US Charges Three Chinese Traders With Hacking Law Firms
Three Chinese traders earned more than $4 million in illegal profits after they hacked into the computer systems of prominent U.S. law firms and stole nonpublic information on mergers and acquisitions, according to a federal indictment unsealed on Tuesday. The allegations are the latest alarm bell for law firms, which have long been considered...>> view originalCrude Rally Lifts Commodity Currencies; Bonds Rise: Markets Wrap
Crude Rally Lifts Commodity Currencies; Bonds Rise: Markets Wrap by and December 27, 2016, 6:27 PM EST December 28, 2016, 6:06 AM EST Oil traded near the highest level since July last year while New Zealand’s dollar rose the most among major currencies. European bonds advanced.Crude climbed for an eighth session, the longest streak since 2010, before OPEC and other producing nations start reducing output. The currencies of Australia, New Zealand and Sou..>> view originalChristmas tree recycling options for Tampa Bay cities and counties
TAMPA - For those of you already thinking about getting rid of your Christmas tree, several counties and cities in the Bay Area are offering free pick up and recycling options.City of Tampa - Offering free removal, pick up and recycling of your Christmas tree. Homeowners can place their tree curbsite starting January 3rd. Your pick-up day will be your reguarly scheduled trash collection day. Make sure there are no items still on the tree.Hillsborough County - Homeowners can place trees curbs..>> view originalVietnam sees 2016 growth at 6.2 pct, aided by building boom
A shoeshine man walks past a Prada fashion store in downtown Hanoi, Vietnam, Wednesday, Dec. 28, 2016. Vietnam's economy is forecast to grow 6.2 percent in 2016, helped by a manufacturing and building boom. The General Statistics Office said ...>> view originalQualcomm Faces $853 Million Fine From South Korea Over Alleged Antitrust Violations
SEOUL—A South Korean regulator said it would fine Qualcomm Inc. about $853 million for alleged antitrust violations, the highest such penalty handed to an individual company here, as the U.S. chip maker faces global scrutiny over its patent-licensing business. After a three-year investigation, the Korea Fair Trade Commission said on Wednesday that Qualcomm breached antitrust law by limiting competing chip makers’ access to its patents. The company also forced mobile-phone manufacturers into unf..>> view originalItaly Announces Inevitable Bank Bailout
After Monte Dei Paschi di Siena (MPS) failed to raise enough money for a private recapitalization, the Italian government finally pulled the trigger on an inevitable bailout. Early Friday morning following a cabinet meeting, caretaker Prime Minister Paolo Gentiloni announced an emergency decree to rescue the troubled bank. As part of the plan, the government will provide protection to 40,000 retail investors who own around 40%, or 2 billion euros worth, of MPS bonds. MPS shares tumbled nearly 1..>> view originalJapan's economy may see a light at the end of the tunnel, and it's not a train
Japan's industrial production data, released on Wednesday, may have offered a light at the end of the tunnel for the long stagnant economy. In November, industrial output rose 1.5 percent on month, just a tad below the Reuters forecast for a 1.6 percent rise, up from a flat reading in October. But the big positive was in the details, particularly in inventories, which fell 1.5 percent on-month and 4.8 percent on-year. Izumi Devalier, head of Japan economics at Bank of America-Me..>> view originalWritedown fears wipe $5 billion off Toshiba's value as it weighs options
Pedestrians walk past a logo of Toshiba Corp outside an electronics retailer in Tokyo Thomson Reuters By Makiko Yamazaki TOKYO (Reuters) - A looming writedown at Japanese conglomerate Toshiba Corp has wiped almost $5 billion off its value in two days and prompted a credit rating downgrade on Wednesday, as the company grapples to plug a potential multi-billion dollar hole. Toshiba said late on Tuesday that cost overruns at a U.S. nuclear business it bought from Chica..>> view originalHatchimals hatch into duds for some on Christmas
Hatchimals, perhaps the most sought after toy of the holiday shopping season, left some parents and kids frustrated on Christmas morning. Parents lucky enough to get their hands on the item, which was largely sold out in stores for weeks, are complaining the product doesn't hatch. The toy "hatches" from an egg when children knock, tap, or rub on the shell after about 30 minutes of playtime. The Hatchimal inside responds with lights and sounds and eventually hatches into a creature kids can..>> view originalRising Consumer Confidence Is Driven by High Expectations for Trump
Photo Condominiums under construction in Chicago in October. Home prices have been on the rise nationwide this year. Credit Christopher Dilts/Bloomberg A measure of consumer confidence shot to its highest level in more than 15 years in December as Americans saw more strength ahead in business conditions, stock prices and the job market following the election of Donald J. Trump as president.A separate report showed that house prices continued their steady recovery in Oct..>> view original
Sunday, January 8, 2017
US Charges Three Chinese Traders With Hacking Law Firms and other top stories.
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