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Barclays Settles U.K. Libor Case Weeks Before Trial to Start
April 8th, 2014
Barclays Plc (BARC) settled the first U.K. lawsuit filed over allegations the bank manipulated Libor, weeks before the trial was scheduled to start. Barclays agreed to restructure the debt of Graiseley Properties Ltd., which filed the lawsuit, as part ...
Excel: The power of mapping
April 7th, 2014
Many financial systems do a fine job of generating standard reports, but accountants often need more. In those cases, accountants can create custom solutions in Excel, but that approach has drawbacks. For instance, a typical process may involve exporting ...
FCA on advisory firms
April 7th, 2014
The Financial Conduct Authority’s (FCA), has issued a press release arguing that too many advisory firms are not being clear with consumers on how much advice costs, the type of service they offer (whether it is restricted and the ...
PwC completes acquisition of Booz & Co
April 7th, 2014
PWC HAS COMPLETED its acquisition of international consultancy business Booz & Co following regulatory and partner approval. Booz & Company is to join PwC and become part of the PwC Network. The consultancy will rebrand to Strategy &, which ...
Pistorius Defense to Call Pathologist as Murder Trial Resumes
April 7th, 2014
Oscar Pistorius’s lawyers plan to call a forensics expert as their opening defense witness before the Paralympic gold medalist testifies in his murder trial. Jan Botha, a pathologist, may be the first to testify as the defense starts its ...
Stock experts say the bull isn’t dead yet
April 7th, 2014
Wall Street professionals are still optimistic about stocks, despite a very volatile start for the markets this year. The 26 investment strategists surveyed in the past week by CNNMoney have an average year-end target for the S&P 500 of ...
Apple, Nestle, NBCUniversal, Netflix: Intellectual Property
April 7th, 2014
Apple Inc. (AAPL), accusing Samsung Electronics Co. (005930) of misleading jurors at the start of a $2 billion trial over smartphone technology, lost its bid to show jurors how it uses three of five patents disputed in the case. ...
Vivendi Selling SFR to Altice in $23 Billion Deal, Hard-Fought Win for Drahi
April 7th, 2014
Billionaire Patrick Drahi’s Altice (ATC) SA won the bidding contest for Vivendi SA (VIV)’s French phone unit, beating a government-backed offer from Bouygues SA (EN) by agreeing to a deal valued at more than 17 billion euros ($23 billion). ...
NY bank regulator Lawsky seeks documents from Credit Suisse: source
April 7th, 2014
Benjamin Lawsky, New York’s financial services superintendent, has sought documents from Credit Suisse to examine whether Switzerland’s second-biggest bank lied to New York authorities about engineering tax shelters, said a source familiar with the matter. Switzerland’s private banking model ...
Asian Stocks Snap 8-Day Winning Streak Led by Industrials
April 7th, 2014
Asian stocks fell for the first time in nine days, snapping the longest winning streak on the regional gauge this year, with telecommunication and technology shares leading declines. Naver Corp. slumped 6.3 percent in Seoul, SoftBank Corp. lost 4.5 ...
