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Mid-day Update

PODCAST: SEC ‘likes’ Facebook, Bitcoin’s a currency rook

Jeremy Hobson Apr 3, 2013
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Mid-day Update

PODCAST: SEC ‘likes’ Facebook, Bitcoin’s a currency rook

Jeremy Hobson Apr 3, 2013
HTML EMBED:
COPY

In a move that could change the way companies communicate with their investors, the Securities and Exchange Commission has ruled that company executives can use sites like Twitter and Facebook to release market moving news.

Whenever a big economic crisis happens, investors usually flock to the safety of gold or U.S. government bonds. But the banking crisis in Cyprus brought another store of value to the fore — Bitcoin, an online currency that’s seen a notable surge in price over the last few weeks.

Monsanto beat expectations in its earnings report Wednesday. The company’s recent strong performance opens a window into the explosive technological growth in Latin American agriculture. The biotech farm supplier has cashed in selling its genetically engineered seeds and other products to farmers there.

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