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Elliott says chipmaker NXP worth more than $135 per share

(Reuters) – Elliott Management Corp said on Friday NXP Semiconductors NV is worth much more than its previous assessment of $135 per share and Qualcomm Inc’s $110 offer to buy the chipmaker. Source
Posted On 19 Jan 2018

India sends tax notices to cryptocurrency investors as trading hits $3.5 billion

NEW DELHI (Reuters) – India has sent tax notices to tens of thousands of people dealing in cryptocurrency after a nationwide survey showed more than $3.5 billion worth of transactions have been conducted over a 17-month period, the income tax department said. Source
Posted On 19 Jan 2018

U.S. CFTC sues three virtual currency operators for fraud

WASHINGTON (Reuters) – The U.S. derivatives watchdog said on Friday that it has filed charges against three separate virtual currency operators alleging the defendants had defrauded customers and broken other commodity trading rules, in a further sign regulators globally...
Posted On 19 Jan 2018

Xiaomi to expand store network in Indian tussle with Samsung

MUMBAI (Reuters) – China’s Xiaomi plans to expand its Indian store network as it attempts to grab the lead in a smartphone market which Korea’s Samsung has dominated for more than five years. Source
Posted On 19 Jan 2018

SEC says bitcoin funds raise ‘investor protection issues’

(Reuters) – The U.S. securities regulator on Thursday raised alarm about the safety of bitcoin-themed investments, telling the fund industry they want answers to their concerns before endorsing more than a dozen proposed products based on cryptocurrencies. Source
Posted On 19 Jan 2018

Amazon boosts monthly fee for Prime by $2, maintains yearly rate

(Reuters) – Amazon.com Inc raised the monthly fee for the U.S. version of its fast-shipping and video-streaming service Amazon Prime by $2 on Friday, making the case for subscribers to upgrade to an annual plan. Source
Posted On 19 Jan 2018

IBM shares fall on soft profit outlook

(Reuters) – Shares in International Business Machines fell 2.6 percent on Friday as analysts judged a “disappointing” full-year profit forecast showed that the company would take more time to get back on a path of steady growth. Source
Posted On 19 Jan 2018

Stock Market News for Jan 18, 2018

Strong earnings results led benchmarks to close in positive territory on Wednesday with the Dow finishing above 26 000 for the first time Moreover all the three key U S indexes settled at new record highs after closing in the red on Tuesday Additionally in its Beige Book the Fed...
Posted On 19 Jan 2018

Health Care Sector Update for 01/18/2018: BGNE,MLNT,DFFN

Top Health Care StocksTop Health Care Stocks JNJ 0 53 JNJ 0 53 PFE 0 95 PFE 0 95 ABT 0 32 ABT 0 32 MRK 2 03 MRK 2 03 AMGN 0 42 AMGN 0 42 Health care stocks were falling Thursday including a 0 4 decline for the NYSE Health Care Index Also shares of health care companies in Source
Posted On 19 Jan 2018

Employment Numbers do little for the AUD, with the USD on the Slide

Earlier in the Day Earlier in the Day Economic data released through the Asian session this morning included December s unemployment numbers out of Australia finalized industrial production figures out of Japan together with house price figures out of the UK which had little...
Posted On 19 Jan 2018