014 (0)
The Russian government has warned the economy will fall into recession next year as Western sanctions, in response to its role in eastern Ukraine, and falling oil prices begin to bite. Russia’s economic development ministry estimates the economy will ...

Prime Trust directors disqualified and fined

December 2nd, 2014 (0)
The Federal Court today delivered its penalty judgment against 5 former directors of Australian Property Custodian Holdings Ltd (APCHL) who breached their directors’ duties by making an illegal related party payment of more than $30 million. The judgment follows ...

Tesco boss Dave Lewis overhauls management structure amid accounting scandal

December 2nd, 2014 (0)
Tesco’s newly appointed CEO Dave Lewis has overhauled the management structure of the British retailer in the wake of an accounting scandal that led to eight managers being suspended. Lewis will temporarily head UK operations as the current managing ...

Bitcoin Fund Manager Faces HSBC Account Closure

December 2nd, 2014 (0)
Global Advisors, a firm based in Jersey that manages the first regulated bitcoin fund, has been served notice by its bank, HSBC. The firm said it received a notice from HSBC indicating that the company’s bank account would be ...

Hackers launched a destructive cyberattack in the United States

December 2nd, 2014 (0)
The Federal Bureau of Investigation warned U.S. businesses that hackers have used malicious software to launch a destructive cyberattack in the United States, following a devastating breach last week at Sony Pictures Entertainment; more details in article: Sony Pictures hires ...

Gazprom to build new 63 bcm Black Sea pipeline to Turkey instead of S. Stream

December 2nd, 2014 (0)
Gazprom CEO Aleksey Miller said the energy giant will build a massive gas pipeline that will travel from Russia, transit through Turkey, and stop at the Greek border – giving Russia access to the Southern European market. The pipeline ...

Tuesday December 2: OSB Daily Technical Analysis – Indices

December 2nd, 2014 (0)
OSB Daily Technical Analysis for December 2, 2014 The S&P sold off on Monday testing the 2050 area for support. S&P appears well supported in this area and is likely to bounce from here. Further support below in the ...
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