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KPN's America Movil board member sells part of KPN stake
The company logo of Dutch telecoms group KPN is seen on the headquarters in the HagueBRUSSELS (Reuters) - The Chief Financial Officer of Mexico's America Movil has reduced his personal stake in Dutch telecoms group KPN , of which he is a supervisory board member, by more than a quarter, regulatory filings showed on Saturday. Carlos Garcia Moreno Elizondo, one of two America Movil members on KPN's supervisory board, sold about 28.5 percent of his stake in KPN in three transactions and now owns just under 200,000 shares, according to Dutch regulator AFM. ...
Sat, 01 Nov 2014 05:42:58 -0400
J.P. Morgan found hackers through breach of corporate event website: media
JP Morgan Chase & Co sign outside headquarters in New York(Reuters) - J.P. Morgan Chase & Co learned about hackers who stole the bank's contact information for 76 million households and 7 million small businesses through a corporate event that it sponsors, the New York Times and Wall Street Journal reported, citing people familiar with the matter. According to the reports, the bank discovered that the intruders had used some of the same offshore servers to hack both the bank and the website of the JPMorgan Corporate Challenge. ...
Fri, 31 Oct 2014 22:56:21 -0400
Samsung says Microsoft deal invites 'charges of collusion': filing
People pose with mobile devices in front of projection of Samsung logo in this picture illustration taken in ZenicaBy Dan Levine (Reuters) - Samsung said its collaboration with Microsoft on Windows phones raised antitrust problems once Microsoft completed its acquisition of Nokia's handset business, according to a court filing. The filing late on Thursday stems from Microsoft Corp's lawsuit accusing Samsung Electronics Co Ltd of breaching a business collaboration agreement. The lawsuit, filed earlier this year in a New York federal court, says South Korean smartphone company Samsung still owes $6.9 million in interest on more than $1 billion in patent royalties it delayed paying. ...
Fri, 31 Oct 2014 13:03:54 -0400
Foreign access to China's card clearing market next August: report
HONG KONG (Reuters) - Chinese regulators will allow foreign firms access to the yuan-denominated credit card clearing business from August next year, Hong Kong's South China Morning Post newspaper reported on Saturday. The paper quoted a source from China's largest credit card supplier, Goldpac Group, saying People's Bank of China (PBOC) officials had informed them of the date in September. "When the central bank gives a date, they always follow through with that," the source, an unidentified department head, was quoted as saying. ... Fri, 31 Oct 2014 22:52:53 -0400
UBS cannot arbitrate vs Nasdaq over Facebook IPO: court
The falling price of Facebook's stock is seen on a screen reflected in the window of the Nasdaq building in New YorkBy Jonathan Stempel NEW YORK (Reuters) - A divided U.S. appeals court rejected UBS AG's bid to force Nasdaq OMX Group Inc to arbitrate a dispute over the exchange operator's alleged "catastrophic mismanagement" of Facebook Inc's $16 billion initial public offering. The 2nd U.S. Circuit Court of Appeals in New York on Friday said UBS' agreement with Nasdaq to help make a market for Facebook shares did not entitle the Swiss bank to arbitration, in its effort to recoup more than $350 million of losses. ...
Fri, 31 Oct 2014 13:24:13 -0400
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