Industry News

Vine becomes the toast of advertising world

Brevity is the soul of Twitter. Having trained millions in the art of 140-word storytelling, Twitter is adding another twist with Vine, an app that allows users to share six-second video clips. And before cynics could wave their dismissive fingers, early adopters like Gap, Malibu, Asos, General Electric and other big brands have got Twitter’s […]

By Staff |February 4, 2013

1 min read

U.S. pension funds sue BlackRock

Two U.S. pension funds are taking legal action against BlackRock, “alleging that the world's biggest asset manager had ‘looted’ securities-lending revenues from iShares exchange-traded funds investors, and breached its fiduciary duties,” a Reuters report says.

By Staff |February 4, 2013

1 min read

European banks to cut bonuses

Europe’s investment banks, including Barclays, Credit Suisse and UBS, will cut their bonuses by 20% in the coming weeks, reports ft.com. The move will increase the pay gap between U.S. rivals, adds ft.com, and will reduce overall bonus levels for 2012 by up to 15%. Read more. Also read: France won’t be Eurozone victim Time […]

By Wire services |February 4, 2013

1 min read

CFIB helps small biz get ready for end of penny

The Canadian Federation of Independent Business (CFIB) is assisting small businesses to get ready for penniless cash transactions. On February 4, the Royal Canadian Mint will stop distributing one-cent coins to financial institutions and gradually start pulling pennies out of circulation.

By Staff |February 4, 2013

1 min read