Jury hears opening arguments in Morgan Stanley insider trading trial
NEW YORK (Reuters) – A lawyer for Morgan Stanley struck back sharply on Monday against an insider trading lawsuit brought by a Russian billionaire’s company, telling jurors it was “one of the craziest, most made-up cases” ever brought.
Exclusive: Valeant sends letter to doctors, seeks to reassure over pharmacy ties
NEW YORK (Reuters) – Valeant Pharmaceuticals International Inc sought to reassure doctors on Monday that the company’s decision to cut ties to a controversial specialty pharmacy would not disrupt doctors’ ability to prescribe the company’s drugs to pat…
Food safety scare knocks Chipotle shares to four-month low
LOS ANGELES (Reuters) – Chipotle Mexican Grill Inc’s shares touched their lowest level since July after the popular burrito chain said it closed 43 restaurants in the states of Washington and Oregon amid an investigation into an E. coli food poisoning …
TransCanada requests suspension of Keystone XL permit: WSJ
CALGARY, Alberta (Reuters) – TransCanada Corp on Monday requested the suspension of the U.S. permit for its Keystone XL crude oil pipeline, according to a report in the Wall Street Journal.
Ecuador-Occidental arbitration award reduced to $1 billion
QUITO (Reuters) – A World Bank tribunal reduced to about $1 billion the amount Ecuador must pay Occidental Petroleum Corp in compensation for seizing the U.S.-based company’s assets, in a decision made public on Monday.
Cuba signs deal with Sprint, says it is open for more business
HAVANA (Reuters) – Cuba signed a roaming agreement with U.S. telecom Sprint Corp during its first annual trade fair since rapprochement with the United States and told 600 companies from 70 countries at that it was eager for more business.
Porsche, more Audi models pulled into VW emissions scandal
WASHINGTON (Reuters) – Volkswagen used devices to cheat air pollution tests in diesel luxury vehicles, U.S. environmental regulators said on Monday, in a new blow to the automaker already reeling from similar allegations regarding millions of smaller d…
Wall St. climbs, led by energy, healthcare; Nasdaq 100 hits 15-year high
(Reuters) – U.S. stocks added to their recent run with gains across all sectors on Monday, led by increases in the beaten-down energy group and the acquisition-driven healthcare industry.
HP Inc shares soar, HPE’s volatile in first day of trade since split
(Reuters) – Shares of HP Inc , which houses the legacy printer and PC business, soared as much as 14.4 percent on Monday, while those of Hewlett Packard Enterprise Co , considered the faster-growing of the two, fell as much as 5.8 percent.
JPMorgan settles California debt collection charges
(Reuters) – JPMorgan Chase & Co will pay $50 million to settle charges that it engaged in abusive credit card debt collection practices against tens of thousands of people in California, state Attorney General Kamala Harris said on Monday.
