Few protesters at Thatcher funeral
Former British prime minister Margaret Thatcher’s casket made a slow, horse-drawn journey to her funeral at St. Paul’s Cathedral, as deep, mostly respectful crowds lined the procession’s route amid a heavy security presence.
British authorities review security for London marathon
After the bombings in Boston, authorities in London are looking at their own security arrangements in advance of Sunday's London marathon.
LulzSec hacker pleads guilty to cyberattacks
LONDON -- A British computer hacker affiliated to the group Lulz Security pleaded guilty Tuesday to cyberattacks on institutions including Sony, Britain's National Health Service and Rupert Murdoch's News International....
SEC Gives Companies OK to Use Social Media
WASHINGTON — The Securities and Exchange Commission will allow public companies to make significant announcements on Facebook, Twitter and other social media sites provided they alert investors which sites they intend to use. The decision announced Tuesday allows companies to use social media in place of more formal websites. The question arose after Netflix Inc. CEO Reed Hastings said on his Facebook page in July that subscribers together watched more than 1 billion hours of video for the first time during June, the agency said. (MORE: How the Great Recession Changed Our Spending Habits) An SEC rule requires that all investors receive significant company information at the same time. By allowing businesses to use more informal channels to share news with investors, the SEC is acknowledging the shift in technology that has made social media indispensable for the largest and most powerful corporations. One key requirement is that companies alert investors in press releases or regulatory ...
Cyprus Bailout Prompts Muted Relief in Markets
(LONDON) — The rally in stock markets in the wake of the Cypriot bailout deal proved short-lived Monday as investors remained cautious following a crisis that laid bare the scale of problems surrounding Europe‘s single currency. In the immediate aftermath of the deal between the Mediterranean island nation and international creditors, stocks rallied strongly and the euro edged back up above the $1.30 mark. But as the day wore on, the optimism was running dry. Though Cyprus’ bailout deal will prevent it becoming the first country to ditch the euro, investor worries over Europe’s common currency remain, not least because the deal sanctions raiding bank deposits. (MORE: Cyprus Rescue: The Destruction of a Tax Haven) “The Cypriot bailout has a powerful legacy which may alter the security with which depositors elsewhere in the eurozone view the safety of banks,” said Jane Foley, an analyst at Rabobank International. “It has also reportedly uncovered a lack of harmony.” In Europe, ...