U.S. SEC to pay $30 million-plus in largest whistleblower award
WASHINGTON (Reuters) – An anonymous tipster living abroad will be receiving more than $30 million, in the largest whistleblower award ever doled out by U.S. securities regulators as part of a program that aims to incentivize insiders to report wrongdoi…
N.Y. financial regulator says to focus on cyber security
NEW YORK (Reuters) – New York’s financial regulator said on Monday his agency will focus on cyber security over the next year, saying the possibility of a systemic attack to the financial system is one thing that keeps him awake at night.
Starbucks testing stout beer-flavored ‘dark barrel latte’
(Reuters) – Dark beer lovers take note. Starbucks Corp is testing a “dark barrel latte” in a handful of its cafes in Ohio and Florida.
U.S. existing home sales fall, investors pulling back
WASHINGTON (Reuters) – U.S. home resales unexpectedly fell in August as investors stepped away from the market, but the decline probably does not signal renewed weakness.
Siemens splurges $7.6 billion on Dresser-Rand in U.S. shale market bet
FRANKFURT (Reuters) – Germany’s Siemens AG has agreed to buy U.S. oilfield equipment maker Dresser-Rand Group Inc for $7.6 billion in cash, paying a relatively rich price to belatedly beef up its presence in the U.S. shale oil and gas industry.
Boeing exec says will only hike jet output if sustainable
ISTANBUL (Reuters) – Boeing sees strong demand for its 737-family jets over and above its existing plans to increase production by 12 percent by 2017 but would only revise up its goals if they can be sustained, a senior executive said on Monday.
Deaths linked to GM ignition-switch defect rise to 21
(Reuters) – The number of deaths linked to a faulty ignition switch in General Motors Co vehicles rose by two last week to 21, according to a report Monday from a lawyer overseeing a program to compensate victims of accidents caused by the recalled par…
Germany’s Merck to buy Sigma-Aldrich for $17 billion to boost lab supplies operation
FRANKFURT (Reuters) – Drugs and chemicals maker Merck KGaA agreed on Monday to acquire U.S.-based Sigma-Aldrich Corp for $17 billion in cash to boost its lab supplies business, the biggest takeover in the German group’s history.
Alibaba IPO ranks as world’s biggest after additional shares sold
HONG KONG (Reuters) – Alibaba’s initial public offering now ranks as the world’s biggest at $25 billion, netting underwriters of the sale a more than $300 million windfall after the e-commerce giant and some shareholders parted with additional shares.
Tesco cuts profit outlook again and suspends staff after accounting error
LONDON (Reuters) – Tesco cut its profit forecast for the third time in two months and suspended its UK boss with three other executives after finding a major fault in its accounts – another blow to the reputation of the world’s No. 3 retailer.
