Search advertising giant Google (NASDAQ:GOOG) (NASDAQ:GOOGL) has acquired smartwatch platform startup Cronologics for an undisclosed sum. The acquisition was likely an “acqui-hire,” bringing Cronologics’ cross-platform operating system knowledge in-house. Expect some upgrades and input from […]
Foreign banking institutions will have to pass the Federal Reserve’s Comprehensive Capital Analysis and Review starting in 2017, and many fear they may not make the grade. “It is entirely possible there will be institutions […]
The Italian government, installed this week by Prime Minister Paolo Gentiloni, has drafted an emergency decree allowing the injection of government money into troubled financial institutions: Monte dei Paschi di Siena and three regional lenders. […]
Capital rules aimed at preventing taxpayers from being forced to bail out failed banks could drive up 133 EU banks’ funding requirements by as much as €276 billion, less than previously estimated, the European Banking […]
Eurogroup finance ministers have frozen short-term debt relief for Greece that they had approved Dec. 5 after Greek Prime Minister Alexis Tsipras proposed a one-time payout to low-income pensioners. The payout would violate Greece’s agreement […]
The EU has released a formal list of objections to the merger of Deutsche Boerse and London Stock Exchange Group. The exchanges say they will continue to “constructively engage” regulators. Bloomberg (14 Dec.), Reuters (14 […]
Amid political uncertainty, Eurozone PMI came in solid for December. Flash services PMI for December came in at 53.1 vs. 53.8 estimated. The gauge on incoming new business fell to 52.8. Eurozone flash manufacturing PMI […]
Fidelity Investments has ended the redemption fee on 75 mutual funds to encourage participation from investors with short-term goals. The move comes in response to growing appetite for low-cost exchange-traded funds. The Wall Street Journal […]
Up from 500M in late June, 400M last September, and 300M in December 2014. A 100M portion of the updated figure is attributed to new users joining the service within the preceding six months alone. […]
Facebook confirmed that it is in talks with TV studios and producers to host programming including scripted shows, sports and game shows for its video platform. That is in addition to the live content it […]
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