Investors accuse 12 banks of forex price rigging in U.S. lawsuit
NEW YORK (Reuters) – Twelve large banks have been sued in a consolidated antitrust lawsuit by investors who claim they conspired to rig prices in the roughly $5.3 trillion-a-day foreign exchange market.
U.S. public pension gap widened to nearly $1 trillion in fiscal year 2012
(Reuters) – The unfunded liabilities of public-employee pension plans rose by 10 percent in fiscal 2012 to a record $914 billion, hit by low investment returns, missed contributions and unfunded benefits, underscoring the pension funding crisis in U.S….
U.S. grand jury probing Deutsche Borse unit’s ties to Iran bank
NEW YORK (Reuters) – A U.S. grand jury is probing whether Deutsche Boerse AG’s Clearstream Banking SA unit took any steps to benefit Iran and its central bank, according to a court filing in a case that stems from the 1983 bombing of the U.S. Marine ba…
Apple again seeks decisive U.S. court ruling against Samsung
SAN JOSE, California (Reuters) – An Apple Inc attorney told jurors the company deserves about $2 billion from Samsung for copying the iPhone, but a Samsung lawyer said Apple was merely seeking to make up for losing its lead in the smartphone market.
Bouygues extends SFR deadline offer, sets break-up fee
PARIS (Reuters) – French conglomerate Bouygues turned up the heat in its battle for control of Vivendi’s telecom unit SFR on Tuesday by extending its offer to April 25 from April 8 and presenting a 500 million euro ($689 million) break-up fee.
Russia says JP Morgan ‘illegally’ blocked embassy money transfer
MOSCOW (Reuters) – Russia accused U.S. bank JP Morgan on Tuesday of “illegally” blocking a payment from one of its embassies to an insurance agency “under the pretext of anti-Russian sanctions”.
U.S. Supreme Court could limit bank fraud law
WASHINGTON (Reuters) – The U.S. Supreme Court on Tuesday appeared poised to limit the scope of a federal criminal law that targets people who defraud banks.
Apple in talks to buy Renesas stake in chip design unit: Nikkei
(Reuters) – Apple Inc is in talks to buy Japan-based Renesas Electronics Corp’s stake in a unit that designs liquid crystal display chips for iPhones for about 50 billion yen ($483 million), the Nikkei reported, without identifying a source.
Soros wins partial dismissal of suit filed by ex-girlfriend
NEW YORK (Reuters) – George Soros won a bid on Tuesday to dismiss a $50 million claim by an ex-girlfriend who claimed he reneged on a promise to buy her a pricey Manhattan apartment, but the appeals court did not dismiss an assault claim against the 83…
Republicans defend Caterpillar, blast U.S. tax code at hearing
WASHINGTON (Reuters) – The broken U.S. tax code encourages companies to shift profits overseas, Republican senators said on Tuesday, seeking to deflect criticism from Caterpillar Inc at a hearing on how it allegedly avoided paying $2.4 billion in taxes…
