Trading on Nasdaq securities stopped due to technical issues August 22, 2013 US stock exchanges today stopped trading in all securities listed on the Nasdaq due to a technical issue in the data feed providing market data for Nasdaq-listed securities. Nasdaq-listed stocks represent about 28 per cent of all shares traded so far this month, according to BATS Global Markets. Companies listed on the Nasdaq include Apple, [...]
Rebekah Brooks phone hacking trial delayed by seven weeks August 22, 2013 The trial of former News International chief executive Rebekah Brooks has been delayed by seven weeks. Brooks and a number of other defendants – including her husband Charlie, her former secretary Cheryl Carter, and prime minister David Cameron’s former head of communications Andy Coulson – were due to face charges relating to phone hacking in [...]
Israeli forces deny retaliation following missile attack from Lebanon August 22, 2013 The Israel Defence Force (IDF) has denied earlier reports from local media sourcesthat it retaliated with artillery fire towards Lebanon following the launch of rockets from the country into Northern Israel. Earlier today, at least three Katuysha rockets were fired from Lebanon into areas near Kiryat Shemona and the coastal city of Nahariya, with one [...]
US leading economic indicator improves more than expected August 22, 2013 The Conference Board’s leading indicator rose by 0.6 per cent month-on-month in July, beating expectations. This follows no change in June and a 0.3 per cent increase in May. Analysts had expected to see an increase of 0.5 per cent (release). The leading indicator measures future trends of overall economic activity, taking into account employment, [...]
US house prices grow again in June August 22, 2013 US house prices rose by more than expected in July, according to official data (release). The Federal Reserve’s housing price index rose by 0.7 per cent in July compared to the month before, following a revised 0.8 per cent increase in the month to June. Analysts had expected to see a bigger slowdown to 0.6 [...]
Italian opposition leader says president should step down and early elections called August 22, 2013 The leader of Italy's Five-Star opposition movement Beppe Grillo has called for Italian president Giorgio Napolitano to resign as soon as possible, and said early elections should be held. Writing on his blog, Grillo said that the current government has caused "the failure of this country". There is the possibility of new elections, to turn [...]
John Lewis to pay £40m to compensate underpaid staff August 22, 2013 John Lewis has admitted it made a mistake in the payment of staff working on Sundays and bank holidays under the Working Time Regulations, which will cost them around £40m in repayments and related expenses. The retailer said a recent review of holiday pay policy revealed staff who receive certain additions to pay – like [...]
Slow store traffic weighs on Abercrombie profits August 22, 2013 Teen fashion retailer Abercrombie & Fitch has reported a worse-than-expected ten per cent drop in comparable sales in the second quarter. The company said less people visiting stores and a lack of interest in its women’s clothing was behind the fall (release). For the year to date, comparable sales are down by 12 per cent. [...]
Yahoo overtakes Google as most viewed website – now it just needs to make money from it August 22, 2013 Yahoo has overtaken Google as the site with the most traffic in the US, according to statistics from comScore. Unique visitors to Yahoo rose to 196.6m in July – up 21 per cent from the year before. Unique visitors to Google sites (including YouTube) increased by less than one per cent to 192.3m. Microsoft sites [...]
Rabobank reports drop in profits after “difficult first half” August 22, 2013 Dutch lender Rabobank has reported a 14 per cent drop in net profit in the first half of the year following slow growth in its home market and the provision for settlements with regulators over alleged interest rate manipulation (release). Net profit fell to €1.112bn (£950m) in the first six months of the year from [...]