Search Results for: ESMA
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 ...
VAT is Set to Change on 1st Jan 2015 – How Will This Affect Your Business?
April 29th, 2014
VAT rules are set to change in 2015, UK businesses and accountants should now begin to prepare says one analyst. What changes will the new rules concerning VAT bring in the new year? It may seem a while away, ...
Northern Trust Reports SEC Subpoena on Securities Lending
April 29th, 2014
Northern Trust Corp. (NTRS), the third-biggest independent custody bank, said it received a subpoena from the U.S. Securities and Exchange Commission in April related to the company’s securities lending. “Northern Trust will fully cooperate with the SEC in this ...
GE Battles for Alstom as Siemens Wins French Support
April 28th, 2014
Jeffrey Immelt is trying to defend General Electric Co. (GE)’s largest-ever acquisition, after French officials imperiled the attempt by urging Alstom SA (ALO) to consider a rival offer from Germany’s Siemens AG. (SIE) The chief executive officer of GE ...
FCA Said to Observe Banks’ London Gold-Fixing Calls
April 25th, 2014
Regulators are stepping up their scrutiny of how gold prices are set, with officials from Britain’s Financial Conduct Authority visiting Societe Generale SA (GLE) to observe the so-called London fixing process, two people with knowledge of the matter said. ...
Apple, Google, Intel, Adobe Settle Antitrust Hiring Case
April 25th, 2014
Apple Inc. (AAPL), Google Inc. (GOOG), Intel Corp. (INTC), and Adobe Systems Inc. (ADBE) agreed to pay $324 million to settle an employee lawsuit over claims they conspired to suppress salaries by not recruiting one another’s workers, a person ...
EU institutions vulnerable to corruption
April 24th, 2014
Official complacency, complex rules and spotty oversight have left the European Union’s leading institutions vulnerable to corruption, an independent report says. The report, from the non-governmental watchdog organization Transparency International, claims to be the first comprehensive survey of how ...
Obama Says U.S. Ready to Move on Russia Sanctions
April 24th, 2014
President Barack Obama said the U.S. and its allies have additional sanctions against Russia ready to go as the crisis in Ukraine escalated with Ukrainian security forces moving against pro-Russian separatists. Russia has yet to act in the spirit ...
