TOKYO - The Japanese affiliate of Ernst & Young LLC has launched an in-house investigation into its audit of Toshiba Corp in the wake of the electronics maker's $1.2 billion accounting scandal, a person with knowledge of the matter said.
- Goldman Sachs Group Inc has tentatively agreed to pay about $270 million to settle a lawsuit by investors, according to a source familiar with the matter.
WASHINGTON - General Electric Co.'s GE Capital unit for now will remain designated as "systemically important" - a tag that carries greater regulatory scrutiny, a U.S. regulatory panel announced on Friday.
WASHINGTON - The U.S. Securities and Exchange Commission filed civil fraud charges on Friday against a man they say is behind a pump-and-dump scam involving CYNK Technology [CYNK.PK], a penny stock company that briefly rose to a $6 billion value despite having no revenue.
GENEVA - China failed to comply with a World Trade Organization ruling that found its tariffs on a type of speciality steel products breached global trade rules, a WTO panel said in a ruling on Friday.
BRUSSELS - The European Commission said on Friday it had opened an in-depth investigation into Fedex's proposed 4.4 billion euro ($4.9 billion) takeover of Dutch rival TNT Express .
NEW YORK - A U.S. appeals court on Friday upheld a lower court's decision to clear Qualcomm Inc in a patent lawsuit by wireless chip developer ParkerVision Inc, allowing it to escape a $173 million verdict for infringement.
FRANKFURT - Deutsche Bank is freezing 2015 cash bonuses for current and former management board members while German regulator BaFin reviews the bank's role in an interest rate manipulation scandal, two people familiar with the matter said.
NEW YORK - U.S. securities regulators last week affirmed the importance of "consolidated" quotes and stock prices, a reminder that brokers must provide clients the most complete view of the market and that any subset is not enough.
RIO DE JANEIRO - Brazil's state-led oil company Petroleo Brasileiro SA plans to recover 6 billion reais ($1.76 billion) or more lost to a price-fixing, bribery and political kickback scheme, Chief Executive Aldemir Bendine said on Friday.
- Financial: Goldman tentatively agrees to pay $270 mln to settle lawsuit -source
- Technology: UPDATE 1-U.S. SEC charges man they say is behind the CYNK Technology fraud
- Healthcare: UPDATE 1-FDA warns of security flaw in Hospira infusion pumps
- Consumer: CORRECTED-UPDATE 2-Nvidia recalls some Shield tablets due to battery fire fears
- Energy: Brazil says it has leniency deal with builder in corruption probes
- Industrials: UPDATE 4-U.S. Marines declare initial F-35 squadron ready for combat
- M&A: UPDATE 2-Private equity pioneer Jerome Kohlberg dies
- Bankruptcy: UPDATE 1-Oil producer Afren to be put under administration
- IPOs: CORRECTED-UBS AT1 foreshadows heightened dollar supply
- Private Capital: Private equity pioneer Jerome Kohlberg dies -NYT
- Hedge Funds: New BoE policymaker's hedge fund interests to face scrutiny