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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Federal Reserve confirms hack attack

Category : Business

The US’s central bank confirms data was stolen from its systems by hackers, but does not confirm if the incident was that claimed by Anonymous.

Excerpt from: Federal Reserve confirms hack attack

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Federal Reserve hacked

Category : Business

US central bank confirms intrusion after hacktivist group Anonymous was claimed to have stolen 4,000 bankers’ details

The US Federal Reserve bank has confirmed one of its internal websites was broken into by hackers after the Anonymous group was claimed to have stolen details of more than 4,000 bank executives.

“The Federal Reserve system is aware that information was obtained by exploiting a temporary vulnerability in a website vendor product,” a spokeswoman for the US central bank said.

“Exposure was fixed shortly after discovery and is no longer an issue. This incident did not affect critical operations of the Federal Reserve system,” the spokeswoman said, adding that all individuals effected by the breach had been contacted.

The admission follows a claim that hackers linked to the hacktivist group Anonymous struck the bank on Sunday. The technology news site ZDNet separately reported that Anonymous appeared to have published information said to containing the login information, credentials, internet protocol addresses and contact information of more than 4,000 US bankers.

The claim was made via Twitter using an account registered to OpLastResort, which is linked to Anonymous, which has claimed responsibility for attacks on other government and corporate sites.

OpLastResort is a campaign some hackers linked to Anonymous have started to protest against government prosecution of the computer prodigy Aaron Swartz, who killed himself on 11 January.

The bank declined to identify which website had been hacked. But information it provided to bankers indicated that the site, which was not public, was a contact database for banks to use during a natural disaster.

A copy of the message sent by the bank to members of its Emergency Communication System (ECS) and obtained by Reuters warned that mailing address, business phone, mobile phone, business email and fax numbers had been published. “Some registrants also included optional information consisting of home phone and personal email. Despite claims to the contrary, passwords were not compromised,” the bank said.

The website’s purpose is to allow bank executives to update the Fed if their operations have been flooded or otherwise damaged in a storm or other disaster. That helps the bank assess the overall impact of the event on the banking system.

Hackers identifying themselves as Anonymous infiltrated the US sentencing commission website in late January to protest against the government’s treatment of Swartz.

Swartz was charged with using the Massachusetts Institute of Technology’s computer networks to steal more than 4m articles from Jstor, an online archive and journal distribution service. He faced a maximum sentence of 31 years if convicted.

Pre-Marketing: iPhone5=GDP Growth?

Category : Business, Stocks

How iPhone5 sales could boost GDP. Also: Anonymous: Behind the cyber insurgent masks.

The rest is here: Pre-Marketing: iPhone5=GDP Growth?

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Twitter user who taunted blogger must be ID’d: court

Category : World News

A Moncton blogger won a legal victory to have the name of an anonymous online commenter revealed and now is after an apology.

See more here: Twitter user who taunted blogger must be ID’d: court

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Apple Roundup: Supply Chain, Stores, Raises

Category : Stocks

NEW YORK (TheStreet) — Today’s top Apple stories include an increased focus on the supply chain, an all-hands on deck meeting at Apple Stores, and Store employees getting a raise.

Apple has always been known for its strict and efficient supply chain, but the process is getting tighter, and the time spent on inspections may be getting longer, according to Digitimes.

Citing anonymous sources, Digitimes reports that Apple is placing increased focus on its supply chain, as product quality continues to get scrutinized. …

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Read the original here: Apple Roundup: Supply Chain, Stores, Raises

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Buffett lunch sells for record $3,456,789

Category : Business, Stocks

An anonymous bidder is paying a record $3,456,789 to have lunch with legendary investor Warren Buffett, according to the charity that benefits from the auction.

More: Buffett lunch sells for record $3,456,789

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Occupy movement takes over parts of London Stock Exchange

Category : Business

Activists join with Anonymous in demonstration at LSE and Paternoster Square as part of May Day protests

Around 50 activists have occupied parts of the London Stock Exchange and Paternoster square as part of May Day protests in London.

Members of the Occupy movement and Anonymous – better known for its online hacking activities – have also erected a number of tents inside the square which is privately owned and the subject of a previous court injunction banning occupation protests.

The central monument in the square was turned into a Maypole and a tent was foisted on top of it. Also hung fromthe LSE entrance was banner reading: “A line of tents guards our futures.”

In October 2011 members of the Occupy movement were thwarted by police and court action when they tried to erect camps in the square outside the exchange building and instead moved to outside St

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Oil Market Weekly: Loose Lips and Iranian Ships

Category : Business

NEW YORK (TheStreet) — In a week that saw the national average price for gasoline hit $3.83, Federal Reserve chairman Ben Bernanke acknowledge oil inflation, and Congress shoot down amendments to a major transportation bill that would have sought a boost to alternative energy and natural gas transportation, loose-lipped British politicians were the ones that set the tone for the oil market.

A Reuters report mid-week quoting anonymous British sources as saying the country had reached with the United States to tap strategic petroleum reserves was followed by a swift White House denial that such an agreement existed.

Let’s assume it exists (Reuters has only added to rather than recanted its report since). Let’s say it’s only a matter of timing and it’s all about politics. That’s what the market seems to think.

Strategic Petroleum Reserve politics give new meaning to the Keynesian market wisdom that sometimes the pump needs to be primed.

Continued here: Oil Market Weekly: Loose Lips and Iranian Ships

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VIDEO: German ‘Robin Hood’ mystery donor

Category : World News

An anonymous donor is giving away mysterious wads of money in the German town of Braunschweig.

More: VIDEO: German ‘Robin Hood’ mystery donor

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Berkshire ([[BRK.A]], [[BRK.B]]) decides on an eventual successor for 81-year old Warren Buffett, but refuses to disclose his or her identity. Buffett, who has no plans to step down, expects a "seamless" transition. It remains to be seen…

Category : Stocks

Berkshire (BRK.A, BRK.B) decides on an eventual successor for 81-year old Warren Buffett, but refuses to disclose his or her identity. Buffett, who has no plans to step down, expects a “seamless” transition. It remains to be seen whether an anonymous heir apparent will suffice to appease shareholders’ concerns about a post-Buffett Berkshire. 4 comments!

See the original post: Berkshire ([[BRK.A]], [[BRK.B]]) decides on an eventual successor for 81-year old Warren Buffett, but refuses to disclose his or her identity. Buffett, who has no plans to step down, expects a "seamless" transition. It remains to be seen…

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