PRESS DIGEST - Wall Street Journal - Dec 7
Dec 7 The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
March 13 The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
* General Motors said on Wednesday that it had received reports as early as 2001 - three years earlier than previously disclosed - of a safety defect in its cars that the company has now linked to 12 deaths and at least 31 accidents over the past decade. ()
* A federal judge on Wednesday ordered Fabrice Tourre, the former Goldman Sachs Group Inc trader at the center of a troubled mortgage deal, to pay the Securities and Exchange Commission $825,000 in penalties and other costs. The sum fell just short of the roughly $1 million payout that the agency had requested. ()
* The U.S. Federal Trade Commission said on Wednesday that it had opened an official inquiry into Herbalife Ltd, the nutritional supplement company that has been the focus of a 15-month crusade by hedge fund billionaire William Ackman. ()
* King Digital Entertainment Plc, maker of hit mobile phone game "Candy Crush Saga", said on Wednesday that it expected to price its shares from $21 to $24 each in its forthcoming offering, which would value the company at $7.6 billion. ()
* Citigroup Inc cut the pay of its chairman for Mexico, Manuel Medina-Mora, by about $1.1 million last year from 2012, citing "control issues" at its Banamex USA unit. ()
* Hedge fund Elliott Management is raising its bet on Juniper Networks Inc after the networking equipment company announced a series of new initiatives. ()
* Jefferies Group LLC, the investment bank and brokerage firm, agreed on Wednesday to pay $25 million to settle accusations by the Securities and Exchange Commission that it failed to supervise traders who lied to investors about the price of mortgage-backed securities. ()
* Atomico, the venture capital firm led by Niklas Zennstrom, the co-founder of Skype, is investing in Brazil again, a sign that entrepreneurship continues to grow in Brazil even amid a lagging economy. ()
* The Financial Conduct Authority of Britain has hired Julia Hoggett, a managing director for debt capital markets products at Bank of America Merrill, as head of investment banking in its supervision division. ()
* Credit Karma, a credit score service, announced on Wednesday that it raised $85 million in a third round of fund-raising, led by Google Inc through an investment arm that specializes in late-stage technology companies. ()
NEW YORK, Dec 6 Relatives of Malaysian businessman Low Taek Jho plan to take fresh court action in a bid to prevent the U.S. government from seizing assets as part of an investigation into the scandal-tainted 1MDB fund, according to a U.S. court filing.
Dec 6 Relatives of Malaysian businessman Low Taek Jho are seeking fresh court action in a bid to prevent the U.S. government from seizing assets as part of an investigation into the scandal-tainted 1MDB fund, according to a U.S. court filing.