Australian online email marketing firm is planning a host of new product launches over the next year after it received a record-breaking AU$268 million investment from US venture capital firm, Insight Venture Partners.
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As trading in the virtual currency gains momentum, the Chinese Bitcoin trading platform claims to be the world's biggest, and is newly flush with cash following a US$5m investment
As much as 30 million yuan (US$5 million) of investment could be lost in limbo as a Hong Kong-based Bitcoin trading platform vanishes.
Taiwan's economic affairs ministry returns application by Hon Hai, also known by trading name Foxconn, to buy stake in Sharp, citing insufficient detail on investment efficiency of deal it considers "a little pricey".
The owners of the Chagrin Hardware store had a really great trading day on Saturday due to a simple 'Cash Mob' email rallying local support for the local store
As Australians fear China might use Huawei investment in NBN to spy on their country, Kiwis have other concerns about trading with the dragon.
The Investment Dealer's Association of Canada is warning investors that their online trading accounts are being compromised. The attackers sell off the account holder's stocks and then invest in penny stocks.
Buyers make money on their investment on first day of trading after the sale, as the search king raises $4.18 billion.
The Office of Fair Trading is hosting an international conference aimed at finally doing something about the growing problem of unsolicited bulk email
Investment adviser Standard & Poor's announced late Monday that Internet security company Symantec will be added to the S&P 500 Index after the close of trading on Friday. Symantec's stock climbed more than 4 percent by early afternoon on Tuesday, with nearly three times the normal volume of shares trading hands.
E*Trade Financial is now offering automobile loans through its Web site, the online financial services company announced on Tuesday. The Menlo Park, Calif.-based company is offering loans for new and used cars directly to consumers and is also offering to refinance existing car loans. The company bought Lendnetwork.com, which specializes in offering automobile loans, to jump-start its car lending, E*Trade said in a statement. E*Trade did not say when it bought Lendnetwork.com or what it paid for the company. E*Trade and Lendnetwork.com representatives did not return calls seeking comment. Unlike rival Ameritrade, which has focused on online stock trading, E*Trade has been steadily moving away from its core brokerage business. In the last year, the company began offering customers investment and planning advice, bought market maker Dempsey, and opened an online mortgage service. --Troy Wolverton, Special to ZDNet News
Telecommunications equipment maker Nortel Networks announced the resignation of Terry Hungle, its recently appointed chief financial officer, amid questions surrounding the timing of some personal investment transactions. Former Nortel CFO and current Chief Executive Frank Dunn will assume Hungle's duties until a new CFO can be found, the company said. The networking gear maker said in a statement that it notified the U.S. Securities and Exchange Commission and the Ontario Securities Commission of the circumstances surrounding certain personal investment transactions carried out in 2001 by Hungle in Nortel's U.S. Long-Term Investment (401k) Plan. These transactions occurred outside the trading windows imposed by Nortel upon certain employees, including Hungle, and prior to news releases issued by the company on March 27, 2001 and Dec. 21, 2001, Nortel said in a statement. The departure of Nortel's CFO could not come at a worse time for the company, which can ill-afford the perception that its financial house is not in order. Nortel has been hit hard by an industrywide downturn in spending on the telecom equipment the company specializes in. In addition, potential customers for Nortel's equipment are now under accounting scrutiny, such as Global Crossing and Quest Communications International, feeding industrywide concern about the health of company accounting. --Ben Heskett, Special to ZDNet News
Global investment bank Credit Suisse First Boston (CSFB) has become the latest investor in Hong Kong-based BondsInAsia Ltd, a company that's currently developing an online trading platform for bonds in Asia.
A security expert who exposed a vulnerability on E*Trade's online investing site in September says he's discovered a similar problem at Charles Schwab's online investment site. Jeffrey Baker says a computer attacker could wrest control of a Schwab customer's online trading account.
The Securities and Exchange Commission will soon release a report about online trading and the suitability of investment advice that comes from Internet brokerages compared to advice from traditional firms.The growing number of investors shunning human brokers to trade on their own through the Internet has raised questions about the suitability rule and how it applies to online brokerages, said SEC Commissioner Laura Unger, who is preparing the report.
Advanced Micro Devices' withdrawal from two investment conferences may indicate the chipmaker is wilting under a price war from Intel, according to Piper Jaffray analyst Ashok Kumar.In early trading Thursday, AMD shares were down 3 3/16 to 17 3/4, or 15 percent.
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