Wall Street drifts to another record in light trading
NEW YORK (Reuters) – U.S. stocks were little changed on Wednesday, with the S&P 500 creeping up to another record closing high in a lethargic session, though a number of retail stocks traded heavily after reporting results.
JPMorgan attacked by Russian computer hackers: report
(Reuters) – JPMorgan Chase & Co and at least one other bank were attacked by Russian hackers in mid-August and the FBI is investigating whether the assault was in retaliation for U.S.-government sponsored sanctions against the country, according to a report by Bloomberg News citing two unnamed sources.
Argentina wants deal with all holdout investors together
BUENOS AIRES (Reuters) – Argentina’s government on Wednesday ruled out further piecemeal debt talks with a small group of U.S. hedge funds and said the country needed to strike a deal with all bondholders which have rejected past restructuring agreemen…
PwC must face $1 billion lawsuit over MF Global advice
NEW YORK (Reuters) – A federal judge on Wednesday ordered PricewaterhouseCoopers to face a $1 billion lawsuit claiming that its bad accounting advice was a substantial cause of the October 2011 bankruptcy of MF Global Holdings Ltd, a brokerage run by f…
Tyson wins U.S. antitrust approval of Hillshire deal: U.S. Justice Department
WASHINGTON (Reuters) – Tyson Foods Inc has won U.S. antitrust approval for its purchase of Hillshire Brands Company, the Justice Department said on Wednesday.
Uber eyes aggressive expansion in Germany despite bans
FRANKFURT (Reuters) – U.S. car service Uber is planning an aggressive expansion in Germany despite a backlash from cities such as Berlin and Hamburg, which have questioned its right to operate in highly regulated markets dominated by traditional taxis….
Valeant, Ackman get October 6 trial over Allergan special meeting
WILMINGTON Del. (Reuters) – Valeant Pharmaceuticals International Inc and activist investor William Ackman got their request for an expedited trial on Wednesday over the timing of a special meeting of Allergan Inc shareholders, a key to their $50 billi…
GM to make Mexico-built Cadillac SRX crossover in Tennessee
DETROIT (Reuters) – General Motors Co will shift production of its Cadillac SRX crossover vehicle from Mexico to its plant in Spring Hill, Tennessee, where the company once built vehicles for its defunct Saturn brand, the company and the United Auto Wo…
Moscow courts back closure of three McDonald’s branches
MOSCOW (Reuters) – Russian courts on Wednesday backed the temporary closure of three McDonald’s restaurants in Moscow for breaches of sanitary rules, amid a standoff with the West over Ukraine, while the state food safety watchdog suspended work at a f…
IMF’s Lagarde put under investigation in French fraud case
PARIS (Reuters) – IMF chief Christine Lagarde has been put under formal investigation by French magistrates for alleged negligence in a political fraud affair dating from 2008 when she was finance minister.
