Recent Posts

Lehman suit seeks return of $2bn in ‘Phantom’ Citi fees

  Bloomberg Almost a decade after the global financial crisis, the fate of another $2 billion from the wreckage of Lehman Brothers Holdings Inc. is about to be determined. The failed New York investment bank is seeking to recoup the cash from one of its old derivatives trading partners, Citigroup Inc. In a trial that started this week in Manhattan ...

Read More »

Apple halts license payments to Qualcomm in ‘all-out war’

  Bloomberg Apple Inc. cut off billions of dollars in payments to Qualcomm Inc., turning a contract dispute into what one analyst called an “all-out war” that forced the chip supplier to slash forecasts given only days ago. The world’s largest publicly-traded technology company and one of the main suppliers of components to the iPhone, its most important product, have ...

Read More »

Cyberattacks involving extortion on the rise: Verizon

  Bloomberg Cyberattacks involving ransomware — in which criminals use malicious software to encrypt a users’ data and then extort money to unencrypt it — increased 50 percent in 2016, according to a report from Verizon Communications Inc. And criminals increasingly shifted from going after individual consumers to attacking vulnerable organizations and businesses, the report said. Government organizations were the ...

Read More »
Send this to a friend