Rajaratnam’s brother loses bid to dismiss insider trading charges
NEW YORK (Reuters) – Rengan Rajaratnam, the younger brother of imprisoned hedge fund manager Raj Rajaratnam, on Friday lost a bid to dismiss some of the insider trading charges leveled against him last year.
Exclusive: Biogen prices hemophilia drug on par with older therapies
(Reuters) – Biogen Idec Inc is pricing its newly approved long-acting hemophilia drug, Alprolix, to cost U.S. patients, and insurers, about the same per year as older, less convenient therapies whose price can reach about $300,000 annually.
Brazilian tycoon Batista investigated for financial crimes: reports
RIO DE JANEIRO (Reuters) – Brazil´s federal police have opened an investigation into former billionaire Eike Batista for financial crimes, including insider trading, manipulation of markets and money laundering, Brazilian media reported on Friday.
Amazon’s tax-free European profits drop after IRS clamp-down
LONDON (Reuters) – The amount of money Amazon.com Inc reports through a tax-exempt vehicle in Europe has dropped sharply in the past two years, even as European sales jumped, after the U.S. tax authority tightened rules it felt were being abused to shi…
Auto airbag maker Continental named in GM recall suit
(Reuters) – Plaintiffs’ lawyers are seeking to draw Continental Automotive Systems U.S., the maker of airbag systems in recalled General Motors Co vehicles, into litigation over an ignition-switch defect that has been linked to 13 deaths.
Lululemon yoga pants lawsuits in U.S. win final dismissals
NEW YORK (Reuters) – A U.S. judge has issued final dismissals of lawsuits accusing Lululemon Athletica Inc and various company officials of defrauding shareholders by concealing defects in yoga pants.
Monte Paschi approves plan to increase cash call to 5 billion euros
MILAN (Reuters) – The board of Italian bank Monte dei Paschi di Siena on Friday approved a proposal to boost the size of a share sale it is planning to 5 billion euros ($6.9 billion) to help cover any gaps a Europe-wide bank check might find in its fin…
Audi expects to sell half million cars in China this year
BEIJING (Reuters) – Volkswagen’s luxury division Audi plans to sell about half a million cars this year in China, the world’s biggest auto market, and raise the number of its Chinese dealers to 500 by 2017.
GM could benefit, too, from an ignition-switch victims fund
(Reuters) – If General Motors Co creates a fund to compensate victims of its faulty ignition switches, an option that a top legal adviser suggested it is exploring, the company could give up strong defenses to a wave of lawsuits. But it could stand to …
Compensation battle rages four years after BP’s U.S. oil spill
(Reuters) – Four years after the Deepwater Horizon spill, oil is still washing up on the long sandy beaches of Grand Isle, Louisiana, and some islanders are fed up with hearing from BP that the crisis is over.
