Investor case over Wal-Mart bribes hangs on judge’s advice
WILMINGTON, Del. (Reuters) – Big pension funds have been fighting for years to hold Wal-Mart’s board of directors liable for covering up a purported bribery scandal in Mexico.
Nasdaq says to develop blockchain services in Estonia
NEW YORK (Reuters) – Exchange and clearing house operator Nasdaq Inc plans to develop several applications for blockchain, the technology underpinning the digital currency bitcoin, using its Estonian settling and clearing business, a senior Nasdaq exec…
UAW extends deadline for ratification of GM labor deal
(Reuters) – United Auto Workers said it extended the deadline for the ratification of a labor agreement with General Motors Co by a week to Nov. 20.
Jury finds Ernst & Young liable over investor’s Madoff losses
(Reuters) – Ernst & Young LLP was found liable on Friday by a Washington state jury for the losses of an investment firm from the collapse in 2008 of fraudster Bernard Madoff’s multibillion dollar Ponzi scheme.
Wall Street drops, posts worst week since August
(Reuters) – Wall Street fell sharply on Friday and capped off its worst week since the dark days of August, hurt by a selloff in technology companies, while department stores dropped on concerns about the upcoming holiday shopping season.
Weak retail sales suggest moderate fourth-quarter economic growth
WASHINGTON (Reuters) – U.S. retail sales rose less than expected in October amid a surprise decline in automobile purchases, suggesting a slowdown in consumer spending that could temper expectations of a strong pickup in fourth-quarter economic growth….
Nasdaq in talks to buy Chi-X Canada for about $100 million: Report
(Reuters) – Nasdaq Inc is in talks to buy the Canadian unit of alternative equities trading platform, Chi-X Global Holdings, according to a Bloomberg report that appeared on The Globe and Mail.
Pfizer-Allergan deal refocuses market on U.S. tax-inversion rules
WASHINGTON (Reuters) – Pfizer Inc’s buyout bid for Allergan Plc has financial markets on edge over a possible new move by the U.S. Treasury Department against tax-inversion deals, but the outlook for any such steps was still unclear on Friday.
Investors face quagmire of falling earnings, higher rates
NEW YORK (Reuters) – Investors may wade into unknown territory next month as the Federal Reserve readies the first rate hike in nearly a decade amid a corporate earnings recession.
Exclusive: Commodity trader Cargill restructures, cuts jobs – sources
LONDON (Reuters) – Cargill Inc [CARG.UL], one of the world’s largest privately held corporations, has launched a restructuring that includes job cuts, one company source and four industry sources said on Friday, the latest casualty of a downturn in the…
