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Global cyber crime ring smashed after millions stolen

The indictment unsealed in Nevada marks the first time the Justice Department has arrested anyone in connection with Infraud, which Mr Rybecki called one of the largest worldwide cybercrime rings. The criminal group operated from an online forum, through which users could offer or buy illicit services, including malware capable of data breaches.

Business

DeVere officially launches cryptocurrency app with bold Bitcoin predictions

A spokeswoman for Chase bank said it is not now processing credit card purchases of cryptocurrencies because of the volatility and risk involved, while a Citi spokeswoman confirmed a similar ban, but did not give a reason. China is planning on taking these regulations even further by banning access to foreign digital currency markets. And more fraud losses can spell a major headache and financial hit for credit card companies.

Business

BP earnings double on larger oil value

BP posted group underlying RC profit of USD6.17 billion for 2017, more than double 2016's USD2.59 billion, and ahead of company provided consensus of USD6.00 billion. "We are entering the second year of our five-year plan with a real impetus, more and more confident that we can continue to grow", added he. Operating cash flow for 2017, excluding Gulf of Mexico oil spill payments, was $24.1 billion, compared with $17.6 billion in 2016, BP said.

Business

US Markit services PMI falls to 53.3 in January from 53.7

Aashna Dodhia, an economist at HIS Markit and the author of the report quoted that this recovery in the service sector of India continued during January with growth picking up at a fast pace from June 2017 since the underlying demands got better.

Business

United States oil production approaches record high, surpasses Saudi output

The administration expects much of the growth in this year's crude production to come from tight rock formations within the Permian region in Texas and from the Federal Gulf of Mexico. Goldman Sachs Group Inc. boosted a price forecast by a third and said global crude markets have probably rebalanced. Yet, the bank said its view was cyclical and sees Brent dropping down to US$60 a barrel by 2020.

Business

Sharks McGuigan gets the Scottish start

We use cookies to give you the best experience on our website and bring you more relevant advertising. Wales' triumph marked Warren Gatland's 10th anniversary as head coach in style, although bigger challenges now await in the shape of reigning Six Nations champions England at Twickenham next weekend, then Ireland at the Aviva Stadium.

Business

US indices end tad up as US Fed leaves rates unchanged

The Standard & Poor's 500 index rose 1.38 points, or 0.1 percent, to 2,823.81. Google parent Alphabet fell 4.5 per cent after the company's quarterly profit missed analysts' estimates. ENERGY: Benchmark U.S. crude fell 14 cents to $64.36 per barrel on the New York Mercantile Exchange. Exxon Mobil Corp and Chevron Corp shares were down 5.1 percent and 5.6 percent, respectively, after the oil companies posted lower-than-expected fourth-quarter profit.

Business

Donald Trump's why the black unemployment rate is twice white people's

The black worker unemployment rate hit a record low in December 2017, coming in at 6.8 percent, but the number is back up for the new year. Emanuel Cleaver refuses to give credit to either Donald Trump or Barack Obama for the low unemployment rate among blacks and Latinos.

Business

Eclipse Resources Corp (ECR) Position Raised by Dimensional Fund Advisors LP

Therefore 93% are positive. Worthington Industries had 13 analyst reports since August 27, 2015 according to SRatingsIntel. (NASDAQ:FB) on Thursday, April 28 with "Buy" rating. Its the same as in 2017Q2. It also increased its holding in Cooper Cos Inc (NYSE:COO) by 2,642 shares in the quarter, for a total of 4,774 shares, and has risen its stake in Genpact Limited (NYSE:G).

Business

U.S. stocks retreat from records ahead of packed week for corporate earnings

The 352-point drop to its session low was the Dow's steepest intraday point drop since May 17. Investors had a reality check early in the week as the Dow Jones industrial average sank 411 points at one point Tuesday, a full-throated market decline led downward by health-care stocks.

Business

Alonso gets green light to race at Le Mans

Yes, we're finally going to see the double-F1 world champion behind the wheel of a competitive auto in top-level motorsport once again. The only WEC race Alonso will miss is the 6 Hours of Fuji, in Oyama, Japan, on October 21, which is in direct conflict the same weekend with F1's U.S.

Business

Plains GP Holdings, LP (PAGP): Insider Trading and Ownership Analysis

ILLEGAL ACTIVITY NOTICE: "Prospera Financial Services Inc Has $275,000 Stake in Plains All American Pipeline, L.P. (PAA)" was originally posted by BBNS and is owned by of BBNS. Atlantic Trust Group LLC raised its holdings in shares of Plains GP by 32.0% during the third quarter. 81 funds opened positions while 368 raised stakes.

Business

Budget 2018: Tightrope walk for Jaitley; expect a focus on housing, infra

Before Arun Jaitley , only Manmohan Singh, Yashwant Sinha, P Chidambaram and Morarji Desai have managed to present five consecutive Budgets as finance ministers. On February 27, 1999, then finance minister Yashwant Sinha started the tradition of presenting the Union Budget in the morning. "USIBC members believe that unless resolved, the lack of clarity in the government's approach to taxation risk will undermine progress in other areas of the economy and will continue to damage India's ...

Business

Why on-air salary review won't satisfy BBC women

The BBC has been trying to respond to a gender pay crisis that began after the release of presenters' salaries past year, exposing how few of the broadcaster's top-paid talent were women. It offered to consult with staff about the proposals before they are officially introduced, giving women who have campaigned for equal pay a chance to have their say.

Business

Oil Loses Steam on Threat of Inventory Growth and Dollar's Gain

Oil's slowing down as danger signs flash ahead. "The crude market is looking at the weakness in stock market". Meanwhile, the greenback is recovering from the lowest level in three years as Treasuries extend their selloff at the start of a pivotal week of data and events.

Business

Quicksilver surf company CEO missing at sea, boat washed up on beach

French coastguards are searching for the head of a leading surfing equipment company after his boat was found washed ashore in south-western France. A search is on for Quiksilver CEO Pierre Agnes . Two boats and three helicopters are now involved in a search to find Mr Agnes, according to authorities. We are concentrating on working with the local authorities on the search and rescue effort and supporting Pierre's family.

Business

Cyberattackers target US ATM machines

The Secret Service memo, obtained by security research Brian Krebs , details the "Jackpotting" ATM hacking method that involves hackers physically accessing a machine and infecting it with a form of malware known as Ploutus.D. Diebold Nixdorf said it had been warned that hackers were targeting its Opteva ATM model, which ceased production several years ago. While the machine shows up as "Out of Service" to customers, the malware contacts co-conspirators who can remotely control the ...

Business

EasyJet's CEO lowers salary for equal pay

He was previously a deputy chief executive at travel group Tui . The former CEO, Carolyn McCall, left the company after eight years with a salary of £706,000 (approximately $990,730) - a gap of almost five percent. McCall is one of just six female CEOs among Britain's biggest 100 companies. The company attributes this difference in earnings to the "massive gender imbalance" in the pilot community.

Business

IKEA founder Ingvar Kamprad dies after brief illness

According to company lore, young Ingvar was 5 when he started his first business venture, selling matches to his neighbors. Since then the IKEA concept - keeping prices low by letting the customers assemble the furniture themselves - offers affordable home furnishings at stores across the globe.

Business

Here's What to Focus on - Southwest Airlines Co. (NYSE: LUV)

The institutional investor held 1.65 million shares of the military and government and technical company at the end of 2017Q3, valued at $45.66M, up from 1.58 million at the end of the previous reported quarter. Imperial Capital maintained the shares of LUV in report on Thursday, January 12 with "Outperform" rating. Royal Retail Bank Of Scotland Gp Public Ltd Com stated it has 15,325 shares.

Business

Prosecutors Seek to Prevent 'Horror House' Parents From Contacting Children

The eldest, a 29-year-old woman, was only 82 pounds. All but one of the siblings, ages two to 29, are being treated for malnourishment and severe emotional trauma. Times . Again, he wondered why, but didn't suspect anything horrendous. Dr Turpin has been on sabbatical from Valor College to deal with "revelations about estranged family members", the school said.

Business

USA shares kick off Friday session with average positive factors; Nasdaq outperforms

The monthly average of claims fell by 3,500 to 240,000. Gold also rose with the dollar's decline. The dollar was last down 0.44 percent against a basket of currencies (). Weakness in the dollar, which is supportive for large multinational companies, continued. The Russell 2000 is up 4.04 points, or 0.3 percent. The Dow Jones Industrial Average advanced 53 points, or 0.2%, to 26,445.

Business

Bombardier wins trade dispute

The decision eliminates almost 300 per cent in duties imposed by the Department of Commerce. Delta wanted deliveries to begin this year. Workers in the North were said to be "jubilant". The 4-0 choice is open annihilation for Boeing , which had contended that Bombardier's exchange hones were unlawful and unsafe to its business. Trade unions were similarly jubilant.

Business

United Kingdom economy defies gloom with 1.8pc growth in 2017

UK GDP was estimated to have increased by 0.5% in Q4 2017, compared with 0.4% Q3, preliminary ONS estimates show. "In short, growth was a bit less than generally expected, disappointing hopes for a third consecutive three per cent-or-better quarter for the first time since 2005, but the details were stronger than the headline figure", Jim O'Sullivan of High Frequency Economics said in a research note.

Business

White House: 'Flake-Graham-Durbin' Agreement on Immigration 'Dead on Arrival'

President Donald Trump on Wednesday opened the door to citizenship for young undocumented immigrants who came to the USA as children, the first time he's explicitly said he'd accept a pathway to citizenship for them. DACA, which was instituted by Trump's predecessor Barack Obama in 2012, protects from deportation hundreds of thousands of immigrants who arrived in the country illegally as children.