Business

Libor rate scandal: US courts convict two British bankers of conspiracy and wire fraud

By Nate Raymond and Brendan Pierson NEW YORK, November 5 - Two former Rabobank traders were found guilty of fraud on Thursday in the first United States trial arising from a global investigation into whether banks sought to manipulate the interest rate known as Libor.

Business

Stratasys (SSYS) Set to Announce Quarterly Earnings on Wednesday

Non-GAAP EBITDA for the third quarter amounted to a loss of $1.5 million. Piper Jaffray restated a hold rating and issued a $42.00 price target on shares of Stratasys in a research note on Thursday, July 30th. On the basis of its preliminary analysis, the Company recognized a non-cash goodwill and other intangible assets impairment expense of $910 million in the third quarter, primarily as a result of changes of the Company's near-term cash flows projections which reflect, among other ...

Business

As Assembly elections get over in Bihar, Amit Shah meets PM Modi

It gave the BJP alliance 113-127 seats and the Grand Alliance 111-123 seats. Only an hour after polling came to a close in Bihar on Thursday, Lalu Prasad predicted the grand alliance's win in 190 of the state's 243 assembly constituencies and reiterated Nitish Kumar would helm the alliance government.

Business

Electrolux not in United States settlement talks over GE appliance bid: lawyer

Sims said that Electrolux would call as witnesses top executives of both Electrolux and GE's appliance business, as well as executives from retailers and homebuilding companies. Sims said Electrolux made a "very significant offer" that would have given a leading global producer a strong position in the U.S. He declined to name the company.

Business

Galliard Homes launches Trinity Square in London

That's a few way below the average price of a property in London, which the Land Registry puts just shy of £500,000, with average prices for studios and one-bedrooms between £350,000 and £450,000. The Trinity Square development on Staines Road, in Houndslow, contains 228 studios and one-bedroom apartments in the former European headquarters of American Airlines.

Business

Two Men with Jetpacks Chase a Jumbo Jet

He and his fellow bird-man Vince Reffert were recently seen chasing an Airbus A380 superjumbo over the skyscrapers of Dubai . We can only imagine the duo gives the A380 pilot constant heart palpitations as they deftly man oeuvre around the plane (y'know, with its jet intakes and all that).