Former peanut company CEO sentenced to 28 years for salmonella outbreak
ALBANY, Ga. (Reuters) – The former owner of a peanut company in Georgia was sentenced to 28 years in prison on Monday for his role in a salmonella outbreak that killed nine people and sickened hundreds, a rare instance of jail time in a food contaminat…
SEC settles with two ex-Fannie Mae executives, but not ex-CEO
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission has reached a settlement with two former Fannie Mae executives in one of its biggest lawsuits tied to the financial crisis, and the two men agreed as part of the deal to cooperate with th…
SEC settles with two ex-Fannie Mae executives, but not ex-CEO
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission has reached a settlement with two former Fannie Mae executives in one of its biggest lawsuits tied to the financial crisis, but has yet to settle with former Chief Executive Daniel Mudd.
Former peanut company CEO sentenced to 28 years for salmonella outbreak
ALBANY, Ga. (Reuters) – The former owner of a peanut company in Georgia was sentenced to 28 years in prison on Monday for his role in a salmonella outbreak that killed nine people and sickened hundreds, a rare instance of jail time in a food contaminat…
Volkswagen shares plunge on emissions scandal; U.S. widens probe
BERLIN/WASHINGTON (Reuters) – Volkswagen shares plunged by nearly 20 percent on Monday after the German carmaker admitted it had rigged emissions tests of diesel-powered vehicles in the United States, and U.S. authorities said they would widen the prob…
Former AVG investors build cyber security fund to chase growth
PRAGUE (Reuters) – A group of former executives and investors from antivirus software maker AVG Technologies is raising a $125 million fund to tap into opportunities in the booming cyber security sector, a founding partner in the fund said.
After delay, Yellen faces questions over Fed message on rate hike
NEW YORK/ATLANTA (Reuters) – As the U.S. Federal Reserve’s chief communicator, Chair Janet Yellen is under building pressure among her colleagues and global investors to clarify where the world’s biggest central bank is heading and how it is making its…
U.S. lobby disappointed by slow progress towards China treaty
WASHINGTON (Reuters) – The U.S. business lobby expressed disappointment on Monday at the pace of negotiations on a bilateral investment treaty with China and said it was important that President Xi Jinping address the growing concerns of U.S. firms whe…
Drug distributor AmeriSourceBergen authorizes $2.4 billion share buyback
(Reuters) – Medicines distributor AmerisourceBergen Corp said it authorized a special $2.4 billion share repurchase programme to mitigate a possible dilution from the exercise of warrants issued to Walgreens Boots Alliance Inc in 2013.
After backlash, U.S. auditor watchdog head faces uncertain future
WASHINGTON (Reuters) – A controversy is heating up over the naming of the government’s top audit regulatory official, as the U.S. Securities and Exchange Commission considers a replacement for an incumbent who is backed by investor advocates.
