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News & Updates
September 4, 2014 How stolen credit cards are fenced on the Dark WebSource: USA Today
Credit card data stolen from retailers such as Target, Sally Beauty Supply, P.F. Chang's, and now perhaps Home Depot, are flooding into underground hacker forums where customers' card numbers, names and addresses can be sold for...
September 4, 2014 Fed reports growthSource: Dallas Morning News
WASHINGTON — The U.S. economy strengthened in all regions of the country in July and August, in areas from consumer spending to auto sales to tourism, the Federal Reserve reported in a survey released Wednesday. All 12 of the...
September 4, 2014 Automakers Buoying U.S. With Most Sales Since 2006: CarsSource: Bloomberg
When the U.S. economy tanked six years ago, Detroit led the way, as auto chieftains trooped to Washington to ask for a bailout. In a reversal, the car industry is now driving the growth.
September 4, 2014 U.S. Regulators Tighten Swaps Collateral RegulationsSource: Bloomberg
U.S. financial regulators eased proposed collateral requirements for swaps traded between banks, manufacturers and other firms by seeking to limit the impact on smaller companies and global liquidity.
September 3, 2014 Former CEO Calls Executive Pay ‘Extreme,’ Says Own Pay Was ‘Ludicrous’Source: Mint Press News
David Dillon, the former CEO of the supermarket chain Kroger, told the audience of an Aspen Ideas festival that his pay in his last year on the job, which clocked in at nearly $13 million, “even seems ludicrous to me.”
September 3, 2014 Markets rally on potential Ukraine ceasefireSource: IG
After a modest open, Europe has had a major kick-start as news of a ceasefire agreement in the Ukraine hits the wires.
September 3, 2014 Halliburton reaches $1.1bn settlement over Deepwater Horizon oil spillSource: The Guardian
Halliburton Co, North America’s top oilfield services provider, said it reached a $1.1bn settlement for a majority of claims related to its role in BP’s fatal oil spill in the Gulf of Mexico in 2010.
September 3, 2014 Former NSA Chief Says JPMorgan Hack May Be a WarningSource: Bloomberg
Hackers who stole gigabytes of data from JPMorgan Chase & Co. may have been trying to send a message that U.S. financial institutions can be disrupted, the former director of the National Security Agency said.
September 2, 2014 Britain's top bosses earn '143 times more' than staff
Economic Times - The think-tank carried out the study using pay figures from company reports and data from the Pensions Investment Research Consultants.
September 2, 2014 How to fix wealth inequalitySource: CNN Money
The ability to transfer wealth from one generation to the next is the driving force behind ending intergenerational poverty.
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