Tag: Yahoo Finance

EU data watchdog raises concerns over Microsoft contracts with EU institutions

The European Data Protection Supervisor said on Monday that preliminary results of its investigation into Microsoft contracts with EU institutions show serious issues over compliance with data protection rules. "Though the investigation is still ongoing, preliminary results reveal serious concerns over the compliance of the relevant contractual terms with data protection rules and the role of Microsoft as a processor for EU institutions using its products and services," the EDPS says in a statement....

Goldman’s Unwelcome Streak: A String of Insider Trading Charges

(Bloomberg) -- Goldman Sachs Group Inc. has built itself into a global dealmaking force whose bankers are often stitching together the biggest and most sensitive corporate transactions.But a trio of charges in just the last 18 months has threatened to tarnish that standing.Bryan Cohen, a Goldman investment banker in New York, was arrested Friday over allegations of insider trading, court records show. It comes just months after another banker was sentenced to three months in prison for sharing illicit deal tips. And a third pleaded guilty last year to leaking information to a National Football League linebacker in exchange for tickets to games.Such accusations strike at the sanctity of the business where corporate titans seek out the advice of large investment banks to navigate discussions over deals that can move billion of dollars in market prices. The allegations highlight the struggles of even top-tier banks in trying to successfully clamp down...

UPDATE 1-European shares rise amid Brexit tussle as focus shifts to earnings

European shares rose on Monday with investors turning their focus to earnings, while remaining hopeful that Britain would be able to avoid a disorderly exit from the European Union. British Prime Minister Boris Johnson will again try to put his Brexit deal to a vote in parliament later in the day after he was forced by his opponents to send a letter seeking a delay from the European Union....