Hudson’s Bay Co., Canada’s oldest company, said it’s still committed to creating a real estate investment trust after agreeing to sell its main store and adjoining office tower in downtown Toronto for C$650 million ($585 million).
A Bitcoin trade group met yesterday with the U.S. Treasury Department’s Financial Crimes Enforcement Network and an array of law-enforcement officials and regulators to discuss oversight of the digital currency.
Caroline Hunter’s six-year term on the Federal Election Commission expires today. If recent history is any guide, what will happen next is ... nothing. Of the six seats on the FEC, which interprets and administers the nation’s election laws, one is vacant and the others are occupied by commissioners with expired terms. It’s tempting to conclude from this that inertia dominates the FEC but that would be mistaken: The commission is more destructive than mere inertia could possibly allow.
Standard Chartered Plc might be asked to pay as much as $700 million to resolve money-laundering allegations filed by New York’s banking superintendent after his department grew impatient with inaction by federal regulators, a person familiar with the case said.
T. Boone Pickens, who’s been saying for more than a year that Congress was poised to pass his plan to subsidize natural-gas vehicles, may not have been expecting opposition led by fellow billionaire Charles Koch.
Detroit Lions defensive tackle Ndamukong Suh lost his appeal of a $100,000 fine, tied for the largest ever levied by the National Football League for on-field conduct, the Associated Press said, citing his agent.