Viacom and controlling shareholder Sumner Redstone agree on settlement: sources
NEW YORK (Reuters) – – Viacom Inc and controlling shareholder Sumner Redstone have come to an agreement on terms of a settlement that would result in the departure of Chief Executive Philippe Dauman, two sources familiar with the situation told Reuter…
Pokemon Go spurs lifestyle changes, business boom as it rolls out in Asia
JAKARTA (Reuters) – Asian fans of smartphone game Pokemon Go are hunting out the best telecom providers and network gear to overcome the hurdle posed by patchy network signals in their race to capture virtual cartoon characters.
European shares retreat, oil up as markets return to Fed-watching
LONDON (Reuters) – European shares were poised to post their biggest weekly loss in two months on Friday and crude oil edged to eight-week highs on the back of a weaker dollar and hopes of a production cut.
Goldman seeks to force ex-employee in Fed leak case to arbitrate
NEW YORK (Reuters) – Goldman Sachs Group Inc filed a lawsuit on Thursday seeking to force a former managing director to arbitrate his claim for legal fees stemming from probes into his alleged use of confidential Federal Reserve documents.
U.S. judge rejects Uber’s driver expenses settlement
SAN FRANCISCO (Reuters) – A U.S. judge on Thursday rejected an attempt by Uber Technologies Inc to settle a class action lawsuit with drivers who claimed they were employees and entitled to expenses.
U.S. extends ZTE reprieve on alleged Iran sanctions violations
HONG KONG (Reuters) – Chinese smartphone maker ZTE Corp said it has won a further reprieve to Nov. 28 on tough export restrictions that were imposed on the company by the U.S. government in March.
Short-sellers smell blood as Japan Inc wounded by accounting scandals
HONG KONG (Reuters) – Short-sellers who made their names and fortunes wiping billions off Chinese and Southeast Asian companies are setting their sights on Japan after a series of accounting scandals amplified concerns about weak corporate governance t…
Fed’s Williams says September rate hike makes sense
ANCHORAGE (Reuters) – San Francisco Federal Reserve Bank President John Williams on Thursday joined a growing chorus of his colleagues signaling support for a U.S. interest rate hike in coming months, saying that waiting too long could be costly for th…
Gap’s profit forecast misses as Banana Republic remains weak
(Reuters) – Gap Inc forecast a full-year profit below analysts’ estimates as the apparel retailer struggles to attract shoppers to its Banana Republic stores.
CFTC sues FXCM over prior capital shortfall, customer guarantees
NEW YORK (Reuters) – The U.S. Commodity Futures Trading Commission on Thursday said it filed a civil lawsuit against retail broker Forex Capital Markets LLC , saying it was under-capitalized in January, 2015, and failed to report its capital shortfall …
