News

Hiring

Tech Giants Reach Deal to Settle ‘No Poaching’ Suit

Apple, Google, Intel and Adobe Systems to settle class-action lawsuit over secret agreements to keep their hands off each other's workforces.
The Economy

Risks to Outlook ‘Tilted to the Downside’: World Bank

Once again, the World Bank chops some basis points off global economic growth projections, describing the euro zone and Japan as "sputtering."
Tax

Democrat Proposes Financial Market Trading Fee

The tax on financial transactions would fund a bonus tax credit for couples making less than $200,000 per year.
Credit

High Court Deals Blow to Banks in MBS Cases

The Supreme Court declined to review the National Credit Union Administration's lawsuit against Royal Bank of Scotland and Nomura Holdings.
Credit

What’s Ahead for Lending Club and OnDeck

Online lenders will have to overcome many stumbling blocks, like vulnerability to economic fluctuations, says one banker.
Health Benefits

GOP Returns to Obamacare Warpath in Congress

A new bill passed by the House of Representatives would allow employers to offer fewer workers health insurance under the Affordable Care Act.
Analytics

Symantec Acquires Cyber Security Experts From Boeing

Unable to penetrate commercial cyber security markets, Boeing unloads 65 Narus engineers and data scientists.
Capital Markets

Nasdaq Offers to Run Unregulated ‘Dark Pools’

After previously backing regulations that would move dark pool trades onto exchanges, Nasdaq OMX now says it wants to run the pools for banks.
Credit

Did Caesars’ Nonpayment Trigger Credit Default Swaps?

To settle the question, the ISDA is convening an external arbitration panel for the first time since 2009.
Bankruptcy

Saving the Ruble Could Mean Bankrupting Companies

A 17% interest rate may stabilize the ruble, but a Russian banking official says it has to be cut to forestall business bankruptcies.
Tax

Amazon Nixes Another ‘Click Through’ State

Amazon adds Vermont to its growing hit list of states that have passed laws requiring online retailers to collect sales taxes.
IPOs

Data Storage Firm Needs to Show IPO Investors It Can Cut Costs

Box had delayed an earlier IPO that had been filed last March partly because of doubt about its big sales and marketing spend.
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