U.S. judge rejects Lehman workers’ claims on stock awards
NEW YORK (Reuters) – Former senior employees of Lehman Brothers Holdings Inc [LEHLO.UL] who once commanded seven-figure pay packages failed to persuade a federal judge to restore hundreds of millions of dollars of stock awards that become worthless aft…
Regulator orders drugmaker Valeant management to cease trading
(Reuters) – Valeant Pharmaceuticals International Inc’s directors and key officers have received a cease-trade order by the securities regulator in the Canadian province of Quebec, on the company’s request, Valeant said on Thursday.
Ford issues three recalls, including one that led to two fires
DETROIT (Reuters) – Ford Motor Co said on Thursday it will conduct three separate safety recalls including one of sport-utility vehicles with a defective engine heater that led to two fires in Canada, in which no one was injured.
Swiss watchdog’s concerns remain over $1.4 billion Kuoni bid terms
ZURICH (Reuters) – Switzerland’s takeover regulator still has concerns about some terms of Swedish private equity firm EQT’s takeover of travel group Kuoni and rejected an appeal by a major shareholder over a planned share swap associated with the deal…
Foxconn’s $3.5 billion bet to keep up with Apple
SEOUL (Reuters) – With its acquisition of Japan’s Sharp Corp , Foxconn aims to gain access to promising technology for high-end OLED screens likely to be used in future devices from Apple Inc , the electronics assembler’s biggest customer.
HK tribunal upholds action against Moody’s for report on China companies
HONG KONG (Reuters) – A Hong Kong tribunal upheld on Thursday disciplinary action against Moody’s Investor Services for a report it published on Chinese companies, in a landmark decision that could curtail the services rating agencies can offer in the …
AIG CEO says MetLife ‘too big to fail’ ruling an opportunity
(Reuters) – A judge’s ruling that MetLife Inc is not “too big to fail” opens up an opportunity for insurer American International Group Inc to seek an exemption from the tag, AIG Chief Executive Peter Hancock said on CNBC on Thursday.
Impatient with Yahoo, some investors cheer Starboard effort
BOSTON/SAN FRANCISCO (Reuters) – Activist hedge fund Starboard Value LP’s campaign to replace Yahoo Inc’s board of directors is being welcomed by some investors who have grown impatient with the faded Internet pioneer’s drawn-out process of selling its…
Decline in financial settlements with U.S. Big Pharma: report
WASHINGTON (Reuters) – The amount of money big U.S. pharmaceutical manufacturers have paid to settle charges for violating federal health care laws has declined sharply in recent years, prompting a non-profit watchdog group to call for an increase in e…
Fiat Chrysler talking with many non-core auto players: CEO
CHICAGO (Reuters) – Fiat Chrysler Automobiles (FCA) is talking with many players outside the car sector about possible collaboration, Chief Executive Sergio Marchionne said, and is keeping an open mind on what the possibilities might be.
