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OM Group latest news:

  • 08/30/2017 21:51:58

    Toshiba misses own deadline for chip unit deal, continues talks with three suitors

    Japan's embattled Toshiba Corp (TOSBF) said it would continue negotiating with three bidding groups for its prized memory chip unit, failing to seal a deal by its self-imposed deadline of Thursday. Toshiba's (TOSBF) board met earlier in the day to review a $17 billion offer by a consortium led by Western Digital (WDC), as well as bids from groups led by Bain Capital and by Hon Hai Precision Industry.

  • 08/20/2017 21:23:02

    China regulator says Unicom reform plan does not violate rules, shares surge

    HONG KONG (Reuters) - China Unicom's $11.7 billion ownership reform plan does not violate rules, the nation's securities regulator said, helping shares in the telecom group's units surge as they resumed trade on Monday after speculation that the deal was under scrutiny.

  • 07/24/2017 16:13:41

    Bitcoin platform scores key greenlight from Wall Street regulator

    The Commodity Futures Trading Commission on Monday granted a license to an entity to serve as a derivative-trading platform for bitcoin and other cybercurrencies like Ethereum's ether. The CFTC approved New York-based LedgerX to provide clearing services for options and derivatives pegged to the nascent cryptocurrency market--a regulatory approval that could potentially expand trading in bitcoin and other such currencies. According to Reuters, Ledger Holdings, the parent of LedgerX, raised about $11 million in funding from groups including Miami International Holdings Inc. and China's Huiyin Blockchain Venture Investments to help run its clearing business. About $1.5 million was raised from funders led by Google Ventures and Lightspeed Venture Partners, Reuters reported. Monday's CFTC approval comes about four months after the SEC rejected a proposal by twins Tyler and Cameroon Winklevoss for a bitcoin exchange-traded fund. For LedgerX's part, the startup, which has been seeking a bitcoin derivatives license for years, is expected to begin its operation by offering so-called put and call options, which are contracts that grant the owners the right, but not the obligation to buy and sell an underlying asset at designated price and time. On Monday, a single bitcoin was trading at $2,768, up fractionally on the day. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

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