A man who helped to promote bitcoin wants to remain in the business despite pleading guilty Thursday to indirectly helping send more than $1 million in the digital currency to users of the illicit online marketplace Silk Road, his lawyer said.
Legal & Regulatory
Time Warner Cable employees to share $416 million under retention plan
Employees of Time Warner Cable will be $416 million richer even if the cable operator's merger with Comcast does not close, a move designed to keep staff from bolting while federal regulators contemplate the deal.
Ford recalls 191,770 Focus sedans in China on fuel leak risk
Ford Motor Co will recall 191,770 cars in China from Friday to replace some parts after a quality watchdog found a fuel leak risk in the Ford Focus, the country's best-selling compact sedan.
New Orleans council clears Uber, others to offer luxury online taxi service
New Orleans lawmakers cleared online for-hire car firms such as Uber on Thursday to offer luxury taxi-like services in the city, handing the fast-growing sector a partial legal victory.
BP can absorb new oil spill fine, analysts say
BP should be able to meet the cost of up to $18 billion of new fines for the 2010 Gulf of Mexico oil spill without major asset sales or a big cut in its dividend, analysts say.
Latest News
Google's (GOOGL.O) antitrust deal with EU regulators was criticized by Microsoft (MSFT.O) and other competitors in a last-ditch attempt to influence European Competition Commissioner Joaquin Almunia before he leaves office at the end of October.
Logitech said it would make minor adjustments to past earnings due to erroneously booking inventories, bringing an end to a three-month investigation without any financial penalties or hit to current results.
Goldman Sachs (GS.N) is reviving plans to issue at least $500 million worth of Islamic bonds, a sign that Islamic finance is going mainstream as big conventional banks seek to tap Middle Eastern money.
German lender Commerzbank AG (CBKG.DE) is nearing agreement with U.S. authorities over its dealings with Iran and other countries under U.S. sanctions, sources familiar with the matter said.
European Union antitrust regulators fined Philips, Samsung Electronics and Infineon Technologies a total of 138 million euros ($181.28 million) on Wednesday for fixing prices of chips used in mobile SIM cards.
Pakistan's parliament threw its weight behind embattled Prime Minister Nawaz Sharif on Tuesday as a deepening crisis over violent protests demanding his resignation prompted fears of an army intervention.
Virgin Money [NRTRK.UL], the British financial services company partly owned by Sir Richard Branson, is in talks over a possible 2 billion pound ($3.32 billion) stock market listing as early as next month, Sky News reported on Sunday, citing people familiar with the matter.
European Union antitrust regulators will decide by Oct. 3 whether to clear world No. 1 online social network Facebook's $19 billion offer for mobile messaging startup WhatsApp, the European Commission said on Monday.
Citigroup Inc (C.N) has told senior staff in Europe that they would receive fixed monthly pay in addition to their salaries in an attempt to compensate for rules that limit bonuses to up to twice the level of base salaries, the Financial Times reported, citing several people.
