Sony falls 3.3 percent to two-month low, Moody’s cuts debt rating to junk
TOKYO (Reuters) – Shares in Sony Corp shed 3.3 percent to a two-month low of 1,654 yen after Moody’s Investors Service cut its debt rating on the Japanese consumer electronics company to junk status, citing challenges in its television and PC businesse…
U.S. frees tech companies to give more spying data
WASHINGTON (Reuters) – U.S. technology companies may give the public and their customers more detail about the court orders they receive related to surveillance under an agreement they reached on Monday with the Obama administration.
Apple’s iPhone sales and outlook lag targets, shares slide
(Reuters) – Apple Inc missed Wall Street’s lofty target for iPhone sales over the crucial holiday shopping season and offered a weaker-than-expected forecast for this quarter, sending its shares down 8 percent on Monday.
Prominent Bitcoin entrepreneur charged with money laundering
NEW YORK (Reuters) – The vice chairman of the Bitcoin Foundation, a trade group promoting the adoption of the digital currency, has been charged by U.S. prosecutors with conspiring to commit money laundering by helping to funnel cash to illicit online …
S&P 500 drops for a third day; Apple down after the bell
NEW YORK (Reuters) – U.S. stocks extended recent losses on Monday, with the S&P 500 falling for a third straight session as concern grew about the Federal Reserve’s plans for withdrawing stimulus.
Since postage is not enough, add debit cards, loans: USPS watchdog
WASHINGTON (Reuters) – The U.S. Postal Service could improve its financial stability if it started offering financial services such as debit cards, small loans and check-cashing, a postal agency watchdog said on Monday.
Tighter regulation of money market funds needed: SEC member
WASHINGTON (Reuters) – Money market funds still remain vulnerable to runs by investors, and should be subject to further regulation to reduce such risks, one of the newest members of the U.S. Securities and Exchange Commission said Monday.
NYSE short interest up 3 percent in early January
NEW YORK (Reuters) – Short interest on the New York Stock Exchange rose 3 percent in the first half of January, the exchange said on Monday.
Nasdaq cancels trades in erroneous transactions
NEW YORK (Reuters) – Nasdaq MarketWatch said on Monday it was cancelling some trades in 11 securities that occurred within the first minute of trading on Monday.
U.S. Steel wins Supreme Court labor fight
WASHINGTON (Reuters) – The U.S. Supreme Court handed a victory to employers on Monday by ruling that a group of unionized steel workers does not have to be paid for the time they spend “donning and doffing” safety gear before and after their shifts.
