Global business: Amazon reports unexpected quarterly loss, Samsung se...
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Global Business
Friday July 26 2013
Companies News
Amazon reports unexpected quarterly loss
Some analysts say profitability is a matter of management's discretion as the company goes through elective bursts of capital spending on new warehouses
http://link.ft.com/r/EB8122/2097B8/OJ2XU6/1O808Z/ULIREQ/MQ/h?a1=2013&a2=7&a3=26
Samsung sees slower smartphone growth ahead
The world's largest technology company reported a 20 per cent increase in revenue in the second quarter
http://link.ft.com/r/EB8122/2097B8/OJ2XU6/1O808Z/Q3XQKX/MQ/h?a1=2013&a2=7&a3=26
Halliburton to plead guilty over Gulf spill
US Department of Justice said the company would pay the $200,000 maximum permissible fine for destroying evidence during the investigation
http://link.ft.com/r/EB8122/2097B8/OJ2XU6/1O808Z/DX6A0F/MQ/h?a1=2013&a2=7&a3=26
US presses banks for billions in MBS payments
The Federal Housing Finance Agency is reportedly chasing Bank of America, JPMorgan Chase and Royal Bank of Scotland for compensation for mortgage-backed securities
http://link.ft.com/r/EB8122/2097B8/OJ2XU6/1O808Z/6A18T7/MQ/h?a1=2013&a2=7&a3=26
Five charged over hacking operation
The men are accused of conspiring in 'worldwide scheme that targeted major corporate networks', Paul Fishman, US attorney in New Jersey, said
http://link.ft.com/r/EB8122/2097B8/OJ2XU6/1O808Z/ULIRQL/MQ/h?a1=2013&a2=7&a3=26
US attorney says SAC 'magnet for cheaters'
SAC was charged with one count of wire fraud and four counts of securities fraud, and prosecutors are seeking forfeiture of hundreds of millions of dollars in allegedly illegal profits
http://link.ft.com/r/EB8122/2097B8/OJ2XU6/1O808Z/ULIREF/MQ/h?a1=2013&a2=7&a3=26
Malaysia deal weighs on AIA profit margins
AIA reported record numbers despite seeing profit margins come under pressure in the first six months of 2013
http://link.ft.com/r/EB8122/2097B8/OJ2XU6/1O808Z/LS7K5E/MQ/h?a1=2013&a2=7&a3=26
Zynga hit as it sees hard times ahead
'We expect to see more volatility in our business than we would like over the next two to four quarters,' says Don Mattrick, chief executive
http://link.ft.com/r/EB8122/2097B8/OJ2XU6/1O808Z/MJMD41/MQ/h?a1=2013&a2=7&a3=26
Tourre regrets 'widows and orphans' joke
SEC has accused Fabrice Tourre of defrauding investors in a bond deal linked to subprime mortgages and struck just before the housing crash
http://link.ft.com/r/EB8122/2097B8/OJ2XU6/1O808Z/OF4IWY/MQ/h?a1=2013&a2=7&a3=26
Starbucks points to progress in UK business
Starbucks has said its low tax bill in the UK reflects the fact its business has been losing money in the country for several years
http://link.ft.com/r/EB8122/2097B8/OJ2XU6/1O808Z/7ZL6H2/MQ/h?a1=2013&a2=7&a3=26
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