Fed, in shift, may move to faster pace of rate hikes Fed, in shift, may move to faster pace of rate hikes:- The Federal Reserve, which has struggled to stoke inflation since the financial crisis and up until now raised rates less frequently than it and markets expected, may be […]
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U.S. extends leniency program for companies that disclose bribery U.S. extends leniency program for companies that disclose bribery:- The U.S. Justice Department will extend a program that offers companies leniency if they voluntarily tell authorities when employees may have paid bribes, a senior official said on Friday. The program was […]
Developer of Trump Tower in Toronto faces class action lawsuit Developer of Trump Tower in Toronto faces class action lawsuit:- A class-action lawsuit seeking the return of deposits has been launched against the developer of a downtown Toronto hotel bearing the name of U.S. President Donald Trump, the lawyer who […]
Strong U.S. job growth, rising wages set stage for Fed rate hike Strong U.S. job growth, rising wages set stage for Fed rate hike:- U.S. employers hired workers at a robust pace in February, beating expectations, and wages grinded higher, which could give the Federal Reserve the green light to […]
Corzine points to PwC role ahead of MF Global collapse Corzine points to PwC role ahead of MF Global collapse:- Former New Jersey Governor Jon Corzine on Friday resisted accepting blame for the October 2011 collapse of his brokerage MF Global Holdings Ltd [MGHL.UL], repeatedly stressing his reliance on judgments […]
Wanda $1 billion deal to buy Hollywood Dick Clark scrapped Wanda $1 billion deal to buy Hollywood Dick Clark scrapped:- Eldridge Industries, the U.S. owner of Dick Clark Productions Inc, said on Friday that one of its affiliates terminated an agreement to sell off the TV production company to Chinese conglomerate Dalian Wanda Group. […]
Caterpillar says compliant with tax laws after IRS claim Caterpillar says compliant with tax laws after IRS claim:- Caterpillar Inc (CAT.N) said on Friday it was compliant with tax laws, a week after federal law enforcement officials raided three of the company's buildings in connection with a probe into the […]
Some bank bulls grow wary on policy uncertainty Bank shares have been the runaway winners of the post-election U.S. stock market boom as investors wagered that higher interest rates, lighter regulation, lower taxes and faster economic growth would boost profits for lenders. Up 32 percent since the election of Donald […]
Volkswagen pleads guilty in U.S. court in diesel emissions scandal Volkswagen AG (VOWG_p.DE) pleaded guilty on Friday to fraud, obstruction of justice and falsifying statements as part of a $4.3 billion settlement reached with the U.S. Justice Department in January over the automaker's diesel emissions scandal. It was the first […]
RBS investors told to reveal funding in cash call case RBS investors told to reveal funding in cash call case:- A judge on Thursday ordered legal representatives of thousands of shareholders suing Royal Bank of Scotland (RBS.L) over a 12 billion pound ($15 billion) cash call to prove they have […]
