Regulatory News
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Jury in Tourre trial to resume deliberations Thursday
NEW YORK - Jurors will deliberate for a second day on Thursday over whether to hold former Goldman Sachs Group Inc trader Fabrice Tourre liable for defrauding investors in a complex deal tied to subprime mortgages.
UK watchdog ends inquiry into KPMG audits of BAE
LONDON - Britain's accounting watchdog has dropped its probe into KPMG over its audits of BAE Systems in connection with past corruption allegations at the UK defense contractor.
Ex-UBS rogue trader Adoboli tries again for appeal
LONDON - Former UBS trader Kweku Adoboli has re-submitted his appeal against his fraud conviction after a first attempt was rejected, court officials said.
SEC tightens client rules for broker-dealers
WASHINGTON - The top securities regulator on Wednesday set new rules to protect clients with cash or securities at securities brokers, requiring more disclosure and safeguards from firms including some of Wall Street's largest.
SEC investigating IBM over cloud revenue
NEW YORK - U.S. regulators are investigating how International Business Machines Corp reports revenue from its cloud computing business, the company said on Wednesday.
SEC fines two U.S. investment firms for failure to seek best prices
WASHINGTON - The Securities and Exchange Commission on Wednesday fined two investment advising firms for failing to seek the best prices for their clients and profiting from those violations.
Traders push expectation for first Fed rate hike to 2015
- Traders on Wednesday pushed their expectations for a first interest rate hike from the Federal Reserve into early 2015 after the central bank offered no hint it plans to trim its massive bond-buying program soon.
JP Morgan under investigation in Monte Paschi probe: document
SIENA/MILAN - Italian prosecutors probing Monte dei Paschi's 2007 acquisition of a smaller rival are investigating U.S. investment bank JP Morgan over an alleged crime committed by one of its employees, according to a prosecutors' document.
Goldman Sachs COO says SAC Capital still 'important client': CNBC
NEW YORK - Goldman Sachs' chief operating officer said on Wednesday Steven A. Cohen's embattled hedge fund SAC Capital Advisors was still "a great counterparty" and "an important client" to Goldman.
U.S. judge rejects Fed cap on debit card swipe fees
WASHINGTON - A U.S. judge has sided with retailers seeking a lower cap on fees charged by banks for debit card transactions in a key ruling that dragged down the shares of card companies Visa Inc and MasterCard Inc.
- Financial: COMPLY-When a sales assistant becomes a liability
- Technology: Government requests for Twitter users' data on the rise
- Healthcare: FDA panel recommends over-the-counter use of Sanofi allergy drug
- Consumer: UPDATE 2-Avon profit beats views; offer to settle bribe probe rejected
- Energy: High crude costs weigh on Marathon Petroleum's profit
- Industrials: PRESS DIGEST - British Business - Aug 1
- M&A: Poland picks advisers for listing of power company Energa
- Bankruptcy: UPDATE 2-Cost cuts help Germany's Metro counter weak sales
- IPOs: New Issue-RFF adds 50 mln stg to 2015 bond
- Private Capital: Deals of the day -- mergers and acquisitions
- Hedge Funds: Growth 'survivors' now define emerging markets
Cybersecurity and the board of directors: avoiding personal liability – Part I of III
It is axiomatic that directors have a fiduciary duty to protect their corporation’s important assets. Historically, important assets included mostly tangible items (buildings, machinery, factories) or intangible assets (intellectual property, business plans, customer data) that were stored in physical form, such as on paper or on disk drives.
- Fugitive Snowden slips out of Moscow airport for secret location
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- U.S. jobless claims drop to 5-1/2 year low
- Huge explosion hits Syria's Homs city: video
- Tsvangirai denounces Zimbabwe vote as 'huge farce'
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- Egypt's rulers tell pro-Mursi protesters to quit camps
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- ECB holds rates, confirms no move for 'extended period'
- Spain's Rajoy says he was wrong to trust treasurer in party funding scandal
- Drugmakers fear short-term 'turmoil' as China probes widen
- U.S., Pakistan agree to start new chapter in long-strained relations
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- Assad says sure he will defeat Syrian rebels

