Mt. Gox founder won’t appear in U.S. for questions about bankruptcy case
(Reuters) – Mark Karpeles, the founder of Mt. Gox, said he would not come to the United States to answer questions about the Japanese bitcoin exchange’s U.S. bankruptcy case, Mt. Gox lawyers told a federal judge on Monday.
Apple antitrust compliance off to a promising start: monitor
NEW YORK (Reuters) – Apple Inc has made a “promising start” to enhancing its antitrust compliance program after being found liable last year for conspiring to raise e-book prices, but more work is required, a court-appointed monitor said Monday.
Hedge fund manager Loeb says Sotheby’s attacks on him are ‘false’
BOSTON (Reuters) – Activist investor Daniel Loeb, who is fighting to win control of three board seats at Sotheby’s, on Monday raised the temperature by saying the current board has failed and that its attacks on him are “false” and “misleading.”
Bullish U.S. retail sales brighten growth outlook
WASHINGTON (Reuters) – U.S. retail sales recorded their largest gain in 1-1/2 years in March in a decisive sign the economy is bouncing back from its weather-induced slumber.
Citigroup still has a way to go in cost-cutting program
(Reuters) – At a meeting with 300 senior Citigroup officials in the first week of February, Chief Executive Michael Corbat said the bank needed to focus on two things above all else this year: expenses and efficiency.
Wall Street ends up after Citi results, retail sales
NEW YORK (Reuters) – U.S. stocks closed higher on Monday as Citigroup’s earnings and strong retail sales gave investors reasons to buy equities despite a resurgence of geopolitical uncertainties.
Bitcoin promoter Shrem indicted in NY for money laundering
NEW YORK (Reuters) – Prominent bitcoin entrepreneur Charlie Shrem has been indicted by a federal grand jury in New York on charges of funneling cash to the illicit online marketplace Silk Road.
Monte Paschi may need to raise up to 5 billion euros in cap hike: ANSA
MILAN (Reuters) – Banca Monte dei Paschi di Siena may need to raise up to 5 billion euros ($6.9 billion) through an upcoming capital hike, rather than the 3 billion euros originally planned, Italian news agency ANSA reported on Monday.
Credit Suisse poaches Lazard banker to head Americas financial services
(Reuters) – Credit Suisse AG has hired Jim Spencer from Lazard Ltd as head of financial institutions investment banking for the Americas, according to an internal memo seen by Reuters on Monday.
Google to buy drone-maker Titan Aerospace
(Reuters) – Google Inc has acquired solar-powered drone maker Titan Aerospace as the Web search giant ramps up plans to deliver wireless Internet access to remote parts of the world.
