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Barclays denies FERC penalty

Barclays PLC (LON:BARC) denied all the charges framed against them by the United States Federal energy Regulatory Commission. FERC has recorded a $470 million as penalties against the bank and have alleged them for manipulation in the power market. The bank however, is confident that all these charges will prove wrong and cannot withstand court. […]

Steep fall in production of iPhone, iPod – AAPL, NOK1V, GOOG, NOK, BRCM, QCOM, SWKS, AVGO and CRUS

The overall price of Apple Inc. (NASDAQ: AAPL) has been an unprecedented low in the past ten months, from $780 to $700. The reason cited for the drop has been stated to be the decrementing sales of iPhones and I- pad, as suggested by UBS AG (USA) (NYSE: UBS) analyst, Steven Milunovich. Recent analysis done […]

UBS AG (USA) TO PAY 1.6 BILLION IN LIBOR CASE- C, BCS, & UBS

After charges being brought by the US Department of Justice against individuals for manipulating the London interbank rate, the U.S prosecutors are planning to charge several bankers associated with the UBS AG (NYSE:UBS) for manipulating the Tokyo interbank rate. The prosecution is going to begin with the UBS AG (NYSE:UBS)’s Japan unit to plead guilty […]

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