Warning about student ‘money mules’

25 February 2013 Last updated at 19:03 ETBy Simon Gompertz Personal finance correspondent, BBC NewsFraud experts are warning that hundreds of thousands of people are in danger of being duped into laundering money for fraudsters.They are being recruited as unwitting “money mules” who allow their own bank accounts to be used to disguise the proceeds of crime.The study was carried out by Financial Fraud...

Read More..

Warning about student ‘money mules’

25 February 2013 Last updated at 19:03 ETBy Simon Gompertz Personal finance correspondent, BBC NewsFraud experts are warning that hundreds of thousands of people are in danger of being duped into laundering money for fraudsters.They are being recruited as unwitting “money mules” who allow their own bank accounts to be used to disguise the proceeds of crime.The study was carried out by Financial Fraud...

Read More..

Warning about student ‘money mules’

25 February 2013 Last updated at 19:03 ETBy Simon Gompertz Personal finance correspondent, BBC NewsFraud experts are warning that hundreds of thousands of people are in danger of being duped into laundering money for fraudsters.They are being recruited as unwitting “money mules” who allow their own bank accounts to be used to disguise the proceeds of crime.The study was carried out by Financial Fraud...

Read More..

Warning about student ‘money mules’

25 February 2013 Last updated at 19:03 ETBy Simon Gompertz Personal finance correspondent, BBC NewsFraud experts are warning that hundreds of thousands of people are in danger of being duped into laundering money for fraudsters.They are being recruited as unwitting “money mules” who allow their own bank accounts to be used to disguise the proceeds of crime.The study was carried out by Financial Fraud...

Read More..

Sinopec to buy stake in Chesapeake assets for $1.02 billion

(Reuters) – China Petroleum & Chemical Corp (Sinopec) will buy half of Chesapeake Energy Corp‘s Mississippi Lime oil and gas properties in Oklahoma for $ 1.02 billion to increase its presence in the booming North American shale gas industry.Output from shale fields in the United States and Canada has jumped over the last three years due to the advent of drilling methods such as hydraulic fracturing.Companies...

Read More..

Frustrated Italians vote in crucial election for euro zone

ROME (Reuters) – Italians voted on Sunday in one of the most closely watched and unpredictable elections in years, with pent-up fury over a discredited elite adding to concern it may not produce a government strong enough to lead Italy out of an economic slump.The election, which concludes on Monday afternoon, is being followed closely by investors; their memories are still fresh of the potentially...

Read More..

The Brinks Miami Heist: Stealing $7.4 Million Was the Easy Part

In the fall of 2005, Karls Monzon’s childhood friend and neighbor Onelio Diaz approached him with a proposal. Diaz worked as a security guard for Brink’s (BCO) at Miami International Airport. Every day, he explained, a Lufthansa (LHA) jet from Frankfurt landed at the airport carrying bricks of $ 50 and $ 100 bills in bags. The shipments were from Germany’s second-largest bank, Commerzbank (CBK), and...

Read More..

For Lego, Pink is the New Black

In Dec. 2011, the Danish masters of toy bricks and mini-figures launched Lego Friends, a new line of building sets aimed at girls, to much skepticism, reflection, and even, in some quarters, #LiberateLEGO opposition. None could argue the company hadn’t skewed “boy” in recent years, with seemingly endless iterations of Star Wars, police, and ninja-themed sets. Still, the new pastel color palate and...

Read More..

French blast ‘ignorant’ US tyre boss

21 February 2013 Last updated at 10:41 ETA French minister has responded angrily to the boss of US tyremaker Titan who said he would have to be “stupid” to invest in the country.Maurice Taylor made the claims in a letter to France’s minister for industrial recovery, Arnaud Montebourg.On Thursday, Mr Montebourg replied that Mr Taylor’s “extreme” comments showed a “perfect ignorance of what our country...

Read More..

Homebuilding takes a breather, wholesale prices up

WASHINGTON (Reuters) – U.S. builders broke ground on fewer homes last month but a jump in permits for future construction to a 4-1/2 year high indicated the housing market recovery remains on track.Another report on Wednesday showed wholesale prices rose for the first time in four months in January. However, the gain was smaller than expected and left scope for the Federal Reserve to keep buying bonds...

Read More..

Cameron calls for faster RBS reform

19 February 2013 Last updated at 05:31 ETThe Prime Minister, David Cameron, has called on Royal Bank of Scotland to speed up the overhaul of its business.Speaking on a trip to India, Mr Cameron said he wanted the largely state-owned bank to “accelerate the adjustments” it was making.He added he was “keen to examine all possibilities” for putting RBS back into the private sector.However, he played...

Read More..

Draghi dismisses talk of currency war, but watching euro

BRUSSELS (Reuters) – European Central Bank President Mario Draghi sought to take the heat out of a debate about currency wars on Monday but said the ECB would still have to assess the economic impact of the euro’s strength.The euro hit a 15-month high against the dollar earlier this month, complicating the ECB’s policy-making tasks by weighing on growth and feeding expectations that it may have to...

Read More..

French leader Hollande’s approval rating dips: poll

PARIS (Reuters) – French President Francois Hollande‘s approval rating slipped to 37 percent in February as pessimism about the economy overtook satisfaction with his military intervention against Islamist rebels in Mali, a poll showed on Sunday.The IFOP survey published in weekly paper JDD showed that Hollande‘s backing had dropped by one percentage point since the previous month, giving him the...

Read More..

Carney dismisses concern about inflation expectations

MOSCOW (Reuters) – The future head of the Bank of England, Mark Carney, dismissed concern on Saturday about the danger of inflation expectations spiraling in Britain and elsewhere.Carney, governor of the Bank of Canada, has been an advocate of flexible inflation targeting, and said last month that monetary policy was not maxed out in major economies.He has said the Bank of England may need to commit...

Read More..

TSX slips as golds offset gains in Rogers, Telus

TORONTO (Reuters) – Canada’s main stock index fell to a 1-1/2 week low on Friday, led by gold stocks such as Goldcorp Inc and Barrick Gold Corp , as the price of the precious metal tumbled to a six-month low on weakening investor demand.The decline outweighed gains made by telecom stocks, Rogers Communications Inc and Telus Corp , which reported robust quarterly results.Economic data showed U.S. manufacturing...

Read More..

Want a Dog Like Banana Joe? There Are 7 For Sale in America

After two days of frenzied canine competition, a five year-old black-and-tan Affenpinscher named Banana Joe was crowned champion at the Westminster Dog Show on Tuesday night. But for those dog enthusiasts captivated by the dog’s Wookiee-ish countenance and shock of black hair—and hoping to snatch up one of their very own—we say: Good luck.The breed’s official site, recognized by the American Kennel...

Read More..

Wall Street pauses after gains, awaits Obama address

NEW YORK (Reuters) – Stocks were little changed on Tuesday, with the S&P 500 holding near multi-year highs ahead of President Barack Obama‘s State of the Union address.The economy will be a major topic of Obama‘s speech before a joint session of Congress set for 9 p.m. (0200 GMT Wednesday). Investors will listen for any clues on a deal with Republicans to avert automatic spending cuts due to take...

Read More..