Shyftr Shyftr

Sunday, October 26, 2014

Wall Street Journal

Tycoon Arrested as Vietnam Revives Bank Cleanup

Police in Vietnam have arrested Ha Van Tham on allegations of fraud while chairman of the Ocean Commercial Joint Stock Bank, signaling the Southeast Asian country is reviving its efforts to restructure its banking system.

Big Charge Slams First Niagara

2 days ago
First Niagara Financial Group recorded an $800 million write-down in the third quarter, pushing the regional bank to a large loss for the period.

U.S. to Name New Auto-Safety Chief

2 days ago
The Obama administration is close to naming a permanent top auto-safety regulator amid criticism of the agency’s handling of large air-bag recall, which an administration official on Friday called “suboptimal.”

Indonesia Plays Legal Hardball

2 days ago
Indonesian prosecutors are increasingly bringing criminal charges against employees of large companies for allegedly causing losses to the state, a development that is chilling the business community there.

New Homes' Problem: Price

2 days ago
The gap between the more expensive median price of newly built homes and that of resales has exceeded $70,000 for most of the economic recovery, the widest spread since the Commerce Department and the National Association of Realtors started tracking the figures in 1968.

Deutsche Bank Lawyer Found Dead in Suicide

2 days ago
A senior Deutsche Bank AG regulatory lawyer, Calogero Gambino, has died of a suicide in New York, according to New York City officials and others familiar with the circumstances of his death.

H-P Seeks Buyer for Chinese-Networking Business

2 days ago
H-P is seeking a buyer for its corporate-networking business in China, in a deal that could return the operation to local control, according to people familiar with the situation.

AT&T Risks Losing Prized Wireless Customers

2 days ago
AT&T is enjoying its lowest-ever “churn” rate, but is also facing an uncomfortable situation: up to 10 million of its most lucrative wireless customers may be free to walk out the door.

Roku Working on Plans to File IPO

2 days ago
Roku Inc., maker of streaming media players, TVs, and software, is working on plans to file confidentially for an initial public offering, according to people familiar with the matter.

FCC Delays Auction of TV Airwaves for Mobile Broadband

2 days ago
The Federal Communications Commission said it is delaying to 2016 a highly anticipated spectrum auction in which TV broadcasters will sell airwaves so they can be used for mobile broadband.

Apple iTunes Sees Drop in Music Sales

2 days ago
Digital music sales at Apple iTunes store have fallen 13% to 14% world-wide since the start of the year, according to people familiar with the matter, underscoring the fragility of the music industry’s nascent recovery.

Italian Court Clears Dolce And Gabbana Of Tax Charges

2 days ago
Italy’s highest court cleared fashion designers Domenico Dolce and Stefano Gabbana of tax evasion charges Friday, bringing to an end one of the highest profile tax cases in Italy in recent years.

UPS Sees 11% Jump in December Shipments

2 days ago
UPS said its revenue rose 5.7% in the latest quarter, boosted by a higher number of deliveries from overseas, and added that it expects shipments in December to jump 11% from a year ago.

Colgate-Palmolive Earnings Fall

2 days ago
Colgate-Palmolive Co. said its third-quarter earnings fell 17%, warning that deteriorating foreign exchange rates are weighing on its results.

25 Eurozone Banks to Fail Stress Tests

2 days ago
About 25 eurozone banks failed the European Central Bank’s financial-health checks, although more than half have taken the necessary steps to shore up their balance sheets this year, according to a person familiar with the matter.

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