Bitcoins are property, not currency, IRS says regarding taxes
WASHINGTON (Reuters) – Wading into a murky tax question for the digital age, the U.S. Internal Revenue Service said on Tuesday that bitcoins and other virtual currencies are to be treated, for tax purposes, as property and not as currency.
Candy Crush maker King Digital valued at more than $7 billion in IPO
(Reuters) – Mobile game maker King Digital Entertainment Plc said that its IPO was priced at $22.50 per share, which would value the maker of “Candy Crush Saga” at about $7.08 billion when it goes public on Wednesday.
Wall Street rebounds; biotech shares snap losing streak
NEW YORK (Reuters) – U.S. stocks ended higher on Tuesday, rebounding from a two-day decline as the hard-hit biotechnology sector regained its momentum and a strong read on consumer confidence increased optimism about the economy.
Facebook to buy virtual reality goggles maker for $2 billion
SAN FRANCISCO (Reuters) – Facebook Inc will acquire two-year-old Oculus VR Inc, a maker of virtual-reality glasses for gaming, for $2 billion, buying its way into the fast-growing wearable devices arena with its first-ever hardware deal.
Exclusives: Market operators hinder CFTC as it seeks to monitor swaps – sources
WASHINGTON (Reuters) – Market operators’ failure to cooperate to provide the Commodity Futures Trading Commission with adequate data is preventing the regulator from effectively monitoring the global swaps market, according to sources familiar with the…
U.S. Senate panel delays hearing on Comcast merger
WASHINGTON (Reuters) – The U.S. Senate Judiciary Committee has postponed a hearing on Comcast’s plan to merge with Time Warner Cable until April 9, the committee said on Tuesday.
Fed officials scramble to clarify timing of U.S. policy tightening
NEW YORK/SAN FRANCISCO (Reuters) – Top Federal Reserve officials rushed on Tuesday to clarify just when the U.S. central bank would finally tighten monetary policy after comments last week from Fed Chair Janet Yellen intensified a guessing game among i…
Exclusive: Blackstone close to $5.5 billion-plus Gates takeover – sources
NEW YORK (Reuters) – Blackstone Group LP is close to a deal to buy industrial conglomerate Gates Global Inc for more than $5.5 billion, people familiar with the matter said, in what would be one of the largest leveraged buyouts so far this year.
Pimco sees Brazil valuations ‘attractive’ in fixed income
SAO PAULO (Reuters) – Fixed-income instruments in Brazil are trading currently at attractive prices for investors with a long-term focus, a senior fund manager at Pacific Investment Management Co said on Tuesday, a fact validated by a spike in investme…
Ex-GM officials could be called to testify in U.S. Congress probe
WASHINGTON (Reuters) – U.S. lawmakers are considering calling on former General Motors Co executives and employees from parts supplier Delphi Automotive to testify as they cast a wide net in their probe of GM’s recall of 1.6 million vehicles with poten…
