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A recent attack on the private e-mail account of an administrative employee at Twitter led to company data being compromised. But despite the focus on password strength and cloud computing, the security risk lays in the area of password recovery and security best practices. - In the aftermath of the latest Twitter breach, much has been written about password strength and the risks of cloud computing. But when it comes to the two most recent hacks targeting Twitter employees, there are other issues involved. After all, password strength in and of itself means n...

MGIC Investment Corp., a major provider of Private Mortgage Insurance, announced nearly $340 million in losses for the second quarter. The company also revealed plans to shift a major part of its operations to a subsidiary in order to comply with capital requirements....(read more)

Ireland's economy is in free-fall GDP contracted by an alarming 8.5% year on year in the first quarter of 2009, while the fall in domestic demand was even more marked at 15.5%. These contractions were larger than any other high-income OECD country, reflecting the impact of the collapse in Ireland's property market and the decimation of its construction sector. Surging job losses are now weighing heavily on private consumption and, with the public finances in disarray, the extent of downside risk to the Irish economy appears without precedent. Ireland is mired in a recession of a different order from those being seen in its developed-economy peers. According to recently released national accounts data, GDP collapsed year on year by 8.5% in the ...

NEW YORK, July 16 (Reuters) - Fashion clothing maker Kellwood Co [KWD.UL], owned by private equity firm Sun Capital, said on Thursday it failed to renegotiate and extend a crucial $140 million bond issue before it matured.

CIT, the finance company struggling to avoid a Chapter 11 filing as soon as tomorrow, is seeking to line up between $2 to $3 billion in secured financing from private investors over the next day, acco...

Threequarters of savers who lost money through the collapse of the offshore arm of an Icelandic bank will get back all of their money by September.

On the 40th anniversary of the Apollo 11 moon mission, the privatization of space travel is underway. While the prospect of a spacecraft in every garage isn't near, some companies hope to sell suborbital flights -- to the edges of space -- within the next few years.

Tens of billions of dollars in financing arrangements are in troubleASIA may be the bounciest part of the world economy, but many investors in the region are feeling decidedly deflated. The source of their misery is the private-placement market, which offered great riches before the crisis but now provides little protection after it. The scale of the mess is unclear but a rare window into one of these transactions opened in May when half a dozen Western hedge and private-equity funds were named in various legal actions filed in London and Jakarta by shareholders of CP Prima, a large Indonesian agricultural company.In 2007 the funds provided $200m to finance CP Prima’s consolidation of the region’s shrimp-farming operations. The financial crisis and a devastating virus sent CP Prima’s share price spiralling downward. The firm’s controlling shareholders are now demanding billions of dollars in damages from its bondholders for taking control of a Singaporean specia

THE Australian sharemarket has posted a third successive day of strong gains, buoyed by energy and banking stocks, and a positive lead from offshore bourses.

As lawmakers debate how to pay for an overhaul of the nation's health care system, a new report from The Commonwealth Fund projects that including both private and public insurance choices in a new insurance exchange would save the United States as much as $265 billion in administrative costs from 2010 to 2020. Congressional leaders are attempting to keep 10-year federal budget costs of health care reform legislation under $1 trillion.