US Fed Prohibits Large Mergers in Financial Sector
Fed issued rule prohibiting financial firms from combining with others if resulting company's liabilities exceed 10% of aggregate industry liabilities.
Walmart Tops Lucky Sperm Club, World's Largest Family Businesses
Retail giant, controlled by family of Sam Walton, had more than $476bn in revenues in 2013.
Bitcoin: A Better Approach to Cyber Security - Interview
BitStash CTO Trevor Murphy discusses how bitcoin can largely prevent data theft by hacking.
Hold-Out Fund Elliott Management Pursuing Sanctions Against Argentina
Elliott will continue decade-long search for Argentine assets to enforce $1.7bn in court judgments.
Xiaomi to Invest $1bn in Online Video Content as Chinese Tech Firms Seek Entertainment Fortune
Company has hired internet expert Chen Tong, who has been Sina.com's editor-in-chief.
Pimco Total Return Fund Suffers Record $27.5bn Monthly Withdrawals After Bill Gross' Exit
Nearly half of monthly outflows happened in the first five trading days, and withdrawals are slowing down, according to Pimco.
Germany Proposes Bill Demanding Foreign Tech Firms' Source Code to Combat Spying
Firms selling software to German government or companies critical to its security might be forced to reveal their source code.
Macau Casinos Witness Biggest Monthly Revenue Drop on Record
Total casino revenues declined 23.2% year over year in October to 28bn Macau patacas (£2.19bn).
Bill Gross: Central Banks' Monetary Stimulus Not Helping Create Inflation
Bill Gross says deflation remains possibility despite monetary easing policies.
Former UBS Top Banker Raoul Weil Cleared of $20bn US Tax Evasion Charges
Weil was accused of conspiring to help wealthy Americans to hide $20bn in assets in secret offshore accounts.
Amazon Warns of Ending India and China Operations Due to Complicated Laws
Amazon sees 'substantial uncertainties' in interpretation of laws in India and China.
Publicis to Acquire US-Based Sapient for $3.7bn to Boost Digital Offerings
Combined company is expected to have more than €8bn in revenues with about €1.3bn in EBITDA.
Asian Airline Industry's Woes Soar Underlining Warren Buffett's Prediction
Six of 10 IPOs by airlines in Asia during past five years are trading below their sale prices, according to Bloomberg.
Hong Kong's Economy Unaffected by Pro-Democracy Protests
Hong Kong's key property, tourism and retail sectors largely unaffected by pro-democracy protests.
P&G's Business Suspended in Argentina on Alleged Tax Fraud
P&G allegedly inflated prices of imports from Brazil by $138m.
Bitcoin Prices Fall for Fourth Straight Month
During October, bitcoin value declined by 12.8%, closing at 336.8.
Nokia Shuts Down Plant in India Throwing 8,000 Out of Jobs
Finnish telecom giant closes Sriperumbudur facility near Chennai owing to tax dispute.
China Manufacturing Activity Falls to 5-Month Low Amid Growth Slowdown Fears
Official Purchasing Managers' Index (PMI) eases to 50.8 in October from 51.1 in September.
China's Alibaba to Surpass Walmart Sales Volume in Two Years
Walmart's yearly sales were $476bn last year, while Alibaba's trading volume was $151bn in first half of 2014.
UK Government to Repay £218m of First World War Debt
Government paid £1.26bn in interest on debt since its issue in 1927
UK Consumer Confidence Edges Down on Economic Growth Woes
GfK consumer confidence index declined by one point in October to -2.
Terrorists Threaten to Release Ebola in Czech Republic Unless They Get €1m in Bitcoin Ransom
Czech police say not taking Ebola blackmail threat seriously
Warrants for Facebook User Data Help Solve Many Cases in New York
Data from Facebook led to 130 indictments of civil servants, including police officers and firefighters, for Social Security fraud.
India Government Submits List of 627 Names to Supreme Court in Anti-Black Money Move
Suspected people include about 350 Indians and about 270 non-resident Indians.
Samsung Posts Lowest Profit in Three Years as Smartphone Strategy Fails
Company reported 60% decline in profit to 4.1tn won in third quarter.
US Fed Ends Quantitative Easing but Keeps Ultra-Low Interest Rates
Country's economic recovery would continue despite weak outlook for global economy, according to Fed.
Pfizer to Explore Favourable Tax Inversion Deals Despite US Curbs
New rules make tax inversion deals more complicated and also potentially limits value, says Pfizer chief executive Ian Read.
Nearly 50% of Californians Hit by Cyber Attacks in 2013
Personal records of 18.5 million people in California were at risk in 2013 due to cyber intrusions.
Hong Kong Regulators Approve Stock-Trading Link with China
Launch date of Shanghai-Hong Kong Stock Connect is yet to be announced.
Bitcoin Gets Backing from Former SEC Chair Arthur Levitt
Levitt will serve as advisor to bitcoin firms BitPay and Vaurum.
