financial data

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Hackers Had Little Trouble in Citigroup Breach

And things are probably only going to get worse

(Newser) - News that hackers busted through Citigroup's online defenses and stole information on 200,000 customers is bad enough. The New York Times makes it worse with two additional points: The hack itself was relatively easy, and we should expect a lot more similar attacks in the near future. “... More »

Bloomberg Gets BusinessWeek for $5M

Financial-news giant founded by current NYC mayor promises it won't gut mag

(Newser) - Financial-news giant Bloomberg is the winning bidder for BusinessWeek, acquiring the 80-year-old magazine for between $2 and $5 million from parent McGraw-Hill, plus any liabilities associated with the purchase—not exactly a princely sum. “We are not buying BusinessWeek to gut it. We are buying it to build it,... More »

ID-Theft Ring Victimized Bernanke

Thieves used pickpocketed IDs, checkbooks for fraud

(Newser) - No less a public figure than the chairman of the Federal Reserve was one of 500 individuals victimized by an identity-theft ring that combined technologically sophisticated methods with old-fashioned thievery to bilk $2.1 million from consumers and financial institutions, Newsweek reports. The ringleader of the group, Clyde Austin Gray... More »

Dow Ends Big Week Up 13

(Newser) - The markets stalled today even as the Dow flirted with its peak for the year, the Wall Street Journal reports. An early rally on better-than-expected job loss data lost steam on news that the unemployment rate itself grew to its highest since 1983. And insiders aren’t sure that oil... More »

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