Citi Data Theft Points Up a Nagging Problem
By ERIC DASH
Data breaches like the one against Citigroup have been occurring for years, but the financial industry has failed to prevent them.
Muddy Waters Research Is a Thorn to Some Chinese Companies
By DAVID BARBOZA and AZAM AHMED
Muddy Waters Research, an investment firm founded by Carson C. Block, says Chinese reverse-merger companies are shams that need to be exposed.
Troubled Audit Opinions
By FLOYD NORRIS
Requiring more detail from auditors could help investors evaluate Sino-Forest Corporation, a company cleared by Ernst & Young but called a fraud by Muddy Waters Research.
World stock markets mostly down on concerns global growth is slowing
BANGKOK — World stock markets moved lower Friday over concerns global economic growth is slowing, despite news of a narrower U.S. trade deficit that sent Wall Street up after a weeklong slump.
( Associated Press Associated Press , AP)
BANGKOK — World stock markets moved lower Friday over concerns global economic growth is slowing, despite news of a narrower U.S. trade deficit that sent Wall Street up after a weeklong slump.
( Associated Press Associated Press , AP)
Probe finds that NRC head manipulated information to make case for closing proposed nuke dump
WASHINGTON — While he apparently broke no laws, the head of the Nuclear Regulatory Commission withheld and manipulated information to make the case for shutting down the proposed radioactive waste dump at Yucca Mountain in Nevada, according to an internal investigation.( Associated Press Associated Press , AP)
WASHINGTON — While he apparently broke no laws, the head of the Nuclear Regulatory Commission withheld and manipulated information to make the case for shutting down the proposed radioactive waste dump at Yucca Mountain in Nevada, according to an internal investigation.( Associated Press Associated Press , AP)
Dutch government, unions, employers agree to increase retirement age to 67
THE HAGUE, Netherlands — The Dutch government says it has brokered a new pact with unions and employers to lift the retirement age to 67 to ease the financial burden of a graying population and rising life expectancy.
( Associated Press Associated Press , AP)
THE HAGUE, Netherlands — The Dutch government says it has brokered a new pact with unions and employers to lift the retirement age to 67 to ease the financial burden of a graying population and rising life expectancy.
( Associated Press Associated Press , AP)
Lipdub? No. Founders Forum Re-creates Bond Movie Featuring Europe’s Startup Stars
( by TechCrunch.com , TechCrunch.com)
( by TechCrunch.com , TechCrunch.com)
British industrial production slides 1.7 percent in April, far worse than forecast
LONDON — Industrial production in Britain plunged by 1.7 percent in April, far worse than expected and partly due to disruptions caused by the extra public holiday for the Royal Wedding, according to official figures published Friday. ( Associated Press Associated Press , AP)
LONDON — Industrial production in Britain plunged by 1.7 percent in April, far worse than expected and partly due to disruptions caused by the extra public holiday for the Royal Wedding, according to official figures published Friday. ( Associated Press Associated Press , AP)
Groupon Was “The Single Worst Decision I Have Ever Made As A Business Owner”
( by TechCrunch.com , TechCrunch.com)
( by TechCrunch.com , TechCrunch.com)
Morning Market Briefing
After showing a notable move to the upside in the previous session, stocks may give back some ground in early trading on Friday. The major index futures are currently pointing to a moderately lower open on Wall Street, with the Dow futures down by 38 points. (Jun 10, 2011) Full Article
The members of the Bank of Korea monetary policy board on Friday voted to raise interest rates by 25 basis points, from 3.00 percent to 3.25 percent. (Jun 10, 2011) Full Article
China's trade surplus increased in May, but the growth was far below economists' expectations as imports surged along with a cool off in export growth, data from the General Customs Administration showed Friday. (Jun 10, 2011) Full Article
German inflation eased for the first time in nine months in May, as the pace of increase in energy costs slowed, official figures revealed Friday. Nonetheless, inflation continued to stay above the central bank's target. (Jun 10, 2011) Full Article
The euro area has scored well on both low inflation volatility and low output volatility over other advanced economies, European Central Bank President Jean-Claude Trichet said Friday, while warning that there was no room for complacency. (Jun 10, 2011) Full Article
British industrial output fell more than expected in April due to extra public holidays and supply chain disruptions caused by the Japanese earthquake and tsunami, official data showed Friday. (Jun 10, 2011) Full Article
Stock futures off after Chinese trade data, scrapped IPO NEW YORK (Reuters) - Disappointing trade data from China and the scrapping of a large IPO fed into fears about market volatility and the economy on Friday, sending futures lower a day after stocks bounced from a six-day losing streak. | Full Article
Toyota forecasts 35 percent profit slide after quake June 10, 2011 07:51 AM ET TOKYO (Reuters) - Toyota Motor Corp forecast a larger-than-expected 35 percent fall in annual profit on Friday and warned that the strong yen was making it difficult to justify keeping production in Japan. | Full Article
China May trade gap smaller than expected June 10, 2011 05:05 AM ET BEIJING (Reuters) - China posted a smaller-than-expected trade surplus in May of $13.1 billion because of soaring imports and weaker global demand growth, giving mixed signals about how the economy fared when some of its best export customers faltered. | Full Article
Germany sticks to demand for Greek bond swap June 10, 2011 07:47 AM ET BERLIN/ATHENS (Reuters) - European paymaster Germany stuck to its guns on Friday in demanding that private investors contribute to a second bailout for Greece despite a European Central Bank warning against triggering market turmoil. | Full Article
OPEC says oil supply gap looming later this year June 10, 2011 07:30 AM ET LONDON (Reuters) - OPEC, which failed to reach agreement on raising production at a meeting this week, on Friday forecast a tightening world oil market in the rest of 2011, underscoring the need for more supply to meet rising demand. | Full Article
S&P raises gold and base metals price assumptions for 2011
Standard & Poor's has raised its metals price assumptions for 2011 and beyond, citing the increased volatility of the markets but worries about sharp risk of fall in investor demand for gold. Friday , 10 Jun 2011Australian government releases draft of mining profits tax legislation
A draft of mining tax legislation affecting Australia's coal and iron ore miners has been released today. Resource firms can push for changes before bill brought to parliament Friday , 10 Jun 2011Commodity prices should snap higher in H2, dollar unlikely to recover until 2012 - Morgan Stanley
Morgan Stanley does not expect Fed to raise rates for at least another year. Chinese economic growth should be sustained. Euro looking weak Watch US payroll figures for pointers towards QE3. Thursday , 09 Jun 2011Australian minister expects continuing growth in uranium exports despite Fukushima
Australian Mines Minister, Martin Ferguson, expects spending on uranium exploration to increase seeing strong demand for yellowcake despite Japan's nuclear disaster Thursday , 09 Jun 2011Yesterday's top story: Three reasons why gold is going to have a big summer - Embry
As concerns grow once more about the health of the global economy and the nature of gold demand shifts, so the yellow metal is likely to shrug off its traditional summer funk. Wednesday , 08 Jun 2011Three-Month Euribor Climbs To Highest Since April 2009
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