Goldman settles SEC charges over 2013 trading incident
(Reuters) – Goldman Sachs Group Inc will pay $7 million to resolve U.S. Securities and Exchange Commission charges stemming from a programming error that caused the stock options market to be flooded with erroneous orders, roiling traders and prices.
Disney names treasurer Christine McCarthy as CFO
(Reuters) – Walt Disney Co said it named Christine McCarthy as its chief financial officer.
Puerto Rico governor calls for bankruptcy; adviser says island ‘insolvent’
NEW YORK (Reuters) – Puerto Rico’s governor on Monday called for the commonwealth to be allowed to restructure its debts under U.S. bankruptcy code, while a newly appointed adviser to the U.S. territory said it is “insolvent” and will soon run out of c…
New Volkswagen brand boss faces challenge of taming Wolfsburg’s high costs
BERLIN/FRANKFURT (Reuters) – When Herbert Diess takes over on Wednesday as head of Volkswagen’s namesake car brand, he will inherit one of the group’s biggest problems: how to slash costs at the sprawling Wolfsburg complex.
New oil bull market in sight as Brazil, Iraq cut output targets
LONDON (Reuters) – Massive downward revisions to oil output in Brazil and Iraq have increased the risks for oil markets of going from the current feast to famine within just a few years, leading to a price spike that would give a new boost to the U.S. …
Apple conspired to fix e-book prices: U.S. appeals court
NEW YORK (Reuters) – A divided federal appeals court on Tuesday upheld a judge’s ruling that Apple Inc had conspired with five publishers to increase e-book prices, in a win for the U.S. Justice Department.
GE to sell European private equity financing unit to SMBC
TOKYO (Reuters) – General Electric Co said it would sell its European private equity financing business to a unit of Japan’s Sumitomo Mitsui Banking Corp (SMBC) for about $2.2 billion as the U.S. conglomerate sheds financial assets amid a restructuring…
U.S. consumer confidence rises; manufacturing still soft
NEW YORK (Reuters) – U.S. consumer confidence increased solidly in June, with households upbeat about the labor market, supporting views the economy was back on firmer footing after wobbling at the start of the year.
U.S. seeks up to $3.35 billion in Novartis kickback lawsuit
NEW YORK (Reuters) – The United States says Novartis AG should pay as much as $3.35 billion in damages and civil fines because the Swiss drugmaker used kickbacks to boost sales of two drugs covered by Medicare and Medicaid.
Analysis: New oil bull market in sight as Brazil, Iraq cut output targets
LONDON (Reuters) – Massive downward revisions to oil output in Brazil and Iraq have increased the risks for oil markets of going from the current feast to famine within just a few years, leading to a price spike that would give a new boost to the U.S. …
