Disney CEO Robert Iger sees compensation decline to $36.3 million in 2017

LOS ANGELES — Robert Iger, the chief executive of Walt Disney Co., saw his total compensation decline 17 percent in the recently concluded fiscal year to $36.3 million, according to the company’s latest proxy statement filed Friday to the Securities and Exchange Commission. The drop from last year’s $43.9 million was due in part to a… Please follow and like us:

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Another Sign Of Cryptocurrency Regulations?

The noose of regulation seems to be closing around the Medusa’s head-like neck of cryptocurrencies. After months of monitoring by various agencies, the financial services panel of the Senate will meet top market regulators early in February to discuss bitcoin and other cryptocurrencies, as well as the possible risks their trading poses, Reuters reported Wednesday. Citing… Please follow and like us:

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Tighten Monitoring Of Chinese Investments, Experts Tell HASC

WASHINGTON: As China forges ahead trying to grab the head of the technology table by throwing money, policy and people at quantum computing and Autonomous Intelligence, the US should carefully watch what companies China invests in or tries to buy. Those were the conclusions of three of the top China and technology experts in Washington who… Please follow and like us:

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GoPro predicts revenue slump and slashes workforce; stock plunges

Camera maker GoPro Inc. is getting out of the drone business, laying off more than 20 percent of its workforce and losing two executives after predicting a sharp decline in its fourth-quarter revenue and disclosing weak holiday-season demand for its cameras. The disappointing outlook sent shares plummeting nearly 30 percent to an all-time low of $5.32… Please follow and like us:

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Kushner Real Estate Company Investigated By SEC

The real estate company run by the family of White House senior adviser Jared Kushner is under investigation by the Securities and Exchange Commission for its use of a federal visa program, according to a Wall Street Journal report. The SEC issued a subpoena to the company, Kushner Companies, requesting information regarding its use of the… Please follow and like us:

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Question Posed: How Did Bob Corker Go from ‘Dead Broke’ to $69 Million Net Worth During 11 Years in U.S. Senate?

“How do you increase your net worth by 69 million dollars while you’re working full-time as a Senator?” That’s the question Rolling Stone reporter Matt Taibbi asked about Senator Bob Corker (R-TN) on Friday. Neither Taibbi nor Rolling Stone are fans of Corker (or of President Trump, Republicans, or conservatism in general). And Rolling Stone has… Please follow and like us:

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Broker Charged With Illegally Accepting $1M in Cash Kickbacks: Enforcement

The Securities and Exchange Commission charged a Wall Street stockbroker with illegally accepting more than $1 million in undisclosed kickbacks for giving certain customers preferential access to lucrative inital public offerings, enabling them to reap major trading profits in the secondary markets. The SEC alleges that Brian Hirsch subverted allocation policies and procedures at two brokerage… Please follow and like us:

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2017: The year the bitcoin craze reached Wall Street

Bitcoin burst out of the shadows in 2017, seducing Wall Street and individual investors alike even though many still struggle to understand precisely what it is. The cryptocurrency’s rise is also pushing regulators to consider taking action after years of simply urging caution. Bitcoin started the year at $1,000 per unit in January but by mid-December… Please follow and like us:

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Follow the money to understand how drug profits flow

The prescription drug world is in turmoil. Pharmacy giant CVS is buying Aetna, an insurance company, and Amazon appears to be entering the pharmacy market. Meanwhile, Alex Azar, President Trump’s nominee for secretary of Health and Human Services, indicated in his confirmation hearing that drug pricing will be his top priority, although he offered few details.… Please follow and like us:

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Tesla was under federal investigation over Model 3 and may still be, report says

PALO ALTO, Calif. — The Securities and Exchange Commission investigated Tesla over how it was selling its Model 3 sedan, but the company didn’t tell investors about it, and may still be under federal investigation, according to a new report. The firm led by CEO Elon Musk was under investigation by the securities regulator from June… Please follow and like us:

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Bitcoin rises in debut as SEC warns on digital money

Bitcoin experienced some big swings but finished higher in its debut on a major exchange Monday, while a leading US securities regulator warned investors about the risks of cryptocurrencies. Bitcoin futures for January delivery finished at $18,850.00 near 2115 GMT on its first full day of trading, a bit below session peaks but soaring well past… Please follow and like us:

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Another ex-day trader pleads guilty in multimillion-dollar insider trading ring

A former day-trader admitted to making more than $760,00 as part of a ring that stole confidential information from investment banks and their clients so they could trade on the information, federal authorities said. Joseph Spera, 56, of Boca Raton, Florida, pleaded guilty on Monday to one count of conspiracy securities fraud and one count of… Please follow and like us:

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Bitcoin’s price is skyrocketing. Even Uber drivers and house cleaners want in.

Keith Ellison’s first hint that bitcoin was poised for a breakthrough was over the summer when a friend planning her nuptials sent an unusual text. “She wanted to know whether to accept the wedding band’s offer of a discount in exchange for bitcoin,” said Ellison, a Manhattan Beach, Calif., investment analyst, who advised the friend to… Please follow and like us:

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SEC Cyber Team Files First Charges Against ICO Scam

The recently formed cyber unit of the United States Security and Exchange Commission filed its first charges Monday after obtaining an emergency asset freeze to stop an alleged Initial Coin Offering (ICO) fraud. In a complaint filed in federal court in Brooklyn, New York, the SEC claimed Dominic Lacroix and his startup PlexCorps have been scamming… Please follow and like us:

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Why Bitcoin’s Price Will Be Valued At $150,000 By The End Of 2018

Within my daily social life, I often ask people if they know about Bitcoin. For the last few years, most of the responses I received were either “No,” or “Isn’t that what people use for illegal activities?” But towards the end of this year, something changed. People started asking me, “How do I buy it?” and… Please follow and like us:

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