Archives
Advisers concerned about capacity to meet demand
May 2nd, 2014
Accountants are concerned that they will fail to cope with client demands as the economy improves, according to a new survey. Six in ten (61%) of advisers believe they might not have the capacity to meet to meet increasing ...
BTC/USD Technical Analysis
May 2nd, 2014
Bitcoin this morning failed to close above a key Fibonacci level, resulting in some bears pulling rug from under the bulls’ feet. Will the bulls fight back? Possibly – the weekend will see to that. Let’s take a closer ...
AstraZeneca rejects the bid from Pfizer
May 2nd, 2014
The board of pharmaceutical company AstraZeneca on Friday flatly rejected drug maker Pfizer’s sweetened takeover offer just hours after it was levelled, describing it as inadequate. Pfizer Inc., the maker of Viagra, offered 50 pounds ($84) a share in ...
Pfizer bids $106.5 Billion for AstraZeneca
May 2nd, 2014
Pfizer Inc. (PFE) sweetened its bid for AstraZeneca Plc (AZN) to about 63.1 billion pounds ($106.5 billion), aiming to bring the U.K.’s second-biggest drugmaker to the negotiating table. The cash-and-stock offer values AstraZeneca at 50 pounds a share in ...
E.U’s economy is growing due to Germany and Italy manufacturing
May 2nd, 2014
Euro-area manufacturing grew at the fastest pace in three months in April on accelerating expansion in Germany and Italy, evidence the currency bloc’s recovery remains on track. A Purchasing Managers’ Index increased to 53.4 from 53 in March, Markit ...
MoJ rules out further reform of legal services regulation
May 2nd, 2014
The government has ruled out immediate further changes to the framework for legal services regulation following the wide-ranging review launched by the Ministry of Justice last June. In a ministerial statement today, justice minister Shailesh Vara said the consultation ...
Energy Future Packs Three Courtrooms at First Hearing
May 2nd, 2014
It took three courtrooms to accommodate the lawyers, advisers and observers gathered for the first hearing in Energy Future Holdings Corp.’s bankruptcy in Wilmington, Delaware. That still left the main courtroom with standing room only. Given the clamor over ...
Google Sued Over Claims for manipulating the market
May 2nd, 2014
Google Inc. (GOOG) was sued for allegedly abusing its market power by forcing handheld device makers that use its Android operating system to also provide the search engine company’s applications. Google’s requirements that manufacturers such as Samsung Electronics Co. ...
SEC Fines NYSE for rule violations
May 2nd, 2014
The New York Stock Exchange’s $4.5 million penalty for oversight violations represents the Securities and Exchange Commission’s first salvo since Michael Lewis reignited scrutiny of market structure. NYSE, which was bought by IntercontinentalExchange Group Inc. (ICE) last year, agreed ...
Alstom to consider $17bn General Electric offer
April 30th, 2014
French engineering company Alstom is considering a $16.9bn (£10bn) offer from US firm General Electric (GE) for its energy business. But the French firm said it would be open to a rival bid from German firm Siemens, which is ...
