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Germany Probing Possible Trading Irregularities in Volkswagen Shares
2015-09-23 15:05:00| Automakers - Topix.net
Germany's financial watchdog BaFin on Wednesday said it is investigating possible trading irregularities in Volkswagen AG shares, and whether the car maker was obliged to disclose information regarding its emissions scandal sooner than it did after its shares dropped sharply over the past two days. BaFin, the German securities supervisor based in Frankfurt, is examining market developments for indications of potential insider trading or other manipulation.
Tags: germany
trading
shares
volkswagen
Dudley trading standards prosecution lands rogue car dealer with 6,000 bill
2015-09-22 16:37:02| Auto Dealers - Topix.net
A ROGUE Black Country car dealer has landed a court bill of more than A 6,000 after misleading a Dudley car buyer about the mileage of a vehicle. Arvinder Singh Gill, of Newbridge Crescent, Wolverhampton, admitted selling a BMW 316 advertised as 75,000 miles, when in fact the vehicle had done 133,000 miles.
Tags: car
bill
standards
trading
FactSet acquires NYC trading platform
2015-09-22 15:02:32| IT Services - Topix.net
FactSet Research Systems is acquiring New York City-based Portware for $265 million, with Portware operating a stock order execution management system for simple trades by asset managers, freeing up time for then to focus on more complex trades. FactSet is based in Norwalk and provides data and analytics to investment professionals.
Tags: trading
platform
nyc
acquires
Man who gave golf star insider trading tips sentenced to 18 months
2015-09-21 22:44:24| Electronics - Topix.net
A Waltham man was sentenced to 18 months in federal prison after he was convicted of using insider information on a Devens-based power-technology company to provide profitable tips to his golfing buddies, including Lowell attorney and city golf champ Douglas Parigian. Eric McPhail, 41, of Waltham, was sentenced on Monday by U.S. District Court Judge Denise J. Casper to 18 months in prison followed by two years of supervised release, according to the U.S. Attorney's Office.
China Used Car Market Trading Volume to Exceed 10 Million Vehicles by 2017
2015-09-21 05:06:18| Auto Dealers - Topix.net
Estimated at an average vehicle replacement cycle of 5-6 years, the used car market in is expected to usher in accelerated growth in the next few years, with trading volume to exceed 10 million vehicles by 2017. spread across 84 pages, talking about 4 major used car dealers, players in auction websites, consignment websites and information service websites and supported with 88 charts is now available at http://www.reportsnreports.com/reports/422201-china-used-car-market-report-2015-2018.html .
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