SocGen facing bribery lawsuit over Libyan deals: Financial Times
(Reuters) – The Libyan Investment Authority has accused France’s second-biggest bank Societe Generale of funneling bribes worth tens of millions of dollars to associates of Saif al-Islam, the son of former Libyan leader Muammar Gaddafi, the Financial T…
After years of probes, SEC fraud trial over Texas tycoons to start
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission faces off against wealthy Texas investor Samuel Wyly and the estate of his late brother, Charles, this week in a trial over long-standing accusations that they engaged in a $550 million f…
Key GM crisis questions: Who approved switch revision and why recall took so long
WASHINGTON/DETROIT (Reuters) – Among the most critical unanswered questions in General Motors’ mounting crisis over a defective ignition switch that led to crashes and at least 13 deaths is who, eight years ago, approved a change in the part for new ve…
ECB wrestles with ‘danger zone’ inflation
BRUSSELS (Reuters) – The European Central Bank’s dilemma over barely rising prices seems likely to dominate a week starting with a euro zone inflation estimate and ending with U.S. jobs figures, the monetary policy driver on the other side of the Atlan…
Kraft challenged by “healthier” macaroni and cheese brands
LOS ANGELES (Reuters) – Kraft Macaroni & Cheese has been a favorite meal for generations of American children, but smaller brands made with more natural ingredients are starting to nibble at its market share, part of a trend that is biting into growth at large U.S. food companies.
Delta-Virgin takes up battle for New York-London fliers
ATLANTA (Reuters) – Delta Air Lines has been making inroads in the dogfight over the lucrative market for business travel between New York and London, but the newly merged American Airlines Group is fighting back.
Analysis: Russia sell-off spurs hunt for bargains
NEW YORK (Reuters) – Rising tension between Russia and the West has rattled the country’s stock and bond markets, but some big money managers see the turbulence as an opportunity.
Exclusive: Mt. Gox faced questions on handling client cash long before crisis
TOKYO (Reuters) – Two years before Mt. Gox filed for bankruptcy, a half dozen employees at the Tokyo-based bitcoin exchange challenged CEO Mark Karpeles over whether client money was being used to cover costs, according to three people who participated…
Security firm Trustwave says Target data breach claims baseless
(Reuters) – Trustwave Holdings Inc, a credit-card security firm that has been sued along with Target Corp over a sweeping data breach, said on Saturday it did not process cardholder data for the retailer or handle Target’s data security as a lawsuit al…
GM recall process will be under congressional microscope
DETROIT/WASHINGTON (Reuters) – When General Motors Co Chief Executive Mary Barra faces Congress next week she will have to explain how the top brass at the biggest U.S. automaker can say they knew nothing for more than a decade about a faulty ignition …
