MillerCoors says probe shows ex-employees embezzled millions
LOS ANGELES (Reuters) – MillerCoors, a U.S. joint venture between SABMiller Plc and Molson Coors Co, on Thursday said it had uncovered a multi-year scheme in which two former employees allegedly embezzled several million dollars.
Google pays $1.4 million fine in Italy over StreetView concerns
MILAN (Reuters) – Google has paid a 1 million euro ($1.4 million) fine imposed by Italy’s data protection watchdog over complaints that cars it used to record images on Italian streets in 2010 were not clearly recognizable, the regulator said on Thursd…
Anti-vice crackdown on China’s ‘sin city’ takes extra toll as economy slows
HONG KONG (Reuters) – A crackdown on a once-thriving sex trade in China’s factory of the world will come with a significant economic cost for the city of Dongguan’s local government, which relies heavily on the entertainment industry for tax revenues.
Delta says may buy up to 50 wide-body jets to update fleet
WASHINGTON (Reuters) – Delta Air Lines is looking at buying as many as 50 wide-body jets, the airline said on Thursday, opening a contest between Airbus and Boeing Co for business worth well over $10 billion at list prices.
Citigroup names McQuade to lead new Fed application: memo
NEW YORK (Reuters) – Citigroup Inc said on Thursday that Gene McQuade, a bank executive who was retiring to become a director, will lead a new push to win permission from the Federal Reserve to pay higher dividends and buy back stock.
Wall Street dips as investors wary before jobs data
NEW YORK (Reuters) – U.S. stocks slipped on Thursday, as investors turned cautious ahead of Friday’s monthly jobs report, while a drop in biotech and momentum shares dragged the Nasdaq down nearly 1 percent.
Senate panel to vote on CFTC chairman Tuesday
WASHINGTON (Reuters) – A U.S. Senate committee will vote on three candidates for the U.S. Commodity Futures Trading Commission on Tuesday, after the trio met little resistance from lawmakers in a confirmation hearing last month.
Exclusive: Boeing explores purchase of Mercury Systems – sources
NEW YORK (Reuters) – Boeing Inc is considering buying Mercury Systems Inc , a supplier of digital signal and image processing systems to the aerospace and defense industry, according to two people familiar with the matter.
TD Bank CEO wants U.S. to curb high frequency trading
(Reuters) – Toronto-Dominion Bank Chief Executive Ed Clark said on Thursday he believes high frequency trading (HFT) gives an unfair advantage to some market participants and wants curbs by U.S. regulators.
Tesco finance director set to resign: report
LONDON (Reuters) – Tesco finance director Laurie McIlwee is set to resign as early as next week, days before Britain’s biggest retailer is expected to announce another sharp decline in profitability, the Financial Times reported.
