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Facebook’s cryptocurrency ambitions face privacy concerns, political backlash

1 hour ago DieselGasoil Comments Off on Facebook’s cryptocurrency ambitions face privacy concerns, political backlash
SAN FRANCISCO/NEW YORK (Reuters) – Facebook Inc announced ambitious plans on Tuesday to launch a new global cryptocurrency called Libra, part of an effort to expand into digital payments that immediately raised privacy concerns. The social networking giant has linked with 28 partners including Mastercard, PayPal and Uber to form Libra Association, a Geneva-based entity Read More

Senior U.S. lawmaker says Facebook should halt cryptocurrency project pending review

2 hours ago DieselGasoil Comments Off on Senior U.S. lawmaker says Facebook should halt cryptocurrency project pending review
Rep. Maxine Waters (D-CA) looks on as bank ceos testify before a House Financial Services Committee hearing on “Holding Megabanks Accountable: A Review of Global Systemically Important Banks 10 Years After the Financial Crisis” on Capitol Hill in Washington, U.S., April 10, 2019. REUTERS/Aaron P. Bernstein WASHINGTON (Reuters) – U.S. House Financial Services Committee Chairwoman Read More

CandJ Energy Services, Keane Group to combine in merger of equals

3 hours ago DieselGasoil Comments Off on CandJ Energy Services, Keane Group to combine in merger of equals
6/18/2019 HOUSTON — C&J Energy Services and Keane Group, Inc. has announced that they have entered into a definitive agreement whereby the companies will combine in an all-stock merger of equals. The combined company will be positioned as an industry-leading, diversified oilfield services provider with a pro-forma enterprise value of approximately $1.8 billion, including $255 Read More

Spain refuels Russian ships despite NATO pressure, says UK has to leave Gibraltar

4 hours ago DieselGasoil Comments Off on Spain refuels Russian ships despite NATO pressure, says UK has to leave Gibraltar
Madrid has raised fresh complaints about British military presence in Gibraltar while continuing to resist NATO pressure to bar the Russian navy from refueling at the nearby port of Ceuta. The Spanish ambassador to the United Nations, Agustín Santos Maraver, called out the UK for their military installations in Gibraltar during a scathing speech to Read More

Facebook reveals Libra cryptocurrency, sparking new privacy concerns

5 hours ago DieselGasoil Comments Off on Facebook reveals Libra cryptocurrency, sparking new privacy concerns
SAN FRANCISCO/NEW YORK (Reuters) – Facebook Inc announced ambitious plans on Tuesday to launch a new global cryptocurrency called Libra, part of an effort to expand into digital payments that immediately raised privacy concerns. The social networking giant has linked with 28 partners including Mastercard, PayPal and Uber to form Libra Association, a Geneva-based entity Read More

Fed meets as renewed pressure on Powell comes from Trump

6 hours ago DieselGasoil Comments Off on Fed meets as renewed pressure on Powell comes from Trump
WASHINGTON (Reuters) – Lawyers at the White House earlier this year explored the legality of stripping Jerome Powell of his Federal Reserve chairmanship, demoting him to be just one of as many as seven governors of the U.S. central bank, according to a report from Bloomberg News published on Tuesday. FILE PHOTO: Federal Reserve Board Read More

Investor Litt says Hudson’s Bay worth double chairman’s C$1.74 billion bid

9 hours ago DieselGasoil Comments Off on Investor Litt says Hudson’s Bay worth double chairman’s C$1.74 billion bid
(Reuters) – Activist shareholder Jonathan Litt lambasted a C$1.74 billion bid to take Canadian retailer Hudson’s Bay Co private as “woefully inadequate” on Tuesday, saying the chairman-led shareholder group looking to push through a deal could double the offer. The shareholder group, which collectively owns 57% stake in the struggling retailer, made an offer last Read More

Hudson’s Bay chairman’s bid unlikely to get full support: Investor Land & Buildings

11 hours ago DieselGasoil Comments Off on Hudson’s Bay chairman’s bid unlikely to get full support: Investor Land & Buildings
(Reuters) – Activist investor Land & Buildings Investment Management LLC said on Tuesday a C$1.74 billion go-private offer for Hudson’s Bay Co from chairman and other shareholders would likely not receive majority approval of remaining shareholders. The activist investor called the offer for the Canadian retailer “woefully inadequate” and asked the special committee of independent Read More