» Credit Suisse investment banker held over alleged securities fraud
Written by : Jun Shen |  Published on : 11:03:01EST Fri, 04 May 2007

An investment banker from Credit Suisse Securities USA LLC has been charged by U.S. prosecutors with conspiracy and fraud allegedly involving leaking tips on nine acquisitions to investors and thereby capitalizing on it.

» Apple's ex-CFO says he warned Jobs on stock option grant implications
Written by : Paco Tyee |  Published on : 01:51:00EST Wed, 25 Apr 2007

Fred Anderson, former chief financial officer of Apple Inc., has implicated the company's chief executive Steve Jobs in the controversial grant of backdated stock options in 2001.

» U.S. to file WTO cases against China over piracy
Written by : Kavindra Rani |  Published on : 04:36:00EST Tue, 10 Apr 2007

The United States is filing two cases against China at the World Trade Organization over piracy of copyrighted software, movies, music and books and for enforcing restrictions on U.S. companies offering legitimate products.

» AMD may miss Q1 sales forecast, plans cost cuts
Written by : Waddah Yaman |  Published on : 02:12:00EST Tue, 10 Apr 2007

Chipmaker Advanced Micro Devices Inc. said Monday its first quarter sales will fall below the market expectations mainly on account of the price cuts it effected in order to survive in a highly competitive environment.

» U.S. education department official found having stocks in student loan company
Written by : Paul Robinson |  Published on : 03:21:01EST Fri, 06 Apr 2007

A senior official of the U.S. education department held shares in a student loan company and even sold the holding for $100,000 while he supervised lenders participating in the federal student loan program, according to New York state attorney general's office.

» Lloyds TSB launches Muslim bank account
Written by : Paco Tyee |  Published on : 11:30:00EST Tue, 03 Apr 2007

Lloyds TSB Group Plc has introduced a business bank account compliant with the Islamic law in all its 2,000 branches.

» Illinois governor's proposal to tax small businesses criticized
Written by : Paco Tyee |  Published on : 03:51:00EST Mon, 19 Mar 2007

Illinois governor Rod R. Blagojevich's proposal to introduce a gross receipts tax on businesses in the state to help fund educational initiatives and a healthcare plan for the citizens has led to a major outcry among business establishments in the state.

» Citigroup offers to buy troubled Japanese brokerage Nikko Cordial
Written by : Paco Tyee |  Published on : 10:57:01EST Tue, 06 Mar 2007

Citigroup Inc. said Tuesday it has offered $10.8 billion for Japan's ailing brokerage firm Nikko Cordial. This will be the biggest ever acquisition of a Japanese security firm by a foreign company.

» UK retail sales growth gains momentum in February
Written by : Waddah Yaman |  Published on : 10:33:00EST Tue, 06 Mar 2007

Growth in retail sales in February had been at its fastest pace since mid-2006, according to a study by the British Retail Consortium Tuesday, which also gave ample indications the increases in bank rates had little impact on spending.

» Buy-to-let sector poised for growth, says new study
Written by : Waddah Yaman |  Published on : 08:36:00EST Tue, 06 Mar 2007

A change in the basic attitude of Britons to rent accommodation rather than buy a home is leading to a major surge in the buy-to-let investment in the country over the next 10 years, a study by mortgage firm Alliance & Leicester indicated.