Facebook Scheme: Man 'Stole' $8M From Clients

A Florida investment adviser has been charged in New York in an $8m securities fraud scheme that exploited demand for shares of the social networking site Facebook. Craig L Berkman, 71, was arrested on Tuesday at his home in Florida and detained pending...

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Samsung Working On New 'Smart Watch'

Tech giant Samsung is working on a new watch device with 'smart' functions, a company executive has revealed. Lee Young Hee, executive vice president of Samsung's mobile business, said the gadget had been in production for a long time but was very much...

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Unemployment Rise Announced On Budget Day

Unemployment increased between November and January to 2.52 million, up 7,000 on the previous three months. The Office for National Statistics (ONS) said that the number of people claiming Jobseeker's Allowance last month fell by 1,500 to 1.54 million....

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South Korea: North Suspected Of Cyber Attack

An investigation is under way into the simultaneous shutdown of computer networks at several major broadcasters and banks in South Korea, with suspicion falling on North Korea. The shutdown came days after North Korea blamed the South and the US for...

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Cyprus Bailout Crisis: No Deal Yet With Russia

Sacrificing Trust In The Banks Updated: 8:16am UK, Wednesday 20 March 2013 By Ed Conway, Economics Editor I'm rather glad that the Pope managed to mention Abraham in his inaugural mass. After all, of all the Old Testament, the tale of Abraham...

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Christine Lagarde: IMF Chief's Flat Raided

French police have searched the flat of IMF chief Christine Lagarde in relation to a probe into a supporter of Nicolas Sarkozy. Ms Lagarde's lawyer said her Paris apartment was examined as part of an investigation into her handling of a 2008 compensation...

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Budget 2013: The Key Points You Need To Know

George Osborne's Budget lasted 54 minutes and contained a raft of measures as well as data about the state of the economy. Here is a handy guide. ECONOMY :: The independent Office for Budget Responsibility predicts Britain will avoid a second quarter...

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Budget: Labour Attacks Evening Standard Leak

The Evening Standard prompts call for an investigation by publishing Budget details before the Chancellor stood up in the Commons. The front page was published on Twitter The front page, photocopies of which were being scrutinised by the Opposition...

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Barclays Hands Bosses £40m Share Windfall

By Mark Kleinman, City Editor Barclays today handed nine top executives a massive share windfall worth more than £40m less than nine months after the bank was fined £290m for its role in the Libor-fixing scandal. Figures released on Wednesday afternoon...

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Budget: 2013 Growth Forecast Is Cut In Half

George Osborne has unveiled tax breaks for beer drinkers, drivers and first time buyers as he admitted the economy is still struggling. The Chancellor's Budget contained a string of moves designed to ease the cost-of-living, including a 1p cut in the...

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