Brazil’s Batista faces insider trading probes
RIO DE JANEIRO (Reuters) – Eike Batista, who was Brazil’s richest man for most of the past decade, is under investigation by securities industry watchdog CVM for allegedly engaging in insider trading while he chaired his now-bankrupt oil-producing and …
British investors demand banks stick to lockups on share sales
LONDON (Reuters) – British investors have called upon investment banks to stick closer to lock-up agreements on sales of company shares after a major transaction, saying it would ensure more stable markets.
As Internet shares break down, investors see value in old tech
NEW YORK (Reuters) – The last six weeks have been terrible for many technology shares, but not for the four horsemen that sat atop the last tech boom.
Microsoft sued over browser miscue that led to $731 million EU fine
SEATTLE (Reuters) – Microsoft Corp’s board faces a lawsuit over the way it handled an error with its Internet Explorer browser that ended up costing the company a record-breaking $731 million fine by European antitrust regulators.
Nasdaq ends below 4,000 for first time since early February
NEW YORK (Reuters) – U.S. stocks slid in a volatile session on Friday, with the Nasdaq closing below the 4,000 mark for the first time since early February.
U.S. government says hackers trying to exploit ‘Heartbleed’ bug
BOSTON (Reuters) – The U.S. government warned banks and other businesses on Friday to be on alert for hackers seeking to steal data exposed by the “Heartbleed” bug, as a German programmer took responsibility for the widespread security crisis.
Puerto Rico bond crisis leaves boxing champ Trinidad ruined
SAN JUAN (Reuters) – Boxer Felix “Tito” Trinidad, who grossed nearly $90 million during his championship career in the ring, is in economic ruin, just like his native Puerto Rico, according to court documents.
Documents show GM’s sluggish response to deadly defect
WASHINGTON/DETROIT (Reuters) – Documents made public on Friday by a U.S. House of Representatives committee provided fresh details on General Motors Co’s awareness of problems surrounding ignition switches in millions of its cars – long before the Detr…
Amazon to unveil smartphone in time for winter holidays: WSJ
SAN FRANCISCO (Reuters) – Amazon.com Inc is preparing to launch its long-rumored smartphone in the second half of the year, the Wall Street Journal reported on Friday, citing people briefed on the company’s plans.
JPMorgan profit weaker than expected as trading revenue falls
(Reuters) – JPMorgan Chase & Co posted far weaker-than-expected quarterly profit as uncertainty about the U.S. economy weighed on investor trading volumes and consumer borrowing.
