U.S. court denies Allergan bid to speed insider trading suit
(Reuters) – A federal judge in California on Thursday denied a request by Allergan Inc to expedite its civil suit claiming that Valeant Pharmaceuticals International Inc and Pershing Square Capital Management engaged in insider trading ahead of their b…
Citigroup facing restrictions on sales of hedge fund investments: WSJ
(Reuters) – Citigroup Inc has been sending hedge fund firms letters informing them that it cannot sell investments in hedge funds and private-equity funds to clients after a deal with the Securities and Exchange Commission, the Wall Street Journal repo…
Bank of America settles mortgage probes for $16.65 billion
WASHINGTON/NEW YORK (Reuters) – Bank of America Corp reached a record $16.65 billion settlement with the U.S. government to settle charges that it and companies it bought misled investors into buying troubled mortgage-backed securities, helping the ban…
U.S. court denies Allergan bid to speed insider trading suit
(Reuters) – A federal judge in California on Thursday denied a request by Allergan Inc to expedite its civil suit claiming that Valeant Pharmaceuticals International Inc and Pershing Square Capital Management engaged in insider trading ahead of their b…
U.S. judge calls Argentina debt swap plan ‘illegal’
NEW YORK (Reuters) – U.S. District Judge Thomas Griesa on Thursday called Argentina’s proposed debt restructuring plan “illegal” but stopped short of holding the country in contempt, saying that would not help resolve the dispute that led to the nation…
Exclusive: Chrysler’s Ram pickup may stick with steel through 2020 – sources
DETROIT (Reuters) – Chrysler Group [CHRY.UL] is planning an extensive facelift of its full-size Ram 1500 pickup in spring 2017, but has no firm plans to follow rivals General Motors and Ford Motor Co in replacing steel body panels with aluminum until a…
Gap raises forecast; to open 40 stores in India
(Reuters) – Apparel retailer Gap Inc raised its full-year profit forecast, encouraged by strong sales of its lower-priced Old Navy clothes, and said it would open 40 stores in India as part of its strategy to expand in emerging markets.
Exclusive: Lockheed, suppliers brainstorm how to lower F-35 operating costs
WASHINGTON (Reuters) – Lockheed Martin Corp met with 90 key suppliers last week to brainstorm ways to lower the long-term cost of operating and maintaining the F-35 fighter jets from the Pentagon’s current forecast of $1.02 trillion through 2065.
S&P 500 sets record close on signs of healthier economy
NEW YORK (Reuters) – U.S. stocks ended higher on Thursday, with the S&P 500 at a record after a flurry of positive economic data, as investors hoped for signs from an annual meeting of central bankers that interest-rate hikes are not imminent.
Exclusive: Ouya scores Xiaomi partnership to take games to China
SAN FRANCISCO (Reuters) – U.S video game service Ouya is turning to Asia to capture the growth that has eluded the startup on its own home turf.
