Prosecutors in New York have announced charges against eight men for their roles in a "massive 21st-century bank heist." The operation stole more than $45 million from ATMs around the world in a matter of hours. Prosecutors declined to comment on who organized the heist, or where the hackers may be located.
Japan's currency, the yen, is falling like crazy against the U.S. dollar — just the way the central bank there planned. Japan's economy has been stagnant for nearly two decades, and a weak yen makes Japan more attractive to tourists and foreign investors.
Before he was a fashion mogul, Ottavio Missoni ran track in the 1948 Olympics. That's where he met his wife, whose family owned a textile mill in northern Italy. The Missoni brand grew to prominence in the late 60s with laid-back knit wear covered in rainbow, zigzag patterns.
Taking a page from the playbook of decades past, college students are once again pressuring schools to pull investment funding from specific sectors. This time it's big oil and coal companies. But these campaigns have effects beyond the university — they're launching a new generation of activists.
The Internet has managed to disrupt many industries, from publishing to music. So why not lending? Google's recent investment in Lending Club has raised the profile of peer-to-peer lending, which gets borrowers and lenders together outside the conventional banking system.
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