Search Results for: Fed
ECB Wades Into Currency Wars But Needs Reform Backing
September 8th, 2014
The European Central Bank spent a long time being a noncombatant in the global currency wars. But it has decisively entered the fray as it seeks to boost its balance sheet by €1 trillion ($1.294 trillion) through fresh loans ...
Solid U.S. employment growth eyed in August
September 5th, 2014
U.S. job growth likely accelerated a bit in August and the unemployment rate probably fell to 6.1 percent, offering fresh evidence of sustained momentum in the economy. The government reported last month that the economy added 209,000 jobs in ...
Gold Drops Sharply Below $1260 as U.S. Dollar Rallies
September 5th, 2014
Gold prices settled lower on Thursday as brighter prospects for the U.S. economy and the dollar dimmed the metal’s appeal. Bullion got little impetus from the European Central Bank’s dramatic decision to cut three separate interest rates, as well ...
Getty Images taking Microsoft to court
September 5th, 2014
Microsoft has launched a new online product that Getty Images says allows website publishers to embed digital photographs on their sites and is a “massive infringement” of copyrighted images, the photo agency claimed in a lawsuit filed in federal ...
Bitcoin trader admits unlicensed money transfers
September 5th, 2014
The operator of an exchange for the virtual currency Bitcoin has pleaded guilty to running an unlicensed money transmitting business. Charlie Shrem from BitInstant.com admitted the charges in a New York federal court hearing. Another Bitcoin trader, Robert Faiella, ...
At Trial, Arab Bank’s Lawyer Spars With Witness
September 5th, 2014
For three days, the former chief of the Israeli military’s Palestinian Affairs Department delivered important, if a bit dry, testimony in the terrorism financing trial of Arab Bank in Federal District Court in Brooklyn. The witness, Arieh Spitzen, had ...
Martoma’s insider-trading conviction upheld
September 5th, 2014
The insider trading conviction of former SAC Capital portfolio manager Mathew Martoma was upheld Thursday by a federal judge. Dealing a legal setback to the former financial lieutenant for billionaire hedge fund manager Steven Cohen, U.S. District Court Judge ...
Halliburton Agrees To Pay $1.1 Billion To Avoid Future Claims
September 4th, 2014
Halliburton Co. has reached a settlement in U.S. District Court in New Orleans to pay $1.1 billion to resolve most of the claims against it arising from the Deepwater Horizon oil spill in the Gulf of Mexico in a ...
Regulators set rules meant to ward off bank crisis
September 4th, 2014
Federal regulators are requiring big banks to keep enough high-quality assets on hand to survive during a severe downturn, the latest move under congressional mandate to lessen the likelihood of another financial meltdown. The Federal Reserve adopted rules on ...
Scammers posing as IRS agents extort $5 million
September 4th, 2014
Callers posing as Internal Revenue Service (IRS) agents have stolen $80,000 from Arizona residents since January in a nationwide scam that continues to grow both in volume and in threat. Federal authorities said Wednesday that as many as 1,100 ...
