Visium’s Valvani charged with insider trading on FDA leaks
NEW YORK (Reuters) – A Manhattan hedge fund manager was charged on Wednesday with trading on confidential tips about drug approvals, in one of the biggest insider trading cases since a 2014 court ruling made it harder for U.S. prosecutors to pursue the…
Microsoft opposes U.S. labor board ruling on contract worker rights
(Reuters) – Microsoft Corp has asked a federal court to throw out a ruling by a U.S. labor board extending the responsibility of companies for contract workers, arguing that the case would have big implications for the technology company.
Media mogul Redstone says he ‘no longer trusts’ Viacom CEO
LOS ANGELES (Reuters) – Sumner Redstone said he “no longer trusts” Viacom Inc’s board or Chief Executive Philippe Dauman to act in the media company’s best interests, according to a spokesman for the 93-year-old mogul.
Brexit helped keep Fed on hold, could slow future U.S. rate rises
(Reuters) – Federal Reserve Chair Janet Yellen left U.S. interest rates unchanged on Wednesday, citing slow jobs gains, tepid growth and low inflation – and an impending vote in Britain on whether to quit the European Union.
Foreign selling of U.S. Treasuries in April was most since 1978: data
NEW YORK (Reuters) – Foreign investors sold a record amount of U.S. Treasury bonds and notes for the month of April, according to U.S. Treasury Department data on Wednesday, as investors priced in a few more rate increases by the Federal Reserve this y…
Tencent nears deal to buy majority stake in Supercell: source
(Reuters) – Tencent Holdings Ltd is nearing a deal to buy a majority stake in Finnish games maker Supercell Oy, a person familiar with the matter said, marking the latest push by China’s biggest social network and online entertainment company into the…
U.S. Judge extends VW diesel emissions settlement deadline
WASHINGTON (Reuters) – A U.S. judge late on Wednesday extended the deadline for Volkswagen AG , U.S. government regulators and owners of nearly 500,000 2.0 liter vehicles to reach a final diesel emissions settlement until June 28.
U.S. attorney in Manhattan probes Bangladesh Bank cyber heist: source
(Reuters) – The U.S. attorney’s office in Manhattan has opened an investigation of the cyber heist of $81 million from Bangladesh Bank’s account at the Federal Reserve Bank of New York, a law enforcement source said.
Fed’s Yellen acknowledges difficulty of escaping world’s low rate grip
WASHINGTON (Reuters) – Evidence that the U.S. neutral rate of interest remains stalled near zero spurred the Federal Reserve to slow its expected pace of rate hikes on Wednesday, as policymakers signaled their hands may be tied until a rebound in global demand or other forces raise that key measure of the economy’s underlying strength.
Wall Street falls as Fed holds steady and Brexit vote looms
(Reuters) – Wall Street fell for a fifth straight session on Wednesday after the Federal Reserve left interest rates unchanged and investors stewed over an impending vote in Britain on whether to leave the European Union.
