SecondMarket founder and chief executive Barry Silbert claimed in an article on Entrepreneur that Wall Street will soon invest their money in hundreds of millions into Bitcoin.
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Afghanistan woos corporate India amid concerns over US pact
Indian investors at a December 14 speech by Afghan President Hamid Karzai were not convinced that the latter's country is safe enough to carry out their investment plans, according to a Bloomberg report.
North Korean calls on its citizens doing business in China to come home
The government of North Korea under Kim Jong-un appeared to be purging close allies of disgraced political leader and family member Chang Song-thaek as the former orders its business people in China to come home.
Abu Dhabi Fund to develop Montenegro luxury resort
The the government of the United Arab Emirates through its Abu Dhabi Investment Authority (ADIA) agreed to develop a luxury tourism resort in Montenegro, said Prime Minister Milo Dukanović in a statement published on his government's website.
Facebook CFO David Ebersman raises $26.6 million in another share sale
Facebook chief financial officer David Ebersman early this week sold 532,400 shares in the social networking company at an average price of $50 per share. Ebersman reportedly raised $26.2 million in the deal.
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China Daily on Thursday quoted National Development and Reform Commission's (NDRC) anti-price-fixing bureau Xu Kunlin, who said his agency has substantive evidence to prove that chipmaker Qualcomm Inc is involved in price-fixing acts.
At his annual speech at the Kremlin, President Vladimir Putin acknowledged that actions to improve Russia's business climate should be done immediately after finally conceding that the state's economic problems were grown at home.
JC Penney Co Inc CEO Mike Ullman told Reuters exclusively that the company is planning to dispose and trim some of its top name brands like Joe Fresh clothes and its own jcp menswear in order to focus on brands that generate more sales for the company.
Mizuho Financial Group Inc were said to be focusing on hedge funds as its potential buyers of corporate bonds at the height of the securities trading at below face values, Bloomberg said in its report.
A report by former investment banker and Wall Street observer Robert Lenzner highlighted the points why financial markets should welcome the appointment of a conservative and experienced economist like Stanley Fischer a vice chair of the US Federal Reserve.
In a note to its users via its Help page, the team at Yahoo Inc said its Mail service is now back for most of the users, and is working to restore its IMAP access to achieve full functionality of the free Web service.
The board of directors at Ford Motor Co is keen to know the immediate career plans of its chief executive officer, Alan Mulally, as speculation about the latter being the next head of Microsoft intensifies.
In a report by CNET, Ubuntu founder Mark Shuttleworth said that it had signed a deal with a major manufacturer to create and ship smartphones running on Ubuntu Touch OS.
PayPal president David Marcus played down the factors Bitcoin obtained in recent months as a potential currency and insisted that it is rather an asset, according to a VentureBeat article.
