HSBC to pay $35 million to resolve yen Libor litigation in U.S.
NEW YORK (Reuters) – HSBC Holdings Plc will pay $35 million to end private U.S. antitrust litigation claiming that it harmed investors by conspiring with other banks to manipulate the yen Libor and Euroyen Tibor benchmark interest rates.
Viacom investors pay CEO’s legal bills in Redstone spat
(Reuters) – Viacom Inc disclosed on Friday it would foot the bill for embattled Chief Executive Officer Philippe Dauman’s legal fight against controlling shareholder Sumner Redstone, even as Wall Street cheers the executive’s potential departure.
U.S. ends $1.6 billion criminal case against FedEx
SAN FRANCISCO (Reuters) – The U.S. Department of Justice on Friday dismissed all criminal charges against FedEx Corp in a case where the company was accused of shipping packages from illegal online pharmacies despite repeated warnings, according to a …
U.S. investigates steering problems in 135,000 older Toyota SUVs
WASHINGTON (Reuters) – Steering and braking problems linked to two crashes and five injuries in 135,000 Toyota sport utility vehicles have prompted the opening of a federal investigation, a U.S. auto safety regulator said on Friday.
Apple says iPhones still available for sale in China
(Reuters) – Apple Inc said its iPhone 6 and 6 Plus were still available for sale in China after Beijing’s intellectual property regulators barred their sales saying the designs had infringed a patent held by a Chinese company.
To the first, the spoils: Western investors venture back to Russia
ST PETERSBURG (Reuters) – Western investors are jostling with each other for position in Russia in anticipation of the moment when sanctions imposed over the Ukraine crisis are softened and they can do lucrative business again.
Unions ratify Verizon labor contract
NEW YORK (Reuters) – Unions representing nearly 40,000 Verizon Communications Inc workers ratified a new labor deal on Friday, the company said, ending a months-long dispute that had prompted a nearly 7-week employee strike.
Exclusive: Eldridge Industries hires banks to review media holdings
(Reuters) – Eldridge Industries, the U.S. owner of TV production company Dick Clark Productions and magazines Billboard and The Hollywood Reporter, told Reuters on Friday that it had hired investment banks to carry out a review of its media holdings.
Oil jumps 4 percent as Brexit fears ease, still down on week
NEW YORK (Reuters) – Oil prices jumped about 4 percent on Friday, as a weaker dollar and less anxiety about Britain’s possible exit from the European Union encouraged investors to buy riskier assets.
GM seeks to dismiss claims for recalled vehicles’ lost value
NEW YORK (Reuters) – A lawyer for General Motors on Friday asked a U.S. judge to bar “unprecedented” claims on behalf of millions of customers who say their vehicles lost value because the GM brand was damaged by dozens of recalls, including one for a…
