DoJ seeks felony pleas by big banks in foreign currency inquiry: NYT
(Reuters) – The U.S. Department of Justice is pushing some big banks to plead guilty to criminal charges that they manipulated the prices of foreign currencies, the New York Times reported, citing lawyers briefed on the matter.
UBS shares drop after warning over impact of rise in Swiss franc
ZURICH (Reuters) – UBS Group AG has warned over the impact of the surging Swiss franc and negative interest rates in Switzerland and the eurozone, sending its shares down more than 3 percent in early trade.
Dalian Wanda to buy Swiss sports firm for $1.2 billion amid entertainment push
BEIJING (Reuters) – China’s Dalian Wanda Group Co signed a 1.05 billion euros ($1.2 billion) deal to buy Swiss sports marketing firm Infront Sports & Media AG, and said it plans to acquire more overseas companies this year to deepen its push into sports and entertainment.
Exclusive: GM’s Barra faces roadblocks in rebuilding Cadillac brand
DETROIT (Reuters) – General Motors Co Chief Executive Mary Barra’s strategy of rebuilding the Cadillac brand has run into twin roadblocks: the carmaker can’t persuade enough American sedan buyers to switch from foreign competitors such as BMW or Merced…
Qualcomm to pay $975 million to resolve China antitrust dispute
SAN FRANCISCO/BEIJING (Reuters) – Qualcomm Inc has agreed to pay a fine of $975 million, the largest in China’s corporate history, ending a 14-month government investigation into anti-competitive practices.
Euro zone, Greece face off as markets take fright
ATHENS/ISTANBUL (Reuters) – Greece and its euro zone partners engaged in brinkmanship on Monday, with leftist Prime Minister Alexis Tsipras insisting his country would not extend its reform-linked bailout and Germany saying it would get no more money w…
Microsoft, Samsung settle contract dispute over patents
SAN FRANCISCO (Reuters) – Microsoft and Samsung Electronics Co Ltd have settled a contract dispute over patent royalties, though terms of the settlement are confidential, Microsoft said in a statement on Monday.
Qualcomm to pay $975 million to resolve China antitrust dispute
SAN FRANCISCO/BEIJING (Reuters) – Qualcomm Inc has agreed to pay China a fine of $975 million, the largest in the country’s corporate history, ending a 14-month government investigation into anti-competitive practices.
HSBC admits Swiss bank failings over client taxes
(Reuters) – British bank HSBC Holdings Plc admitted failings by its Swiss subsidiary in response to media reports it helped wealthy customers dodge taxes and conceal millions of dollars of assets.
Pfizer in $5 billion accelerated buyback deal with Goldman, Sachs & Co
(Reuters) – Drugmaker Pfizer Inc said it entered into an agreement with Goldman, Sachs & Co to buy back $5 billion of its stock.
