Archives
Microsoft Acknowledges Looking Inside Blogger’s Hotmail Inbox And Reading IM To Track Source Of Leaked Company Information
March 21st, 2014
Microsoft (NASDAQ:MSFT) admitted Thursday that it had read the contents of a blogger’s Hotmail inbox in an effort to identify an employee who was suspected of leaking confidential company information. According to John Frank, deputy general counsel for Microsoft, ...
How Suntech, Chinese Solar Giant, Was Snared In An Italian Fraud Scandal
March 21st, 2014
As 2008 began, the future looked brilliant for green energy giant Suntech Power and its high-flying founder, Shi Zhengrong. Suntech was one of the world’s largest makers of solar panels, the first non-state-owned Chinese company traded on the New ...
CySec: regarding the late registration of trusts
March 21st, 2014
The Cyprus Securities and Exchange Commission (‘CySEC’), following its announcement of March 7, 2014 wishes to inform all interested parties that Monday, March 10th was the final date for registering trusts which fall under the transitional period of article 25A(10) ...
Next’s profits set to overtake Marks & Spencer after 12% annual rise
March 21st, 2014
The decline of Marks & Spencer was again brutally underlined on Thursday when Next reported soaring profits that are almost certain to have beaten its venerable high street rival for the first time. After bets on “braver” fashion and ...
Turkey blocks use of Twitter after prime minister attacks social media site
March 21st, 2014
Recep Tayyip Erdoğan threatens to ‘root out’ social media network where wiretapped recordings have been leaked Turkey restricted access to Twitter hours after its prime minister, Recep Tayyip Erdoğan, threatened to “root out” the social media network where wiretapped ...
FASB issues update for private companies on consolidation of variable interest entities
March 21st, 2014
The Financial Accounting Standards Board (FASB) today issued guidance intended to improve private company financial reporting regarding consolidation of lessors in certain common control leasing arrangements. FASB Accounting Standards Update No. 2014-07, Applying Variable Interest Entities Guidance to Common ...
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 ...
