25 February, 2015 by The TZ Newswire Staff Comments Off on Tougher Internet rules to hit cable, telecoms companies
Tougher Internet rules to hit cable, telecoms companies
U.S. regulators are poised to impose the toughest rules yet on Internet service providers, aiming to ensure fair treatment of all web traffic through their networks. The Federal Communications Commission is expected Thursday to approve Chairman Tom Wheeler’s proposed “net neutrality” rules, regulating broadband providers more heavily than in the past and restricting their power to control download speeds on the web, for instance by potentially giving preference to companies that can afford to pay more.
25 February, 2015 by The TZ Newswire Staff Comments Off on Boeing, FedEx battle back vs U.S. airlines on Gulf competition
Boeing, FedEx battle back vs U.S. airlines on Gulf competition
Delta Air Lines Inc (DAL.N), United and American Airlines have asked the White House to look into the financial statements of competitors from Qatar and the United Arab Emirates, which they accuse of receiving more than $40 billion in government subsidies since 2004.
25 February, 2015 by The TZ Newswire Staff Comments Off on Brent drops toward $61 as U.S. crude stocks rise
Brent drops toward $61 as U.S. crude stocks rise
Brent crude fell toward $61 per barrel on Thursday, after a sharp rally in the previous session, as bulging U.S. crude stockpiles offset indications of a recovery in demand. Oil prices on both sides of the Atlantic recorded their largest percentage gains in nearly two weeks at Wednesday’s settlement, boosted by improved views on global oil demand from the Saudi oil minister and better-than-expected China data.
25 February, 2015 by The TZ Newswire Staff Comments Off on Asian shares slip from five-month high, dollar steadies
Asian shares slip from five-month high, dollar steadies
Asian shares prices edged away from five-month highs on Thursday, while the dollar steadied after slipping on Federal Reserve Chair Janet Yellen’s indication that the U.S. central bank is in no hurry to hike interest rates. Greece remained in focus after the country said on Wednesday it will struggle to make debt repayments to the International Monetary Fund and the European Central Bank this year while Germany’s finance minister voiced open doubts about Athens’ trustworthiness.
25 February, 2015 by The TZ Newswire Staff Comments Off on Citigroup unit probed by more authorities over money laundering
Citigroup unit probed by more authorities over money laundering
Citigroup Inc (C.N) said additional government authorities have started probes of possible breaches of anti-money laundering laws at its Banamex USA unit. The Financial Crimes Enforcement Network, a unit of the U.S. Treasury, and the California Department of Business Oversight have asked the company for information on its compliance with the Bank Secrecy Act and anti-money laundering rules, Citigroup disclosed in an annual filing with the U.S. Securities and Exchange Commission on Wednesday.
25 February, 2015 by The TZ Newswire Staff Comments Off on SEC probes companies’ treatment of whistleblowers: WSJ
SEC probes companies’ treatment of whistleblowers: WSJ
The inquiries come as SEC officials have expressed concern about a possible corporate backlash against whistleblowers, the newspaper said. It couldn’t be determined how many or which companies were sent the letters or what penalties the SEC could potentially levy in the probe, the Journal said. Reuters could not immediately reach the SEC for comment. The 2010 Dodd-Frank Wall Street reform law gave the SEC the power to start a whistleblower program that lets the agency reward people who report misconduct, if that tip leads to the collection of more than $1 million in monetary sanctions.
25 February, 2015 by The TZ Newswire Staff Comments Off on Citigroup to be latest to embrace proxy reform for shareholders
Citigroup to be latest to embrace proxy reform for shareholders
Citigroup Inc (C.N) said it will support a rule change to make it easier for shareholders to nominate directors, making it the latest large company to embrace the controversial reform. James McRitchie, a private shareholder who often files corporate governance resolutions, said on Wednesday that Citigroup officials told him they will back a proposal he submitted for a vote at the company’s annual meeting in April. A bank representative confirmed it will support the shareholder resolution.