Walmart has announced plans for an in-house cash transfer service called Walmart2Walmart, launching April 24th at more than 4000 Walmart locations across the country. Focusing on cash transfers under $1,000, the service aims to undercut competitors like Western Union on prices while shoring up...
The rates are still well above online competitors like Venmo and Square Cash
Yahoo has been under the leadership of CEO Marissa Mayer for almost two years now, but during today's earnings, all eyes were focused elsewhere. The company reported a quarterly revenue of $1.13 billion with earnings of 38 cents per share. That was slightly better than analysts predicated, but it...
Google reported its results for the first quarter of the year today, posting revenue of $15.42 billion and earnings per share of $6.27. That missed analysts' estimates of $15.52 billion in revenue and earnings of $6.42 a share. That's a miss on the top and bottom line, and the stock is trending down in after-hours trading.
Mt. Gox, the embattled bitcoin exchange that filed for bankruptcy protection last month after losing almost half a billion dollars' worth of customers' virtual funds, is now reportedly asking a Tokyo court for permission to liquidate. According to The Wall Street Journal, the once leading exchange has abandoned its attempt to rebuild the business under bankruptcy protection due to the complexity and unrealistic nature of the plans.
One source says that Mt. Gox is still attempting to find a buyer, which may entitle creditors to a portion of future earnings. But the exchange's decision to file for liquidation after planning rehabilitation means those with substantial investments are likely to get less of their money back. The court still has to approve Mt. Gox's request, at which point a trustee would assume CEO Mark Karpeles' control over the company's assets.
Mt. Gox representatives were not immediately available for comment when contacted by The Verge.
Rehabilitation said to be complex and unrealistic
Facebook is reportedly planning to take a step into financial services, allowing users in select regions to store money online to use for making payments and transferring funds to others. According to the Financial Times, Facebook could obtain regulatory approval in Ireland to begin offering...
It’s a sunny morning in Camarillo, California, and the fields along Pleasant Valley road are full of berry pickers in colored sweatshirts moving swiftly to gather ripe fruit. I take a left turn down Calle San Pablo into an unassuming industrial...
Herbalife, a Los Angeles-based company that sells nutritional shakes and supplements through a network of millions of distributors, is now reportedly under criminal investigation by the Department of Justice and the Federal Bureau of Investigation. According to a story in the F...
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