The Traderszone Network

Deutsche Bank AG’s manipulation of Libor spanned eight years in offices around the world, involving at least 29 employees who rigged the price of money for millions of borrowers in an effort to make a quick profit.

CME Group Inc. concluded within four days of the 2010 flash crash that algorithmic trading on futures exchanges didn’t exacerbate losses in the market.

Amazon exec says 10 years from now the company’s profile will be more about its Web Services division than e-commerce.

An index of Asian shares rose to fresh seven-year highs on Friday, on track for a weekly gain after Nasdaq rose to a record, while the dollar stuck to recent ranges after more lackluster U.S. economic data. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.2 percent, after marking its highest level since January 2008. Japan’s Nikkei stock index (.N225) was down 0.7 percent after hitting a 15-year peak on Thursday, but was still up nearly 2 percent for the week.

read more

Its new record close of 5,056.06 capped a slow, unsteady climb since it touched a 2002 low of 1,114.11, that spanned an economic recession, the rise of biotech and social media and the explosive growth of mobile phones that has helped make Apple Inc (AAPL.O) the most valuable company in the United States. The Nasdaq traded as high as 5,073.091 on Thursday, led by shares of Apple, which has been among the biggest positive influences on the index in recent years.

While revenue and profit missed the forecasts of Wall Street analysts, many investors had been bracing for a weaker report, said BGC Financial analyst Colin Gillis. The company has faced challenges in mobile advertising and is running up more expenses as it invests in new businesses. Analysts on average had expected revenue of $17.5 billion, according to Thomson Reuters I/B/E/S. The rising dollar took a toll on results at Google, which generates about half of its revenue overseas.

Sales of Windows to computer manufacturers to install on new PCs fell 19 percent in the quarter, reflecting a sharp dip from a year ago when Windows got a brief boost from consumers rushing to buy new machines after Microsoft stopped support for the 14-year-old XP operating system. Microsoft’s overall revenue rose 6 percent to $21.7 billion, above Wall Street’s average forecast of $21.1 billion, according to Thomson Reuters I/B/E/S. Taking out the effects of the strong U.S. dollar on currency rates, Microsoft said revenue would have risen 9 percent.