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.
Legal & Regulatory
JPMorgan ceases work on Chinese IPO candidate as US regulators investigate hiring practices- sources
JPMorgan Chase & Co has stopped working on the planned initial public offering of Chinese firm Tianhe Chemicals as US regulators continue its probe of the bank's hiring practices in China, Reuters reported.
Bank of Finland says Bitcoin is not a currency, but a commodity
The Bank of Finland said that digital currencies like the Bitcoin cannot be considered an official currency but is more comparable to a commodity, Bloomberg reported.
Canada reject Bitcoin as legal tender
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.
Private equity- owned Dots to seek bankruptcy protection- report
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.
Latest News
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.
The data theft at American retailer Target that happened between November to December last year prompted a bank to replace all customer debit cards involved in the breach, with the new cards to be sent out soon.
California, US-based tech giant Apple Inc signed an agreement with the Federal Trade Commission (FTC) to pay out at least $32.5 million as refund for the parents of kids who racked up big in-app charges without explicit consent.
Gentium investors sued the company's board and Jazz Pharmaceuticals in an attempt to stop the acquisition of Gentium, claiming that the tender offer was flawed, Bloomberg reported.
The Government Accountability Office said the spinoff of SAIC Inc invalidated the health services contract awarded to it by the National Aeronautics Space Administration, Bloomberg reported.
