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Asian shares hitch a ride on Wall Street's record

TOKYO - An index of Asian shares neared a six-and-half-year peak on Friday and was poised for a weekly gain, after upbeat U.S. economic data sparked another record close on Wall Street.

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U.S. judge calls Argentina debt swap plan 'illegal'

NEW YORK - U.S. District Judge Thomas Griesa on Thursday called Argentina's proposed debt restructuring plan "illegal" but stopped short of holding the country in contempt, saying that would not help resolve the dispute that led to the nation's second default in a dozen years.

21 Aug 2014

Citigroup facing restrictions on sales of hedge fund investments: WSJ

- Citigroup Inc has been sending hedge fund firms letters informing them that it cannot sell investments in hedge funds and private-equity funds to clients after a deal with the Securities and Exchange Commission, the Wall Street Journal reported.

U.S. court denies Allergan bid to speed insider trading suit

- A federal judge in California on Thursday denied a request by Allergan Inc to expedite its civil suit claiming that Valeant Pharmaceuticals International Inc and Pershing Square Capital Management engaged in insider trading ahead of their bid to buy Allergan.

Exclusive: Lockheed, suppliers brainstorm how to lower F-35 operating costs

WASHINGTON - Lockheed Martin Corp met with 90 key suppliers last week to brainstorm ways to lower the long-term cost of operating and maintaining the F-35 fighter jets from the Pentagon's current forecast of $1.02 trillion through 2065.

21 Aug 2014

Exclusive: Ouya scores Xiaomi partnership to take games to China

SAN FRANCISCO - U.S video game service Ouya is turning to Asia to capture the growth that has eluded the startup on its own home turf.

Tech, Deals, Media 21 Aug 2014

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