bernard
Hong Kong launches fresh plan to fortify cyber security after SWIFT heist
May 19, 2016 by publisher · Leave a Comment
Hong Kong's central bank has a launched a new program to strengthen lenders' ability to protect their critical technology systems after recent attacks by unidentified groups on a global messaging system used by the financial community. The Hong Kong Monetary Authority's latest measure, known as the “Cybersecurity Fortification …
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Hong Kong launches fresh plan to fortify cyber security after SWIFT heist
bernard
Tesla plans to sell $1.7 billion in new stock to fund Model 3
May 19, 2016 by publisher · Leave a Comment
By Paul Lienert and Alexandria Sage DETROIT/SAN FRANCISCO (Reuters) – Tesla Motors Inc will offer up to $1.7 billion of new common stock to finance the accelerated launch of its new Model 3 electric sedan, the electric luxury car maker said on Wednesday. Tesla shares fell 2.2 percent following the announcement, which came after the market closed. Tesla, which has posted operating losses since its initial public offering in June, 2010, said in a prospectus it expected to sell as many as 8.2 million shares at a price of $204.66 a share.
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Tesla plans to sell $1.7 billion in new stock to fund Model 3
bernard
More than 25,000 Madoff victims now eligible for $4 billion fund
May 19, 2016 by publisher · Leave a Comment
The overseer of a $4 billion U.S. Department of Justice fund for victims of Bernard Madoff's Ponzi scheme said he expected to recommend payouts for at least 25,280 claimants with nearly $4 billion in fraud losses. Richard Breeden, special master of the Madoff Victim Fund, said in an update on his website this week that his office was “substantially” finished with the initial claims review process, having analyzed 63,580 claims covering $67.8 billion of alleged losses…
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More than 25,000 Madoff victims now eligible for $4 billion fund