Source: WSJ.com GSI Commerce reported a loss of $25.7 million, or 41 cents a share, from a year-earlier loss of $13.1 million, or 27 cents a share. There were 30% more shares outstanding in the most recent quarter. Related posts Walgreens: no new Medicaid patients as of April 16 UK jobless hits 2.1m as [...]
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Source: WSJ.com The Committee of European Banking Supervisors will publish the results of its bank stress tests Friday at 6 p.m. (noon ET), a European Commission spokesman said Thursday. The statement from the commission, the European Union’s executive arm, comes as some EU regulators are pushing to publish the stress-test results at 8 a.m. Friday [...]
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Source: WSJ.com Congress approved a rewrite of rules touching every corner of finance, from ATM cards to Wall Street traders, in the biggest expansion of government power over banking and markets since the Depression. The bill, to be signed into law soon by President Barack Obama, marks a potential sea change for the financial-services industry. [...]
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Source: WSJ.com The federal government is launching an expansive program dubbed "Perfect Citizen" to detect cyber assaults on private companies and government agencies running such critical infrastructure as the electricity grid and nuclear-power plants, according to people familiar with the program. The surveillance by the National Security Agency, the government’s chief eavesdropping agency, would rely [...]
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Disaster models suggest a 13% chance of a hurricane hitting the Gulf oil spill this year, with the odds of a direct hit rising amid an active storm season, according to a company that predicts catastrophes. The models indicate a 7% chance that an intense storm of Category 3 or higher hits the slick, bringing [...]
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