Sox First

So it's finally happened. Facebook is finally floating on the stock market. IFR reports that Facebook expects to raise $5 billion in the initial IPO. Of course, it could always increase if there…

The phone hacking scandal at Rupert Murdoch's News Corporation seems to get worse by the day. Worse, that is, for the Murdochs.The Independent reports that an email has surfaced informing James M…

There is something rotten and corrupt at the heart of investment banking. First it was Goldman Sachs, now it's Deutsche Bank.Der Spiegel reports that German lender IKB is suing Deutsche Bank and…

This could actually spell enormous trouble for Rupert Murdoch. It could destroy News Corporation's UK operations.Six months ago, Murdoch closed down the News of The World, sacrificing the newspap…

For the first time ever, the world's most powerful business leaders now gathered at Davos are talking about income inequality.The World Economic Forum is now saying that income inequality is the b…

One of the big scandals last year was the UBS rogue trader rogue trader in London who had cost the Swiss bank an eye-popping $2 billion with his unauthorised trades, something I blogged on at the tim…

An alarming piece of news telling us that the FBI is asking companies to develop software that will scan social networks for 'danger' words – and agents will respond to 'breaking news, i…

Yesterday I did a blog entry on an outrageous German proposal that would see Greece give up its sovereignty to get a bailout. Basically, the Germans were saying that the Greeks would have to give up s…

The Greeks are not going to cop this, they'll be up in arms. Germany is pushing Greece to give up control over how it frames its budgets as part of the newest terms of its second bailout. In othe…

Anyone who doesn't think Wall Street has much impact on US government decisions and democracy, should check out the amount of money that's pouring in from banks, insurance companies and stock…