- Special Report: Syria's Islamists seize control as moderates dither
- Obama defends U.S. intelligence strategy in wary Berlin |
- Stocks, bond prices drop as Fed points to reduced bond buying
- Wall St. slumps after Bernanke hints at slowing bond buying |
- Prosecutors plan more charges against accused Cleveland kidnapper
PRESS DIGEST-New York Times business news - July 3
July 3 |
July 3 (Reuters) - The following were the top stories on the New York Times business pages on Tuesday. Reuters has not verified these stories and does not vouch for their accuracy.
- In the largest settlement involving a pharmaceutical company, the British drugmaker GlaxoSmithKline Plc agreed to plead guilty to criminal charges and pay $3 billion in fines for promoting its best-selling antidepressants for unapproved uses and failing to report safety data about a top diabetes drug, federal prosecutors announced Monday.
- Robert Diamond, the chief executive of Barclays Plc , told employees on Monday that he was "disappointed and angry" about the bank's past attempts to manipulate key interest rates to bolster its bottom line.
- Microsoft Corp owned up on Monday to the collapse of its biggest push into digital advertising, announcing that it would take a $6.2 billion accounting charge in its online services division for a failed acquisition.
- Airbus, the European airplane maker, announced Monday that it would invest $600 million over the next five years to build an assembly line here for its popular A320 single-aisle jet - its first factory in the United States.
- Documents in a civil suit in federal court appear to threaten a legal defense that credit ratings agencies have long used to fend off liability for misjudging securities that later cost investors vast sums in losses.
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