The Other Side of Life 24/7: Daily Investor Briefing: Bitcoin exchange Mt. Gox goes dark in...

Tuesday, February 25, 2014

Daily Investor Briefing: Bitcoin exchange Mt. Gox goes dark in...

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02/25/2014

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

Bitcoin exchange Mt. Gox goes dark in blow to virtual currency

TOKYO/ST LOUIS (Reuters) - Mt. Gox, once the world's biggest bitcoin exchange, abruptly stopped trading on Tuesday and its chief executive said the business was at "a turning point" but gave no details.

U.S. home price rise momentum weakens, consumer confidence falls

(Reuters) - U.S. home price gains slowed in December, according to a closely watched housing survey on Tuesday that underscored a loss of momentum in the housing recovery, while consumer confidence drifted lower this month.

Wall Street dips; confidence data offsets retailers' gains

NEW YORK (Reuters) - Stocks edged lower on Tuesday, easing back from record territory a day earlier as weaker-than-expected consumer confidence data offset gains in Home Depot and other retailers' shares.

JPMorgan says reducing 2014 profit target, jobs

(Reuters) - JPMorgan Chase & Co , the largest U.S. bank, said on Tuesday that it is reducing both its target for profitability and its headcount in 2014.

House oversight panel seeks documents on Target breach

WASHINGTON (Reuters) - A House of Representatives committee with broad investigative jurisdiction has turned up the heat on Target Corp, demanding that the No. 3 U.S. retailer turn over internal documents and messages describing how and when it learned of a recent massive consumer data breach.

Apple issues fix for glaring security flaw on Mac computers

SAN FRANCISCO (Reuters) - Apple Inc has issued fixes for a security flaw in its Macintosh computers that allows hackers to intercept data such as email, patching a major and embarrassing glitch that came to light several days ago.

VW Tennessee workers challenging UAW objection to plant vote

(Reuters) - Five Volkswagen workers are trying to challenge an objection filed by the United Auto Workers with the federal government following the UAW's defeat in a unionization vote at the Chattanooga, Tennessee, VW plant, an anti-union group said Tuesday.

GM more than doubles North American ignition-switch recall

DETROIT (Reuters) - General Motors Co on Tuesday more than doubled a recall, mostly in North America, to correct a condition that may allow the engine and other components including airbags to be unintentionally turned off.

Gaming magnate Adelson bets on himself to win Japan's casino race

TOKYO/MACAU (Reuters) - Billionaire Sheldon Adelson is willing to bet $10 billion that his Las Vegas Sands will become the leader in casino gambling in Japan, an offer he says his competitors can't match. What remains to be seen is whether one of the world's last great untapped gaming markets is willing to bet on him.

Repsol board approves $5 billion Argentine settlement

MADRID (Reuters) - Spanish oil major Repsol said its board of directors had approved a definitive $5 billion settlement from Argentina over assets seized in 2012, drawing a line under a two-year battle for compensation.