Morgan Stanley , the lead underwriter for Facebook Inc's initial public offering, will pay a $5 million fine to Massachusetts for violating securities laws governing how investment research can be distributed.Massachusetts' top securities regulator, William Galvin, charged on Monday that a top Morgan Stanley banker had improperly coached Facebook on how to disclose sensitive financial information...
ARM security improvement to speed mobile e-commerce
Labels: Technology British chip designer ARM Holdings and its partners Gemalto and Giesecke & Devrient have launched a new security standard for smartphones that can speed up e-commerce transactions.Trustonic, a joint venture between the companies formed in April, said the security standard could be built into every level of a device, from the chip through the operating system to applications.Ben Cade, Trustonic's...
Online shopping to breathe new life into run-down sheds
Labels: Technology Owners of run-down warehouses on the edge of European cities could be sitting on goldmines because online shopping will force firms to seek distribution sites closer to customers who think speedy delivery is the norm.In an increasingly fierce market where the likes of Amazon and Tesco pledge next-day or same-day delivery in specific time slots, warehouse rents could rise 40 percent over the...
"Hebrew Hammer" sequel profits from crowdfunding campaign
Labels: TechnologyThe Hebrew Hammer vs. Hitler," the sequel to 2003's "The Hebrew Hammer," will begin filming next year, after an innovative crowdfunding campaign that's raised $35,000 on Jewcer.com, the filmmakers announced Tuesday.Adam Goldberg will return in the lead role, with principle photography expected to begin in May 2013.In the film, Goldberg's character, now married and enjoying the good life in suburbia,...
Instagram says no plans to put user photos in ads
Labels: Technology Instagram, the popular photo-sharing service owned by Facebook Inc, said on Tuesday it has "no plans" to incorporate user photos into ads in response to a growing public outcry over new privacy policies unveiled this week.Instagram Chief Executive Kevin Systrom said in a blog post that users had incorrectly interpreted Instagram's revised terms of service, released on Monday, to mean that user...
FBI question Benghazi consulate attack suspect
Labels: WorldTUNIS, Tunisia (AP) — After months of asking, agents from the FBI questioned the only known suspect in the Sept. 11 attack on the U.S. consulate in Benghazi that killed four diplomats, the suspect's Tunisian lawyer told The Associated Press Saturday.Ali Harzi, a Tunisian, was detained in Turkey and extradited to Tunisia in October where authorities have said he is "strongly suspected" of being involved...
Rebels threaten to storm 2 Syrian Christian towns
Labels: WorldBEIRUT (AP) — Rebels have threated to storm two predominantly Christian towns in central Syria if residents do not "evict" government troops they say are using the towns as a base to attack nearby areas.A video released by rebels showed Rashid Abul-Fidaa, who identified himself as the commander of the Ansar Brigade for Hama province, calling on locals in Mahrada and Sqailbiyeh to rise up against President...
Egypt's vice president quits
Labels: WorldCAIRO (AP) — Egypt's state TV says Vice President Mahmoud Mekki has resigned.Mekki's Saturday resignation was announced with more than five hours to go of voting in the second and final phase of a referendum on a disputed, Islamist-backed constitution. Mekki, a career judge, has said he intends to quit once the charter is adopted. The new constitution eliminates the post of vice president.However,...
Ex-Tunisian dictator's property goes under hammer
Labels: WorldTUNIS, Tunisia (AP) — Tunisian authorities are putting property confiscated from ousted Tunisian dictator Zine El Abidine Ben Ali up for auction. That includes a pair of miniature gold sphinxes, a diamond-encrusted pen and a staggering 39 luxury cars.Officials hope the sale, which was inaugurated by Tunisia's Prime Minister Hamadi Jebali in Tunis Saturday, will fetch some 20 million dinar ($12.9 million)...
Egypt's central bank governor quits
Labels: WorldCAIRO (AP) — State television says Egypt's central bank governor has resigned.Farouq el-Oqdah's resignation is the second such high profile move on Saturday. Earlier on the day, Vice President Mahmoud Mekki resigned, saying he realized that politics did not suit his professional background as a judge.The brief TV report did not say why el-Oqdah quit, but it ends days of media speculations about his...
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