Troubles afoot in the technology world both here and over in the US says the FT as it reports t...
Troubles afoot in the technology world both here and over in the US says the FT as it reports that Yahoo! on Wednesday warned that sales and profits would continue to suffer this year as the troubled internet portal continued to struggle with a collapse in advertising revenues. In the UK the FT reports Baltimore Technologies, the Irish security software group, on Thursday said it had lowered its first-quarter revenue expectations after being hit by unexpected contract delays.
Global equity markets will be relieved to hear that a chartered passenger aircraft carrying the 24 crew members of a US reconnaissance plane that had been at the centre of a standoff between US and China landed in Guam, the US Pacific island territory, says the FT.
The Times leads with a report that the European Central Bank yesterday defied intense pressure for it to cut interest rates and signalled that it believed there was no need for urgent action.
An internet scam that traded off big names including Bloomberg in an attempt to con investors out of more than £2 billion has been foiled by investigators says the Times. Fake banking guarantees were published on at least 29 different websites to trick potential clients into investing in projects and financial schemes.
The Telegraph writes the Financial Services Authority is seeking the winding up of an Aberdeen-based stockbroker, which it alleged has misappropriated the funds of at least one customer. Barum House Securities, which had about 200 customers, has been put into provisional liquidation after the Securities & Futures Exchange intervened on February 13. It asked the FSA to apply to have the firm wound up using its powers under the Financial Services Act 1986.
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