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P&G appoints Peltz to board despite losing proxy battle

Procter & Gamble Co said it appointed Nelson Peltz to its board despite the activist investor narrowly losing a months-long proxy fight, the biggest ever involving a U.S. company.

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Uber should have given court an ex-employee's letter about 'fraud and theft' in Waymo case

SAN FRANCISCO Ride hailing company Uber was obligated to turn over to a U.S. federal judge a letter from a former employee that told of the company's "fraud and theft" and mentioned evidence of stolen trade secrets nailed "like a scalp" to the wall, a court official said Friday.

Tech, Cybersecurity Dec 15 2017

Bitcoin hits new record high as warnings grow louder

LONDON Bitcoin blasted to another all-time high of almost $18,000 on the Bitstamp exchange on Friday, up 9 percent on the day, as warnings grew over the risks of investing in the highly volatile and speculative instrument. | Video

Dec 15 2017

Metlife says it failed to pay some pensions, flags hit to reserves

NEW YORK Metlife Inc failed to pay pensions to potentially tens of thousands of people and will have to strengthen its reserves because of the costs of finding and repaying them, the New York insurer said. Metlife said in a filing on Friday that it believed the group missing out on the payments represented less than 5 percent of about 600,000 people who receive benefits from the company via its retirement business. Those affected generally have average benefits of le

9:36am EST

Leading U.S. antitrust senator urges hearing on Disney, Fox deal

WASHINGTON Senator Amy Klobuchar, the top Democrat on the Senate antitrust panel, urged the subcommittee on Friday to hold a hearing on Walt Disney Co's plan to buy a number of Twenty-First Century Fox Inc businesses.

Dec 15 2017

Wall Street rally sets the stage for big IPO year in 2018

A relentless bull-run in U.S. stock indexes this year has set the stage for a strong IPO market in 2018, with several multi-billion dollar firms including Airbnb and Spotify widely expected to grab headlines with their offerings.

Dec 15 2017

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