Archive for June, 2010

SEC Bans ‘Pay to Play’ for Advisers

The SEC unanimously adopted a rule that bars investment advisers who want to manage public pension funds from donating to politicians who oversee the funds.  Read More →

UPDATE – US group urges Senate to reject China forex bill (at Reuters)

* Pro and anti groups vie to influence US Senate vote * Groups dispute whether bill violates WTO rules * Groups joust over ability to set correct exchange rate Read More →

Apple’s iPhone ad system raises fears

Initial emphasis on delivering iAds to high-end ‘apps’ will leave out most developers, who also complain that Apple is blocking the use of AdMob, Read More →

Russian Spy Suspect Jumps Bail

Cypriot police said a man arrested on U.S. charges of spying for Russia had vanished after being released on bail. Meanwhile, more details emerged of the early lives in Russia of two others arrested in the case. Read More →

Wall Street sees little gain in levy win

The last-minute decision by the US Congress to scrap a $19bn bank levy to pay for the financial reform bill has left Wall Street nonplussed Read More →

Subsidies for Airbus illegal, says WTO

Financing for Airbus’s next-generation passenger jet has been thrown into doubt after the World Trade Organisation ruled that the A380 superjumbo received illegal export subsidies from European governments Read More →

BP in move to raise more funds

The UK energy group returns to banks looking for additional short-term loans to help tackle its growing liabilities following the oil spill in the Gulf of Mexico Read More →

Fed Officials Offer Dim View of U.S. Recovery

Two officials say the recovery isn't yet strong enough to warrant rate increases and that credit growth is likely to be restrained for years. Read More →

Celgene to Buy Abraxis for $2.9 Billion

Celgene agreed to acquire Abraxis BioScience for at least $2.9 billion in cash and stock, broadening its cancer-drug portfolio.  Read More →

Japanese online retailer speaks English

Rakuten has become the first significant Japanese company to ordain English as the official in-house language, including among local staff Read More →

Sep