Bitcoin’s promise: a financial revolution the web’s been waiting for
(Reuters) – Bitcoin may not be the messiah of a new currency its hardcore fans yearn for, but it may herald the deeper financial revolution the internet has been waiting for.
Mosaic CEO has cancer, plans to stay on job
(Reuters) – Mosaic Co Chief Executive Jim Prokopanko has been diagnosed with cancer, but plans to continue in his role, the U.S. fertilizer company said on Thursday.
J&J gets $1.2 billion Arkansas Risperdal judgment tossed out
(Reuters) – Johnson & Johnson on Thursday won a reversal by the Arkansas Supreme Court of a $1.2 billion judgment imposed after a jury concluded that the drugmaker improperly marketed its anti-psychotic drug Risperdal and concealed its risks.
McDonald’s COO retiring; role being eliminated
(Reuters) – McDonald’s Corp on Thursday said its operations chief will retire later this year and won’t be replaced in that role, with the restaurant chain opting instead to give additional responsibilities to two senior executives.
Europe strikes deal to complete banking union
BRUSSELS (Reuters) – Europe took the final step to complete a banking union on Thursday with an agency to shut failing euro zone banks, but there will be no joint government back-up to pay the costs of closures.
Bouygues re-opens French telecoms takeover battle with new SFR offer
PARIS (Reuters) – Conglomerate Bouygues re-opened the battle to buy France’s second biggest telecoms provider SFR on Thursday with a new offer less than a week after owner Vivendi began exclusive talks with rival bidder Numericable.
U.S. judge approves Toyota $1.2 billion settlement over concealing defects
NEW YORK (Reuters) – A U.S. judge signed off on Toyota Motor Corp’s $1.2 billion settlement of criminal charges that it concealed safety problems in its vehicles, an accord that could serve as a model for a similar probe into General Motors Co .
Long-term jobless face a dark future in U.S.: study
WASHINGTON (Reuters) – The millions of Americans suffering through long stretches of unemployment could be left behind as the economy strengthens, a study by an influential former White House economist found.
Airbnb in funding talks valuing it at about $10 billion: source
(Reuters) – Online home-rental marketplace Airbnb Inc is in advanced talks with private equity firms including TPG Capital Management LP to raise funds that would value the company at about $10 billion, a person briefed on the matter said Thursday.
U.S. jobs, factory data show improvement; housing lags
WASHINGTON (Reuters) – The number of Americans filing for jobless benefits hovered near three-month lows last week and factory activity in the Mid-Atlantic region rebounded this month, suggesting the economy is regaining strength after being hobbled by…
