Fri, Mar 7 2014
SAN FRANCISCO - A few days after selling WhatsApp to Facebook for $19 billion, Jan Koum stepped into a suite at the St. Regis Hotel in San Francisco to celebrate with old friends, including CEOs, reformed hackers and a few people who fell into both those camps.
NEW YORK - A New York businessman must face criminal fraud charges for trying to claim a billion-dollar stake in social media company Facebook Inc, a federal judge ruled on Friday.
LONDON - Amazon's tax affairs could come under more scrutiny in Britain, tax experts said, after a judge questioned whether it really was organized in the tax efficient way it said it was.
- Credit card companies MasterCard Inc and Visa Inc said they had formed a new cross-industry group to enhance payment system security across networks.
LONDON/BOSTON - A sophisticated piece of spyware has been quietly infecting hundreds of government computers across Europe and the United States in one of the most complex cyber espionage programs uncovered to date.
BEIJING - Baidu Inc has formed a partnership to apply for a private banking license, as China's biggest search engine provider moves from acting as a store front for money market funds to a certified financial institution.
TOKYO - A week after the collapse of Mt. Gox, Japan is still struggling to craft a response to the bitcoin phenomenon, saying the crypto-currency is not legal tender, though it might be taxable and subject to money-laundering controls.
TOKYO - Sony Corp said on Friday that it would book about a 10 billion yen ($97 million) profit in the next fiscal quarter on the sale of Tokyo property, as it disposes of assets under a turnaround effort.
BEIJING - Beijing police have told prominent users of the microblogging site Weibo to cease comments deemed hurtful, including suggestions that authorities misled the public with accounts of a deadly train station attack blamed on militants from Xinjiang.
TEMPLE CITY, California - A Japanese American man thought to be the reclusive multi-millionaire father of Bitcoin emerged from a modest Southern California home and denied involvement with the digital currency before leading reporters on a freeway car chase to the local headquarters of the Associated Press.
The Scottish government wants to be part of a sterling zone if the people vote for independence, as alternatives to the pound aren’t attractive. But it’s hard to see the rest of the UK agreeing to such a deal – except on terms that would affront Scotland’s amour propre.