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.
Legal & Regulatory
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.
Argentina to impose online purchase restrictions
The Argentine Republic’s government is imposing a restriction on online purchases, in a bid to reduce the amount of dollars leaving the country and help lift its economy.
Neiman Marcus confirms data breach compromised 1.1M payment cards in the US
Dallas, Texas-based luxury specialty department store Neiman Marcus confirmed that 1.1 million debit and credit cards could have been compromised during a malware attack from July 16 to October 30, 2013.
San Francisco Municipal Transportation Agency agrees to charge Silicon Valley tech firms for using public bus stop
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.
Latest News
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.
Dallas-based Neiman Marcus Group Ltd was given two weeks by Florida Attorney General Pam Bondi to answer questions about the cyber breach that happened during the holiday rush, Bloomberg reported.
Software giant Microsoft applied for a patent for a system that allows customers to set the rate based on the performance level of its cloud service, according to InformationWeek.
Sysco Corp's $3.5 billion acquisition agreement with US Foods has drawn the interest of US regulators over concerns that the deal could weaken competition in the industry, Bloomberg reported.
