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Two Executives of Bitcoin Businesses Are ArrestedA prominent player in the Bitcoin universe, Charles Shrem, was arrested on Sunday and accused of helping people making drug transactions on the now defunct online bazaar Silk Road.
R.B.S. to Take Nearly $5 Billion Charge Related to Litigation ClaimsRoss M. McEwan, the new chief executive of Royal Bank of Scotland, has hit another roadblock in his efforts to turn around the bank, which received billions of dollars from the British government in a bailout five years ago.
AT&T Denies Pursuit of VodafoneThe denial came after speculation over the weekend that AT&T might be looking to acquire Vodafone, which agreed last year to sell its 45 percent stake in Verizon Wireless to Verizon Communications for $130 billion.
Reuters Breakingviews: European Telecommunications Companies May Follow Cable's LeadThe latest in a string of cable tie-ups sees Liberty Global, John Malone's company, take full control of its Dutch rival Ziggo. Deal making has proved trickier for telecommunications companies, but activity should start to rise, Quentin Webb writes in Reuters Breakingviews.
Tiger Global to Invest in Brazilian Online RetailerTiger Global Management, the New York-based hedge fund, will invest nearly $520 million in Brazilian online retailer B2W Companhia Digital, the company said, a sign that it continues to see promise in Brazil's vibrant Internet sector.
United Technologies Considers Sale or Spin-Off of SikorskyUnited Technologies is considering Sikorsky, the maker of the Black Hawk helicopter, as a candidate for a tax-free spinoff or potentially a sale to a rival.
Google Acquires British Artificial Intelligence DeveloperGoogle has acquired DeepMind, a British start-up whose founders include Demis Hassabis, a computer game designer, neuroscientist and former child chess prodigy.
Judge Throws Out Racketeering Claims Filed by Cohen's Ex-WifeA judge narrowed the scope of a civil lawsuit filed by Patricia Cohen, Steven A. Cohen's ex-wife. But he had some choice words for the two Cohens' continuing legal squabbles.
In Recruiting Game, Wall Street Still CompetesAs this year's recruiting season begins, some college students say they view finance positions as springboards for later careers, while others are drawn to the challenge and fast-paced environment. Still others are, naturally, motivated by the high salaries that Wall Street offers.
Bair, Critic of the Revolving Door, Joins Board of SantanderSheila C. Bair, who ran the Federal Deposit Insurance Corporation, once argued that former regulators should be barred from joining the banks they oversaw. Though Santander is based in Madrid, it has extensive operations in the United States.
Senior Justice Department Attorney to Join Morrison & FoersterCharles Duross, who led the Justice Department's unit that enforces the Foreign Corrupt Practices Act, is joining the law firm Morrison & Foerster as head of its global anticorruption practice.
Nazi Remarks Make Perkins Persona Non Grata in Silicon ValleyAmid the blog posts and tweets condemning Thomas J. Perkins for comparing criticism of the wealthy in America to Nazi attacks on Jews, some commentators saw evidence of a more widespread attitude among the very rich.
Study Puts Price Tag on 'Too Big to Fail'An analysis commissioned by the Green Party in the European Parliament estimates that the cost of the implicit guarantee that governments will back large financial institutions was about 234 billion euros in 2012.
K.K.R. to Buy Sedgwick, an Insurance Claims Processor, for $2.4 BillionThe deal for Sedgwick Claims Management Services is the latest multibillion-dollar transaction by Kohlberg Kravis Roberts in recent months.
Warburg Pincus Hires Former Mining Chief at ArcelorMittalAs part of a push into mining investments, the private equity firm Warburg Pincus has hired a former top executive in ArcelorMittal's mining operations, Peter Kukielski.
Liberty Global to Buy Dutch Cable Provider ZiggoAfter its initial offer was rebuffed four months ago, Liberty Global is buying Ziggo in a cash-and-stock deal that values the entire company at about $13.7 billion.
Kravis Named Chairman of Education CharityHenry R. Kravis, a co-founder of the private equity giant Kohlberg Kravis Roberts, has been elected chairman of the board of Sponsors for Educational Opportunity, a charitable organization based in New York.
Bitcoin and the Fictions of MoneyThe venture capitalist Marc Andreessen and other experts have weighed in on the promise and pitfalls of Bitcoin, but so far, there is little discussion of what the collective decision to believe a fiction like Bitcoin might mean, Quentin Hardy writes in the Bits blog.
The Swan Song of BernankeThe Federal Reserve's policy-making committee on Tuesday and Wednesday will meet for the first time in 2014 - its last meeting under the leadership of the departing chairman Ben S. Bernanke. He will be succeeded at the end of the month by the Fed's vice chairwoman, Janet L. Yellen. The Fed bought $85 billion in Treasury and mortgage-backed securities each month last year. In December it said it would reduce the volume by $10 billion a month. Many analysts expect the Fed to announce another $10 billion cut on Wednesday, keeping it on pace to end the campaign this year.
Ford and Chrysler to Report ResultsTwo automakers, Ford and Chrysler, will report fourth-quarter results this week, and both are expected to provide details about pressing issues they face in 2014. Ford, which is scheduled to report its earnings on Tuesday, is likely to update investors on its extensive program of product introductions. Chrysler reports its financial results Wednesday, the day that the board of its Italian parent, Fiat, is expected to announce the new name of the newly merged automotive giant, and its future legal headquarters and stock-exchange listing.
A Key Measure of Economic GrowthOn Thursday, the Commerce Department will release its initial estimate of economic growth in the fourth quarter of 2013. This data point will be followed especially closely as economists and investors try to gauge whether the more robust growth recorded in the third quarter continued through the end of the year. After initially worrying that the government shutdown and business caution might slow growth, economists have been steadily increasing their estimates amid healthier data on consumption and trade in October, November and December. Specialists polled by Bloomberg expect reported growth of 3.2 percent.
Holiday Ads Expected to Life Google EarningsGoogle is expected to reap the benefits of the holiday shopping season when it announces its fourth-quarter earnings on Thursday, particularly because of strength in its e-commerce ads. Mobile ads, a continuing challenge for Google, are also expected to have performed well, largely because of people comparing prices and making purchases on phones while shopping in stores. Yet analysts say the shares of Google, up 30 percent since its last earnings announcement, are already fully valued.
Energy Volatility and Exxon MobilEarnings for big oil companies have been volatile in recent quarters, and Exxon Mobil, the biggest American oil company by far, has been no exception. On Thursday, Exxon Mobil will report its earnings for the fourth quarter, and results will probably be mixed. Natural gas prices have recovered somewhat over the last year, and earnings from Exxon Mobil's chemical and refinery businesses have been strong. But oil prices have softened and costs for big projects around the world are rising.
Labor Market Report in EuropeOn Friday, Eurostat will release its December labor market report and a first estimate of January inflation. The unemployment rate was stuck at 12.1 percent in November, and economists are watching to see if hiring might finally begin to perk up, in line with recent signs that output in the region is gathering speed. Consumer prices are under scrutiny for hints about the European Central Bank's monetary policy.