Ex-Madoff accountant expected to plead guilty
NEW YORK (Reuters) – Bernard Madoff’s former accountant is expected to plead guilty to charges in connection with the convicted swindler’s massive Ponzi scheme, a U.S. prosecutor said at a Tuesday court hearing.
France tells GE and Siemens: Alstom proposals still not good enough
PARIS (Reuters) – The French government raised the stakes in the battle for engineering group Alstom on Tuesday, telling rival suitors General Electric and Siemens to come up with better offers.
Yellen, future tightening in spotlight as Fed meets
(Reuters) – The U.S. Federal Reserve is widely expected to chop another $10 billion from its monthly bond purchases at a meeting on Tuesday and Wednesday but make few, if any, other concrete policy moves.
Ex-Goldman director goes to prison, still owes $13.9 million fine
NEW YORK (Reuters) – Former Goldman Sachs Group Inc director Rajat Gupta on Tuesday began serving his two-year prison term for insider trading, and lost his challenge to a $13.9 million civil penalty and permanent ban from acting as a public company of…
Valeant goes hostile, to launch Allergan exchange offer this week
(Reuters) – Valeant Pharmaceuticals Inc said on Tuesday it will launch an exchange offer for Allergan Inc this week, allowing it to eventually take the unsolicited bid directly to shareholders.
U.S. consumer prices show inflation ticking up
WASHINGTON, (Reuters) – U.S. consumer prices recorded their largest increase in more than a year in May as costs for a range of goods and services rose, likely easing the Federal Reserve’s concerns that inflation was running too low.
U.S. economic growth sustainable, rates to rise in third quarter 2015
WASHINGTON (Reuters) – The U.S. economy is on a self-sustaining growth path that should allow the Federal Reserve to start raising interest rates in the second half of 2015, according to a Reuters survey of economists.
BoAML underwrites Medtronic’s $16.3 billion bridge loan
LONDON (Reuters) – U.S. medical device maker Medtronic Inc is raising a $16.3 billion senior unsecured bridge loan to finance its $42.9 billion acquisition of Dublin-based Covidien Plc , banking sources said on Tuesday.
Bank of America, JPMorgan stay top in 2014 Extel awards
LONDON (Reuters) – Bank of America Merrill Lynch was named top pan-European equity brokerage for a second straight year at the annual Thomson Reuters Extel Awards on Tuesday, while JPMorgan Asset Management won best fund manager for the fifth year in a…
U.S. banks seen falling short of new debt funding rule
WASHINGTON (Reuters) – Wells Fargo, State Street and JPMorgan Chase & Co are below or almost at minimum capital thresholds expected to be included in a rule still being hammered out by U.S. regulators that’s meant to mitigate taxpayer losses in another financial crisis, according to a Reuters analysis.
