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Head of troubled Bitcoin exchange speaks out

22 Share This Story!Let friends in your social network know what you are reading about Head of troubled Bitcoin exchange speaks outExchange known as Mt. Gox is subject of federal prosecutors' inquiry, "The Wall Street Journal" reports. Post to FacebookPosted!A link has been posted to your Facebook feed." Sent!A link has been sent to your friend's email address.Add Videos or PhotosBe first to contributeSign in now to share your story.Sign in with FacebookSign in with Google+Be first to contribute Verifying your credentials... Please wait. Uh oh! We're experiencing a few technical issues. Try again Bitcoin buttons are displayed Feb. 12 on a table at the Inside Bitcoins conference in Berlin.(Photo: Frank Jordans, AP)The head of Mt. Gox says he is "working very hard" to fix problems that forced the troubled Bitcoin exchange to stop trading.Mark Karpeles posted a statement to the website of Mt. Gox[1], his first comments since the exchange's website was disabled and halted trading, raising concerns over the viability of the digital currency."As there is a lot of speculation regarding MtGox and its future, I would like to use this opportunity to reassure everyone that I am still in Japan, and working very hard with the support of different parties to find a solution to our recent issues," Karpeles said in his statement.Questions about the status of Mt. Gox started to surface Tuesday when Mt. Gox, one of the biggest Bitcoin exchanges, seemed to have disappeared[2]. Its website only displays statements from Karpeles and from the company itself. On Sunday, the Bitcoin Foundation, the group that manages the cryptocurrency, says Mt. Gox resigned from their board of directors.In a statement released Monday, representatives from the leading Bitcoin exchanges distanced themselves from Mt. Gox. "In order to re-establish the trust squandered by the failings of Mt. Gox, responsible…
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Report: The most miserable states in the USA

Workers inspect an area outside a retaining wall around storage tanks where a chemical leaked into the Elk River at Freedom Industries storage facility in Charleston, Va., Monday, Jan. 13, 2014.(Photo: Steve Helber, AP)Story HighlightsWest Virginia remained at the bottom of the well-being list for the fifth consecutive yearThe states with high well-being scores enjoyed lower obesity rates and other common health problemsResidents in states with low well-being were more likely to have limited access to basic necessitiesThe well-being of Americans hasn't improved in the past six years, and it even declined slightly in 2013, according to a recent Gallup study. While national figures remained flat overall, the ranks of the states with the highest well-being scores changed considerably. North Dakota topped the well-being list in 2013 after failing to crack the top 10 in 2012. Hawaii, 2012's top state, fell to eighth in 2013. West Virginia, on the other hand, remained at the bottom of the list for the fifth consecutive year.The Gallup-Healthways Well-Being Index, which interviewed more than 176,000 people from all 50 states last year, measures the physical and emotional health of Americans across the country.[1]24/7 Wall St.[2] reviewed the more than 50 metrics comprising the six broad categories Gallup used to identify well-being.Well-being matters because it effectively reflects health, employment, education and the local environment, Dan Witters, research director of the Gallup-Healthways Well-Being Index, told 24/7 Wall St.Witters suggested that this means that a strong economy and a healthy, educated workforce can improve well-being, just as high well-being may also influence further development.Because these relationships appear to exist, "there's a lot of things that employers or communities can do structurally, culturally, legislatively, that can positively affect change around well-being," Witters added.The Gallup-Healthways survey asked respondents a large range of questions. There were several indicators for which…
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How to survive 'Hot Pockalypse 2014'

The world of frozen foods was shaken to its core this Tuesday when Nestle issued a voluntary recall[1] on some varieties of its popular Hot Pockets due to a related recall of 8.7 million pounds of potentially contaminated meat[2]. Since Hot Pockets account for approximately 50 percent of the average American college student's diet (the other half consists of ramen and beer), we're surprised that a state of emergency hasn't been declared on campuses across the country. Of course, enterprising students (at least those with access to a range or toaster oven) can always cut out the middleman and make their own. To help the minds of tomorrow survive this harrowing time, we've gathered some recipes for meals-in-a-pouch in a pinch. They all take around 35 minutes to put together, which is admittedly more work than unfolding a tray and setting the microwave to "scald." But at least you'll end up with something that tastes more like food and less like regret. Broccoli & Cheddar (via Food Network) We'll start with something healthy, because that's definitely not the first word people associate with Hot Pockets. Food Network has an excellent recipe for broccoli and cheddar hot pockets[3] that'll help get some green matter in your diet without taking you out of your comfort zone. This recipe is simple, with a relatively short ingredient list. Chicken is also the perfect companion to broccoli and cheese, for those who want to add meat to this vegetarian dish. And while you're at it, throw some bacon in there. That's healthy, right? Turkey & Veggies (via Runner's World) For those who want a dose of protein, but also want a pocket that's relatively healthy, this recipe[4] from Runner's World calls for everybody's favorite Thanksgiving bird and a boatload of veggies. The recipe includes ample…
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Forest Labs buyout may boost other drug stocks

Actavis, a drug maker whose logo is seen here, plans to buy Forest Laboratories(Photo: AP)Story HighlightsForest Lab shares soar on $25 billion buyoutInvestors wonder if other smaller drug companeis are in playBig drugmakers shares unchanged, but some smaller stocks see actionForest Laboratories' investors are scoring big on news of the $25 billion buyout by Actavis, and some wonder if the interest will spread to other drugmakers' shares.Shares of Forest Labs, a maker of treatments for conditions including irritable bowel syndrome, are definitely the biggest winners from the news, rocketing $20.88, or 29%, to $92.27 in midday trading Tuesday. And in an interesting twist, shares of the buyer, Actavis, is also higher, $13.36, or 6.7%, to $205.24. Typically, shares of the acquiring company initially fall as investors worry that it paid too much for the deal.Investors wonder if this deal, though, puts the pharmaceutical industry in play and sets it up for further stock gains. Among the biggest reactions are among the smaller drug makers who compete with Forest, which presumably could be ripe for corporate deal making. Shares of Insmed, a biotech company developing treatments for lung diseases, jumped $1.98, or 11.9%, to $18.59. Actavis CEO Paul Bisario will helm the newly enlarged company.(Photo: Maryanne Russell, AP)Mallinckrodt, a developer of treatments for chronic pain, added $4.41, or 6.6%, to $71.62. And Mylan, which specializes in a number of injectable drugs, gained $2.79, or 6.1%, to $48.89.Outside these smaller players, though, stock reactions were small with the largest drug and biotech companies. The U.S. drugmaking giants Johnson & Johnson, Pfizer and Merck each saw there shares move less than 1%. Foreign drugmaking giants Roche and GlaxoSmithKline saw their shares added 1.2% and 1.6% respectively....
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Ford banks on shift from cars to SUVs

Alisa Priddle , Detroit Free Press 11:03 a.m. EST February 16, 2014 Ford is introducing the Indian-made Ecosport compact SUV -- smaller than Escape -- into Europe.(Photo: Ford)Story HighlightsPassenger cars are so last centuryWorld demand for SUVs, particularly small ones, has jumpedSUV models offered by world automakers has doubled since 2000One in five vehicles sold around the world in 2018 — about 14 million annually — will be sport-utilities or crossovers, according to forecasts by IHS Automotive."These statistics are really dramatic," said Jim Farley, head of global marketing, sales and service for Ford. "Something is really changing in our industry."A seemingly insatiable appetite for crossovers, especially smaller ones, is pushing automakers to expand their lineups. The number of crossover models has more than doubled from 180 in 2000 to 370 todayBuyers from the U.S. to China, India, Brazil, Russia and Thailand see today's crossovers as mainstream vehicles — much like sedans and coupes used to be the backbone of the industry.The changing silhouette of vehicles has struck Farley, a voracious collector of data, and surprised some on Ford's leadership team.Fortunately Detroit's automakers have been near the front of this trend. Sales of Ford's SUVs and crossovers, from the subcompact EcoSport to the spacious Expedition, surged 37% last year, outpacing the industry's 17% increase.Ford confirmed Thursday that it will continue making the next-generation Edge crossover in Oakville, Ontario, where it is spending $700 million to expand. Ford exports the Edge to 60 countries.In 2013, the Ford Escape/Kuga and EcoSport were the fastest growing and most important models, followed by the F-Series pickup. In India, Ford stopped taking orders for the EcoSport after filling half the year's orders in a couple weeks.Here is some geographic data on sales of SUVs and crossovers:• China accounted for 8% of global utility sales in 2008.…
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6 killed in GM cars with faulty ignition switches

A 2005 Chevrolet Cobalt.(Photo: GM via Wieck)Story HighlightsAt least six have been killed in crashes involving faulty switchesGM recalling 778,562 Chevy Cobalt, Pontiac G5 compacts to install new switchesHeavy key rings can pull switch out of position, break contactAt least six people have died because of accidents involving faulty ignition switches in General Motors compacts, prompting the big automaker to recall 778,562 of its 2005-2007 Chevrolet Cobalt and 2007 Pontiac G5 compacts in North America.Recalls rarely involve flaws that kill people; many are linked with no accidents or injuries.But some notable recalls in recent years have been connected with deaths, including a Jeep recall last year, Toyota's "sudden acceleration" recalls in 2010 that were blamed in part on driver error and a Honda multiyear recall for faulty airbags.This recall is for switches that can shut off the car if jarred and the remedy is to replace the switch. It will be difficult to get done because the cars are old enough to be in the hands of second, or even third owners. Industry and safety officials' experience shows that many subsequent owners don't register with automakers, so it's tougher to find them with notice of a recall."GM is going to spend a considerable amount of time, money and effort locating and fixing the defective cars," says Kaitlin Wowak, University of Notre Dame assistant professor of management, who specializes in supply chain risks.GM said it knows of at least 22 accidents linked to the ignition switches in the nearly identical Cobalt and G5. The cars were discontinued years ago but still can be found as cheap used vehicles for low-budget shoppers.The recall is a black eye for GM, just as it is rebuilding its image now that the government no longer owns any of its stock and its new CEO is…
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