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Martin Shkreli says securities fraud charges are ‘baseless’
By Frank McGurty NEW YORK (Reuters) – Martin Shkreli, the pharmaceuticals entrepreneur vilified for jacking up the price of a life-saving AIDS drug, said on Saturday that unrelated securities fraud allegations that resulted in his arrest this week were “baseless and … See the original post: Martin Shkreli says securities fraud charges are ‘baseless’ Read More →
JP Morgan to pay $307 million to settle SEC, CFTC charges over disclosures
By Sarah N. Lynch WASHINGTON (Reuters) – JP Morgan Chase will pay $307 million settle two U.S. government cases that charged the bank with failing to disclose certain conflicts of interest to some of its wealth management clients, U.S. regulators said Friday. The Securities and Exchange Commission said that two of the bank's … Originally posted here: JP Morgan to pay $307 million... [Read more]
Exclusive: Bombardier’s Beaudoin seen stepping down as chairman – source
Pierre Beaudoin is expected to step down as executive chairman of Canada's Bombardier Inc in early 2016, according to a source familiar with discussions about the issue, but the company's chief executive dismissed the report. The source, who was not authorized to speak publicly, said the move was still being discussed and it was not clear who would replace Beaudoin, a member of the family... [Read more]
Oil heads for third straight weekly loss as supply weighs
By Karolin Schaps LONDON (Reuters) – Oil edged down on Friday as bearish sentiment driven by oversupply rattled the market and was set to lead prices to a third straight weekly drop, the longest losing streak in four months. Russia, one of the world's top oil producers, said on Friday it was not considering coordinating its output policy with OPEC members, adding the organisation was not... [Read more]
Prospects still slim for major global economic pickup
By Ross Finley, Silvio Cascione and Rahul Karunakar LONDON/BRASILIA/BENGALURU (Reuters) – The world economy may be set for another year like 2015, with modest growth in developed economies offsetting persistent weakness elsewhere but generating very little inflation and keeping interest rates low. The U.S. Federal Reserve's long-awaited rise in … See the original post here: Prospects... [Read more]
Brazilian court pulls the plug on WhatsApp
Popular messaging app shut down for 48 hours for noncompliance with a Brazilian court order. Read the original here: Brazilian court pulls the plug on WhatsApp Read More →
Janet Yellen: An orthodox economist for unorthodox times
By Jason Lange WASHINGTON (Reuters) – Janet Yellen is guiding the Federal Reserve towards its first rate rise in a decade armed with traditional economic models that some economists worry could fail her in a world of massive money printing and … Read the original: Janet Yellen: An orthodox economist for unorthodox times Read More →
Fed begins two-day meeting to decide on interest rate hike
WASHINGTON (Reuters) – Top officials at the Federal Reserve on Tuesday began a two-day policy meeting that is expected to end with the first U.S. interest rate increase since 2006. The meeting began at 1 p.m. EST, a See more here: Fed begins two-day meeting to decide on interest rate hike Read More →
Twitter warns some users of possible ‘government’ hacking
Emails say 'state-sponsored' hackers might be trying to steal users' phone numbers, email addresses and IP addresses. Read more here: Twitter warns some users of possible ‘government’ hacking Read More →
Alibaba agrees on $266 million acquisition deal with South China Morning Post
SHANGHAI/HONG KONG (Reuters) – Alibaba Group Holding Ltd has agreed on a $266 million deal to acquire the South China Morning Post and other media assets of SCMP Group Ltd , a deal that has raised a question over the outlook for its editorial independence. In a filing to the Hong Kong Go here to read the rest: Alibaba agrees on $266 million acquisition deal with South China Morning Post Read More →