Acxiom under transparency fire
An effort to bring transparency to the shadowy world of consumer data brokers has backfired, as privacy advocates slam industry leader Acxiom for a new service that for the first time lets consumers glimpse what it knows about them. “Secrecy is never a good strategy,” Scott Howe, chief executive of Acxiom, told the Financial Times.
Puma crash ‘no evidence’ of failure
UK investigators probing a crash by a Super Puma helicopter into the North Sea said on Thursday they had so far found no evidence of “technical failure”. “To date, no evidence of a causal technical failure has been identified; however detailed examination of the [flight data recorder] and the helicopter wreckage is continuing,” said the AAIB.
Watchdog launches Batista probe
Brazil’s market regulator, CVM, has launched a formal investigation into the dealings of Eike Batista and executives at OGX as anger grows among investors over the near-collapse of his flagship oil company. CVM said yesterday it had opened an inquiry into whether Brazil’s former richest man had broken market rules regulating the disclosure of information. OGX declined to comment on the lawsuit and the CVM inquiry, adding that it had not been informed of the investigation. Batista and Mr Ammar could not be reached for comment.
Regulator calls as Nasdaq stumbles
A glitch that hit trading on the Nasdaq stock exchange for the second time in recent weeks has raised questions about whether US regulators should step in to shake up the industry. Data about the prices of thousands of stocks listed on Nasdaq unexpectedly stopped being processed for five minutes on Wednesday.
Grey pounds make £25m at Coopers
One of Britain’s largest privately owned mail-order companies has been sold to a French clothing distributor for £25m, making the founding family – Neil and Kate Cooper – multimillionaires.
The Daily Telegraph
Fresh fears over North Sea safety
An extensive programme of repairs could be needed across North Sea oil and gas operations in light of emerging evidence of causes of last year’s Elgin gas leak, experts have warned.
UK breakup not in Scottish interests
Sir Mike Rake has used his first speech as CBI president to warn that the break up of the UK would be expensive and create “economic dislocation”. Speaking at the CBI Scotland annual dinner in Glasgow, the BT chairman said he remains unconvinced that independence would be a good economic move for the Scottish.
THE WALL STREET JOURNAL
Apple testing a six inch iPhone
The electronics giant has begun evaluating a plan to offer iPhones with screens ranging from 4.8 inches to as high as 6 inches, people familiar with the matter say. That would be a sizable leap from the 4-inch screen of the iPhone 5 released last year, and, at the upper end, would be one of the largest on the market.
America Movil May Pull KPN Offer
Carlos Slim’s America Movil has threatened to walk away from its €7.2bn takeover of Dutch telecom operator Royal KPN if the deal is blocked by a shareholder foundation.