Former drug company CEO charged in $100 million fraud scheme in U.S
WASHINGTON (Reuters) – The former CEO of drug company Inyx Inc has been charged in connection with a fraud scheme that caused more than $100 million in losses and led to the collapse of one of Puerto Rico’s largest banks, the U.S. Justice Department sa…
Betting on the U.S. election via the ‘Trump ETF’
NEW YORK (Reuters) – An exchange-traded fund focused on Mexico has become a weather vane for Republican Donald Trump’s chances winning the U.S. presidential election in November, investors said.
GlaxoSmithKline to pay $20 million to settle foreign bribery related charges
WASHINGTON (Reuters) – GlaxoSmithKline will pay $20 million to settle civil charges that it masked improper bribes to foreign officials in China on its books by disguising them as legitimate travel, entertainment and marketing expenses, U.S. regulator…
OPEC oil output hits record on Iraq, Libya boost: Reuters survey
LONDON (Reuters) – OPEC’s oil output is likely to reach its highest in recent history in September, a Reuters survey found on Friday, as Iraq boosted northern exports and Libya reopened some of its main oil terminals.
Arca says Coke’s United no longer part of possible U.S. bottling deal
MEXICO CITY (Reuters) – Mexican bottling company Arca Continental said on Friday that Coca-Cola Bottling Company United will not longer form part of a previously announced intention to sign a deal to operate the Coca-Cola bottling franchise in parts o…
Anthem judge considering splitting merger trial into two sections
WASHINGTON (Reuters) – The judge who will rule on whether the government may stop health insurer Anthem from buying competitor Cigna said Friday that she was considering splitting the trial into phases.
Deutsche lifted by CEO letter, settlement report
FRANKFURT/LONDON (Reuters) – A report that Deutsche Bank was close to a cut-price settlement with U.S. authorities over the sale of toxic mortgage bonds helped to fuel a recovery in its shares on Friday after its chief executive said the group remaine…
BMW says it plans to offer electric X3 SUV and Mini models
(Reuters) – German luxury auto maker BMW AG said Friday it will offer all electric versions of its next generation BMW X3 compact sport utility vehicle and electric Mini models, expanding its entries in the emerging electric luxury vehicle market.
Qualcomm to fight EU antitrust charge at November 10 hearing: sources
BRUSSELS (Reuters) – U.S. chipmaker Qualcomm will attempt to fend off EU antitrust charges at a hearing on Nov. 10 that it used anti-competitive methods to squeeze out a rival, two people familiar with the matter said on Friday.
Costco should pay $5.5 million for selling fake Tiffany rings: U.S. jury
NEW YORK (Reuters) – Costco Wholesale Corp should hand over $5.5 million to compensate Tiffany & Co for selling counterfeit Tiffany diamond engagement rings, a federal jury said on Thursday.
