Russian Deputy PM says no plans to ban McDonald’s: Itar-Tass
MOSCOW (Reuters) – Russian authorities are not planning to close the McDonald’s chain in the country, Deputy Prime Minister Arkady Dvorkovich was quoted saying on Saturday, after inspectors visited a number of restaurants run by the fast-food company.
French economy minister says austerity measures sapping growth
PARIS (Reuters) – Austerity measures being pursued by France and elsewhere in the euro zone are quashing growth, French Economy Minister Arnaud Montebourg was quoted saying on Saturday, renewing his attacks on policies he sees as negative for the econo…
Ackman, other shareholders ask Allergan to call special meeting
BOSTON/NEW YORK (Reuters) – Investors owning 31 percent of shares of Allergan Inc have asked the company to call a special shareholder meeting, activist shareholder William Ackman said on Friday, giving the hedge fund manager a victory in his fight to …
Market leaders seen taking S&P 500 to 2,000
NEW YORK (Reuters) – U.S. stocks have been on a roll of late, with the S&P 500 hitting the latest in a series of records on Thursday, and investors expect the index’s momentum to soon carry it to – if not far past – the 2,000 milestone.
Cargill sues former employee for breach of contract
(Reuters) – Global commodities trader Cargill Inc [CARG.UL] has sued a former employee, accusing him of stealing trade secrets before he joined rival JBS SA.
Amazon developing own online advertising software: WSJ
(Reuters) – Amazon Inc is planning to develop its own software for placing advertisements online, The Wall Street Journal reported, citing people with knowledge of the matter.
Ackman, other shareholders ask Allergan to call special meeting
BOSTON/NEW YORK (Reuters) – Investors owning 31 percent of shares of Allergan Inc have asked the company to call a special shareholder meeting, activist shareholder William Ackman said on Friday, giving the hedge fund manager a victory in his fight to …
HSBC is sued in U.S. for $250 million over alleged role in ‘death bonds’
NEW YORK (Reuters) – HSBC Holdings Plc was sued for $250 million on Friday for allegedly ignoring red flags that a colorful British entrepreneur, the late David Elias, was committing fraud through an investment vehicle he controlled.
Goldman Sachs, U.S. agency in mortgage settlement worth $1.2 billion
(Reuters) – Goldman Sachs Group Inc has agreed to a settlement worth $1.2 billion to resolve a U.S. regulator’s claims the bank sold Fannie Mae and Freddie Mac faulty mortgage bonds, the regulator announced Friday.
Wylys’ lawyer warns SEC’s $729 million claim would bankrupt them
NEW YORK (Reuters) – A lawyer for Texas tycoon Sam Wyly and his late brother Charles’ estate told a federal judge on Friday that a U.S. securities regulator’s demand for $729 million in damages for a fraudulent offshore scheme would “bankrupt” them.
