Search Results for: US Fed
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 ...
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 ...
Asian Stocks Rebound From Biggest Decline in Seven Months
March 21st, 2014
Asian stocks rose, with a regional index of shares outside Japan rebounding from the biggest loss yesterday since August. Li & Fung Ltd. surged 18 percent in Hong Kong after the world’s largest supplier of clothes and toys to ...
SEC Charges Stockbroker and Law Firm Managing Clerk
March 20th, 2014
The Securities and Exchange Commission charged a stockbroker and a managing clerk at a law firm with insider trading around more than a dozen mergers or other corporate transactions for illicit profits of $5.6 million during a four-year period. ...
Stocks slump on Yellen rate hike remark
March 20th, 2014
Investors weren’t too thrilled by what they heard from Janet Yellen during her first meeting in charge of the Fed. The Dow fell more than 100 points, while the S&P 500 and Nasdaq also finished lower. Stocks were relatively ...
Son-in-law’s testimony quotes bin Laden after 9/11: ‘We are the ones who did it’
March 20th, 2014
The defendant’s testimony in a stilled Manhattan courtroom Wednesday took a federal jury half a world and many years away, to a mountain cave in the desolation of Afghanistan, to the hours after the September 11, 2001, terror attacks. ...
Q&A: Counting the cost of the new £1 coin
March 19th, 2014
The Royal Mint is taking on the counterfeiters by replacing the humble £1 coin – but businesses say there is a flipside In today’s budget, the UK Chancellor, George Osborne, will announce the replacement of the £1 coin from ...
Hacker Andrew ‘Weev’ Auernheimer attempts to overturn conviction
March 19th, 2014
Lawyers say conviction under Computer Fraud and Abuse Act is flawed and raises questions for civil liberties online Lawyers for hacker Andrew “Weev” Auernheimer, who is serving a 41-month prison sentence, will appear in a US court on Wednesday ...
Former Qwest CEO’s Forfeited Insider Trading Gains May Be Tax Deductible
March 19th, 2014
A federal court may allow the convicted former chief of a telecommunications company to deduct more than $44 million from his taxes after he was forced to forfeit the amount of stock gains he realized from insider trading. Joseph ...
