Business News Headlines

CFTC – Releases Backgrounder on Oversight of & Approach to Virtual Currency Futures Markets

Washington, DC/January 4, 2018 (STL.News) – Commodity Futures Trading Commission Chairman J. Christopher Giancarlo issued the following statement on virtual currencies today. Additionally the CFTC has released a backgrounder on its oversight of and approach to virtual currency futures markets. “The CFTC’s Market Risk Advisory Committee (MRAC), sponsored by CFTC Commissioner Rostin Behnam, has today … Continue reading CFTC – Releases Backgrounder on Oversight of & Approach to Virtual Currency Futures Markets

Dole Packaged Foods Wins Grand Marshal Award At 2018 Tournament Of Roses Parade With “Sharing Nature’s Bounty”

Float Celebrates Dole’s Commitment to the Community, the Environment and Sustainability WESTLAKE VILLAGE, CA/January 1, 2018 (STL.News) – Dole Packaged Foods, LLC is proud to announce that its 2018 Rose Parade® float, Sharing Nature’s Bounty, took home the Grand Marshal award in this year’s Tournament of Roses Parade. Dole® has taken home eight float awards … Continue reading Dole Packaged Foods Wins Grand Marshal Award At 2018 Tournament Of Roses Parade With “Sharing Nature’s Bounty”

Jubilee Cryptocurrency Exchange enters partnership with DigiBank

HONG KONG/January 1, 2018 (STL.News) – Recently, Jubilee Exchange, an online cryptocurrency exchange platform has announced its partnership with DigiBank, an offshore bank with a Class A license sited in the Commonwealth of Dominica, for the development of a new cryptocurrency – DGCoin. DGCoin is a transactional cryptocurrency developed to create a decentralized and globally … Continue reading Jubilee Cryptocurrency Exchange enters partnership with DigiBank

Bitcoin Investment Trust Announces Record Date for Distribution of Bitcoin Segwit2X

NEW YORK/December 31, 2017 (STL.News) – Grayscale Investments, LLC, the sponsor (the “Sponsor”) of the Bitcoin Investment Trust (OTCQX: GBTC) (the “Trust”), announced that it has today declared a distribution and established a record date for the distribution of the rights to Bitcoin Segwit2X tokens currently held by the Trust as a result of the … Continue reading Bitcoin Investment Trust Announces Record Date for Distribution of Bitcoin Segwit2X

American Woodmark Corporation Announces Completion Of RSI Acquisition

WINCHESTER, VA/December 31, 2017 (STL.News) – American Woodmark Corporation (NASDAQ: AMWD) (“American Woodmark”) today announced the completion of its previously announced acquisition of RSI Home Products, Inc. (“RSI”) for consideration consisting of 1,457,568 newly issued shares of American Woodmark common stock, approximately $354 million in net cash and the assumption of approximately $589 million of … Continue reading American Woodmark Corporation Announces Completion Of RSI Acquisition

Duke Energy Florida seeks storm cost recovery for Hurricane Irma

– Estimated restoration cost recovery is $381 million – Company also seeks $132 million to replenish storm reserve account – Residential customers would see a $5.20 monthly increase per 1,000 kWh of electricity, assuming 3-year recovery period ST. PETERSBURG, FL/December 28, 2017 (STL.News) – Duke Energy Florida today filed a petition with the Florida Public … Continue reading Duke Energy Florida seeks storm cost recovery for Hurricane Irma

Lobster-crazy China sets record for US crustacean imports

ROCKPORT, Maine/March 19, 2017 (AP)(STL.News) — The expanding market for lobsters in China is continuing to grow, with the country setting a new record for the value of its imports of the crustaceans from the United States. American lobster was almost unheard of in most of China until 2010, when the value of imports grew … Continue reading Lobster-crazy China sets record for US crustacean imports

Global stocks mostly lower after NKorea launches missiles

TOKYO/March 6, 2017 (AP)(STL.News) — Global stocks mostly fell Monday following North Korea’s launch of missiles into seas near Japan, although Chinese share benchmarks rose on optimism about the economic outlook. KEEPING SCORE: France’s CAC 40 slipped 0.4 percent to 4,973 while Britain’s FTSE 100 lost 0.3 percent to 7,350. Germany’s DAX fell 0.4 percent … Continue reading Global stocks mostly lower after NKorea launches missiles