UBS says European court accepts French tax case petition
ZURICH (Reuters) – Swiss bank UBS said on Friday that the European Court of Human Rights (ECHR) had accepted its petition to challenge French court rulings in a case over whether it helped clients avoid tax.
HSBC says it has begun search for new chairman
LONDON (Reuters) – HSBC has begun the search for a successor to its Chairman Douglas Flint and will aim to nominate a candidate in 2017, Europe’s biggest bank said on Friday.
Sweden’s ‘Warren Buffett’ eyes bigger investment crown
STOCKHOLM (Reuters) – In a country where family-run business spheres dominate the landscape, Fredrik Lundberg, often referred to as Sweden’s Warren Buffett, is tackling bigger rivals on several fronts.
Go easy on deals, investors tell new Rio Tinto boss
MELBOURNE/SYDNEY (Reuters) – Top investors in Rio Tinto say they want the global miner’s new boss to proceed cautiously on acquisitions, focusing on the core, cash-generating iron ore business and on developing his own copper mines before looking for n…
Toshiba: conducting stress test for nuclear business this quarter
TOKYO (Reuters) – Japan’s Toshiba Corp said it is currently conducting a stress test on its nuclear business to assess whether it will require a writedown.
JPMorgan increases stock buyback program by up to $1.88 billion
(Reuters) – JPMorgan Chase & Co, the biggest U.S. bank by assets, said it will repurchase up to $1.88 billion in common shares through the end of the second quarter.
Viacom receives interest for Paramount minority stake: WSJ
(Reuters) – Viacom Inc has received interest from three dozen companies for a minority stake in its Paramount Pictures studio, Chief Executive Philippe Dauman said in an interview with the Wall Street Journal.
Blackstone nears deal to buy HP Enterprise stake in India’s MphasiS: sources
MUMBAI (Reuters) – Blackstone Group LP is nearing a deal to acquire Hewlett Packard Enterprise’s (HPE) controlling stake worth about $940 million in Indian IT outsourcing services provider MphasiS Ltd , according to three sources directly involved in t…
Dow closes positive for year as commodities rally, dollar dives
NEW YORK (Reuters) – Wall St moved higher on Thursday, pushing the Dow Jones industrial average into positive territory for the year, as commodity prices rose on the back of a weaker U.S. dollar to boost shares in the energy and materials sectors.
Exclusive: DOJ probes allegations that Tiversa lied to FTC about data breaches
WASHINGTON (Reuters) – Federal agents are investigating whether cyber-security firm Tiversa gave the government falsified information about data breaches at companies that declined to purchase its data protection services, according to three people wit…
