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By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Gemini Trust Company, founded by investors Tyler and Cameron Winklevoss, has been granted a license to operate as a chartered limited liability trust company by the New York State Department of Financial Services, the state regulator announced on Monday. Under the charter, Gemini will operate a bitcoin exchange and will officially open for trading on Thursday at 9:30 a.m. (1330 GMT)) serving both
European banks and insurers could face new rules to control their use of “big data” to target customers with products after EU watchdogs said they would investigate the area. The global financial services industry is expected to spend billions of dollars in coming years to improve their analysis capabilities. The three EU financial regulators – the European Banking Authority, European Securities and Markets Authority, and European Insurance and Occupational Pensions
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Cash-out home refinances jumped 68 percent in the second quarter of this year compared to a year ago. Should we be worried?
The former Federal Reserve chief also said there’s been too much reliance on the Fed, and other policymakers in the government need to step up.
American Apparel, one of the only clothing retailers still manufacturing in the United States, said its stores and manufacturing operations would continue to operate normally under a restructuring deal reached with most secured lenders. The big loser will be founder Dov Charney, who was fired as CEO in December for alleged misconduct, including misusing company funds and failing to stop a subordinate from creating blog posts that defamed former employees.
Newell Rubbermaid is buying Elmer’s for about $600 million as it attempts to boost its back-to school sales. Elmer’s Products Inc. owns Elmer’s Krazy Glue and X-Acto. Newell, which in addition to containers, …
For the first time in the 60 years since Disneyland opened, Walt Disney Co. is considering switching to demand-based pricing at its domestic parks, where tickets would cost less or provide added benefits on slower days and cost extra or come with more restrictions on dates when there tend to be too many people. “We have to look at ways to spread out our attendance throughout the year so we
The United States on Monday announced a more than $20 billion settlement of federal and state claims against BP PLC over its deadly Gulf of Mexico oil spill five years ago. The agreement is “the largest settlement with a single entity in American history,” U.S. Attorney General Loretta Lynch said. The heads of the Environmental Protection Agency and the departments of Commerce and Agriculture joined her for the announcement.
Twitter is embracing Jack Dorsey as its CEO in hopes that its once-spurned co-founder can hatch a plan to expand the short messaging service’s audience and end nearly a decade of financial losses. The …
