Developer of Trump Tower in Toronto faces class action lawsuit
TORONTO (Reuters) – A class-action lawsuit seeking the return of deposits has been launched against the developer of a downtown Toronto hotel bearing the name of U.S. President Donald Trump, the lawyer who won an earlier test case for disgruntled inves…
U.S. regulators reject Bitcoin ETF, digital currency plunges
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission on Friday denied a request to list what would have been the first U.S. exchange-traded fund built to track bitcoin, the digital currency.
Caterpillar says compliant with tax laws after IRS claim
(Reuters) – Caterpillar Inc said on Friday it was compliant with tax laws, a week after federal law enforcement officials raided three of the company’s buildings in connection with a probe into the heavy machinery manufacturer’s offshore tax practices…
U.S. extends leniency program for companies that disclose bribery
MIAMI (Reuters) – The U.S. Justice Department will extend a program that offers companies leniency if they voluntarily tell authorities when employees may have paid bribes, a senior official said on Friday.
Corzine points to PwC role ahead of MF Global collapse
NEW YORK (Reuters) – Former New Jersey Governor Jon Corzine on Friday resisted accepting blame for the October 2011 collapse of his brokerage MF Global Holdings Ltd [MGHL.UL], repeatedly stressing his reliance on judgments by the auditor Pricewaterhous…
Mattel reworks China strategy amid elusive growth
(Reuters) – Mattel Inc is doubling down to corner a bigger share of China’s fragmented yet lucrative toy market, but the success of its efforts hinges on its ability to navigate strict regulation and adapt to local preferences.
Wanda’s $1 billion deal to buy Hollywood’s Dick Clark scrapped
(Reuters) – Eldridge Industries, the U.S. owner of Dick Clark Productions Inc, said on Friday that one of its affiliates terminated an agreement to sell off the TV production company to Chinese conglomerate Dalian Wanda Group.
Mitsubishi likely to share pickups with Nissan: COO
GENEVA (Reuters) – Mitsubishi Motors and its new parent Nissan are studying joint production of pickup trucks in Southeast Asia as they look for savings within the broader Renault-Nissan alliance, a senior executive told Reuters.
U.S. auto recalls hit record high 53.2 million in 2016
WASHINGTON (Reuters) – The U.S. Transportation Department said automakers recalled a record high 53.2 million vehicles in 2016 in the United States in part because of a massive expansion in callback to replace Takata Corp air bag inflators.
Ford names tech executive Lynn Vojvodich to board
(Reuters) – U.S. automaker Ford Motor Co said on Friday it had elected former Salesforce.com Inc executive Lynn Vojvodich to its board of directors.
