Indonesia to hold court hearing into Goldman Sachs’s billion-dollar dispute with tycoon
JAKARTA (Reuters) – Indonesia will hold a court hearing on Tuesday into a billion-dollar dispute between Goldman Sachs and a local tycoon, who says the Wall Street giant’s unit unlawfully sold shares he owned, in the latest test for the country’s lega…
U.S. tech titans lead legal brief against Trump travel ban
(Reuters) – More than 100 companies, including most of high-tech’s biggest names, joined a legal brief opposing President Donald Trump’s temporary travel ban, arguing that it would give companies strong incentives to move jobs outside the United States…
CalPERS staff says fund should not divest from Dakota Access
SAN FRANCISCO (Reuters) – California Public Employees’ Retirement System should maintain its investments in the controversial Dakota Access oil pipeline project in order to exert influence over the companies involved, staff for the largest U.S. public …
U.S. government agency sued over sale of ‘certified’ used cars
WASHINGTON (Reuters) – The Center for Auto Safety and five other groups filed a lawsuit against the Federal Trade Commission (FTC) on Monday for allowing used cars to be advertised as “certified” or safe despite being the target of an outstanding safet…
Icahn to sell closed Trump Taj Mahal casino in Atlantic City
NEW YORK (Reuters) – Billionaire activist investor Carl Icahn said on Monday he planned to sell his shuttered Trump Taj Mahal casino in Atlantic City, New Jersey, likely bringing an end to his troubled relationship with the city.
Wall Street slips as energy shares, oil prices drop
(Reuters) – U.S. stocks slipped on Monday, led by the energy sector as oil prices dropped, while investors awaited the next run of major earnings reports and sought further clarity on President Donald Trump’s economic policies.
Twenty-First Century Fox profit tops estimates, revenue misses
(Reuters) – Twenty-First Century Fox Inc reported a quarterly profit that beat analysts’ expectations, as its television and cable units benefited from hosting the World Series and its cable news channel enjoyed strong ratings during the U.S. preside…
Tyson reveals subpoena linked to alleged price fixing
(Reuters) – Tyson Foods Inc disclosed on Monday it has received a subpoena from the U.S. Securities and Exchange Commission following allegations it conspired with rivals for years to fix chicken prices.
Marcato nominates four directors in Buffalo Wild Wings fight
(Reuters) – Activist hedge fund manager Mick McGuire nominated four directors to serve on the board of Buffalo Wild Wings Inc , officially launching a proxy fight against the U.S. restaurant chain.
Pimco Total Return Fund posts January cash withdrawals of $1.6 billion
NEW YORK (Reuters) – Investors pulled $1.6 billion from the Pimco Total Return Fund in January, leaving assets under management of $75 billion, Morningstar data showed on Monday.
