Ex-Autonomy CFO indicted in U.S., accused of deceiving HP
(Reuters) – The former chief financial officer of British software company Autonomy has been indicted on U.S. charges of engaging in a fraudulent scheme to deceive investors and Hewlett Packard about his firm’s performance before its sale in 2011.
Dow chalks up best week in five years, closes at record high
(Reuters) – The Dow Jones industrial average ended at a record closing high on Friday, capping off its best week since 2011 after Donald Trump’s unexpected victory in the U.S. presidential election.
IMF board approves Egypt’s $12 billion loan agreement, $2.75 billion disbursed
CAIRO/WASHINGTON (Reuters) – Egypt won International Monetary Fund approval on Friday for a three-year, $12 billion bailout program aimed at reviving a struggling economy, bringing down public debt and controlling inflation while seeking to protect the…
Berkshire sets record as Trump boosts prospects, Buffett’s wealth
(Reuters) – Berkshire Hathaway Inc shares posted one of their best weeks in years, soaring 9.5 percent and touching a record high, even though Chairman Warren Buffett’s choice for the White House, Hillary Clinton, was defeated by Donald Trump.
Twitter impresses advertisers with BuzzFeed U.S. election livestream
(Reuters) – Twitter Inc said it was able to deliver more viewers than promised to advertisers on a U.S. election night livestream, good news for the microblogging site as it tries to ward off growing competition for ad dollars from Snapchat and Instag…
U.S. FTC probing whether VW intentionally destroyed documents
WASHINGTON (Reuters) – The U.S. Federal Trade Commission wants a federal judge to allow the agency to take additional testimony from Volkswagen AG’s U.S. unit over allegations the German automaker intentionally destroyed documents last year over its …
Facebook to stop ethnicity-based targeting for some ads
(Reuters) – Facebook Inc said on Friday it would no longer allow certain advertisers to exclude racial or ethnic groups when placing ads on its service, following criticism that the practice was discriminatory.
Trump may already have a plan ready to revamp Dodd-Frank
WASHINGTON (Reuters) – When Jeb Hensarling, the Republican chair of the U.S. House Financial Services Committee, released legislation this summer to weaken the major financial law known as Dodd-Frank, many said it was a prêt-a-porter plan that his party’s nominee, Donald Trump, could easily adopt.
Buffett breaks silence on Wells Fargo bogus account scandal
(Reuters) – Wells Fargo & Co made a “terrible mistake” by keeping in place sales goals that “corrupted people”, billionaire investor Warren Buffett told CNN in an interview, in his first public comment on the bogus account scandal at the bank.
Peru says TPP can be replaced with new trade deal, sans U.S.
LIMA (Reuters) – Peru President Pedro Pablo Kuczynski told Russian media that Pacific-rim countries can forge a new trade deal that includes China to replace the U.S.-led TPP that U.S. President-elect Donald Trump has vowed to scrap.
