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News & Updates

April 2, 2014 Two Britons Charged in Deutsche Bank-Related CO2 Tax Probe

Source: Bloomberg

Frankfurt prosecutors charged two U.K. citizens in a tax-evasion probe that also ensnared two of the highest-ranking officials at Deutsche Bank AG. (DBK) The British pair, aged 36 and 39, were accused of being part of a gang...

April 2, 2014 Chicago tackles pension problem with tax hike, benefits cut

Source: CNBC

Chicago Mayor Rahm Emanuel proposed raising property taxes and reducing retirement benefits for some city workers in order to ease a severe pension funding problem, according to details of the plan released by his office on...

April 2, 2014 Stocks: Pushing cautiously onto new ground

CNN Money - Markets look ready to grind higher Wednesday, as investors make a cautious push into uncharted territory. U.S. stock futures were edging up, and global markets posted gains, after the S&P 500 closed at an all-time...

April 2, 2014 Judge orders Mt Gox CEO to U.S. for questions on failed bitcoin exchange

Source: Reuters

The chief executive of Japan's Mt. Gox, once the world's leading bitcoin exchange, was ordered to the United States to answer questions related to its U.S. bankruptcy case, filed after the company lost $400 million of customers'...

April 2, 2014 Is High-Frequency Trading as Bad as Michael Lewis Wants You to Think?

Source: The Wire

"The United States stock market, the most iconic market in global capitalism, is rigged." So says author Michael Lewis in his new book about Wall Street (and in the most quotable part of his recent 60 Minutes segment.) But...

April 2, 2014 World Bank's Kim Announces $100 Billion in Increased Lending Capacity

The World Bank - World Bank Group President Jim Yong Kim announces a series of measures aimed at strengthening the World Bank Group's mission to end extreme poverty -- including a $100 billion increase in the lending capacity to...

April 2, 2014 Automakers had a dynamite March

Source: Columbus Dispatch

A thaw in the weather began to bring buyers back to showrooms, which allowed General Motors, Ford, Toyota, Nissan and Chrysler to top analysts’ estimates for March sales.

April 2, 2014 JPMorgan Assailed by Russia as Bank Blocks Payment

Source: Bloomberg

JPMorgan Chase & Co. (JPM) blocked a payment involving a Russian embassy, a decision described as “illegal and absurd” by the Foreign Ministry in Moscow. The biggest U.S. bank thwarted a remittance from the Russian embassy in...

April 2, 2014 Caterpillar Bulldozes Tax Code Like Apple, Google & Facebook, Senators Allege

Source: Forbes

Caterpillar sidestepped $2.4 billion in U.S. taxes over 13 years by shifting profits to Switzerland, claims a report by the Senate Permanent Subcommittee on Investigation. Senator Carl Levin (D-MI) grilled execs and...

April 1, 2014 Should you ditch funds that hold on to their cash'

Yahoo Finance UK and Ireland - âGiven the Isa rule changes, savers can now put a portion of their overall portfolio into a cash Isa and get a much ... âexpensiveâ shares for the sake of it. âIt is part of...

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