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Jul 22, 2014

MarketWatch | Personal Finance -July 22, 2014-. Hackers bypass online security at 34 banks by MarketWatch

By Priya Anand, MarketWatch 
Cybercriminals are sneaking past security protections to access online accounts across 34 banks in Switzerland, Sweden, Austria and Japan. And in doing so, experts say, the hackers are defeating what’s often touted as one of the more effective online security protocols.

The attack can get past two-factor authentication, which requires customers to type in a code sent to their cellphone or inbox to ensure the user is who he or she claims to be, by convincing customers to download a malicious smartphone app, according to a report released Tuesday by the security firm Trend Micro. The researchers dubbed the technique “Emmental” — like the Swiss cheese — because they say it shows the security flaws in online banking. So far, funds “in the seven figures” have been taken from bank accounts, according to Trend Micro spokesman Thomas Moore.
In typical form, the attack begins with realistic-looking phishing emails that install malware to give hackers control. Then the malware deletes itself, leaving no traces, and users are redirected to malicious servers when using banking websites. The website asks users to log in, and then install a special mobile app to receive the security code to log on. Instead of fostering more secure transactions, the app intercepts customer data.
Two-factor authentication, hailed as an essential second gatepost for online accounts, can sometimes prove to be an empty promise. Experts have found that the text messages that banks send customers can be intercepted, or in other cases, the hackers can scrape peoples’ screens to know the answers to extra security questions. Last month, PayPal said it was working to fix a flaw in its two-step authentication that virtually made the extra layer useless.
“This is a threat that’s going to migrate west,” says Tom Kellermann, Trend Micro’s chief cybersecurity officer, adding that European banking security is more stringent and “if this attack code is viable against those institutions, then it will be even more prevalent here in the U.S.”
The researchers said they found Russian slang in the app’s code, including the phrase “Obnilim rid,” which translates to “set to zero.” They also found connections originating from Romania, according to the report.
“This shows technical sophistication on par with the intelligence community,” Kellermann says. 
Priya Anand is MarketWatch's consumer fraud reporter. She is based in New York. You can follow Priya on Twitter @PriyaIdeas.

YouTube RT| Keiser Report: Goldfish Cryptocurrency (E630. -July 22, 2014-.



RT has uploaded Keiser Report: Goldfish Cryptocurrency (E630)


In this episode of the Keiser Report, Max Keiser and Stacy Herbert remember George W. Bush in 2008 saying Wall Street got drunk, needs to sober up and stop playing with fancy financial instruments as today those 'fancy financial instruments' go downmarket with subprime loans on used automobiles. In the second half, Max interviews Jan Skoyles, CEO of the Real Asset Company, about bitcoin, silver and gold and the new service of offering gold on the blockchain!

YouTube | RT - July 22, 2014: GRAPHIC: Ukraine tank smashed, crew killed by rebels in Donetsk outskirts



RT has uploaded GRAPHIC: Ukraine tank smashed, crew killed by rebels in Donetsk outskirts



GRAPHIC: Ukraine tank smashed, crew killed by rebels in Donetsk out...
RT

A pro-Russian fighter was filmed on Tuesday standing guard next to the bodies of what he claimed were Ukrainian soldiers, a day after battles erupted again on the outskirts of the contested city of Donetsk, in eastern Ukraine - READ MORE http://rt.com/tags/ukraine/

DealBook P.M. Edition - July 22, 2014: Top Story: Ackman's 'Death Blow' to Herbalife Falls Short of Its Billing

For the latest updates, go to dealbook.nytimes.com »
TUESDAY, JULY 22, 2014
TOP STORY
William A. Ackman used a trove of documents to try to prove his case that Herbalife is a pyramid scheme.
Ackman's 'Death Blow' to Herbalife Falls Short of Its Billing The hedge fund billionaire William A. Ackman spent more than three hours trying to convince everyone who would listen that Herbalife is a fraud. Its stock rose nearly 20 percent.
For the latest updates, go to dealbook.nytimes.com »
DEALBOOK HIGHLIGHTS
William O'Brien was president of BATS Global Markets.
BATS President William O'Brien Departs Mr. O'Brien had been in the spotlight earlier this year after he sparred on CNBC with the author Michael Lewis and Brad Katsuyama of IEX about high-speed trading.
Renaissance Hedge Fund Chief Defends Use of 'Basket Options'Peter Brown, co-chief executive of Renaissance Technologies, denies that the complicated financial instruments were used with the primary objective of skirting higher tax rates.
Senate Panel Takes On Tax Inversions Lawmakers spoke out against American companies reincorporating abroad, but there was no consensus on how to address the issue.
As the New York attorney general, Eliot Spitzer investigated conflicts of interests by Wall Street analysts.
Spitzer Returns, Taking Aim Again at Financial Analysts Eliot Spitzer, the disgraced former governor of New York, is now backing a website called TipRanks, an Israeli start-up that aims to hold financial experts accountable for their stock recommendations.
Under his offer for Time Warner, Rupert Murdoch would own less than 10 percent of the combined company.
Reuters Breakingviews: Time Warner Deal Clad in the Emperor's Old Clothes Time Warner stockholders should remain cautious about trading their shares for those in 21st Century Fox, where power would still be consolidated in the hands of Rupert Murdoch, Rob Cox writes for Reuters Breakingviews.
A  Catalunya Banc branch in Barcelona, Spain.
Spain Sells Catalunya Banc to BBVA for $1.6 Billion The auction of the state-owned Catalunya Banc, which was pushed back twice over concerns about its mortgages, helps Spain move closer to cleaning up its banking sector.
John A. Thain, head of the CIT Group.
CIT to Buy OneWest for $3.4 Billion The CIT Group, which is run by John A. Thain, has agreed to acquire the parent company of OneWest Bank for $3.4 billion in cash and stock.
Some of the products of Smithfield Foods are displayed at news conference in Hong Kong.
Chinese Pork Producer Rekindles Hopes For I.P.O.Three months after it scrapped plans for a $5.3 billion share sale, WH Group is back with a leaner offering that will seek to raise about $2 billion.
The bank in May pleaded guilty to one count of conspiring to aid tax evasion.
Credit Suisse Posts Largest Loss Since 2008 After U.S. Settlement The bank reported a second-quarter loss of $779 million and said that it planned to exit the commodities business.
BUZZ TRACKER
Goldman Sachs Managing Director Found Dead Nicholas Valtz, 39, a managing director at Goldman Sachs in New York, was found dead on Sunday after kiteboarding, Bloomberg News reports.
LOOKING AHEAD
Facebook Expected to Post Sterling Quarterly Results Facebook will report its second-quarter results on Wednesday, and analysts predict the company will continue its recent run of strength. Revenue is projected to rise about 55 percent compared with the period a year earlier, and earnings per share are expected to be up about 68 percent after excluding stock compensation expenses. Investors will be looking for more insight into Facebook's evolving advertising strategy and watching for any sign that use of the service is dropping off.
Europe to Question Online Search Providers Europe's data-protection regulators will question the operators of some of the world's largest search engines on Thursday about how they are carrying out a recent court ruling, which gives individuals the right to request that links leading to information about themselves be removed from search results. Google has said it has received more than 80,000 requests for links to be removed.
For the latest updates, go to dealbook.nytimes.com »

WSJ | Most Actives Closing July 22, 2014.

Most Actives Closing
Most Active Stocks by Volume
4:32 pm ET 07/22/2014
NYSE
ISSUEVOLUMEPRICECHG% CHG
Bank of America (BAC)57,168,850$15.520.000.00
Rite Aid (RAD)39,302,1137.280.192.68
General Electric (GE)33,604,73726.020.040.15
Advanced Micro Devices (AMD)33,161,1543.800.020.53
Alcoa (AA)30,759,18117.090.472.83
EMC (EMC)28,386,52028.520.190.67
Herbalife (HLF)27,889,78967.7713.7525.45
Petroleo Brasileiro ADS (PBR)27,168,32817.620.201.15
Regions Financial (RF)26,392,10010.10-0.09-0.88
Coca-Cola (KO)24,401,40541.19-1.21-2.85
Ford Motor (F)23,526,46817.820.120.68
Nokia ADS (NOK)19,880,6517.720.091.18
Vale ADS (VALE)19,602,77514.430.181.26
Pfizer (PFE)17,729,36030.490.140.46
Twitter (TWTR)16,786,85937.65-0.40-1.05
AT&T (T)16,061,46935.94-0.02-0.06
Verizon Communications (VZ)14,657,53750.980.280.55
KeyCorp (KEY)14,484,70113.55-0.13-0.95
AbbVie (ABBV)14,074,40654.050.050.09
Oracle (ORCL)13,540,95440.430.421.05
CBS Cl B (CBS)13,281,39459.40-1.03-1.70
Citigroup (C)12,835,72649.600.250.51
SouFun Holdings (SFUN)12,421,89710.820.343.24
International Paper (IP)12,283,03147.11-1.24-2.56
McDonald's (MCD)12,216,51196.27-1.28-1.31
 
Nasdaq
ISSUEVOLUMEPRICECHG% CHG
Apple (AAPL)48,373,563$94.720.780.83
FuelCell Energy (FCEL)42,428,3262.470.2611.76
Intel (INTC)40,970,71134.790.732.14
Facebook Cl A (FB)39,811,09469.27-0.13-0.19
Microsoft (MSFT)39,148,54944.83-0.01-0.01
Cisco Systems (CSCO)28,258,92525.950.100.39
Applied Materials (AMAT)24,802,70422.52-0.39-1.70
PowerShares QQQ Trust Series 1 (QQQ)22,355,01196.610.610.64
Zynga (ZNGA)20,117,2513.04-0.06-1.94
Sirius XM Holdings (SIRI)19,677,6923.480.020.58
Yahoo! (YHOO)17,934,34633.600.320.96
Glu Mobile (GLUU)15,636,8277.34-0.13-1.74
21st Century Fox Cl A (FOXA)15,507,90433.340.451.37
Comcast Cl A (CMCSA)15,344,14154.630.811.51
RF Micro Devices (RFMD)14,234,48510.72-0.07-0.65
Micron Technology (MU)14,227,02733.630.561.69
Huntington Bancshares (HBAN)13,885,2649.840.101.03
Groupon (GRPN)12,768,6986.23-0.03-0.48
Gilead Sciences (GILD)12,085,36089.330.470.53
Steel Dynamics (STLD)11,077,79421.690.944.53
Cadence Design Systems (CDNS)11,053,84917.03-0.47-2.69
Fifth Third Bancorp (FITB)10,832,81820.700.170.83
American Realty Capital Properties (ARCP)10,575,91412.93-0.15-1.15
Flextronics International (FLEX)10,450,70711.110.211.93
Qualcomm (QCOM)10,427,22781.531.862.33
 
NYSE Arca
ISSUEVOLUMEPRICECHG% CHG
SPDR S&P 500 ETF Trust (SPY)62,384,158$198.200.860.44
iShares MSCI Emerging Markets ETF (EEM)42,140,71744.720.410.93
iShares Russell 2000 ETF (IWM)29,563,619114.730.960.84
Barclays Bank iPath S&P 500 VIX Short Term Futures ETN (VXX)21,362,00827.94-0.57-2.00
Market Vectors ETF Trust Market Vectors Gold Miners (GDX)20,698,65426.59-0.31-1.15
Direxion Daily Small Cap Bear 3x Shares (TZA)18,224,31415.16-0.40-2.57
iShares China Large-Cap ETF (FXI)17,820,22639.070.862.25
iShares MSCI Brazil Capped ETF (EWZ)14,093,48951.680.601.17
Select Sector SPDR-Consumer Staples (XLP)13,398,63744.91-0.08-0.18
Vanguard FTSE Emerging Markets ETF (VWO)13,175,19444.850.461.04
Select Sector SPDR-Financial (XLF)12,795,00822.920.070.31
iShares MSCI EAFE ETF (EFA)11,906,56067.930.300.44
iShares MSCI Japan ETF (EWJ)9,587,86212.140.040.33
Direxion Daily Small Cap Bull 3x Shares (TNA)8,112,92973.651.792.49
iShares MSCI Taiwan ETF (EWT)7,948,79516.310.150.93
iShares MSCI Hong Kong ETF (EWH)7,606,52721.450.261.23
iShares U.S. Real Estate ETF (IYR)7,445,17473.170.310.43
VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (DGAZ)6,982,2824.840.306.61
ProShares UltraShort S&P500 (SDS)6,932,57824.76-0.22-0.88
Market Vectors Junior Gold Minets ETF (GDXJ)6,134,67442.89-1.25-2.83
ProShares Ultra VIX Short-Term Futures ETF (UVXY)5,969,50625.06-1.11-4.24
Select Sector SPDR-Energy (XLE)5,939,91499.850.710.72
WisdomTree India Earnings Fund (EPI)5,733,94622.770.331.47
SPDR S&P Oil&Gas Exploration&Production ETF (XOP)5,591,00979.180.660.84
Select Sector SPDR-Health Care (XLV)5,548,82561.690.530.87
 
Composite
ISSUEVOLUMEPRICECHG% CHG
Plug Power (PLUG)79,450,296$5.47-0.22-3.87
SPDR S&P 500 ETF Trust (SPY)62,384,158198.200.860.44
Bank of America (BAC)57,168,85015.520.000.00
Apple (AAPL)48,373,96394.720.780.83
FuelCell Energy (FCEL)42,428,3262.470.2611.76
iShares MSCI Emerging Markets ETF (EEM)42,140,71744.720.410.93
Intel (INTC)40,970,71134.790.732.14
Facebook Cl A (FB)39,811,09469.27-0.13-0.19
Rite Aid (RAD)39,302,1137.280.192.68
Microsoft (MSFT)39,148,54944.83-0.01-0.01
General Electric (GE)33,604,73726.020.040.15
Advanced Micro Devices (AMD)33,161,1543.800.020.53
Alcoa (AA)30,759,18117.090.472.83
iShares Russell 2000 ETF (IWM)29,563,619114.730.960.84
EMC (EMC)28,386,52028.520.190.67
Cisco Systems (CSCO)28,258,92525.950.100.39
Herbalife (HLF)27,889,78967.7713.7525.45
Petroleo Brasileiro ADS (PBR)27,168,32817.620.201.15
Regions Financial (RF)26,392,10010.10-0.09-0.88
Applied Materials (AMAT)24,802,70422.52-0.39-1.70
Coca-Cola (KO)24,401,40541.19-1.21-2.85
Ford Motor (F)23,526,46817.820.120.68
PowerShares QQQ Trust Series 1 (QQQ)22,355,01196.610.610.64
Barclays Bank iPath S&P 500 VIX Short Term Futures ETN (VXX)21,362,00827.94-0.57-2.00
Market Vectors ETF Trust Market Vectors Gold Miners (GDX)20,698,65426.59-0.31-1.15
 
See All Most Actives
 
Footnotes
Includes common, closed end funds, ETFs, ETNs and REITS
x - stock is trading ex-dividend
Source: WSJ Market Data Group