Exclusive: Bitcoin promoter to plead guilty to unlicensed money transmission
NEW YORK (Reuters) – Bitcoin entrepreneur Charlie Shrem has reached a plea deal to resolve U.S. charges that he engaged in a scheme to sell over $1 million of the digital currency to users of illicit online marketplace Silk Road, his lawyer said Friday…
Exclusive: Intel hires senior Qualcomm exec to boost mobile business
SAN FRANCISCO (Reuters) – Chipmaker Intel Corp has hired Amir Faintuch, a senior executive at rival Qualcomm Inc , to step up efforts in mobile and Internet-connected gadgets.
IMF board stands behind Lagarde over French probe
WASHINGTON (Reuters) – The International Monetary Fund’s board on Friday stood behind the global lender’s leader Christine Lagarde, who is facing a criminal investigation in France tied to a political corruption probe dating from 2008.
Oracle loses bid to restore $1.3 billion SAP verdict, could get new trial
(Reuters) – Oracle Corp failed to revive a $1.3 billion jury verdict in its long-running copyright dispute with German software company SAP SE as a U.S. appeals court said Oracle must choose to accept a lower amount or face a new trial.
S&P 500 edges up to set new record; best month since Feb
NEW YORK (Reuters) – U.S. stocks closed out a strong month on a quiet note on Friday, with the S&P 500 posting a modest gain to close at a new record as the latest positive data helped extend a rally that had been briefly threatened by overseas concerns.
U.S auto sales seen ending summer without a sizzle
DETROIT (Reuters) – U.S. auto industry sales in August will be about even with a year ago, not quite ending the summer in a sizzling fashion but still warm enough to continue the recovery from a recession now five years in the rear-view mirror.
Exclusive: U.S. options exchanges craft rules to fend off turmoil
NEW YORK (Reuters) – A year after Goldman Sachs bungled a software upgrade and lost tens of millions of dollars from unintended trades, the 12 U.S. stock options exchanges have crafted new rules for dealing with erroneous transactions, according to dra…
AT&T sues Cox Communications for patent infringement
(Reuters) – AT&T is suing Cox Communications for infringing eight patents dealing with network quality after the regional cable provider ignored its complaints about the issue and made “billions” off of the technology, according to a new lawsuit.
Kraft issues voluntary recall of some American Singles cheese product
NEW YORK (Reuters) – Kraft Foods Group Inc said on Friday it is voluntarily recalling 7,691 cases of some varieties of its Kraft American Singles as a precautionary measure after a supplier failed to store an ingredient correctly.
Part of Espirito Santo empire may try to block sale of insurer
LISBON (Reuters) – Part of the troubled business empire of Portugal’s Espirito Santo family said on Friday it may try to block the planned sale of an insurance company it once controlled, adding to opposition already expressed by a group of investors.
