White House Chief of Staff John Kelly looks on as U.S. President Donald Trump speaks to reporters in the Oval Office at the White House in Washington, U.S. February 9, 2018. REUTERS/Jonathan Ernst WASHINGTON (Reuters) – White House advisers on Sunday tried to ... More »
NEW YORK (Reuters) – An investor on Friday filed a lawsuit against managers of a U.S. mutual fund that relied heavily on a strategy that profits from calm markets but lost four-fifths of its value in turmoil this week. In a complaint seeking class-action statu... More »
NEW YORK (Reuters) – A U.S. mutual fund that relied heavily on a strategy that profits from calm markets has shut its doors to new investment after losing more than four-fifths of its value in recent market turmoil, filings showed on Thursday. The once-$800 mi... More »
(Reuters) – British oilfield services provider Petrofac said its top management, including its chairman and executive directors, would be interviewed by Britain’s Serious Fraud Office (SFO) regarding an ongoing investigation into suspected bribery and corrupti... More »
Samsung Electronics Vice Chairman, Jay Y. Lee leaves a court in Seoul, South Korea, February 5, 2018. Lee Ji-eun/Yonhap via REUTERS SEOUL (Reuters) – A South Korean appeals court on Monday suspended a jail sentence handed down to Samsung Group heir Jay Y. Lee,... More »
Samsung Group heir Jay Y. Lee said on Monday he spent his year in jail on "precious" self-reflection and promised to show a better side in future, after a high court suspended his jail sentence in a corruption scandal and set him free. More »
FILE PHOTO: White House budget director Mick Mulvaney holds a press briefing at the White House in Washington, DC, U.S., January 19, 2018. REUTERS/Kevin Lamarque/File Photo WASHINGTON (Reuters) – Mick Mulvaney, head of the Consumer Financial Protection Bureau,... More »
FILE PHOTO: A Wells Fargo branch is seen in the Chicago suburb of Evanston, Illinois, U.S. February 10, 2015. REUTERS/Jim Young/File Photo WASHINGTON/NEW YORK (Reuters) – Wells Fargo & Co detailed new regulatory restrictions imposed by the U.S. Federal Reserve... More »
FILE PHOTO: The seal of the U.S. Securities and Exchange Commission hangs on the wall at SEC headquarters in Washington, DC, U.S., June 24, 2011. REUTERS/Jonathan Ernst/File Photo BOSTON (Reuters) – A group representing large investors voiced concern that the ... More »
FILE PHOTO: Sony Corp’s Chief Financial Officer Kenichiro Yoshida attends a news conference at its headquarters in Tokyo, Japan, February 2, 2017. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Japan’s Sony Corp said CEO Kazuo Hirai would be handing over the reins t... More »
Sony Corp’s logo is seen at its news conference in Tokyo, Japan November 1, 2017. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Japan’s Sony Corp on Friday reported a nearly four-fold jump in third-quarter operating profit on growing demand for its image sensors, a... More »
(This February 1 story has been refiled to fix typo in 13th paragraph) By John Revill and Michael Shields ZURICH (Reuters) – Swiss private bank PKB Privatbank SA Lugano committed serious breaches of money laundering regulations in business linked to Brazilian ... More »
FILE PHOTO: A box of the Fentanyl-based drug Subsys, made by Insys Therapeutics Inc, appears in an undated photograph provided by the U.S. Attorney’s Office for the Southern District of Alabama. U.S. Attorney’s Office for the Southern District of Alabama/Hando... More »
Gedderts Twistars USA Gymnastics Club is seen in Dimondale, Michigan, U.S., February 1, 2018. REUTERS/Rebecca Cook LANSING, Mich. (Reuters) – Gymnastics coach Jamie Boyd-Hamilton is painfully questioning everything that once seemed normal in the Michigan commu... More »
NEW YORK (Reuters) – Array BioPharma Inc on Thursday sued AstraZeneca AB, accusing the pharmaceutical company of refusing to pay required royalties for a cancer drug after entering into an $8.5 billion collaboration with Merck & Co. In a complaint filed in the... More »
FILE PHOTO: Kate Upton attends Harper’s Bazaar’s celebration of ‘ICONS By Carine Roitfeld’ at The Plaza Hotel during New York Fashion Week in Manhattan, New York, U.S., September 9, 2016. REUTERS/Andrew Kelly (Reuters) – Guess Inc shares fell more than 17 perc... More »
FILE PHOTO – A Wells Fargo sign is seen outside a banking branch in New York July 13, 2012. REUTERS/Shannon Stapleton BOSTON (Reuters) – Wells Fargo & Co (WFC.N) pays female and racial minority employees very close to what male and white employees earn, an exe... More »
NEW YORK (Reuters) – Several key commodities traders are leaving Goldman Sachs Group Inc, sources said on Wednesday, the latest wrinkle as the Wall Street firm seeks to turn around its struggling commodities unit. Those leaving include Don Casturo, operating c... More »
FILE PHOTO – Key Safety Systems Chief Executive Officer Jason Luo listens to a question during an interview with Reuters in Tokyo, Japan October 5, 2016. REUTERS/Issei Kato/File Photo BEIJING (Reuters) – Ford Motor Co said its China chief, Jason Luo, has stepp... More »
FILE PHOTO: Larry Nassar, a former team USA Gymnastics doctor, who pleaded guilty in November 2017 to sexual assault charges, returns from a break to listen to victim testimony in the courtroom during his sentencing hearing in Lansing, Michigan, U.S., January ... More »
FILE PHOTO – Steve Wynn, Chairman and CEO of Wynn Resorts, speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., May 3, 2017. REUTERS/Mike Blake/File Picture WASHINGTON (Reuters) – Las Vegas casino mogul Steve Wynn resigned a... More »
NEW YORK (Reuters) – Och-Ziff Capital Management Group LLC rode bets on Asian stocks and U.S. corporate mergers to strong returns in 2017 – its best showing in years – but remained challenged by succession planning, declining assets and a stagnant stock price.... More »
(Reuters) – Canadian generic drug maker Apotex Inc’s Chief Executive Jeremy Desai has resigned, effective immediately, the company said on Friday. Desai resigned to pursue other opportunities, Apotex said in an emailed statement without elaborating. Company ve... More »
Larry Nassar, a former team USA Gymnastics doctor, who pleaded guilty in November 2017 to sexual assault charges, is led from the courtroom after listening to victim testimony during his sentencing hearing in Lansing, Michigan, U.S., January 23, 2018. REUTERS/... More »
HANOI (Reuters) – Vietnam has arrested a former chairman of state-owned Shipbuilding Industry Corporation (SBIC) for alleged abuse of power, police said on Friday, as the Southeast Asian nation cracks down on graft. A spate of high-profile arrests has shed lig... More »
FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network’s Neil Cavuto show in New York, U.S. on February 11, 2014. REUTERS/Brendan McDermid/File Photo (Reuters) – Investor Carl Icahn and Darwin Deason, the biggest- and t... More »
FILE PHOTO: A logo of Toshiba Corp is seen on a printed circuit board in this photo illustration taken in Tokyo July 31, 2012. REUTERS/Yuriko Nakao/File Photo TOKYO (Reuters) – Toshiba Corp is considering an IPO of its prized memory chip business if an agreed ... More »
A 3D-printed Facebook logo is seen in front of the logo of the European Union in this picture illustration made in Zenica, Bosnia and Herzegovina on May 15, 2015. REUTERS/Dado Ruvic MUNICH (Reuters) – Facebook executives are fanning out across Europe this week... More »
FILE PHOTO: A pharmacist holds prescription painkiller OxyContin, 40mg pills, made by Purdue Pharma L.D. at a local pharmacy, in Provo, Utah, U.S. on April 25, 2017. REUTERS/George Frey/File Photo (Reuters) – Delaware on Friday became the latest state to file ... More »
NEW YORK (Reuters) – A former personal assistant to Goldman Sachs Group Inc Co-Chief Operating Officer David Solomon has been charged with stealing hundreds of bottles of wine worth more than $1.2 million from his former boss. U.S. prosecutors on Wednesday sai... More »
FILE PHOTO: Jens Weidmann, President of German Bundesbank attends the Generation Euro Students’ Award ceremony at the European Central Bank (ECB) headquarters in Frankfurt June 20, 2012. REUTERS/Alex Domanski/File Photo FRANKFURT/BRUSSELS (Reuters) – Euro zone... More »
Vanguard Group CEO Mortimer “Tim” Buckley is pictured in this undated handout photo obtained by Reuters January 11, 2018. Vanguard Group/Handout via REUTERS BOSTON (Reuters) – Vanguard Group Inc’s vast scale helps it promote efficient markets, its new chief ex... More »
Leandra English (L), current acting director of the Consumer Financial Protection Bureau (CFPB) meets with Senate Democratic Leader Chuck Schumer (D-NY) and Senator Elizabeth Warren (D-MA) (not pictured) in Capitol Hill, Washington, D.C., November 27, 2017. RE... More »
FILE PHOTO: A pharmacist holds prescription painkiller OxyContin, 40mg pills, made by Purdue Pharma L.P. at a local pharmacy, in Provo, Utah, U.S. on April 25, 2017. REUTERS/George Frey/File Photo (Reuters) – A federal judge pushing for a quick settlement of l... More »
FILE PHOTO: Berkshire Hathaway shareholders walk by a video screen at the company’s annual meeting in Omaha, Nebraska, U.S., May 4, 2013. REUTERS/Rick Wilking/File Photo (Reuters) – Berkshire Hathaway Inc’s energy unit on Thursday named William Fehrman as its ... More »
FILE PHOTO: Berkshire Hathaway CEO Warren Buffett talks to reporters prior to the Berkshire annual meeting in Omaha, Nebraska, U.S. on May 2, 2015. REUTERS/Rick Wilking/File Photo (Reuters) – Berkshire Hathaway Inc on Wednesday promoted two of its top executiv... More »
The sign of a Domino’s Pizza restaurant is seen in Paris, France, October 27, 2016. REUTERS/Charles Platiau (Reuters) – Domino’s Pizza Inc (DPZ.N) said on Tuesday its chief executive, Patrick Doyle, will leave the biggest U.S. pizza delivery chain in June and ... More »
The sign for Swiss bank Julius Baer is seen at a branch office in Luzern, Switzerland, November 23, 2017. REUTERS/Arnd Wiegmann ZURICH (Reuters) – Swiss private bank Julius Baer said on Tuesday it bought the 20 percent in Italian wealth management firm Kairos ... More »
FILE PHOTO: A customer looks at her Apple iPhone X at an Apple store in New York, U.S., November 3, 2017. REUTERS/Lucas Jackson/File Photo BOSTON (Reuters) – Apple Inc was allowed to disregard one activist shareholder proposal on greenhouse gas emissions but t... More »
FILE PHOTO: Contestants await the results after competing in the swimsuit component of the 97th Miss America Competition in Atlantic City, New Jersey, U.S., September 10, 2017. REUTERS/Mark Makela/File Photo (Reuters) – The head of the organization that stages... More »
FILE PHOTO: Detainees sleep in a holding cell at a U.S. Customs and Border Protection processing facility, in Brownsville, Texas June 18, 2014. REUTERS/Eric Gay/Pool/File Photo NEW YORK (Reuters) – The U.S. Justice Department has issued new guidelines for immi... More »
People walk past a branch of the Royal Bank of Scotland in London, Britain December 1, 2017. REUTERS/Peter Nicholls (Reuters) – Royal Bank of Scotland Group Plc will pay $125 million to resolve claims that it made misrepresentations while selling mortgage-back... More »
FILE PHOTO: South African magnate Christo Wiese, Steinhoff’s largest shareholder and chairman, listens during an interview in Cape Town, South Africa, September 27, 2016. REUTERS/Mike Hutchings/File Photo (This December 7 story corrects to clarify Christo Wies... More »
FILE PHOTO – Christo Wiese, whose companies include Steinhoff International, speaks as Shoprite reported it’s results in Cape Town, South Africa, February 21, 2017. REUTERS/Mike Hutchings (This December 14 story corrects to clarify Christo Wiese did not start ... More »
SAN FRANCISCO (Reuters) – Alphabet Inc (GOOGL.O) said on Thursday its Executive Chairman Eric Schmidt will step down in January, ending a 17-year-run in which he played a central role in building a promising startup called Google into a global technology power... More »
FILE PHOTO: People stand at ZTE’s booth during Mobile World Congress in Barcelona, Spain, February 27, 2017. REUTERS/Paul Hanna/File Photo (Reuters) – Two consulting firms hired to help the United States police ZTE Corp’s compliance with trade sanctions have r... More »
A rose is covered with fresh snow on a cold winter day in the village of Lavacherie, Belgium December 3, 2017. REUTERS/Yves Herman NEW YORK (Reuters) – Acrimonious couples who were racing to get divorced by Dec. 31 or face dire tax consequences can breathe a s... More »
WASHINGTON (Reuters) – Randal Quarles, the top Federal Reserve official tasked with policing Wall Street, said on Friday that he would recuse himself from any matters concerning Wells Fargo & Co, the nation’s third largest bank. Wells Fargo, which last year pa... More »
FILE PHOTO: A Poundland employee checks products in a store in London, Britain November 10, 2015. REUTERS/Stefan Wermuth/File Photo JOHANNESBURG (Reuters) – South Africa’s Independent Regulatory Board for Auditors (IRBA) is investigating Steinhoff’s (SNHG.DE) ... More »
(Reuters) – Acting CSX Corp (CSX.O) Chief Executive Officer James Foote said on Friday he would run the No. 3 U.S. railroad in same manner as Hunter Harrison while its famed top executive is on medical leave due to an unspecified illness. On a conference call ... More »
FILE PHOTO – Hunter Harrison speaks to the economic community at a business luncheon in Toronto, March 2, 2015. REUTERS/Mark Blinch (Reuters) – CSX Corp (CSX.O) said on Thursday its Chief Executive Officer Hunter Harrison was taking medical leave, an announcem... More »
Airbus Chief Executive Tom Enders attends a ceremony during the delivery of the new Airbus A380 aircraft to Singapore Airlines at the French headquarters of aircraft company Airbus in Colomiers near Toulouse, France, December 13, 2017. REUTERS/Regis Duvignau P... More »
FILE PHOTO: Director Morgan Spurlock arrives for the premiere of the documentary film “This is Us” about British boy band One Direction in New York, August 26, 2013. REUTERS/Lucas Jackson LOS ANGELES (Reuters) – Award-winning U.S. documentary maker Morgan Spur... More »
FILE PHOTO: The Presidential motorcade awaits the departure of U.S. President Donald Trump from the U.S. Capitol in Washington, DC, U.S. on November 28, 2017. REUTERS/Kevin Lamarque/File Photo WASHINGTON (Reuters) – Prominent Republican senators on Thursday em... More »
BOSTON (Reuters) – Deckers Outdoor Corp beat back a challenge from activist hedge fund Marcato Capital Management, but shares of the maker of UGG boots fell more than 4 percent on news that all its directors had been re-elected. Shareholders voted to return al... More »
FILE PHOTO – Scott Minerd, Global Chief Investment Officer at Guggenheim Partners speaks at the 2014 Milken Institute Global Conference in Beverly Hills, California April 28, 2014. REUTERS/Lucy Nicholson NEW YORK (Reuters) – Top executives at asset manager and... More »
FILE PHOTO: The logo of Kobe Steel (Kobelco) is seen at the company headquarters in Kobe, western Japan October 24, 2017. REUTERS/Thomas White/File Photo TOKYO (Reuters) – Kobe Steel Ltd (5406.T) said on Friday it has been hit with lawsuits over its data tampe... More »
FILE PHOTO: A logo of Toshiba Corp is seen on a printed circuit board in this photo illustration taken in Tokyo July 31, 2012. REUTERS/Yuriko Nakao/File Photo TOKYO (Reuters) – Toshiba Corp (6502.T) and Western Digital Corp (WDC.O) have agreed in principle to ... More »
U.S. Senator Al Franken (D-MN) departs the U.S. Capitol with his wife Franni after announcing his resignation over allegations of sexual misconduct on Capitol Hill in Washington, U.S. December 7, 2017. REUTERS/Yuri Gripas WASHINGTON (Reuters) – U.S. Democratic... More »
FILE PHOTO: An AT&T logo and communication equipment is shown on a building in downtown Los Angeles, California October 29, 2014. REUTERS/Mike Blake/File Photo WASHINGTON (Reuters) – The trial to determine if the U.S. Department of Justice can stop AT&T Inc’s ... More »
FILE PHOTO – New York State Comptroller Thomas DiNapoli speaks during an interview with Reuters in New York, October 18, 2010. REUTERS/Brendan McDermid (Reuters) – New York state Comptroller Thomas DiNapoli is asking Wells Fargo & Co (WFC.N) to disclose more i... More »
BOSTON (Reuters) – Proxy advisory firm Institutional Shareholder Services on Wednesday suggested shareholders back hedge fund Marcato’s choice of directors at Deckers Outdoor Corp, switching its recommendation after the U.S. fund made changes. In one of the se... More »
(Reuters) – New York’s Metropolitan Opera on Sunday suspended its relationship with former long-time music director, the acclaimed conductor James Levine, as it investigates several allegations of sexual misconduct. The opera said in a statement that it decide... More »
(Reuters) – Two proxy advisory firms on Friday weighed in on one of the year’s most bitter proxy battles with one backing UGG boot maker Deckers’ management and the other giving partial support to activist hedge fund Marcato Capital Management. Shareholders wi... More »
(Reuters) – Mednax Inc, a U.S. healthcare network operator targeted by activist hedge fund Elliott Management Corp, is fielding acquisition interest from several private equity firms, according to people familiar with the matter. Elliott disclosed a 7 percent ... More »
Tezos co-founder and CTO Arthur Breitman and his wife and co-founder Kathleen Breitman respond to questions during the Money 20/20 conference in Las Vegas, Nevada, U.S. on October 24, 2017. REUTERS/Steve Marcus – RC1BF6690CD0 NEW YORK/ZURICH (Reuters) – The co... More »
A sign on the Qualcomm campus is seen, as chip maker Broadcom Ltd announced an unsolicited bid to buy peer Qualcomm Inc for $103 billion, in San Diego, California, U.S. November 6, 2017. REUTERS/Mike Blake (Reuters) – Qualcomm Inc (QCOM.O) said on Thursday it ... More »
FILE PHOTO: The Citibank building is seen in the financial district of Canary Wharf in London, Britain January 19, 2017. REUTERS/Kevin Coombs /File Photo (Reuters) – Citi Private Bank (CPB), a unit of Citigroup Inc that caters to wealthy individuals and famili... More »
Darren Woods, Chairman & CEO of Exxon Mobil Corporation speaks during a news conference at the New York Stock Exchange (NYSE) in New York, U.S., March 1, 2017. REUTERS/Brendan McDermid HOUSTON (Reuters) – Exxon Mobil Corp Chief Executive Darren Woods is reorga... More »
Julius Baer (BAER.S) said CEO Boris Collardi unexpectedly resigned at the weekend to take a new role at rival Pictet Group, and appointed its top risk officer to replace him "for the foreseeable future". More »
FILE PHOTO: A man arrives at the Uber offices in Queens, New York, U.S., February 2, 2017. REUTERS/Brendan McDermid/File Photo SAN FRANCISCO/NEW YORK (Reuters) – Uber Technologies Inc [UBER.UL] plans to move ahead with a deal to bring in Japanese technology co... More »
FILE PHOTO: The logo of Swiss specialty chemicals company Clariant is seen at the company’s headquarters in Pratteln, Switzerland October 29, 2017. REUTERS/Arnd Wiegmann ZURICH (Reuters) – Clariant (CLN.S) on Friday rejected its largest shareholder White Tale’... More »
SYDNEY (Reuters) – Shareholders of struggling Australian retailer Myer Holdings Ltd (MYR.AX) voted down its executive pay proposals on Friday, in a revolt led by billionaire investor Solomon Lew that put the board on notice to start delivering on its turnaroun... More »
The building that houses the headquarters of Mitsubishi Materials Corp is seen in Tokyo, Japan, November 24, 2017. REUTERS/Toru Hanai TOKYO (Reuters) – Mitsubishi Materials Corp (5711.T) saw its stock fall as much as 11 percent on Friday after it said three su... More »
A photo illustration shows the Uber app on a mobile telephone, as it is held up for a posed photograph, in London, Britain November 10, 2017. REUTERS/Simon Dawson (Reuters) – Uber Technologies Inc said on Thursday that it discussed a massive data breach with p... More »
FILE PHOTO: The company logo for Unilever is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 17, 2017. REUTERS/Brendan McDermid/File Photo (Reuters) – Consumer goods maker Unilever NV (UNc.AS) (ULVR.L) has b... More »
FILE PHOTO: The Uber logo is seen on mobile telephone in London, Britain, September 25, 2017. REUTERS/Hannah McKay/File Photo BRUSSELS (Reuters) – European Union privacy regulators will discuss ride-hailing app Uber’s [UBER.UL] massive data breach cover-up nex... More »
BOSTON (Reuters) – The rush of money into big index funds has raised concerns about whether they would still prove attractive in a downturn, an issue taking on more importance especially for industry leader Vanguard Group Inc as its passive products soar in sc... More »
HSBC headquarters is seen at the financial Central district in Hong Kong, China September 6, 2017. REUTERS/Bobby Yip HONG KONG (Reuters) – A Hong Kong tribunal on Tuesday imposed a record fine of HK$400 million ($51 million) on the private banking unit of HSBC... More »
FILE PHOTO: Demonstrators supporting the organization U.S. Inventors burn patents in front of the U.S. Patent and Trademark Office during a protest in Alexandria, Virginia, U.S. on August 11, 2017. REUTERS/Jan Wolfe/File Photo NEW YORK(Reuters) – In August, a ... More »
FILE PHOTO: The logo of Toshiba Corp is seen as window cleaners work on the company’s headquarters in Tokyo, Japan, February 14, 2017. REUTERS/Toru Hanai/File Photo TOKYO (Reuters) – Toshiba Corp’s plan to raise some $5.4 billion through a sale of new shares w... More »
NEW YORK/WASHINGTON (Reuters) – Wells Fargo & Co announced on Friday it fired its head of consumer lending, a move that people familiar with the matter said was because he disparaged a bank regulator to a fired employee. The abrupt departure of Franklin Codel,... More »
FILE PHOTO: Norman Seabrook, the head of New York City’s prison guard union, exits the Manhattan District court house in New York, U.S., July 22, 2016. REUTERS/Eduardo Munoz/File Photo NEW YORK (Reuters) – A U.S. judge on Thursday ordered a mistrial in the cor... More »
The Old Vic Theatre is seen in London, Britain November 16, 2017. REUTERS/Mary Turner LONDON (Reuters) – The Old Vic theater in London said on Thursday it had received 20 separate allegations of inappropriate conduct by Kevin Spacey from 20 men who came into c... More »
Goldman Sachs Group Inc has written down to zero the value of its stake in the Weinstein Company, the movie studio whose co-chairman Harvey Weinstein stepped down last month following sexual assault allegations, a person familiar with the matter said on Monday... More »
General Electric Co's (GE.N) new Chief Executive John Flannery on Monday outlined steps that will turn the biggest U.S. industrial conglomerate into a smaller, more focused company, surprising some investors who sold the company's shares to a five-year low. More »
The U.S. unit of the French insurer AXA has filed for an initial public offering (IPO), according to a U.S. regulatory filing on Monday. More »
Equifax Inc on Friday issued a fourth-quarter profit outlook that fell short of Wall Street expectations, saying the massive breach of its consumer data earlier this year would hurt sales and result in costs of $60 million to $75 million during the period. More »
Kobe Steel Ltd said on Friday a lack of quality controls and a focus on profits was behind the widespread data tampering that has shaken up the supply chains of car and plane makers around the world. More »
London Stock Exchange Group (LSE.L) will fix a date within three weeks for a shareholder vote on the removal of Chairman Donald Brydon and retention of CEO Xavier Rolet at the behest of activist investor TCI Fund Management, it said on Friday. More »
Equifax Inc (EFX.N) on Thursday reported lower quarterly profit, and quarterly revenue missed estimates, as the credit bureau warned that its massive data breach had prompted some customers to hold back business. More »
Genesis Healthcare Inc, one of the largest U.S. nursing home operators, expects to bounce back from industry woes after reaching a deal to restructure some of its leases, Chief Executive George Hager told investors on Thursday. More »
Proxy advisers Institutional Shareholder Services and Glass Lewis & Co each recently backed Vanguard Group Inc's management on fund trustee nominees and administrative items set for a rare shareholder vote next week, according to recommendations seen by Reuter... More »
Saudi Arabia's future king has tightened his grip on power through an anti-corruption purge by arresting royals, ministers and investors including billionaire Alwaleed bin Talal who is one of the kingdom's most prominent businessmen. More »
Bribery, embezzlement, money laundering and abuse of power are among the accusations leveled against dozens of Saudi princes, officials and businessmen detained in an anti-corruption probe, a Saudi official told Reuters on Monday. More »
Lotte Corp (004990.KS) said on Monday that a major property development in China had received approval from local authorities to start a second phase of construction - the latest sign that tension between Beijing and Seoul is easing. More »
Companies may have new grounds to keep shareholder proposals on social or ethical matters from coming to a vote at their annual meetings under guidance published late on Wednesday by the U.S. Securities and Exchange Commission. More »
New York state's banking regulator will be interviewing senior Barclays executives from New York and London over a whistleblowing scandal in the coming weeks, a source familiar with the situation said. More »
A leading U.S. regulator wants to make it easier for Wells Fargo to pay employees when they leave, loosening a restriction in place since a phony accounts scandal hit the bank last year, according to people familiar with the matter. More »
Embattled Kobe Steel Ltd has decided to withdraw its forecast for the current financial year as it struggles to quantify the impact of its data falsification scandal, the Nikkei business daily reported on Monday. More »
