Total fined by French court in Iraq oil-for-food case
PARIS (Reuters) – A Paris court fined Total 750,000 euros ($825,000) on Friday for corrupting foreign officials, overturning an earlier acquittal over the French oil giant’s role in the United Nations’ Iraqi oil-for-food program.
Exclusive: Boeing plans layoffs for airplane engineers
NEW YORK (Reuters) – Boeing Co said on Friday that it is considering layoffs of airplane engineers, a plan that it said may cause it to reorganize or consolidate its engineering teams, according to an internal memo seen by Reuters.
Dow settlement signals impact of Scalia death on class actions
WASHINGTON (Reuters) – Dow Chemical Co’s agreement to pay $835 million to settle a price-fixing dispute provides evidence that Justice Antonin Scalia’s death is a blow to businesses that have had success recently in challenging class action cases at th…
United Tech rejects Honeywell’s $90.7 billion offer
(Reuters) – U.S. industrial conglomerate United Technologies on Friday rejected a $90.7 billion offer by rival aerospace supplier Honeywell International Inc, saying that pursuing a merger would be “irresponsible” toward its shareholders.
Australian minister surprised by Holden closure
SYDNEY (Reuters) – An Australian minister has vowed to “get to the bottom” of a dropped takeover plan for a Holden car assembly plant in Adelaide that would have kept the factory open.
Blackstone CEO took home $810.6 million in 2015
NEW YORK (Reuters) – Blackstone Group LP Chief Executive Stephen Schwarzman took home $810.6 million in 2015, after the New York-based asset manager returned a record amount of cash to its shareholders following a wave of lucrative asset sales.
U.S. authorities question Citigroup about transactions in FIFA corruption probe
NEW YORK (Reuters) – Citigroup Inc said it has received questions from U.S. federal authorities investigating the role of financial institutions in alleged corruption and money laundering involving FIFA.
Wall Street ends lower in feeble end to strong week
(Reuters) – Wall Street ended lower on Friday in a feeble end to another week of strong gains after concerns about the timing of future interest rate hikes offset gains in materials and energy stocks.
Apple CEO Tim Cook commits to annual dividend raise
(Reuters) – Chief Executive Tim Cook said on Friday Apple Inc is committed to raising its dividend annually, a move designed to please investors but also a sign the world’s most famous technology company may no longer be a growth stock.
Samsung wins appeal in patent dispute with Apple
(Reuters) – A U.S. appeals court on Friday overturned a $120 million jury verdict against Samsung, finally handing the South Korean smartphone maker a significant win in its longstanding patent feud with top rival Apple.
