However, the Enrollment Program still ensures that the State monitors the operation of virtual
currency businesses as enrollees must respond to surveys, investigations, audits, and questionnaires «for the purpose of [allowing the Department of Business Oversight to] gather -LSB--RSB- information and to ascertain detailed facts about the enrollee's business model, capitalization and net worth, and cybersecurity, among other things.»
Not exact matches
As Zynga becomes the latest adopter of the digital
currency, the move highlights a budding trend:
businesses adopting bitcoin to woo a key consumer demographic.
As Ryan Selkis of the Digital
Currency Group tweeted, blockchain is friendlier to
business and innovation («I want to make money / follow rules») while bitcoin suggests obsession and perhaps delusion («I'm fighting a holy war»).
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our
business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial,
business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for
business aircraft, including the effect of global economic conditions on the
business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals
as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign
currency exchange rates; 9) the success and timely execution of key milestones such
as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such
as U.S. export control laws and U.S. and foreign anti-bribery laws such
as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such
as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers,
as well
as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco
business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to
business relationships and other
business disruptions for ourselves and Asco
as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing
business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
Separately, a senior Chinese central banker said authorities should ban centralized trading of virtual
currencies as well
as individuals and
businesses that provide related services.
the Company is also subject to a number of additional risks associated with its
business outside the United States, including foreign
currency exchange fluctuations and restrictive regulations
as well
as the risks and uncertainties associated with the United Kingdom's withdrawal from the European Union;
In January, a senior Chinese central banker said authorities should ban trading of virtual
currencies as well
as individuals and
businesses that provide related services.
Goldman Sachs is planning to get into the
business of trading digital
currencies such
as bitcoin, Bloomberg News reported Thursday, citing sources familiar with the matter.
As you build out your
business, you'll be able to offer a wide range of payment options, including ecash and echecks, digital
currency and traditional payments across a world of
currencies, and credit and debit cards.
Last year, it said Bitcoin
businesses, which included exchanges that turn national
currencies into Bitcoin, should be classified
as money transmitters.
«In constant
currency, our leathers and jewelry
businesses both continued to grow,
as they have for the full - year.
Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign
currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired
businesses into United Technologies» existing
businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new
business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and
currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to
as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their
businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
The four conglomerates originated in different sectors, but their underlying
business model is the same: cultivate powerful allies in the Communist Party; use those relationships to win regulatory and property concessions; gather investment from friends, family and other proxies of party elites into a murky, unregulated private holding company; borrow heavily from state - owed banks and other sources to finance prodigious growth plans; invest
as aggressively
as possible in stock and property overseas
as a hedge against slower growth in China and the risk of a weaker Chinese
currency.
As former UBS chief technology officer and leading blockchain expert Oliver Bussmann recently said, «ICO as a new business model leveraging blockchain technology will sustain as the digital way, combining crowdfunding and [a] new hybrid asset class of equity ownership and currency.&raqu
As former UBS chief technology officer and leading blockchain expert Oliver Bussmann recently said, «ICO
as a new business model leveraging blockchain technology will sustain as the digital way, combining crowdfunding and [a] new hybrid asset class of equity ownership and currency.&raqu
as a new
business model leveraging blockchain technology will sustain
as the digital way, combining crowdfunding and [a] new hybrid asset class of equity ownership and currency.&raqu
as the digital way, combining crowdfunding and [a] new hybrid asset class of equity ownership and
currency.»
Although the lack of jurisdiction over Bitcoin and its links to money laundering and illicit marketplaces have raised more than a few eyebrows, the
currency offers a simple way for legitimate
businesses such
as small retailers and professional service providers to accept payments for international sales without facing onerous credit card fees or exchange - rate surcharges.
Business circles are particularly concerned over the future of U.S. - China commercial ties
as President - elect Donald Trump prepares to take office, having pledged to brand China a
currency manipulator and threatened to impose tariffs on its goods.
As India's central bank considers what to do about digital
currencies, Bitcoin
businesses in India are suspending operations.
We analyze key operating metrics on a constant
currency basis
as this helps identify underlying
business trends, without distortion from the effects of
currency movements.
Business Insider used IIE's research to find the top 20 countries and then researched the basics of what they need to know before moving there: official language,
currency, and exchange rate (
as of early August).
«Bitcoin, the virtual
currency, has really captured the imagination recently
as one of the world's most innovative
businesses looking to the future.
Because Bitcoin's virtual
currency operates in the same fuzzy confines
as Liberty Reserve's, the tech press was quick to draw comparison between the two
businesses, wondering if Bitcoin would suffer a similar fate.
Designing these applications to be attractive to women is also just good
business, says Meltem Demirors, who recently left her post
as a vice president at Digital
Currency Group, a cryptocurrency - and blockchain - focused investment firm that she helped launch in 2015.
«From the date of release of this Notice, any so - called platform that provide trading and exchange services for coin offering shall not engage in exchange
businesses between legal tender and token or «virtual
currency»; or engage in proprietary trading activities or trading
as an central counterparty of tokens or «virtual
currencies»; or provide pricing services or act
as information intermediary for tokens or «virtual
currencies.»»
The company would have to file a notice with the regulatory department; pay a registration fee of $ 250; provide evidence of registration with FinCEN
as a money services
business; agree to not invest or pledge virtual
currency in its custody or control on behalf of others or to engage in the exchange or transfer of legal tender; and prove its policies for reporting, disclosures, and compliance.
The Virtual
Currency Act was passed with some of the same burdensome licensing requirements as that of the BitLicense: a $ 5,000 initial application fee followed by annual assessment fees, a lengthy list of application requirements, no reciprocal licensing clause, and broad definitions for virtual currency and virtual currency b
Currency Act was passed with some of the same burdensome licensing requirements
as that of the BitLicense: a $ 5,000 initial application fee followed by annual assessment fees, a lengthy list of application requirements, no reciprocal licensing clause, and broad definitions for virtual
currency and virtual currency b
currency and virtual
currency b
currency business.
As set forth below, the Act improves upon the New York and North Carolina regulations by striking a balance that allows virtual
currency businesses to innovate and grow, while also providing important consumer safeguards.
While the Money Transmitters Act does make significant strides in enacting a more
business - friendly regulatory scheme, it still poses difficulties for virtual
currency businesses in North Carolina
as there are cumbersome and costly requirements with no reciprocity or provisional licensing opportunities.
Inflation and interest rates have major ramifications for the general economy,
as these heavily influence employment, consumer spending,
business investment,
currency strength and trade balances.
The Act addresses many of the shortcomings in previous attempts to regulate virtual
currency businesses, such
as the rigid licensing requirements in New York and North Carolina.
In his speech, Yifei emphasized the importance of 2018 for China's long - term economic strategy, and discussed how the central bank's gold and silver department used problem - oriented, market - oriented, and livelihood - oriented «philosophy, style and methods» to promote reform and innovation in «key areas» of «
currency bullion»
as well
as «
currency gold and silver
business.»
As virtual
currency transactions using cryptocurrency software rise, rules that seek to regulate virtual
currency businesses geographically may be difficult to interpret and enforce.
This legislation could particularly benefit virtual
currency start - ups and small
businesses as they are currently required to fulfill the requirements to obtain a full money transmitter license.
Such risks and uncertainties include, but are not limited to: our ability to achieve our financial, strategic and operational plans or initiatives; our ability to predict and manage medical costs and price effectively and develop and maintain good relationships with physicians, hospitals and other health care providers; the impact of modifications to our operations and processes; our ability to identify potential strategic acquisitions or transactions and realize the expected benefits of such transactions, including with respect to the Merger; the substantial level of government regulation over our
business and the potential effects of new laws or regulations or changes in existing laws or regulations; the outcome of litigation, regulatory audits, investigations, actions and / or guaranty fund assessments; uncertainties surrounding participation in government - sponsored programs such
as Medicare; the effectiveness and security of our information technology and other
business systems; unfavorable industry, economic or political conditions, including foreign
currency movements; acts of war, terrorism, natural disasters or pandemics; our ability to obtain shareholder or regulatory approvals required for the Merger or the requirement to accept conditions that could reduce the anticipated benefits of the Merger
as a condition to obtaining regulatory approvals; a longer time than anticipated to consummate the proposed Merger; problems regarding the successful integration of the
businesses of Express Scripts and Cigna; unexpected costs regarding the proposed Merger; diversion of management's attention from ongoing
business operations and opportunities during the pendency of the Merger; potential litigation associated with the proposed Merger; the ability to retain key personnel; the availability of financing, including relating to the proposed Merger; effects on the
businesses as a result of uncertainty surrounding the proposed Merger;
as well
as more specific risks and uncertainties discussed in our most recent report on Form 10 - K and subsequent reports on Forms 10 - Q and 8 - K available on the Investor Relations section of www.cigna.com
as well
as on Express Scripts» most recent report on Form 10 - K and subsequent reports on Forms 10 - Q and 8 - K available on the Investor Relations section of www.express-scripts.com.
As more states begin to enact legislation regulating virtual
currency businesses, those watching and working in this arena have begun to question whether California will make another attempt to enact virtual
currency business regulation.
The draft also allows for a bit of flexibility; provisional registrants are defined
as those who register with their states to conduct virtual
currency business but do not conduct
business in such great volume
as to be licensed, nor a low enough volume to be considered exempt.
The regulation seeks to harmonize state laws for
businesses that utilize virtual
currencies as monetary tools, and includes provisions for licensing requirements, reciprocity, consumer protection, cybersecurity, anti-money laundering, and licensee supervision.
With a nod to Ripple and the nascent partnership with MoneyGram, Holmes focused on two areas
as a near - term roadmap for using alternative
currencies and DLT to solve MoneyGram's real
business problems.
The first person or
business to solve a group of transactions, known
as a «block,» is given a «block reward,» which is paid out in the tokens of the virtual
currency being validated.
Ben also worked
as a
currency sales - trader at Goldman Sachs in London (2001 - 2009), and in Arthur Andersen's Audit and
Business Advisory group in Sydney, Australia.
Needless to say, the popularity and usage of Bitcoin is picking up very quickly
as more and more
businesses and individuals are becoming aware of its benefits and advantages over traditional
currencies.
«Our BOSS Revolution international money transfer
business routinely utilizes digital assets to generate liquidity in fiat
currencies for our disbursement agents
as part of our transaction settlement process,» said Alfredo O'Hagan, senior vice president of IDT's consumer payments
business.
Lawsky said last month that his agency plans to issue rules for
businesses handling virtual
currencies, including a «BitLicense», which could make New York the first U.S. state to regulate virtual
currencies such
as bitcoins.
Starbucks chose yen
as its issuing
currency, because the coffee company has a large
business presence in Japan.
Adjusted EPS is defined
as diluted earnings per share excluding, when they occur, the impacts of integration and restructuring expenses, merger costs, unrealized losses / (gains) on commodity hedges, impairment losses, losses / (gains) on the sale of a
business, nonmonetary
currency devaluation and timing impacts of preferred stock dividends.
With these offerings, the CME Group is positioning itself
as a market leader in the rapidly - growing digital
currency space, «Delivering innovative products and services that meet the market's evolving needs is at the core of CME Group's
business, and we are proud to lead the way for the industry
as digital assets develop.»
We do, however, anticipate entering into foreign
currency exchange contracts for purposes of hedging foreign exchange rate fluctuations on our
business operations in future operating periods
as our exposures are deemed to be material.
The memo explained that all cryptocurrency purchases had been stopped
as of March 28, and that users would no longer be allowed to use credit or debit cards — either
business or personal — to purchase digital
currencies on popular exchanges.
«The wild fluctuations of the digital
currencies along with competitive
business activities underway via network marketing and pyramid scheme have made the market of these
currencies highly unreliable and risky,» the central bank was quoted
as saying in a Farsi report by the Iran newspaper's website.
If these inflows however are counterbalanced by rising private inflows from Chinese
businesses and wealthy individuals taking money out of China, either because of weaker domestic growth prospects of because of rising nervousness and uncertainty, asset prices might not fall
as much
as we would have expected, but Australia will be caught in a vice a little like that of, for example, Spain, in which export weakness can not be partially counterbalanced by a weaker
currency.
Consolidated inventories on a per - store basis
as of April 30, 2016, including the distribution centers, but excluding inventory in transit and the Company's e-commerce
businesses, were up 7 % on both a reported and constant
currency basis.