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Financial Markets

Releases published in the last 30 days.

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The Million Dollar Holiday
11/27/2014 11:05:15 AM
Chances are, if you are on holidays, you are by the coast. When you’re relaxed it’s very easy to get caught up in the romance of owning your own piece of paradise. Tread carefully! The reality is that you will spend some, if not most, of your precious holiday time maintaining your holiday home, so your holiday can quickly become all about someone else’s holiday. You may …
Whistleblower Seeks Supreme Court Review in Controversial Iraqi War Defense Contracting Fraud Case
11/26/2014 3:26:51 PM
Washington, D.C. November 25, 2014. A whistleblower who formally worked for the giant defense contractor, Kellogg Brown and Root (KBR) has filed a petition for a writ of  certiorari  to the U.S. Supreme Court seeking review of a highly controversial ruling by the U.S. Court of Appeals for the D.C. Circuit permitting corporations to hide documentation of fraud obtained in …
Infineon Acquires a 9.4 Percent Stake in PCB Manufacturer Schweizer Electronic
11/26/2014 1:04:14 PM
The semiconductor manufacturer Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) and the printed circuit board (PCB) manufacturer Schweizer Electronic AG (FSE: SCE) announced today that Infineon will acquire a 9.4 percent stake in Schweizer. The relevant contracts were concluded today. Both companies agreed on strict confidentiality on the terms By investing into Schweizer …
The Carlyle Group and Old Mutual Private Equity to acquire 100% of Tiger Automotive
11/26/2014 11:27:03 AM
Global Alternative Asset Manager The Carlyle Group (NASDAQ: CG) and Old Mutual Private Equity today announced that they have agreed to acquire 100% of South African tyre retailer and wholesaler Tiger Automotive (TiAuto) from Ethos Private Equity and the founders. Funding for this investment will come from the Carlyle Sub-Saharan Africa Fund and Old Mutual Private Equity Fund …
Deutsche Telekom and Orange are having exploratory discussions with BT
11/26/2014 10:43:21 AM
Deutsche Telekom AG and Orange SA, the joint shareholders of EE Ltd, regularly analyse the development of the market in which EE operates, evaluating various strategic options which have the potential to create value for EE’s shareholders and strengthen the market position of EE. As one of these options, Deutsche Telekom AG and Orange SA are having  highly preliminary …
KBR Compelled To Release Internal Reports Documenting Iraq War Contracting Fraud
11/24/2014 6:01:58 PM
Washington, D.C. November 24, 2014. A U.S District Court judge has ordered defense contractor Kellogg Brown & Root (KBR), the massive multinational company responsible for many of the construction projects in the Iraq war, to turn over incriminating documents prepared as part of an internal investigation of multi-million dollar war contracting fraud. The order to produce …
Credit Suisse publishes “Wealth patterns among the top 5% of African-Americans,” a comprehensive study on wealth creation and wealth management among the nation’s wealthiest African-Americans
11/21/2014 12:33:39 PM
Credit Suisse, in collaboration with Brandeis University’s Institute on Assets and Social Policy (IASP), today published “Wealth patterns among the top 5% of African-Americans,” a study on wealth creation and wealth management among the nation’s wealthiest African-Americans as measured by net worth. The study shows that the top 5% of African-Americans invest a greater …
Deutsche Bank Partners with the Global Alliance for Clean Cookstoves to Mobilize USD 100 Million in New Investments
11/21/2014 12:30:19 PM
Deutsche Bank today announced, in partnership with Bank of America, the Global Alliance for Clean Cookstoves, development finance institutions and private investors, a continued commitment to investment in the clean cooking sector through creating a USD 100 million fund to support social enterprises that advance and deploy clean cookstove solutions. To help finance …
FERC Approves Merger of Exelon and PHI Holdings Inc.
11/21/2014 9:30:41 AM
The Federal Energy Regulatory Commission (FERC) yesterday approved the proposed merger of Exelon Corporation (NYSE: EXC) and Pepco Holdings Inc. (NYSE: POM). The companies announced their proposed merger on April 30. The combination of the companies will bring together Exelon’s three electric and gas utilities – BGE, ComEd and PECO – and Pepco Holdings’ (PHI’s) three electric …
Kering completes the acquisition of the haute horlogerie brand Ulysse Nardin
11/21/2014 9:20:03 AM
Kering announced today that it has completed the acquisition of the haute horlogerie brand Ulysse Nardin, in accordance with the terms announced on 30 July, 2014, after having received clearance from the antitrust authorities. About Ulysse Nardin Swiss Watch Manufacturer Ulysse Nardin, founded in 1846, has been dedicated to excellence for over 168 years in …
Motorola Solutions to Present at Dec. 2 Credit Suisse Annual Technology Conference
11/21/2014 9:15:10 AM
Motorola Solutions, Inc. (NYSE: MSI) today announced that Gino Bonanotte, executive vice president and chief financial officer, will speak at the Credit Suisse Annual Technology Conference on Tuesday, Dec. 2, in Scottsdale, Ariz. The presentation will begin at approximately 11 a.m. Mountain Standard Time and will be webcast live at www.motorolasolutions.com/investor. A …
Lawmakers Press KBR On Gagging Whistleblowers
11/20/2014 6:15:40 PM
Kohn, Kohn and Colapinto’s landmark case,  In re: Kellogg Brown & Root, Inc., et al. , continues to make headlines as members of Congress are joining KKC’s battle aimed at halting the use of non-disclosures agreements to silence whistleblowers.  Members of Congress called on  KBR CEO Stuart Bradie  to come forward with information about the company’s non-disclosure …
ING Vysya Bank to merge with Kotak Mahindra Bank
11/20/2014 10:06:09 AM
ING Vysya Bank (Vysya) and Kotak Mahindra Bank (Kotak) today announced their intention to merge their respective businesses. The combination of their businesses will lead to a strengthened position as one of India’s leading privately held banks, with a wider geographical spread and enhanced expertise across customer segments and product categories. With a current …
Overall Tax Cost and Compliance Burden Lower for Business Around the World
11/20/2014 9:46:51 AM
Paying taxes has become easier over the past year for medium-sized companies around the world, the latest report from the World Bank Group and PwC finds. The time it takes an average company to meet its tax obligations dropped by four hours last year, according to the Paying Taxes 2015 study. The report also revealed that the total amount the average company paid in taxes and …
Best Selling Book “Fanatical at Liberty” – free for one more day
11/20/2014 6:00:00 AM
Liberty Tax is going more than the extra mile to provide jobs, feed the hungry, and empower those who are struggling. As the year winds down, Liberty Tax is gearing up to transform your community. This year, Liberty Publishing, LLC will launch its first book, Fanatical at Liberty , highlighting the unique culture of Liberty Tax. The commitment to give back begins with the …
CodeNow Kicks Off National Coding Program with First Partner: Bloomberg
11/19/2014 7:25:50 PM
CodeNow , a nonprofit focused on teaching underrepresented youth to code, is announcing an exciting partnership with Bloomberg LP today, the first in a series of high-level collaborations that will bring its curriculum to thousands of students nationwide. As part of the partnership, CodeNow’s next NYC coding workshop will be powered by Bloomberg and led by the company’s …
PSE proposes enhancements to trading rules
11/19/2014 11:00:43 AM
The Philippine Stock Exchange (PSE) has posted for public comments its proposed revisions to its trading rules to enhance risk management processes  and in preparation for new order types that may be introduced after the adoption of the new trading platform PSETrade XTS.  This new trading system is developed by NASDAQ OMX, a global exchange technology solutions provider, and …
Delphi to Present at Barclays Global Automotive Conference Thursday
11/19/2014 10:33:30 AM
Delphi Automotive PLC (NYSE: DLPH) will present at the Barclays Global Automotive Conference, November 20, in New York City. Delphi’s Chief Operating Officer, Kevin Clark, and Chief Financial Officer, Mark Murphy, are scheduled to present at 10:45 a.m. ET. A simultaneous audio/video webcast of the presentation will be available on the Delphi Investor Relations website at …
SEC Whistleblower Office Continues Big Improvements
11/19/2014 9:46:07 AM
Washington, D.C. November 19, 2014.  On Monday the U.S. Securities and Exchange Commission Office of the Whistleblower released its FY 2014 Annual Report.  The report, required by Congress, documented significant improvements in the SEC’s whistleblower program, leading the National Whistleblower Center to point to the SEC program as a model for other federal agencies to …
90% of Consumers in Asia Pacific Strive to be “Rainy Day” Ready
11/18/2014 9:52:12 AM
TWEET: 90% of #APAC consumers strive 2 be rainy day ready; but some struggle 2 save – Latest #MasterCard money mgmnt surveyhttp://mstr.cd/1wN0BlM Ninety percent of people in the Asia Pacific region are planning to either save the same or more over the coming six months found the latest Consumer Purchasing Priorities – Money Management survey, released today by …