Posts From King World News

Stocks jump as expectations ease of U.S. rate hike; oil gains

World stocks jumped on Monday on expectations that U.S. interest rates aren’t likely to rise soon, while oil prices surged after Russia said it was ready to meet with other producers to discuss the market. Oil prices jumped along with copper and gold, lifting U.S. materials and energy shares. It was last up 0.1 percent at 95.89, with gains limited as traders bet the Federal Reserve may delay raising interest

The Scottrade data breach affects 4.6 million accounts

Retail brokerage firm Scottrade has announced that it has been the victim of a major data breach. The company was informed of the disaster by federal law enforcement officials. Scottrade was previously unaware that the breach had taken place until that point. Interlopers were apparently active on the organization’s network around the end of 2013 going into early 2014, and details from no less than 4.6 million user accounts were

Twitter appoints Jack Dorsey CEO, seeks new chairman

Twitter Inc named Jack Dorsey as its permanent CEO but said it would look elsewhere for a chairman, seeking to allay concerns about its co-founder’s dual role as head of the mobile payments company Square. Twitter’s shares rose as much as 6 percent on Monday after the announcement, which ended months of speculation about who would take the top job at the microblogging service. Dorsey has been running Twitter as

U.S. to hold final auction of bitcoins from Silk Road case

The U.S. government on Monday announced that it would hold a final auction of bitcoins seized during the prosecution of the creator of Silk Road, an online black market where illegal drugs and other goods could be purchased with the digital currency. The U.S. Marshals Service said it would hold an online auction on Nov. 5 for about 44,341 bitcoins. The auction will be the last of bitcoins the government

Rare Tintin drawing fetches $1 million in Hong Kong

A rare drawing of comic book hero Tintin by Belgian cartoonist Herge fetched over $1 million at auction in Hong Kong Monday as experts say comic art is becoming as collectible as paintings. The artwork is an illustration from the cartoonist’s “The Blue Lotus” book, published in 1936, which sees Tintin and sidekick Snowy the dog on an adventure in Shanghai. It sold for HK$9.6 million ($1.2 million) and French