Bitcoin exchange Mt. Gox goes dark in blow to virtual currency
TOKYO/ST LOUIS (Reuters) – Mt. Gox, once the world’s biggest bitcoin exchange, abruptly stopped trading on Tuesday and its chief executive said the business was at “a turning point,” sparking concerns about the future of the unregulated virtual currenc…
Morgan Stanley could pay $275 million to settle SEC probe
NEW YORK (Reuters) – Morgan Stanley has reached a $275 million proposed settlement with the U.S. Securities and Exchange Commission that would allow the Wall Street bank to move past a substantial legal overhang from the financial crisis.
SAC to shrink legal entities, hire surveillance officer: letter
BOSTON (Reuters) – SAC Capital Advisors, the once powerful hedge fund that plead guilty to insider trading charges last year, is streamlining its business units and will hire a chief surveillance officer as it transforms itself into a family office.
JPMorgan to cut 8,000 jobs, lowers 2014 profit target
(Reuters) – JPMorgan Chase & Co , the largest U.S. bank, announced thousands of job cuts on Tuesday as the mortgage lending business slows, and said it was lowering its profitability target.
Boeing wins $2.1 billion contract for 16 more P-8 spy planes
WASHINGTON (Reuters) – Boeing Co has been awarded a contract valued at $2.1 billion to build 16 P-8A Poseidon long-range maritime spy planes for the U.S. Navy, the Pentagon announced on Tuesday.
Wall St. slips on day after S&P hits record high
NEW YORK (Reuters) – U.S. stocks edged lower on Tuesday, easing back from record territory a day earlier as weak economic data offset gains in Home Depot and other retail shares.
BofA says under investigation over federal housing program
(Reuters) – Bank of America Corp said on Tuesday that federal investigators are looking into whether the bank violated certain requirements of a government housing program.
Spain’s Repsol agrees to $5 billion settlement with Argentina over YPF
MADRID/BUENOS AIRES (Reuters) – Spanish oil major Repsol said on Tuesday its board of directors approved a $5 billion settlement with the government of Argentina, ending a two-year dispute over the seizure of the company’s operations in the country.
U.S. home price rise momentum weakens, consumer confidence falls
(Reuters) – U.S. home price gains slowed in December, according to a closely watched housing survey on Tuesday that underscored a loss of momentum in the housing recovery, while consumer confidence drifted lower this month.
House oversight panel seeks documents on Target breach
WASHINGTON (Reuters) – A House of Representatives committee with broad investigative jurisdiction has turned up the heat on Target Corp, demanding that the No. 3 U.S. retailer turn over internal documents and messages describing how and when it learned…
