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US
brokerages face $25m fine for failure to preserve e-mails
New York: Five Wall Street brokerage firms on Tuesday
were fined a total of $8.25m for not preserving e-mail
communications, a discovery made as securities regulators
probed whether analysts were pushed to help win investment
banking business.
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Germany's
jobless claims hit 5-year high
Frankfurt: German unemployment rose to its highest
November level in five years, sources said, ahead of the
jobless data due out on Wednesday, more depressing news
for Chancellor Gerhard Schroeder as his popularity plunges.
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Hinduja
family ranked 3rd richest in Switzerland: Bilan
London: Leading NRI Hinduja family has been ranked
as the third richest family in Switzerland by a financial
magazine in the country, next only to Prince Hans Adam
from Liechtensein and the Latsis Family connected with
banking.
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Asia
struggles to tackle video privacy
Hong Kong: Video piracy in Asia has exploded into
a billion-dollar business as organised gangs elbow out
back-alley operators and fast-evolving technology makes
copying easier than ever, officials said.
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Linux
on desktops will hurt growth: MS
Seatle: Microsoft's chief financial officer John
Connors said on Wednesday that the software giant's future
growth would be hurt if the rival Linux operating system
was to make inroads onto desktop computers.
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