Category: qitju


SEC settles insider trading case for more than $17m


first_img THE US Securities and Exchange Commission has accepted more than $17m (£11m) from two men to settle federal insider trading charges related to the takeover of biotechnology company MedImmune.Stephen Goldfield, 46, who ran the hedge fund firm Imperium Capital Management, was charged with making $13.98m (£9.05m) in illegal profit by trading in MedImmune securities before Anglo-Swiss drug giant AstraZeneca agreed in April 2007 to buy the firm for more than $15bn.The SEC also accused James Self Jr, 45, Goldfield’s friend and former Wharton School of Business classmate, of tipping him off about the MedImmune sale process with information he learned working for a New Jersey pharmaceutical firm. Goldfield agreed to settle for $16.65m, reflecting the profit plus interest, but will only pay $600,000 because he lost all the illegal profit in several aggressive put option trades. Self accepted a $50,000 civil fine. Neither admitted any wrongdoing. The settlement comes as federal regulators have brought a spate of insider trading cases after facing a wave of criticism for having missed fraud in previous years. SEC settles insider trading case for more than $17m Show Comments ▼ whatsapp Wednesday 1 September 2010 8:19 pm More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Sharecenter_img Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoAll Things Auto | Search AdsBuick’s New Lineup Is Truly StunningAll Things Auto | Search AdsUndoOne-N-Done | 7-Minute WorkoutAdvertisement 7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save ThousandsThe No Cost Solar ProgramUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndo whatsapp KCS-content Tags: NULLlast_img read more


Whitbread given a lift by Premier Inn business travellers


first_imgTuesday 7 September 2010 11:00 pm Whitbread given a lift by Premier Inn business travellers whatsapp WHITBREAD yesterday reported a 14 per cent sales surge across the group – fuelled by a return of business travellers to its Premier Inns and the growth of Costa Coffee. Premier Inn like-for-like sales were 10.7 per cent higher in the 24 weeks to 19 August, while Costa’s like-for-like sales in the quarter jumped another 8.1 per cent. Its hotel chain saw business travellers using its budget hotels jump by a fifth. Overall occupancy of rooms was up almost ten per cent compared with the same period last year. At their lowest rates the rooms are £29-a-night. The company has opened nine new hotels this year with a total of 795 rooms. Chief executive Alan Parker said: “We are very pleased at how well Premier Inns has been performing. The rise in business travellers shows that people want to make the trips but in this age of austerity they want a cheap room. All of our businesses have been performing well.” Whitbread created another 1,000 jobs over the period and now employs 34,000 workers in total. It also owns the Beefeater chain and its restaurant sales were up 4.3 per cent. The company has 98 Costa Coffee franchises, with total sales up 28 per cent. KCS-content Tags: NULLcenter_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy Fan Share Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Show Comments ▼last_img read more


Rio Tinto boss confident tax rule will be kept


first_imgSunday 24 October 2010 10:31 pm whatsapp Read This NextThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Share RIO Tinto boss Tom Albanese says he has the “utmost confidence” that Australia’s new government, led by Julia Gillard, will honour the spirit of the modified mining tax agreement it signed with Rio, BHP Billiton and Xstrata in July.The trio of big miners have become worried that under the new tax they will not be able to claim credits for any future increase in state mining royalties, as they thought was the case in the deal thrashed out in July.Details of the tax are being worked out by a policy transition group led by the Australian resources minister, Martin Ferguson, and former BHP chairman Don Argus.Mr Albanese told the Australian Broadcast Corporation’s Inside Business programme that he had the “utmost confidence that they will work through this, and a whole range of other issues”.He said even though details needed to be sorted out, he thought the final agreement would be in the “spirit of the agreement” made in July.“The spirit of the discussions in July put us back on the path of investing in Australia,” he told the programme. Tags: NULLcenter_img Rio Tinto boss confident tax rule will be kept KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald whatsapp Show Comments ▼last_img read more


JJB Sports to fight for new rent proposal


first_img Tags: NULL KCS-content Share whatsapp JJB Sports to fight for new rent proposal Show Comments ▼ More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comPuffer fish snaps a selfie with lucky divernypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comcenter_img JJB SPORTS was heading for a battle with its landlords and other retailers after confirming its company voluntary agreement (CVA) is to include the renegotiation of two-fifths of its rent payments. The company has warned its biggest landlords, including British Land, Henderson and Prudential, that if its terms for discount rent and tenancy breaks for loss-making shops are not accepted, the entire firm will go down. The struggling sports retailer, which used a similar tactic when faced with bankruptcy in 2009, is also looking to close 45 stores this year and a possible 50 further outlets by the end of 2012. KPMG, which is advising JJB, has begun talks with landlords and hopes to reach a deal within weeks. The Wigan-based firm needs to win support for the CVA from three-quarters of its unsecured creditors and half of all shareholders to avoid administration.Liz Peace, chief executive of the British Property Federation, said the deal could face stern opposition from property owners. “What has concerned landlords are past cases where a retailer had released a store through a CVA and then returned to the same locality shortly afterwards to take a new store on reduced rent,” she said.Meanwhile, one large retailer has threatened to withhold its own rent payments if landlords accept JJB’s terms, according to the weekend reports. The unnamed retailer is said to have called an emergency meeting with other high street names to fight JJB’s plans.Rival sportwear firm JD Sports is thought to have put its takeover advances on hold while JJB garners support for its CVA rescue package. In December, investors including Bill Gates backed a £31.5m fundraising to keep JJB Sports alive after dire trading in the run-up to Christmas, but the firm has warned that further cash injections will be needed. The firm’s lender, Bank of Scotland, has already agreed to give the it leeway in regards to its existing debt facilities. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoBetterBe20 Stunning Female AthletesBetterBeUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo Sunday 13 February 2011 10:44 pm whatsapplast_img read more


CT Governor rejects call for temporary igaming launch


first_img Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Mobile Online Gambling Connecticut Governor Ned Lamont has rejected a request to give the state’s two tribal casinos, Foxwoods and Mohegan Sun, temporary approval to launch online gaming during the shutdown enforced as a result of the novel coronavirus (Covid-19) pandemic. Subscribe to the iGaming newsletter Connecticut Governor Ned Lamont has rejected a request to give the state’s two tribal casinos, Foxwoods and Mohegan Sun, temporary approval to launch online gaming during the shutdown enforced as a result of the novel coronavirus (Covid-19) pandemic.The measure was requested by the chief elected officials and chief executive officers of the 22 municipal members of the Southeastern Connecticut Council of Governments (SCCOG). The SCCOG requested Governor Lamont issue an Executive Order to allow the Mashantucket Pequot Tribal Nation-owned Foxwoods and Mohegan Tribe’s Mohegan Sun to launch igaming during the shut-down, which began on 17 March.“It is clear that we are in uncharted territory with this pandemic that our state and our nation are facing,” SCCOG chair Mark Nickerson wrote. “Many millions of people and businesses are suffering and we do not know when this health crisis will end. In our region, two of our largest employers, Foxwoods and Mohegan Sun Casinos, have shut down to help reduce the spread of COVID-19. They have also donated their food and facilities to help the greater good.Nickerson described Foxwoods and Mohegan Sun as strong community partners, which had their operations altered “in an unprecedented way” by the public health emergency.“This revenue source will help them to immediately offset the losses they are facing,” he said. “It will help get people back to work more quickly when the pandemic ends. It will help assure that the many municipalities that depend on revenue from the Pequot Fund are able to continue to receive this much needed funding.”Read the full story on iGB North America. Regions: US Connecticut 14th April 2020 | By contenteditor Casino & games CT Governor rejects call for temporary igaming launch Topics: Casino & games Legal & compliance Tribal gaminglast_img read more


Nevada regulator considers expanding igaming offering beyond poker


first_img Email Address Read the full story on iGB North America. Nevada regulator considers expanding igaming offering beyond poker Regulation Regions: US Nevada The Nevada Gaming Control Board has invited the state’s public to provide input on proposed amendments to its regulations that would allow operators to offer a wide range of online casino products instead of just poker. The proposed amendments seek to remove provisions limiting interactive gaming to the game of poker, in addition to a number of related and other changes, such as creating definitions of ‘peer-to-peer’ and ‘non peer-to-peer’ gaming. 5th May 2021 | By Conor Mulheircenter_img A significant change to be introduced is the creation of a state-wide list of individuals who have self-excluded from participating in igaming. Topics: Casino & games Legal & compliance Online casino Regulation Tags: Nevada Gaming Control Board AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Currently, the state offers online sports betting and poker, but other forms of online gaming are not permitted.Changes are to be discussed at the Gaming Control Board’s May 13 hearing. last_img read more


SBM Holdings Ltd (SBMH.mu) 2015 Abridged Report


first_imgSBM Holdings Ltd (SBMH.mu) listed on the Stock Exchange of Mauritius under the Banking sector has released it’s 2015 abridged results.For more information about SBM Holdings Ltd (SBMH.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the SBM Holdings Ltd (SBMH.mu) company page on AfricanFinancials.Document: SBM Holdings Ltd (SBMH.mu)  2015 abridged results.Company ProfileSBM Holdings Limited is licenced as a commercial bank by the Bank of Mauritius and provides personal banking products and services, including savings accounts and term deposits; home, personal, educational loans, auto lease for cars and prepaid, debit, and credit cards. The bank also provides corporate and institutional banking products and services comprising working capital finance and project finance, as well as finance for the acquisition and installation of energy efficient and renewable energy equipment. SBM Holdings Limited together with its subsidiary businesses in Kenya, Mauritius, Madagascar and India, is known as SBM Group. SBM Holdings Limited is listed on the Stock Exchange of Mauritius.last_img read more


TSL Limited (TSL.zw) HY2016 Interim Report


first_imgTSL Limited (TSL.zw) listed on the Zimbabwe Stock Exchange under the Industrial holding sector has released it’s 2016 interim results for the half year.For more information about TSL Limited (TSL.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the TSL Limited (TSL.zw) company page on AfricanFinancials.Document: TSL Limited (TSL.zw)  2016 interim results for the half year.Company ProfileTSL Limited, listed on the Zimbabwe Stock Exchange, participates in the auctioning of tobacco, printing and packaging, supply of inputs to agriculture, storage and distribution services. The Company was founded in 1957 and through the energetic pursuit and implementation of a diversification strategy has grown to become a significant player in its chosen spheres of operation.last_img read more


Guinea Insurance Plc (GUINEA.ng) HY2017 Interim Report


first_imgGuinea Insurance Plc (GUINEA.ng) listed on the Nigerian Stock Exchange under the Insurance sector has released it’s 2017 interim results for the half year.For more information about Guinea Insurance Plc (GUINEA.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Guinea Insurance Plc (GUINEA.ng) company page on AfricanFinancials.Document: Guinea Insurance Plc (GUINEA.ng)  2017 interim results for the half year.Company ProfileGuinea Insurance Plc is a composite insurance company in Nigeria offering products for life and pension, general business and special risks cover. The company is one of the most highly capitalised companies in the insurance industry in Nigeria. General Accident cover includes burglary and housebreaking, electronic theft and malfunctions, public liability, professional indemnity, personal/group accident, all risk insurance, goods-in-transit and health travel insurance. Fire and Special Perils cover includes industrial all risk, consequential loss, home owners and fire and special perils insurance. Engineering cover includes machinery breakdown, plant all risk, contractor all risk and erection all risk insurance. Guinea Insurance Plc’s head office is in Lagos, Nigeria. Guinea Insurance Plc is listed on the Nigerian Stock Exchangelast_img read more


Are Coinbase shares a good way for me to get indirect exposure to cryptocurrency?


first_img Image source: Getty Images jonathansmith1 has no position in any of the shares mentioned. The Motley Fool UK owns shares of and has recommended Bitcoin. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. There have been several large IPOs already in 2021. One of the most anticipated was Coinbase (NASDAQ:COIN). Its shares were listed under a month ago. It’s the second largest cryptocurrency exchange, and so carries forward the momentum of the industry in general. Over the past year, different virtual coins have seen big increases in value as investors have piled in. With Coinbase now being listed, is buying shares a smart way to get exposure to Bitcoin and other coins?What does Coinbase do?For some people, it might not be that easy to figure out what Coinbase does. It’s not a digital asset mining company, or a cryptocurrency. Rather, it’s an exchange platform. This means I could register on it to buy and sell cryptocurrency.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…In some ways, it’s like the London Stock Exchange, but for digital coins instead of stocks. Now you might think that it would be odd to buy Coinbase shares to get exposure to digital coins. After all, I wouldn’t buy shares in the LSE Group simply because I want to get exposure to stocks!Yet I think the correlation between Coinbase shares and Bitcoin (or other coins) is different. Coinbase at the moment is the only major listed cryptocurrency exchange. The vast bulk of revenue comes purely from trading fees from people buying and selling coins.For the moment, the performance of Coinbase as a company is very much tied in to the amount of activity and trading on the exchange. Put another way, the more people who buy or sell Bitcoin, the more revenue Coinbase will make from trading commissions.Will Coinbase shares mirror crypto moves?I’ve established that more trading activity is good news for Coinbase as an exchange platform. So in theory, it shouldn’t matter whether Bitcoin moves higher or lower, as long as there is trading activity through Coinbase. This is because it makes money through activity, which could be buying or selling. In the short term, Coinbase shares wouldn’t logically track the direction of a particular coin.This differs from the long-term view. If investors all sell out of Bitcoin and other coins, then over time, there will be very limited activity on the exchange, which would be negative for Coinbase shares.Sometimes, the logical doesn’t always happen. This is because people buy stocks for speculative purposes. For example, I don’t believe that the surge in the GameStop share price was due to company-specific performance.For Coinbase shares, if enough investors buy them speculatively for exposure to Bitcoin, then the share price will likely move in the same way as Bitcoin. There is nothing stopping investors buying and selling stocks regardless of a fundamental value. In my view, Coinbase shares should have a good correlation to cryptocurrency (Bitcoin in particular) due to speculative investors. But I’m an investor who prefers to buy shares in companies whose product — and future — I really believe in, rather than reacting to speculation. Personally, it’s too early for me to consider buying after the IPO. Recent volatility is very high, so I’m going to sit out until things settle down and I can see how the company is developing. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Our 6 ‘Best Buys Now’ Shares Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! “This Stock Could Be Like Buying Amazon in 1997” Are Coinbase shares a good way for me to get indirect exposure to cryptocurrency?center_img Jonathan Smith | Tuesday, 4th May, 2021 | More on: COIN I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. See all posts by Jonathan Smith Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Simply click below to discover how you can take advantage of this. Enter Your Email Addresslast_img read more




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