SEC Pressed on Firms' Cyberattack Disclosures Posted: 11 May 2011 05:10 PM PDT A group of U.S. lawmakers wants the SEC to push companies to disclose when they have fallen victim to cyberattacks. |
Asia Lower on Wall St Drop, Volatility Across Assets Posted: 11 May 2011 07:58 PM PDT Asian stock markets were lower, dragged by a sharp drop on Wall Street on Wednesday, which was precipitated by a tumble in energy markets. |
Oil CEOs on the Hot Seat Posted: 11 May 2011 07:47 PM PDT With gas prices above $4 a gallon in much of the country, Democrats and Republicans are squaring off over whether to cut tax credits for oil companies enjoying a banner profit year, or let the industry drill more. |
Xinhua Finance Founders Indicted Posted: 11 May 2011 06:01 PM PDT Loretta Fredy Bush, who became well known in Asia as the American chief executive of Xinhua Finance, was indicted on U.S. fraud charges along with two associates stemming from their management of the Shanghai-based information services firm. |
Bill Proposes Mortgage Shake-Up Posted: 11 May 2011 07:51 PM PDT Two lawmakers are set to unveil legislation to replace Fannie Mae and Freddie Mac with at least five private companies that would issue mortgage-backed securities with explicit federal guarantees. |
Ratings Firms Notch Legal Victory Posted: 11 May 2011 05:37 PM PDT Ratings firms won another victory against legal claims that they should be held responsible for billions of dollars in losses suffered by investors during the financial crisis. |
Nuclear Plants to Submit Plans in Case of 'Extreme Event' Posted: 11 May 2011 02:47 PM PDT The U.S. Nuclear Regulatory Commission told the operators of nuclear plants to provide information about their plans to respond to "extreme events," saying it would use the information as it reviews its safety regime after a nuclear crisis in Japan. |
China Blunts Germany's Edge Posted: 11 May 2011 06:51 PM PDT Growing competition from China is spurring German machinery makers to reassess how to preserve an edge that has made their industry a linchpin of the country's export-driven economy. |
Fee Splits at Groupon Vary Posted: 11 May 2011 07:09 PM PDT Groupon keeps proceeds from unclaimed coupons sold through its overseas affiliates, giving it bigger commissions on U.K. deals than it collects in the U.S. |
SEC Probes State Street Trading Posted: 11 May 2011 04:59 PM PDT The SEC is investigating State Street's foreign-exchange trading for pension funds in a sign that law enforcement probes into bank currency transactions are widening. |
DuPont to Add Titanium-Dioxide Plant Posted: 11 May 2011 03:54 PM PDT DuPont said it plans to to start a new titanium-dioxide plant in 2015 as a global shortage of the pigment pushes up prices. |
Cisco Predicts More Hardship, Further Cuts Posted: 11 May 2011 06:22 PM PDT Cisco reported another drop in quarterly earnings and said it plans to cut more jobs in the wake of execution problems that continue to dog the big networking-equipment company. |
Former Consultant Pleads Guilty in Expert-Network Probe Posted: 11 May 2011 03:19 PM PDT A former outside consultant to expert-networking firm Primary Global Research pleaded guilty to improperly sharing nonpublic information about the technology company where he worked. |
Google to Launch Chrome Laptops Posted: 11 May 2011 02:06 PM PDT Google introduced laptops based on its Chrome operating system that will be made by Acer and Samsung and go on sale next month starting at $349. |
April Budget Gap $40.49 Billion Posted: 11 May 2011 12:05 PM PDT U.S. government revenue grew in April, but its budget deficit kept widening on mounting interest payments and entitlement spending. |
CME Halts Crude, Gasoline Trading Posted: 11 May 2011 10:18 AM PDT CME Group halted trading in crude oil, heating oil and gasoline futures for the first time in more than two years due to a trading limit, amid price volatility in the energy markets. |
Yahoo Discloses Alipay Stake Restructuring Posted: 11 May 2011 07:07 PM PDT Yahoo disclosed that China's Alibaba Group has transferred ownership of its online-payments business Alipay to a new company controlled by Alibaba CEO Jack Ma. |
AT&T Defends T-Mobile Posted: 11 May 2011 08:01 PM PDT Sprint Nextel said the planned takeover of T-Mobile by AT&T threatened its future as a standalone company, while AT&T's chief defended the ambitious $39 billion before skeptical lawmakers. |
Jury Convicts Galleon Founder Rajaratnam Posted: 11 May 2011 08:12 AM PDT A federal jury convicted Galleon Group founder Raj Rajaratnam on all 14 counts of securities fraud and conspiracy, providing the U.S. with a significant win in a push to prosecute insider trading on Wall Street and in corporate America. |
Intel Raises Dividend 16% Posted: 11 May 2011 08:12 AM PDT Intel raised its quarterly dividend 16%, the second increase in the past six months. |