Nippon Steel & Sumitomo Metal Corp, Japan's biggest steelmaker and a shareholder of Kobe Steel Ltd, is willing to provide support to Kobe if it receives any request, the president of Nippon Steel said on Monday. More »
The billionaire founder of Insys Therapeutics Inc, John Kapoor, has resigned from the company's board of directors, Insys said in a statement on Sunday. More »
General Electric Co (GE.N) executives did not tell the multinational conglomerate's board until October about a spare business jet that routinely flew for its now-retired chief executive, the Wall Street Journal reported on Sunday, citing people familiar with ... More »
The U.S. Securities and Exchange Commission has taken the first step in formally establishing an advisory committee to scrutinize the rules of the fixed income market and advise on potential reforms, according to a regulatory filing. More »
Federal prosecutors are investigating foreign-exchange trading at Wells Fargo & Co and have subpoenaed information from the firm, the Wall Street Journal reported, citing people familiar with the matter. More »
Uber Technologies Inc [UBER.UL] said on Friday it hired a new chief legal officer to guide the company through its many legal quandaries, filling one of the crucial vacancies in its leadership. More »
UBS AG (UBSG.S) will pay a $3.5 million civil fine to settle U.S. Securities and Exchange Commission claims that it overcharged customers on mutual funds, the regulator said on Friday. More »
Subaru Corp (7270.T) failed to follow proper inspection procedures for vehicles destined for the domestic market at a factory in Japan, two people with knowledge of the matter said on Friday. More »
The billionaire founder of Insys Therapeutics Inc was arrested on Thursday on U.S. charges he participated in a scheme to bribe doctors to prescribe a fentanyl-based cancer pain drug, marking a step by authorities to fight the opioid epidemic. More »
Silicon Valley business software startup Zenefits and its co-founder Parker Conrad have been fined nearly $1 million by the U.S. Securities and Exchange Commission as part of a settlement over charges that they misled investors. More »
The largest U.S. veterans service organization on Thursday urged President Donald Trump to veto recent legislation allowing financial companies to block customers from banding together to sue, saying it would hurt members of the armed forces. More »
The U.S. Treasury on Thursday rejected the idea of singling out specific asset management and insurance firms as systemically risky, indicating that they are unlikely to be designated as “too big to fail” and slapped with additional oversight under the adminis... More »
The Weinstein Co film company on Thursday was sued by its founder and former co-chairman Harvey Weinstein who is seeking information that could help defend himself against sexual assault allegations, and also help defend the company against potential liability... More »
A New Zealand political party has been ordered to pay more than $400,000 to U.S. rapper Eminem for using music similar to his 2002 hit "Lose Yourself" in a television commercial to help win a national election. More »
Embattled Japanese conglomerate Toshiba Corp said on Monday it now expects to slide to a net loss of nearly $1 billion this business year after calculating taxes related to the sale of its prized chip unit. More »
Are unsuspecting seniors around the United States being scooped up without warning from their homes, placed in nursing homes and having their possessions taken away? More »
The founder of Canada's comedy festival 'Just for Laughs', which draws celebrities including Trevor Noah, Sarah Silverman and Jerry Seinfeld, has resigned from his own company in the wake of allegations of sexual harassment. More »
A Brazilian whose arrest led U.S. authorities to discover $17 million hidden under a mattress pleaded guilty on Thursday to charges that he tried to launder funds tied to one of the largest pyramid schemes ever. More »
Activist investor RBR Capital Advisors is launching a campaign for breaking up Swiss bank Credit Suisse Group AG (CSGN.S) into three parts, the Financial Times reported on Monday. More »
A U.S. judge on Monday invalidated patents on Allergan Plc's dry-eye medicine Restasis on grounds that the patents cover ideas that are obvious, sending shares of the pharmaceutical company down 3.5 percent. More »
A brokerage industry regulator on Monday ordered Wells Fargo & Co to return $3.4 million to customers after selling them inappropriate investment products, the latest sign that a culture of problematic sales practices has bled into areas outside its consumer b... More »
Attorney Charles Harder has withdrawn from the legal team of Harvey Weinstein after previously threatening to sue the New York Times over its reports that the movie producer had been the target of sexual harassment complaints, said a source familiar with the m... More »
Uber [UBER.UL] submitted a court appeal on Friday to overturn a decision by London's transport regulator that stripped the taxi app of its operating license in one of its most important markets. More »
Jay Y. Lee, the billionaire heir to South Korea's Samsung Group, should find some comfort that its crown jewel Samsung Electronics Co Ltd has reported record profit every quarter since he was jailed in February, making him even richer. More »
Toshiba Corp said it is discussing joint investment in a new chip production line with Western Digital Corp - its estranged business partner after the Japanese firm chose a different suitor to buy its $18 billion semiconductor business. More »
Fidelity Investments is testing virtual reality technology to train customer service representatives in its call centers across the United States. More »
University of Chicago professor Richard Thaler may have won the Nobel Economics Prize on Monday for his work on behavioral economics, but the behavior of investors has him stumped. More »
An Australian lawfirm formally filed a class action suit against Commonwealth Bank of Australia on behalf of shareholders on Monday, accusing it of failing to disclose widespread breaches of anti-money-laundering rules. More »
The Weinstein Co has fired co-Chairman Harvey Weinstein, effective immediately, following reports of sexual harassment allegations against the executive, who was one of Hollywood's biggest power brokers, the film production company said on Sunday. More »
President Donald Trump, whose presidential campaign was jolted a year ago by the release of a recording in which he boasted about groping women, said on Saturday he was not surprised by sexual harassment allegations against media mogul Harvey Weinstein. More »
President Donald Trump's administration on Friday undermined requirements under the Obamacare law that employers provide insurance to cover women's birth control, keeping a campaign pledge that pleased his conservative Christian supporters. More »
Roy and Jill Serjeant More »
The California State Teachers' Retirement System (CalSTRS) said on Thursday it would support the nomination of Nelson Peltz, chief executive of Trian Fund Management, to the board of directors at Procter & Gamble Co (PG.N). More »
A suburban New York hedge fund manager accused of losing or spending all but about $27,000 of the $21.8 million he told investors he had was criminally charged on Thursday with running a Ponzi scheme. More »
Democratic U.S. Senator Claire McCaskill on Thursday said she drafted a bill stating that tribal sovereign immunity cannot be used to block U.S. Patent and Trademark Office review of a patent. More »
EFG International's Joachim Straehle is stepping down as chief executive after some 2-1/2 years, during which time the Swiss private bank acquired troubled BSI Bank from Brazil's BTG Pactual. More »
Uber's new global boss Dara Khosrowshahi will meet London's transport regulator on Tuesday as the taxi hailing app fights to keep its license in one of its most important foreign markets. More »
The board of Uber Technologies Inc [UBER.UL], including two new appointees of former Chief Executive Travis Kalanick, will meet on Tuesday to consider proposals that diminish the co-founder's influence, strip early investors of supervoting power and secure a m... More »
Equifax Inc (EFX.N) was alerted in March to the software security vulnerability that led to hackers obtaining personal information of more than 140 million Americans but took months to patch it, its former CEO said in testimony to be delivered to Congress on T... More »
South Africa's central bank has told top lenders they cannot fire auditor KPMG [KPMG.UL], entangled in a scandal involving friends of President Jacob Zuma, because it might undermine financial stability, two sources with knowledge of the matter said. More »
The chief executive of Canada's biggest lender on Thursday pushed back on a suggestion by JPMorgan (JP.N) Chief Executive Jamie Dimon that bitcoin is a fraud, though he said the cryptocurrency needs monitoring. More »
Activist group Avaaz stepped up its battle to stop Rupert Murdoch buying Sky (SKYB.L), launching a legal challenge to the regulator's view that the pay-TV group would still be a "fit and proper" owner of a broadcasting license if the deal goes ahead. More »
A tree trimming company has been handed the largest penalty imposed in a United States immigration case, totaling $95 million, after pleading guilty to employing illegal immigrants, the U.S. Attorney’s Office said. More »
Italy has launched a process that could end with Telecom Italia (TLIT.MI) being fined for failing to notify Rome that French media group Vivendi (VIV.PA) had assumed de facto control of the phone company, a government source said. More »
Washington state on Thursday sued OxyContin maker Purdue Pharma LP, becoming the latest state or local government to file a lawsuit seeking to hold pharmaceutical companies accountable for a national opioid addiction epidemic. More »
Credit Agricole is to move its European government bonds trading platform from London to Paris in September 2017, a spokeswoman for the bank told Reuters. More »
Wells Fargo & Co. (WFC.N) has hired law firm Sidley Austin to take the lead in preparing Chief Executive Tim Sloan for his appearance before the U.S. Congress next month to answer questions about a year-long sales practices scandal, according to four sources w... More »
Wells Fargo (WFC.N) Chief Executive Tim Sloan is due to testify before Congress on Oct. 3 as the bank deals with fallout from a sales scandal a year ago that continues to spark new revelations. More »
The new boss of Carrefour (CARR.PA) could close some of the retailer's large hypermarket stores in France as part of plans to turn around the company, a union official said. More »
Airbus (AIR.PA) denied any wrongdoing in a submission on Monday to Austrian prosecutors investigating allegations of fraud and willful deception over a $2 billion fighter deal and threatened the country's defense minister with legal action. More »
U.S. discount retailer Dollar Tree Inc (DLTR.O) said on Monday Bob Sasser will be replaced as chief executive by Gary Philbin, the company's enterprise president, effective immediately. More »
South Africa's tax agency said on Monday it will launch legal proceedings against KPMG for reputational damage caused when the auditor released details of a confidential report it had compiled for the tax office. More »
Citigroup Inc named Peadar MacCanna and Murat Demirel as trade co-heads for its treasury and trade solutions (TTS) business in Europe, Middle East and Africa (EMEA). More »
KPMG on Monday said it is weighing its options after South Africa's tax service announced plans to sue because of public statements the auditor made about a confidential report. More »
Cadwalader, Wickersham & Taft LLP said on Monday that it hired former U.S. Federal Trade Commission (FTC) attorney Bilal Sayyed to strengthen the law firm's antitrust practice. More »
Swiss money manager GAM Holding AG named Adrian Gosden investment director. More »
RPMI Railpen, the British investment manager for the Railways Pension Scheme, named Jocelyn Brown senior investment manager of the company's sustainable ownership team. More »
Financial technology firm Calastone Ltd, which operates a fund transaction network, named Stephen Mohan as chief operating officer. More »
Teva Pharmaceutical Industries Ltd named H Lundbeck A/S Chief Executive Kare Schultz as its new CEO and president on Monday, as it struggles with heavy debts and fierce competition for its generic drugs in the United States. More »
British investment management firm Tilney Group has appointed Tyrone Samsonroy and Ben Gibson as financial planners at its London office. More »
A group including Western Digital (WDC.O) is seeking around 50 billion yen ($464 million) from Apple Inc (AAPL.O) to help finance a bid for Toshiba Corp's (6502.T) memory chip unit, Kyodo news agency reported on Friday. More »
Bayliss and Jeff Mason More »
A U.S. appeals court on Thursday rejected the Trump administration's effort to temporarily bar most refugees from entering the country, ruling that those who have relationships with a resettlement agency should be exempt from an executive order banning refugee... More »
Kenyan opposition leader Raila Odinga said on Tuesday his coalition would not participate in a re-run of a presidential election proposed for Oct. 17 unless they are given "legal and constitutional" guarantees. More »
Hyundai Motor Co (005380.KS) is at loggerheads with its Chinese partner over efforts to cut supplier costs, as they grapple with cut-throat competition and the impact of a stand-off between Beijing and Seoul, four people familiar with the dispute said. More »
Novartis (NOVN.S) CEO Joe Jimenez will step down on Feb. 1 and hand over to drug development chief Vas Narasimhan to decide the fate of $50 billion in assets and make good on a pledge to return the Swiss company to sales growth. More »
Vanguard Group, one of the world's biggest fund managers, voted against three directors at Wells Fargo & Co this year, including Chairman Stephen Sanger, according to U.S. filings, a rare rebuke from the bank's second-largest shareholder. More »
If the United States does more than flirt with a government shutdown and technical default, old assumptions about the safe-haven status of Treasury debt and the dollar will face unprecedented threats. More »
Japan's Sharp Corp (6753.T) said on Wednesday it has requested the U.S. International Trade Commision to investigate Hisense Group Co Ltd, escalating a dispute in which it has accused the Chinese firm of patent infringement. More »
Uber Technologies Inc [UBER.UL] officially welcomed its new Chief Executive Dara Khosrowshahi, who has led online travel business Expedia Inc for 12 years, in a note sent to employees of the world's biggest ride-services company late on Tuesday. More »
Uber Technologies Inc [UBER.UL] said on Tuesday it was cooperating with a preliminary investigation led by the U.S. Department of Justice into possible violations of bribery laws. More »
Samsung Electronics Vice Chairman Jay Y. Lee has filed an appeal against the five-year jail term he was given for bribery and other charges through his lawyer, according to the Seoul Central District Court's website on Monday. More »
Commonwealth Bank of Australia (CBA.AX), the nation's biggest lender, has been hit with a public inquiry into its governance and culture - the second regulatory probe to be launched this month after it was accused of massive breaches of money-laundering rules. More »
Uber Technologies Inc [UBER.UL] chose Dara Khosrowshahi, the chief executive of travel company Expedia Inc, as its chief executive on Sunday, according to two sources with knowledge of the matter, handing him the challenge of leading the ride-services company ... More »
listed shares trade on NYSE, not Nasdaq) More »
American International Group Inc's (AIG.N) new Chief Executive Brian Duperreault has pledged to revive the insurer's glory days of top talent, underwriting discipline and fat profit margins. More »
Four mutual fund companies have marked down their investments in Uber Technologies Inc [UBER.UL] by as much as 15 percent following a scandal-ridden year for the ride-hailing company. More »
Investors worried about lofty stock-market valuations may take comfort in signs that companies in the benchmark S&P 500 index are padding their bottomlines less than they have in previous years. More »
Two lawyers appointed to senior jobs at the U.S. Securities and Exchange Commission have ties to major companies including financial firms Goldman Sachs Group Inc (GS.N) and Wells Fargo & Co (WFC.N) that could complicate efforts to regulate them, according to ... More »
Ride-services company Uber is facing a divided board of directors and angry shareholders after investor Benchmark Capital filed a lawsuit against the company's ousted chief executive, Travis Kalanick, dealing another blow to the firm as it struggles to recover... More »
Samsung Electronics Vice Chairman Jay Y. Lee fought back tears and denied wrongdoing on Monday as prosecutors sought a 12-year jail term on charges that include bribing the former president to help cement control of the South Korean tech giant. More »
Toshiba Corp may gain a partial endorsement from its auditor for its annual financial results after disagreements over accounting for the much of the year, Japanese media reported - a step that would lessen, but not remove, the risk of a delisting. More »
The Commonwealth Bank of Australia (CBA.AX) said on Monday a software "coding error" was responsible for the "vast majority" of the anti-money laundering law breaches it was accused of last week. More »
Google executives over the weekend rushed to denounce an engineer's memo that ascribed gender inequality in the technology industry to biological differences, a view that sparked outrage at the internet giant and inflamed tensions over sexual harassment and d... More »
FILE PHOTO: The company logo of Noble Group is displayed at its office in Hong Kong, China January 22, 2016. Singapore-listed commodities trader Noble Group Ltd has paid the coupon on its 2020 bond, market sources said on Tuesday, helping to reduce worries abo... More »
The front of the New York Stock Exchange (NYSE) with a Snap Inc. logo hung on the front of it stands shortly before the company’s IPO in New York, U.S., March 2, 2017. The S&P 500 .SPX will start excluding companies that issue multiple classes of shares, manag... More »
The sign outside the Wells Fargo & Co. bank in downtown Denver April 13, 2016. Wells Fargo & Co needs to work more quickly to remake its board of directors following a sales scandal and public rebuke at the bank’s annual meeting in April, New York City Comptro... More »
FILE PHOTO – Nelson Peltz speaks at the WSJD Live conference in Laguna Beach, California October 25, 2016. Nelson Peltz’s Trian Fund Management LP said on Monday it was seeking a seat for its billionaire chief executive at Procter & Gamble Co’s (PG.N) board as... More »
FILE PHOTO – LeEco’s new Le Pro3 phone is on display during a press event in San Francisco, California, U.S. October 19, 2016. RETUERS/Beck Diefenbach An extraordinary shareholder meeting for the listed unit of indebted Chinese tech group LeEco ended amid prot... More »
FILE PHOTO – Visa CEO Charles Scharf (2nd R) and company executives ring the opening bell at the New York Stock Exchange, March 19, 2013. Bank of New York Mellon Corp (BK.N) named Visa Inc’s (V.N) former chief executive Charles Scharf as its CEO, effective imm... More »
FILE PHOTO – A woman photographs a banner for Snap Inc. on the facade of the New York Stock Exchange (NYSE) on the morning of the company’s IPO in New York City, NY, U.S. March 2, 2017. MSCI Inc has proposed leaving shares of Snap Inc (SNAP.N) and other compan... More »
FILE PHOTO: People walk past a row of Volkswagen e-Golf cars during the company’s annual news conference in Berlin, Germany March 13, 2014. Picture taken March 13, 2014. When Volkswagen boss Matthias Mueller vowed to reform the carmaker after its emissions sca... More »
The logo of Toshiba Corp is seen behind cherry blossoms at the company’s headquarters in Tokyo, Japan April 11, 2017. Crisis-hit Toshiba Corp has regained access to a crucial $6 billion credit line after stumping up shares in its chip unit as collateral but it... More »
The logo of Toshiba is seen as a shareholder arrives at Toshiba’s extraordinary shareholders meeting in Chiba, Japan March 30, 2017. Toshiba Corp (6502.T) is in talks with Western Digital Corp (WDC.O) and Taiwan’s Foxconn, as well as with an already preferred ... More »
CVS Health Corp has paid $5 million to resolve allegations that pharmacies it operates in California failed to keep and maintain accurate records of prescription drugs, the U.S. Justice Department said on Tuesday. More »
A woman walks past a Lanvin store in Paris, France, January 12, 2017. Lanvin, France’s oldest fashion brand, named on Tuesday Olivier Lapidus as its new artistic director, following the departure of Bouchra Jarrar. More »
A U.S. judge has appointed a new receiver to oversee the unwinding of assets held by hedge fund firm Platinum Partners, after the first receiver resigned over disagreements with federal securities regulators. More »
Flags with the Audi logo are pictured in Ingolstadt, the home of German carmaker Audi March 3, 2016. REUTERS/Michael Dalder Munich prosecutors arrested an Audi employee on suspicion of fraud and false advertising in connection with the carmaker’s emissions sca... More »
FILE PHOTO: The sign of AkzoNobel is pictured at its headquarters in Amsterdam, The Netherlands, February 6, 2014. REUTERS/Toussaint Kluiters/United Photos/ X02506/File Photo Activist hedge fund Elliott Advisors has filed a second lawsuit in its attempt to ous... More »
