- A unit of Australia's Macquarie Group Ltd will pay $15 million to settle U.S. Securities and Exchange Commission charges that it misled investors who bought shares of China's Puda Coal Inc in an offering it underwrote.
- A U.S. jury has found that Ford Motor Co did not infringe four patents owned by a Washington state company in its onboard computer systems, clearing the No. 2 U.S. automaker in a $240 million lawsuit, Ford said on Friday.
BUENOS AIRES - The Argentine securities regulator said on Friday Citibank Argentina had violated local laws in striking a deal with litigating U.S. hedge funds and suspended the bank from conducting capital market operations.
ZURICH - The French division of Swiss bank UBS AG has been placed under formal investigation by French authorities and been asked to pay a 40 million euro ($43 million) bail, UBS said on Friday, in an escalation of a long-running probe into allegations the bank helped clients avoid taxes.
- Shareholders on Friday voted to approve the mergers of rival oilfield services firms Baker Hughes Inc and Halliburton, bringing the proposed deal that still lacks regulatory approvals a step closer to finalization.
WASHINGTON - A U.S. judge on Friday decided not to require prison time for two former Credit Suisse Group AG bankers who pleaded guilty to helping U.S. customers evade taxes by using Swiss accounts.
MILAN - A former manager of Barclays in Italy Vittorio Maria De Stasio and businessman Aldo Bonaldi were sentenced to jail by a court in Milan on Friday on corruption charges.
- Olympus Corp said on Friday it has agreed to pay as much as 11 billion yen ($92 million) to resolve two civil lawsuits arising from a 2011 accounting scandal at the maker of cameras and medical imaging equipment.
SANTANDER, Spain - Spain's largest bank Santander will meet U.S. regulatory demands as soon as possible and aims to strengthen its current position in the country, CEO Jose Antonio Alvarez said during the bank' shareholder meeting on Friday.
MADRID - Andorra will create a 'bad bank' to group the assets of Banca Privada d'Andorra (BPA) linked to illicit activity, it said late on Thursday, as the principality battles to rebuild the reputation of its banking system.
- Financial: UPDATE 2-Argentina suspends Citibank Argentina from capital market operations
- Technology: America Movil may not face tougher regulation without asset sale - regulator
- Healthcare: FDA rejects Adamis Pharma's injection for treating allergic reactions
- Consumer: Environmental group seeks greater protection for USDA scientists
- Energy: Baker Hughes, Halliburton shareholders approve merger
- Industrials: Lufthansa offers up to 50,000 euros per passenger in Germanwings crash
- M&A: Chevron exits Caltex Australia stake for $3.7 bln
- Bankruptcy: UPDATE 1-Puerto Rico utility closer to deal with creditors - sources
- IPOs: Asian banks to step up capital calls
- Private Capital: In losing gender bias trial, Pao's lawyers denied millions in fees
- Hedge Funds: Activist investor Bramson ramps up stake in UK fund Electra