eBay Inc (EBAY)’s payment service subsidiary, Paypal, announced that it will be affiliating itself with the three major bitcoin payment processors: Coinbase, Bitpay, and GoCoin. The announcement by Scott Ellison, who heads corporate strategy at PayPal, highlighted that the company’s Payments Hub system will enable merchants to accept bitcoins through […]
The Federal Trade Commission and AT&T have announced a settlement of $105 million will be paid by AT&T to settle charges that the company allowed third parties to bill customers unlawfully. The settlement amount will go towards paying an FTC fine of $5 million, $20 million in penalties and fees […]
Monsanto has announced the expansion of its layoff plan to include another 1,000 jobs as as part of its cost-cutting plan. Adding in the new layoffs brings the total planned job eliminations to 3,600 jobs over the next two years. The job eliminations are expected to impact about 16 percent […]
Airbus Group has announced that is developing a new hypersonic passenger jet and has filed for a patent on the aircraft. The European aircraft manufacturer described the technology in the patent application as an “ultra-rapid air vehicle and related method of aerial locomotion.” The patent application has already been approved […]
Arena Pharmaceutical (ARNA) shares are down nearly 10 percent on the news that that its chief executive Jack Lief sold nearly 40 percent of his holdings in the company. Lief sold 223,525 shares on July 1 at $5.85 per share. The transaction was an “automatic sell” apparently triggered by a […]
The SPDR S&P Transportation ETF (NYSEARCA:XTN) appreciated 1.4% during trading Monday, outperforming the SPDR S&P 500 ETF Trust (NYSEARCA:SPY), which closed up 0.3%. Railroad stocks like Norfolk Southern Corp. (NYSE:NSC), Canadian Pacific Railway Limited (USA) (NYSE:CP), and CSX Corporation (NYSE:CSX) closed in the green yesterday. Norfolk stock closed 3.3% up, […]
Online security startup Bitglass announced yesterday that it has raised additional capital to expand and provide its services to more enterprises. Bitglass said it has secured $25 million in funding from various corporations like Singapore Telecommunications Limited (Z74), a corporate investing subsidiary of SingTel Group, NEA, Norwest and an unnamed […]
Samsung shares fell after antitrust regulators in South Korea told the biggest conglomerate in the country to lower is cross-shareholdings that had expanded due to a controversial merger between two units earlier this year. Samsung C&T dropped by 4.8% while Samsung SDI was down by 3.1% after a Sunday announcement […]
