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Press Releases

NY approves new virtual currency exchange

ALBANY, N.Y.— New York state has approved regulations allowing a new virtual currency called Ether. Andrew Cuomo, a Democrat, and the state's Department of Financial Services announced the move Thursday. The exchange will be operated by Gemini Trust Company LLC, which was founded by Cameron and Tyler Winklevoss.

Source: The Associated Press

UPDATE 1-Brazil judge ratifies Samarco settlement with gov't over dam burst

RIO DE JANEIRO, May 5- A Brazilian judge on Thursday ratified the settlement Samarco and its owners, BHP Billiton and Vale SA, signed with the Brazilian government in March to cover damages for a deadly dam spill last year, Vale said in a statement. The move potentially saps some of the energy from a separate $44 billion lawsuit filed by federal prosecutors on...

Source: Reuters

Wal-Mart brings back greeters at the store door

NEW YORK— Those smiley door greeters are back at Wal-Mart. Greeters were a tradition that its late founder Sam Walton started. The move comes as the Bentonville, Arkansas- based retailer is working to improve sales and service amid fierce competition from outlets ranging from dollar stores to online leader

Source: The Associated Press

White House calls FDA e-cigarettes move a 'common sense' proposal

WASHINGTON, May 5- The White House called the Food and Drug Administration move on Thursday to ban the sale of e-cigarettes and cigars to anyone under age 18 and impose other regulations a "common sense proposal" that helps the public health and safety of Americans. "This is a common sense proposal carefully considered by the FDA," White House spokesman Josh Earnest...

Source: Reuters

Gross says Fed should 'drop money from helicopters'

Janus Capital's Bill Gross tells the Fed what its next big monetary and fiscal policy move should be.


Utility installing home batteries that stockpile power

COLCHESTER, Vt.— Green Mountain Power in Vermont said Wednesday it has begun installing home batteries that enables customers to store power for use during outages. "This is all about delivering on what our customers need to move away from the antiquated, bulk power system to one that is cleaner and more reliable, where we generate power closer to where it's used,"...

Source: The Associated Press

Starboard's Smith targeting pharma firm for proxy fight

Starboard Value is making a move against a pharmaceutical company it says is mismanaged, CEO Jeff Smith said Wednesday.


Egypt extends suspension of capital gains tax

CAIRO— Egypt has extended the suspension of a capital gains tax on the stock market until May 2017. The decision, announced Wednesday on state news agency MENA, was attributed to Deputy Finance Minister Amr Munir, who said the move was to improve investor confidence and maintain tax stability. The government suspended the tax last May, saying the move was part of...

Source: The Associated Press

Aeropostale files for Chapter 11 bankruptcy protection

The company said it would move quickly to close 113 of its 739 U.S. stores and all 41 of its Canada stores, USA TODAY reported.

Source: USA Today

European shares led down by Dialog and BHP; Athens outperforms

*Athens outperforms as Morgan Stanley turns bullish. LONDON/ MILAN, May 4 (Reuters)- European stocks fell on Wednesday, hovering near three-week lows, with shares in Dialog Semiconductor slumping after it cut its revenue outlook and BHP Billiton stock dropping on news of a lawsuit filed against it in Brazil. "We may have the odd move higher, but we remain in a...

Source: Reuters