Daily Intel

Court rejects bankruptcy protection for Mt. Gox
The Mt. Gox bitcoin exchange in Tokyo is headed for liquidation after a court rejected its bankruptcy protection application.
Apr 17, 2014 | 1:17 PM
Americans seeking weekly unemployment benefits rose to 304,000; still at pre-recession levels
WASHINGTON (AP) — Americans seeking weekly unemployment benefits rose to 304,000; still at pre-recession levels.
Apr 17, 2014 | 1:17 PM
Starbucks moving European headquarters to London
Starbucks, which has suffered withering criticism in Britain for avoiding taxes, said it would move its regional headquarters to London from Amsterdam and pay more to the British Treasury.
Apr 17, 2014 | 12:17 PM
Britain's Co-op posts loss in 'disastrous' year
[...] it ran into financial trouble after its banking unit developed a 1.5 billion-pound black hole following its 2009 acquisition of the Britannia Building Society. Faced with the crisis, the Co-op agreed to a rescue plan giving hedge funds a huge...
Apr 17, 2014 | 12:17 PM
Weak Barbie sales weigh on Mattel 1Q
(AP) — Toy maker Mattel says weak sales of Barbie and markdowns to clear out excess inventory left over from a sluggish holiday season led to an unexpected first-quarter loss. Toy makers are facing a weak environment globally due to the uncertain...
Apr 17, 2014 | 12:17 PM
Police charge Canadian in Internet privacy breach
The Royal Canadian Mounted Police said Wednesday that Stephen Arthuro Solis-Reyes was arrested at his residence Tuesday and is charged with unauthorized use of a computer and mischief in relation to data. The Canada Revenue Agency was forced to...
Apr 17, 2014 | 11:17 AM
Man to plead guilty in Disney insider info case
LOS ANGELES (AP) — A man will plead guilty to securities fraud and pay regulators around $801,000 for using insider information to profit from Disney's $4 billion acquisition of Marvel Entertainment in 2009. According to the deal filed in Los...
Apr 17, 2014 | 11:17 AM
Post Holdings to buy Michael Foods for $2.45B
ST. LOUIS (AP) — Cereal maker Post Holdings Inc. is buying fellow packaged food maker Michael Foods Inc. in a $2.45 billion deal that will expand Post's range of products. Post also makes nutrition drinks and a variety of store brand products...
Apr 17, 2014 | 11:17 AM
Ford to sell Lincoln cars in China for first time
In the past year, China's government has renewed a perennial crackdown on corruption and ostentatious spending by officials, which has crimped spending on luxury goods. Parker said he believes there is strong interest in Lincoln among Chinese...
Apr 17, 2014 | 11:17 AM
IBM posts lower 1Q earnings amid hardware slump
IBM's first-quarter earnings fell and revenue came in below Wall Street's expectations amid an ongoing decline in its hardware business, one that was exacerbated by weaker demand in China and emerging markets.
Apr 17, 2014 | 9:17 AM