Headlines on Tap

 

 

Curated by Dev Odedra.

 

 

Log In | Subscribe | | |

The value of client data is demonstrated by the case of a San Jose law firm. A clerk stole data and used it to forge credit applications. And it was not the only professional business targeted.

CoNet Section: 

The UK's Financial Services Authority has fined Credit Suisse, Getco Europe and Instanet Europe for failing to put in place measures to aid the FSA in identifying possible market abuse.

BIScom Subsection: 

David B. Stocker, a lawyer in Phoenix, Arizona, pleaded guilty on11 March 11, 2009, in U.S. District Court in Alexandria, Virginia., for his participation in a stock manipulation conspiracy known as a "pump-and-dump" scheme. On 12 March 2010 (yes, a year later) Stocker has been sentenced.

BIScom Subsection: 

The UK's Lloyds Banking Group took on a huge loan book when it took over the rapidly imploding HBOS group that included Halifax and Bank of Scotland. Halifax was the UK's largest mortgage lender. And now it's offering a helping hand to those who can afford to pay off their loans more quickly.

BIScom Subsection: 

The Securities and Exchange Commission has obtained an emergency court order to shut down a Ponzi scheme targeting retirees in California and Illinois by inviting them to estate planning seminars and later coaxing them to buy promissory notes for purported Turkish investments.

Bryan Edwards

What's the main difference between Bahrain and Melbourne? It's not the dust: there was plenty of that in both countries. We think Bernie and the FIA have a plan...

The USA lumps all kinds of insolvency proceedings under the single heading of "bankruptcy" and so its headline figures are misleading. But behind the headline figure - that there was a near-30% increase in 2009 as against 2008 - there are some trends that indicate a deep malaise in the US economy - and signs that there's still a long way to go before bad debt has returned to actuarially acceptable levels.

CoNet Section: 

It was a car that generated lust or nausea: born as the road-going equivalent of a military vehicle, Hummer wanted to be the Jeep of the 21st Century. It was a car that, had the idea arisen today, would never have been born. And with its Tonka-toy styling, its ridiculous demand for real-estate in the middle of a busy road and a fuel consumption that only oil-rich show-offs could realistically afford, there is little doubt that it was doomed.

CoNet Section: 

There used to be a game to make up versions of names for airlines and car manufacturers. For Lotus, it was said that the name was an acronym for "Lots of trouble, usually serious". Not any more - and the little factory in Norfolk remains a hotbed of innovation. Amongst its projects is serious work on hybrids.

Stuff a Prius - how about a hybrid Evora?

CoNet Section: 

Is it big brother or logical safety? Toyota is to fit a "brake over-ride" system to all new models starting with the 2011 model year. What will it do?

CoNet Section: 

It's been a game of brinkmanship with one of the world's best brands almost disappearing. But at last an deal has been done that allows the Swedish government to guarantee a loan that will support the purchase of SAAB from GM by Spyker of the Netherlands.

CoNet Section: 

Spyker and GM have said little about the terms of the deal which, at last, rescued SAAB from imminent closure. But pieces of information are coming together.

CoNet Section: 

The Australian Securities and Investments Commission has obtained the suspension by the Companies Auditors and Liquidators Disciplinary Board of Dean Royston McVeigh for 18 months, preventing him acting as liquidator or voluntary administrator.

CoNet Section: 

It's beginning to look as if Toyota simply had no disaster plan. It took a year to decide that the sticky pedal was a real problem, and only last week they said the Prius wasn't affected. It is now. And the sharks are circling as a litigation bandwagon starts to roll. But not all faults are attributable to cars.

CoNet Section: 

Australian law firm Clayton Utz has, this morning, announced that 14 partners have resigned. They will join a newly established office of London-based giant Allen & Overy.

CoNet Section: 

Pages

hahagotcha