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Friday, January 17, 2014

Business Today: Exclusive: Cybercrime firm says uncovers six active attacks on U.S. merchants

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01/17/2014
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Exclusive: Cybercrime firm says uncovers six active attacks on U.S. merchants
BOSTON (Reuters) - A cybercrime firm says it has uncovered at least six ongoing attacks at U.S. merchants whose credit card processing systems are infected with the same type of malicious software used to steal data from Target Corp.
Intel to reduce global workforce by five percent in 2014
SAN FRANCISCO (Reuters) - Intel Corp plans to reduce its global workforce of 107,000 by about 5 percent this year as the chipmaker, struggling with falling personal-computer sales, shifts focus to faster-growing areas, a company spokesman said on Friday.
S&P, Nasdaq end lower on Intel and GE results
NEW YORK (Reuters) - The S&P 500 and Nasdaq declined on Friday, led by losses in Intel and General Electric after disappointing results.
Exclusive: AB InBev seeks to buy Oriental Brewery for $4.5 billion
HONG KONG/NEW YORK (Reuters) - Anheuser-Busch InBev SA is in advanced discussions to buy South Korea's Oriental Brewery from private equity owners KKR & Co LP and Affinity Equity Partners for more than $4.5 billion, according to people familiar with the matter.
HSBC, Citi suspend traders as FX probe deepens
LONDON (Reuters) - HSBC and Citigroup both suspended foreign exchange traders on Friday as a global probe into possible currency market manipulation intensified.
Exclusive: HSBC still in regulators' crosshairs over money-laundering
(Reuters) - U.S. regulators continue to find weaknesses in the way HSBC Holdings tries to prevent money laundering, according to people familiar with the matter, even after the British bank was forced to pay nearly $2 billion in penalties and invested millions in increasing its compliance.
The U.S. government's bitcoin bonanza: How, where and when to sell?
NEW YORK (Reuters) - U.S. prosecutors in Manhattan are sitting on a multimillion-dollar bitcoin gold mine. And it could get much bigger.
Morgan Stanley profit beats estimate; raises margin target
(Reuters) - Morgan Stanley posted stronger-than-expected fourth-quarter results, as its retail brokerage and asset management businesses won more assets from clients and benefited from rising stock markets.
U.S. industry shows muscle in late 2013
WASHINGTON (Reuters) - U.S. industrial output rose at its fastest clip in 3-1/2 years in the fourth quarter as factory activity closed out the year on a strong note, a sign of the economy's brightening prospects.
GE profit margins fall short, shares slide
(Reuters) - General Electric Co posted disappointing 2013 profit margins on Friday, hurt by delayed wind turbine deliveries and poor energy management results, offsetting a 5 percent rise in quarterly earnings.
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