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Jail threat for reckless bankers among proposals to clean up banking system
George Osborne is facing pressure to radically overhaul Britain's banks by introducing a new law to jail bankers for "reckless misconduct" and force bankers to wait up to 10 years to receive their bonuses.The proposals, among the key measures recommended in a major report by the parliamentary commission on banking standards, also include a call on him to consider breaking up the ...
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Jo Swinson proposes streamlined appeals system for businesses
regulators from introducing consumer-friendly measures will be curbed under proposals published by the government on Wednesday.The Business minister, Jo Swinson, is proposing a streamlined appeals system for challenging decisions by the UK's economic regulators, which ...
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Food packaging traffic lights to signal healthy choices on salt fat and sugar
Research found consumers ignored food labels when more than one system was used, such as traffic lights and guideline daily amounts. Photo: Press ...
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Microsoft Dynamics ERP software now available on the Azure cloud
IDG News Service - Microsoft is upping the stakes in the growing market for cloud-based ERP, with its Dynamics GP 2013 and NAV 2013 products now available for deployment on its Azure service. The launch, announced Tuesday, gives customers another option for cloud-based ERP (enterprise resource planning) services besides NetSuite, SAP Business ByDesign and others. It's a bit late in coming, ...
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Fed May Not Be Able to Tame Volatile Trading
"That's how I see it. Tomorrow is dangerous," said Art Cashin, director of NYSE floor operations at UBS. Financial markets always watch the Fed, and they always hang on every word of Fed policy. But the Fed's ...
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Thomas Jackson Judge who tried to split up Microsoft
Thomas Penfield Jackson, who died of cancer on 16 June at the age of 76, was a federal judge in Washington who presided over a Microsoft antitrust case and ordered the software giant to be split up. He also presided over the the drug possession trial of the former Mayor of Washington, Marion ...
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UKs Osborne to unveil future of state-controlled banks
Britain's Chancellor of the Exchequer George Osborne speaks at the Confederation of British Industry (CBI) annual dinner in London May 15, ...
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Dolce and Gabbana face verdict on alleged tax evasion
MILAN (Reuters) - An Italian court is expected to rule on Wednesday on whether legendary fashion duo Domenico Dolce and Stefano Gabbana should be sent to prison for allegedly hiding hundreds of millions of euros from the tax ...
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Dish abandons Sprint bid to focus on Clearwire
Workers build a booth for Dish, a satellite TV provider, as they prepare for the International CES show at the Las Vegas Convention Center in Las Vegas, Nevada January 4, ...
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The equity markets have been in a seesaw recently
The appetite for risk improved cautiously in the US on Tuesday, as the market hunted for clues from the Fed meeting ending Wednesday. The equity markets have been in a seesaw recently while trying to gauge the Fed's pace of tempering its quantitative easing.The foreign currencies ended divergently again on Tuesday. Euro and franc ended higher, and the yen, pound and the commodity currencies ...
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Fewer Canadian businesses forecasting more losses Conference Board
OTTAWA -- Many Canadian businesses are still struggling to turn a profit, although fewer are forecasting more losses, according to the Conference Board of Canada. The Ottawa-based think-tank said Tuesday its profitability index rose by 0.1 points in May -- the smallest increase in nine months. The board said profit increases, while meager, are being supported by "stronger performances in ...
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Scotia ‘failed to comply with trading supervision obligations’ IIROC settlement
Scotia Capital Inc., the capital markets division of Bank of Nova Scotia, has agreed to pay a fine of $150,000 to settle allegations it failed to implement policies and procedures to prevent and detect potential wash trades and artificial pricing transactions related to high closing. Scotia "admitted that it failed to comply with its trading supervision obligations," according to a ...
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Jeep No Recall But New Trailer Hitches
Chrysler said today that due to customers’ ';raised concerns'; it would add or replace trailer hitches on some older model Jeeps now at the center of a safety debate between the automaker and the U.S. government. Mike Palese, a Chrysler spokesman, told ABC News today that the trailer hitch would ';provide more ability to absorb some crash forces'; in rear-impact ...
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U.S. lawmakers urge careful review of American-US Airways deal
WASHINGTON, June 18 | Tue Jun 18, 2013 7:21pm EDT WASHINGTON, June 18 (Reuters) - Two U.S. lawmakers with antitrust oversight have urged the Obama administration to carefully review a planned merger of American Airlines and US Airways Group to ensure that it will not lead to higher prices for air travelers. US Airways announced on Feb. 14 that it planned to buy American Airlines ...
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Australia shares seen bouncing on strong Wall St weaker A$
SYDNEY, June 19 (Reuters) - Australian shares are expected to rebound on Wednesday, after Wall Street rose for a second straight day as investors bet the Federal Reserve will maintain its stimulus support for the world's biggest economy. A weaker Australian dollar may also benefit stocks with overseas exposure. * Local share price index futures rose 0.7 percent to 4,855.0, a 40.6-point ...
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Hewlett-Packard moves printer PC executive Bradley into new job
on Tuesday named Todd Bradley, the head of its largest unit, printing and personal computers, to take on the new job of improving the company's China business and extending distribution partner relationships around the world.Bradley, who was among the people considered for the chief executive post after the ouster of Mark Hurd in 2010, will also work with CEO Meg Whitman to identify ...
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Microsoft says it freed millions of computers from criminal botnet
Reuters © People visit the Microsoft booth at the 2013 Computex exhibition at the TWTC Nangang exhibition hall in Taipei June 4, 2013. REUTERS/Pichi ...
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Survey CRE professionals still leery about recovery
Commercial real estate folks are just a tiny bit hesitant to call the recent recovery a hearty one in their business. That, according to the seventh semi-annual Minnesota Commercial Real Estate Survey, which was released by the University of St. Thomas' Shenehon Center for Real Estate on Tuesday. The results, tallied from a group of 50 CRE experts locally who work in development, finance ...
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Fallon loses Cadillac account
Minneapolis ad agency and the iconic American luxury vehicle maker have parted ways after a nearly three-year relationship when Cadillac decided to go in a different marketing ...
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DreamWorks says TV revenue to hit $200M by 2015
LOS ANGELES - DreamWorks Animation SKG Inc. says its new deal to provide original TV shows to Netflix will help it double the revenue it gets from TV shows to $200 million by 2015.DreamWorks expects $100 million in TV revenue this year. The Glendale, Calif., company released the figures in a call with analysts Tuesday.The deal to supply Netflix Inc. with 300 hours of new TV shows over several ...
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Coca-Cola Leveraging Social To Drive Leadership in Social Media Marketing
Coca-Cola.FM and live-streaming music events, Coca-Cola has shown the world how revolutionary they can be and how this type of marketing evokes emotional, long-lasting customer engagement. ...
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‘Full-Speed Ahead’ Before Fed Meeting
S&P 500 appears poised to post gains, StockMonster's Guy Adami said Tuesday. "I don't think there's going to be any taper talk at all," he said. "They've come this far, the Fed, why would they back off now? So, I think it's going to be full-speed ahead. Technically, the market's intact. I think we make a push up to that 1,687 level." On ...
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Obama ‘Essentially Fired’ Bernanke Meyer
President Barack Obama "essentially fired" Fed Chairman Ben Bernanke in televised remarks this week, former Federal Reserve Governor Laurence Meyer ...
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Google Puts Consumers at Risk AGs Say
Google to change the way its search engine displays results. Mississippi Attorney General Jim Hood hasn't filed any charges against the search giant,but he has accused Google of helping facilitate the sale of illegal goods--from prescriptions to counterfeit music. Frustrated with the company's inaction, Hood announced on Tuesday that he will subpoena Google's business records to ...
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In praise of older workers Carlos Slim
Mexican tycoon Carlos Slim, among the richest people in the world with a fortune of $73 billion, says that workers in developed countries reach their prime at 60. Billionaire Carlos Slim, age 73, says workers--those in developed economies, anyway--are at their prime in their 60s and there is no reason for them to retire. "When you have an industrial economy like in the past where ...
Osaka Digest
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Osaka sees first InterContinental hotel built
Osaka is a major travel destination within Japan and the wider Asian region for business travelers and leisure tourists alike. The city is an economic powerhouse and part of the backbone of the Japanese economy. It makes sense for InterContinental to finally open a hotel here then.
Osaka is the second command center of the Japanese economy after Tokyo, with a daytime and nighttime population that reflects the massive draw of the city as an economic powerhouse. Read more
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