Madoff associates should get ‘significant’ time: prosecutors
NEW YORK (Reuters) – Five former employees of disgraced investment manager Bernard Madoff should be sentenced to “significant” prison sentences of up to 20 years or more, prosecutors said in a court filing on Friday.
San Francisco looks to alter chain store rules to help small businesses
SAN FRANCISCO (Reuters) – City leaders in San Francisco are looking to modify limits on chain stores and eateries put in place by a 2006 vote of residents, as officials express concern some small businesses the measure was meant to protect are being un…
Wall Street Week Ahead: One volatile day does not a correction make
NEW YORK (Reuters) – Volatility spiked on Thursday after the tragedy of a downed civilian jetliner in Ukraine and the mounting death toll in Gaza and Israel interrupted the summer trading slumber.
U.S. drugmaker AbbVie finally wins Dublin’s Shire with $55 billion deal
LONDON (Reuters) – U.S. drugmaker AbbVie Inc bought Dublin-based Shire Plc on Friday in a 32 billion pound ($54.7 billion) deal that will allow it to slash its tax bill by relocating to Britain.
GM admits more problems with mislabeling of ignition switch parts
DETROIT (Reuters) – General Motors Co in 2003 and 2004 made changes to redesigned ignition switch parts on four models but did not ensure that older, potentially faulty parts were taken out of circulation, the automaker said in a filing with U.S. safet…
Amazon starts Netflix-style book service amid publisher spat
NEW YORK (Reuters) – Amazon.com Inc launched a $9.99-per-month subscription service on Friday that lets customers read as much as they choose from its library of more than 600,000 digital books.
Wall St. rebounds from selloff; indexes up for the week
NEW YORK (Reuters) – U.S. stocks rose on Friday, rebounding a day after the S&P 500 suffered its worst slide since April 10, with the three major indexes closing higher for the week.
U.S. drugmaker AbbVie finally wins Dublin’s Shire with $55 billion deal
LONDON (Reuters) – U.S. drugmaker AbbVie Inc bought Dublin-based Shire Plc on Friday in a 32 billion pound ($54.7 billion) deal that will allow it to slash its tax bill by relocating to Britain.
Deal could pave way for NYC launch of ride-sharing service Lyft
NEW YORK (Reuters) – Lyft Inc has reached an agreement with New York authorities that could enable the ride-sharing service to launch in New York City.
U.S. judge OKs warrant for Google user’s emails, stoking debate
NEW YORK (Reuters) – A federal judge in New York has granted prosecutors access to a Gmail user’s emails as part of a criminal probe, a decision that could fan the debate over how aggressively the government may pursue data if doing so may invade peopl…
