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Services News

US judge okays $1.8 bn SAC insider-trading settlement

New York - A federal judge Thursday approved an agreement between US criminal prosecutors and SAC Capital to settle charges of insider trading in exchange for $1.8 billion in penalties.
In the Media by AFP

UK watchdog fines Santander bank over mis-advice

London - A British financial watchdog on Wednesday said it had fined Spanish banking giant Santander almost £12.4 million for mis-advising customers.
In the Media by AFP

Nasdaq reorganizes market services to boost global competitiveness

Nasdaq OMX Group <NDAQ.O> said on Monday it is reorganizing its market services business to better compete globally in fixed income, currencies, derivatives and other asset classes.
In the Media by John McCrank (Reuters)

SAC Capital takes new name after insider scandal

New York - SAC Capital founder Steven A.
In the Media by AFP

US services sector slowed by weather in February: ISM

Washington - The US services sector expanded at its slowest pace in three years in February, with harsh winter storms blamed in part, the Institute for Supply Management said Wednesday.The ISM purchasing managers index for the services industry fell to 51.6 from 54...
In the Media by AFP

China's manufacturing, services sectors diverge in February

China's services sector regained some momentum in February but its manufacturing sector struggled, separate surveys showed on Monday, with the divergence adding to the difficulty in assessing the strength o...
In the Media by Adam Rose (Reuters)

Bitcoin users to gather in Tokyo amid MtGox woes

Tokyo - Bitcoin users in Tokyo will gather on Thursday for a meeting set to be dominated by the shuttering of the MtGox exchange amid claims of a multi-million dollar theft.Dozens of members of "Bitcoin Tokyo" are expected to be at their weekly get-together, w...
In the Media by Shingo Ito (AFP)

Randstad profits leap six-fold, sees 'gradual recovery'

The Hague - Dutch temporary employment agency Randstad posted a six-fold profit leap for 2013 on Thursday, saying it was expecting "gradual recovery" this year.The Amsterdam-based group made a net profit of 231 million euros ($316 million) last year, up from 36.7 ...
In the Media by AFP

Former SAC official convicted of insider trading

New York - A New York jury on Thursday convicted a former portfolio manager for SAC Capital of insider trading in the government's latest victory against the once-mighty hedge fund.
In the Media by AFP

Singer Adele honored by Queen Elizabeth II for services to music

Adele was recently honored by Queen Elizabeth II. According to an article from the New York Daily News, Adele is one of 1,180 people that was recognized in the Queen’s Birthday Honors list as the British monarch celebrated her 87th birthday.
In the Media by Markos Papadatos - 4 comments
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