Google, Apple and other tech firms in Silicon Valley will be charged $1 each time their commuter shuttles will utilize the city's bus stops, Reuters reported.
Legal & Regulatory
US regulators win antitrust case against St. Luke's Health System and Saltzer Medical Group
The Federal Trade Commission scored a victory today after a federal judge ruled that the merger of a hospital chain and a doctor group must be undone because it violated antitrust laws, Bloomberg reported.
Google's Motorola Mobility defeated in most of antitrust case
The Motorola Mobility unit of Google was mostly defeated in the antitrust case it filed against LCD makers it had claimed colluded to fix prices, Bloomberg reported.
OAO Sberbank Chief Gref voices support for Bitcoin
Herman Gref, the Chief Executive of state-run Russian bank OAO Sberbank, has called on the Kremlin to prevent restrictions to the Bitcoin as lawmakers consider curbs, Bloomberg reported.
US financial leaders caution Bitcoin could be used to fund illegal activities
US Treasury Secretary Jack Lew and JPMorgan Chairman & Chief Executive Officer Jamie Dimon cautioned on the dangers of using the Bitcoin and predicted that regulation would most likely end it, the Financial Times reported.
Latest News
JPMorgan ceases work on Chinese IPO candidate as US regulators investigate hiring practices- sources
JPMorgan Chase & Co has stopped working on the planned initial public offering of Chinese firm Tianhe Chemicals as US regulators continue its probe of the bank's hiring practices in China, Reuters reported.
The Bank of Finland said that digital currencies like the Bitcoin cannot be considered an official currency but is more comparable to a commodity, Bloomberg reported.
The Canadian government has finally broken its silence about the Bitcoin, rejecting the digital currency as legal tender in the country, The Wall Street Journal blog Canada Real Time reported.
Sources told The Wall Street Journal that private equity-owned discount retailer Dots LLC is readying itself to file for bankruptcy as the company struggles from the competition given by flash sites.
The Office of the New York Attorney General will continue with the lawsuit without claim to damages it lodged against Bank of America over its 2009 purchase of Merrill Lynch, Bloomberg reported.
Hewlett-Packard has said it has already arrived at decisions on how to go about solving shareholders' securities fraud claims for the writedown it took on its Autonomy Plc acquisition, Reuters reported.
The US Federal Trade Commission has given its approval to the purchase of Harris Teeter by Kroger Co, according to a statement from both supermarket chains, Reuters reported.
The Office of the Comptroller of the Currency ordered Rabobank in December to straighten out the issues plaguing its anti-money laundering programs in an order made public recently, Reuters reported.
The Criminal Prosecutions Bureau has been expanded by New York Attorney General Eric Schneiderman to the Criminal Enforcement and Financial Crimes Bureau to focus on financial wrongdoing, Bloomberg reported.
