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Chadbourne elects Giaccia as new managing partner

Global law firm Chadbourne & Parke has elected Andrew A. Giaccia as its new managing partner.

US dollar’s status under threat as China expands trade settlements in yuan

Once yuan becomes fully convertible, countries importing Chinese goods will invariably have to have a reserve of yuan. And they will have to build up a yuan reserve by offloading their dollar reserves. If a major chunk of ASEAN and Latin American countries take this path, it will seriously dent the greenback's status as the global reserve currency.

Cloud computing: US government sanctions 'cloud-first' as key IT strategy

The White House Office of Management and Budget (OMB) has adopted cloud-first policy as part of its IT strategy for government agencies.

Top Pre-Market NASDAQ Gainers (KUTV, FNSR, SGMO, WTSLA, OXPS)

The top pre-market NASDAQ stock market gainers are: Ku6 Media, Finisar, Sangamo Biosciences,Wet Seal, optionsXpress Holdings, Rediff.com India, JA Solar Holdings, Magic Software Enterprises, SodaStream International, and Aruba Networks.

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TUI Travel posts full-year loss on weak UK trading

Europe's biggest tour operator TUI Travel reported a full-year pretax loss, blaming weaker trading in the UK, mainly due to increased winter losses resulting from capacity-led volume reductions. However, underlying pretax profit rose 4 percent on good turnaround progress.

Freshfields appoints Colin Hargreaves to head global tax practice

Global law firm Freshfields Bruckhaus Deringer has boosted its tax practice by appointing London-based Colin Hargreaves as its new global head of tax.

Traders work on the floor of the New York Stock Exchange

Stocks rally sharply on batch of strong economic data

Stocks rallied sharply on a slew of good economic data, including jobs, productivity and regional growth.

File photo of Yellen arriving at the Jackson Hole Economic Symposium in Wyoming

Full-Text: Fed member Janet Yellen’s speech in New York

The full-text of the speech given by Fed Vice Chairman Janet L. Yellen at the Committee for Economic Development 2010 International Counterparts Conference in New York on Dec. 1, 2010

Law enforcement officials carry boxes marked "Evidence" out of the building housing Loch Capital Management in Boston, Massachusetts November 22, 2010

FBI cracks down on insider trading, raids hedge funds in three states

The Federal Bureau of Investigation (FBI) stormed into offices of three large hedge funds in New York, Connecticut and Massachusetts and seized documents in a string of raids that is being billed as a crackdown on insider trading by hedge funds, mutual funds and investment bankers.

Visa credit cards are displayed in Washington

Credit card delinquencies falling; fewer people using credit cards

Credit card delinquencies are falling in the U.S. as millions of consumers have simply stopped using their credit cards.

Congress Eyes Do Not Track Law

Congress is looking at whether a do not track law, while internet advertisers and web software companies craft a response.

Motorola sets split-off date on Jan. 4

Motorola, Inc. (MOT) said it has reduced the time frame for its plan to separate handset and cable set-top box businesses Motorola Mobility Holdings, Inc. from the company to January next year.

GAO finds gaps in wireless security at federal agencies

The U.S. Government Accountability Office found several gaps in the security of wireless networks used by federal agencies and made several recommendations to enhance safety, according to a report published on Tuesday.

Sage annual pretax profits rise 20 pct

British software maker Sage Group said it saw a return to organic revenue growth in the second half and improving market for its services. The company, which added 252,000 customers in the year, said support contract renewals were maintained at 81 percent.

WilmerHale names successors of co-managing partners

Law firm WilmerHale has named Susan W. Murley and Robert T. Novick as co-managing partners for a three-year term effective from January 1, 2012.

A drilling platform is moored offshore in the Dead Sea

Dead Sea air laden with oxidized mercury

The air above the Dead Sea contains very high levels of oxidized mercury, which are of major concern to humans, scientists say.

Volvo C70 goes electric

The Volvo C70 has been converted into electric with a battery-electric powertrain by a Swedish company called Electroengine.

A Seagate 3 terabyte external hard drive

Seagate ending buyout talks not a surprise: analyst

Seagate' announcement that it has ended talks with private equity group over taking the company private is not exactly a surprise, an analyst with ThinkEquity said.

Oppenheimer starts China's ShangPharma with outperform

Oppenheimer has initiated coverage on China's ShangPharma with an outperform rating and price target of $17, saying the company is well positioned to benefit from the rising Chinese clinical/contract research organization (CRO) industry.

Indian economy growth exceeds expectations

The Indian economy outpaced growth expectations in the third quarter to grow more than in the second quarter, boosted by stronger manufacturing growth and construction, according to data released by the government.

Top After-Market NASDAQ Losers (ZOLT, STX, MAXY, COMV, CMED)

The top after-market NASDAQ stock market losers are: Zoltek Companies, Seagate Technology, Maxygen, Comverge, China Medical Technologies, Porter Bancorp, TICC Capital, Approach Resources, Shanda Games, and Johnson Outdoors.

Gold Hunger in China further bolstered by approval of first Gold Fund

Now institutional investors in China can join the gold buying frenzy as well, which retail investors and the Chinese central bank are already engaged in. China approved the country's first mutual fund that bets on gold prices, as inflation fears fuel demand for the precious metal.