DHL expanding U.S. helicopter delivery, sales force
NEW YORK (Reuters) – DHL Express plans to start delivering documents and other items by helicopter in Chicago and Charlotte, North Carolina, this year, buoyed by the service’s success in other cities, the new head of the company’s U.S. unit said on Thu…
U.S. seeks $10 billion penalty from BNP over sanctions probe: WSJ
(Reuters) – The U.S. Justice Department is pushing BNP Paribas SA to pay more than $10 billion to resolve a criminal probe into allegations that the French bank evaded U.S. sanctions against Iran and other countries for years, the Wall Street Journal r…
Banks deny KKR buyout loan amid regulatory crackdown
By Lauren Tara LaCapra, Greg Roumeliotis and Michelle Sierra
Defense attorney at NY insider trading trial faults SEC witness
NEW YORK (Reuters) – A lawyer for a New York fund manager sued for insider trading urged jurors on Thursday to disregard the recollections of a key witness for the U.S. Securities and Exchange Commission, saying his memory of a phone call with his clie…
Novartis must face U.S. government lawsuit alleging drug kickbacks
NEW YORK (Reuters) – A federal judge on Thursday refused to dismiss a U.S. government lawsuit accusing Novartis AG of civil fraud for having conducted two illegal kickback schemes to boost sales of drugs covered by Medicare and Medicaid.
U.S. probing 15 banks, payment processors for fraud
WASHINGTON (Reuters) – U.S. prosecutors have opened criminal and civil probes into at least 15 banks and payment processors as part of a wide-ranging consumer fraud investigation, according to documents released on Thursday by a congressional committee…
S&P 500 sets another record closing high on growth bets
NEW YORK (Reuters) – The S&P 500 index climbed to its third record closing high in four sessions on Thursday as traders shrugged off data that showed the economy shrank in the first quarter and bet on improvement in the second quarter.
Tyson offers $6.3 billion for Hillshire, eclipsing Pilgrim’s bid
(Reuters) – Tyson Foods Inc has offered to buy Hillshire Brands Co for $6.3 billion, upstaging Pilgrim’s Pride Corp ‘s offer for the sausage company earlier in the week, in a deal that would broaden Tyson’s supermarket food offerings.
U.S. economy stumbles in first-quarter, but prospects brighter
WASHINGTON (Reuters) – The U.S. economy contracted for the first time in three years in the first quarter as it buckled under a severe winter, but there are signs it has rebounded and economists say it could grow as much as 4 percent in the current qua…
Deutsche Telekom willing to keep stake in T-Mobile-Sprint tie-up
BANGALORE/FRANKFURT, May 29, (Reuters) – Germany’s Deutsche Telekom AG is willing to keep a minority stake in a deal to sell T-Mobile US Inc to Japan’s Softbank Corp, but other details such as price and financing remain to be worked out, according to sources familiar with the situation.
