Posts Tagged ‘loss’

Looming tax break loss alarms Kenyan farmers

Reintroducing VAT on farm inputs, many of which are already priced beyond the reach of most Kenyan small-scale farmers, could undermine agricultural production and threaten food security, experts and farmers say. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

Computer glitch costs brokerage firm Knight Capital $440-Million in losses

Major brokerage firm Knight Capital Group said on Thursday it suffered a $ 440mn loss due to a trading glitch that sent panic waves to the stock market and revived concerns over electronic trading. The massive pre-tax loss has severely impacted the company’s capital base, according to the Jersey City, N.J.-based firm. Article © AHN […]

Blackberry maker warns of loss and layoffs

The parent company for BlackBerry is warning of losses and possible layoffs because of sluggish sales for the mobile device. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

FBI probes JPMorgan’s $2 billion trading loss

The Justice Department is investigating the $ 2 billion trading loss of financial firm JPMorgan Chase & Co. with its sub-agency Federal Bureau of Investigation (FBI) leading the inquiry, according to an unnamed source cited by the Wall Street Journal. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

JP Morgan exec steps down following bank’s $2 billion loss

Diane Alter – Fourth Estate Cooperative Reporter New York, NY, United States (4E) – Following JP Morgan Chase’s admitted $ 2 billion blunder, the bank’s chief investment officer has stepped down. The bank behemoth announced Monday that Ina Drew resigned following the bank’s $ 2 billion loss caused by a trade involving derivatives that was […]

Sony to lay off 10,000 workers after $6.4B loss

Sony’s new CEO Kazuo Hirai announced Thursday that 10,000 employees will be laid off in fiscal 2012. The statement follows the company’s earlier announcement that it expects to post a loss of $ 6.4 billion for the fiscal year. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

RIMM first loss in 7 years weighs on outlook

BlackBerry maker Research in Motion posted its first loss in seven years Thursday after the close. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

FDA warns statin users of memory loss and diabetes

The FDA on Wednesday added new safety warnings to cholesterol reducing statin drugs, noting increased risks of Type 2 diabetes and memory loss for patients who take the medications. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

Retail investors buy despite £20bn loss

The value of private shareholdings dropped by a total of £34bn between the end of May and September 22 according to figures compiled by Capita View full post on Business Stories

UBS charges date back to 2008

Kweku Adoboli, who has been charged with fraud over a $2bn loss at the bank, was remanded in custody in London View full post on UK Business Stories