NEW YORK - A former Bank of New York Mellon Corp trader on Friday pleaded guilty to insider trading based on tips from a former Merck & Co Inc employee about potential pharmaceutical mergers.
NEW YORK - Tesco Plc has been hit with a proposed class action lawsuit in the United States by investors over accounting irregularities at Britain's largest retailer.
FRANKFURT - Deutsche Bank is bracing to pay almost 1 billion euros ($1.3 billion) for Libor-related fines as it nears a deal with U.S. and UK authorities to settle allegations it attempted to manipulate the benchmark interest rate, two sources familiar with the matter said on Friday.
- Drugmaker Baxter International Inc said the U.S. Food and Drug Administration had approved its drug for treating bleeding episodes in adults with a rare bleeding disorder.
WASHINGTON - The U.S. Federal Communications Commission expects a major auction of low-frequency airwaves to be pushed back to early 2016 from mid-2015 because of its complexity and a pending court challenge, an FCC official said in a blog post on Friday.
ZURICH - Swiss authorities have searched the offices of private Bank J. Safra Sarasin as part of a probe led by German prosecutors into dividend stripping, an investment strategy that can be used to help clients avoid taxes, a Zurich prosecutor said.
LONDON - Britain's accounting watchdog, the Financial Reporting Council, said it was scrutinizing supermarket Tesco's announcement on accounting irregularities as it decides whether to take enforcement action.
NEW YORK - Rengan Rajaratnam, who was cleared of criminal insider trading charges following the conviction of his older brother, Galleon Group founder Raj Rajaratnam, has agreed to pay more than $841,000 to resolve civil claims by the U.S. Securities and Exchange Commission. The settlement was filed on Thursday by the SEC in New York federal court, three months after a federal jury in Manhattan acquitted Rengan Rajaratnam of conspiring to engage in insider trading, a rare defeat for
- Lawyers representing 73 Swiss banks seeking to avoid a tax-evasion probe by U.S. authorities wrote a letter to the U.S. Department of Justice raising questions over a dozen demands, including the banks' cooperation with other nations.
TOKYO - Honda Motor Co will continue to do business with Takata Corp, a senior executive at Japan's third largest automaker said on Friday, even as defective Takata airbags threaten to expand a recall already affecting 5 million Honda cars in the United States.
- Financial: UPDATE 3-Euro zone risks "relapse into recession" without structural reforms - Draghi
- Technology: UPDATE 2-U.S. delays 'incentive' airwaves auction to early 2016
- Healthcare: Ex-Bank of New York Mellon trader pleads guilty to insider trading
- Consumer: U.S. House panel to meet with safety regulators about Takata air bags next week
- Energy: U.S. oil export battle heats up as drillers group to fight ban
- Industrials: UPDATE 1-EU climate change goal pits green business against industry
- M&A: UPDATE 1-U.S. appeals court rules for GM over Spyker's Saab sale
- Bankruptcy: U.S. appeals court rules for GM in Spyker's Saab sale lawsuit
- IPOs: Tesco getting hammered after rating downgrades
- Private Capital: PE groups Apax, Bain consider bid for Portugal Telecom - FT
- Hedge Funds: Hedge fund exit requests drop to nine-month low