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Monthly Archives: October 2017

BlackRock’s Larry Fink digital currencies identifies money laundering

Larry Fink, the head of the world’s largest money manager, said Tuesday he thinks the rise of digital currencies reflects how much money laundering is going on. “Most importantly, when I think about most of the cryptocurrencies, it just identifies how much money laundering is being done in the world,” …

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In Las Vegas, Concert Security Met a New Threat: Aerial Assault

But even with the gradual ratcheting up of protections, a new wave of mass casualty events has highlighted the ways determined attackers can wreak havoc by shifting their focus to the areas immediately surrounding a venue. In Las Vegas, the gunman, Stephen Paddock, executed his killing spree from a towering …

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Laurene Powell Jobs buys stake worth around $500 million in DC sports empire

Steve Jennings | Getty Images Emerson Collective Founder and President Laurene Powell Jobs speaks in San Francisco, California on September 20, 2017. Billionaire entrepreneur Laurene Powell Jobs took a 20 percent stake in Washington sports empire Monument Sports and Entertainment, according to The Washington Post on Tuesday. People familiar with …

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Equifax ex-CEO tells Congress he takes ‘full responsibility’ for massive data hack

Andrew Harrer | Bloomberg | Getty Images Richard Smith, former chairman and chief executive officer of Equifax Inc., waits to begin a House Energy and Commerce Committee hearing in Washington, D.C., U.S., on Tuesday, Oct. 3, 2017. A combination of human and technological error resulted in a massive breach of …

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‘You’ve thrown our budget out of whack’

Mandel Ngan | AFP | Getty Images President Donald Trump and First Lady Melania Trump attend a meeting with Governor Ricardo Rossello (unseen) and other officials after stepping off Air Force One upon arrival at Luis Muñiz Air National Guard Base in Carolina, Puerto Rico on October 3, 2017. President …

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Retail trade group sees holiday sales rising 3.6% to 4% this year

Retailers could see a bump in sales this holiday season. Holiday retail sales in November and December — excluding automobiles, gasoline and restaurants — are expected to increase as much as 4 percent this year, reaching up to $682 billion, according to the National Retail Federation, the industry’s trade group. …

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Wells Fargo CEO says Sen. Warren took his comments out of context

Lucas Jackson | Reuters Tim Sloan, Chief Executive Officer of Wells Fargo & Company, February 8, 2017. Wells Fargo CEO Tim Sloan said Sen. Elizabeth Warren took his past comments out of context at Tuesday’s Senate Banking Committee hearing about the bank’s fake accounts scandal. During the hearing, the Massachusetts …

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The Killers Are Latest Band to Hit No. 1 Thanks to Sales, Not Streaming

Photo The Killers’ “Wonderful Wonderful” is the band’s first No. 1 album. Credit Mark Kolbe/Afl Media, via Getty Images The Killers are the latest rock band to top the Billboard album chart with CD sales helped by a ticketing bundle, but weak streaming numbers. “Wonderful Wonderful” (Island), the band’s fifth …

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US government misses out on $600 million payday by selling dirty bitcoins too early

Getty Images A demonstrator supported Ross Ulbricht, creator and operator of the Silk Road underground market, in front of a federal courthouse on Jan. 13, 2015, in New York City. The U.S. Department of Justice could have made at least ten times more than the $48 million it took in …

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Energy groups balk at Perry’s plan for change to electricity pricing

“The Energy Industry Associations urge the Commission to reject the proposed unreasonable timelines and instead proceed in a manner that would afford meaningful consideration of public comments and be consistent with the normal deliberative process that it typically affords such major undertakings,” they said. The groups are requesting a 90-day …

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