Archive | February 2013

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Treasury Approves Bank Accounts for Pot Businesses. Will Banks Go Along?

Dispensary Owner Linda Andrews shows off the grow room located right inside the Lodo Wellness Center on Jan. 1 The Treasury Department’s Financial Crimes Enforcement Network on Friday approved the opening of bank accounts for marijuana businesses, which have been operating on a cash-only basis. The guidance is part of the regulatory tango that has […]

Canada Sells Remaining Shares in General Motors

Canada agreed to sell its remaining stake in General Motors Co. to Goldman Sachs for … In New York trading Monday, GM’s shares settled at $36.66, … In September 2013, the federal Canadian government sold 30 million of …

Samsung beats estimates but expects profit decline in Q1

The company’s profit estimate — released today ahead of full earnings later this … sales, up from 17.8 percent during the same quarter in 2013. … Samsung shares were trading up 3.2 percent at 1.48 million won on Monday …

Regulators Tap Prosecutors for Key Jobs

unit of J.P. Morgan Chase & Co. in 2013 over allegations it manipulated … The Commodity Futures Trading Commission, whose enforcement …

San Miguel buys back Singapore-listed notes

  The price at which the company is purchasing the notes validly tendered … from lenders up to $400 million debt notes issued in 2013and due 2023. … The notes are listed on the Singapore Exchange Securities Trading Ltd. In a disclosure to the Singapore Stock Exchange, SMC said it has agreed to buy back […]

High-frequency trading

  High-frequency trading (HFT) is a primary form of algorithmic trading in finance.[1] Specifically, it is the use of sophisticated technological tools and computer algorithms to rapidly trade securities.[2][3][4] HFT uses proprietary trading strategies carried out by computers to move in and out of positions in seconds or fractions of a second. It is estimated […]