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Bitcoin has a governance problem, no matter who created it

May 6, 2016 by · Leave a Comment 

The latest bickering erupted after Australian entrepreneur Craig Wright promised to prove he was the mysterious creator of bitcoin – which allows users to move money across the world quickly and anonymously – but then said on Thursday he could not provide further evidence to back this up. Wright stopped short of reneging on his claim to be Satoshi Nakamoto, assumed to be a pseudonym for the person or people who launched the digital cryptocurrency in 2009. Many …

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Bitcoin has a governance problem, no matter who created it

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Exclusive: Apple’s Tim Cook to visit China for government meetings – source

May 6, 2016 by · Leave a Comment 

Apple Inc Chief Executive Tim Cook plans to visit Beijing later this month to meet high-level government officials, at a time when it is facing some setbacks in its most important overseas market, a source familiar with the matter said. Cook has frequently traveled to China since taking the helm of Apple five…

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Exclusive: Apple’s Tim Cook to visit China for government meetings – source

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Sumner Redstone’s defiance gets judge’s attention at trial

May 6, 2016 by · Leave a Comment 

Sumner Redstone appeared to take the upper hand in defending a lawsuit challenging his mental competency on Friday, as a judge called Redstone's deposition “strong evidence” that the media mogul knew what he was doing when he ejected an ex-girlfriend from his life. The woman, Manuela Herzer, is suing Redstone over her removal in October as the billionaire's designated health care agent, arguing that Redstone was not mentally competent at the time he made the decision. Redstone's deposition was presented to a …

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Sumner Redstone’s defiance gets judge’s attention at trial

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Good U.S. payrolls gains seen, but swelling labor force to cap wage growth

May 6, 2016 by · Leave a Comment 

U.S. employment likely rose again in April, but a rush of job seekers into the labor market should keep wage gains moderate and buy a cautious Federal Reserve more time before raising interest rates again. Nonfarm payrolls probably increased by 202,000 last month in U.S. Labor Department data…

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Good U.S. payrolls gains seen, but swelling labor force to cap wage growth