Exclusive: HSBC still in regulators’ crosshairs over money-laundering
(Reuters) – U.S. regulators continue to find weaknesses in the way HSBC Holdings tries to prevent money laundering, according to people familiar with the matter, even after the British bank was forced to pay nearly $2 billion in penalties and invested …
Exclusive: Cybercrime firm says uncovers six active attacks on U.S. merchants
BOSTON (Reuters) – A cybercrime firm says it has uncovered at least six ongoing attacks at U.S. merchants whose credit card processing systems are infected with the same type of malicious software used to steal data from Target Corp.
GM CEO Barra’s 2014 compensation to total up to $4.4 million
DETROIT (Reuters) – Mary Barra, General Motors Co’s new chief executive officer and the auto industry’s first female CEO, will be paid up to $4.4 million in cash and stock compensation this year, GM disclosed in a federal filing on Friday.
Morgan Stanley profit beats estimate; raises margin target
(Reuters) – Morgan Stanley posted stronger-than-expected fourth-quarter results, as its retail brokerage and asset management businesses won more assets from clients and benefited from rising stock markets.
U.S. industry shows muscle in late 2013
WASHINGTON (Reuters) – U.S. industrial output rose at its fastest clip in 3-1/2 years in the fourth quarter as factory activity closed out the year on a strong note, a sign of the economy’s brightening prospects.
HSBC, Citi suspend traders as FX probe deepens
LONDON (Reuters) – HSBC and Citigroup both suspended foreign exchange traders on Friday as a global probe into possible currency market manipulation intensified.
Star witness takes stand in insider trading case of SAC’s Martoma
NEW YORK (Reuters) – A former University of Michigan neurology professor took the stand on Friday as the government’s star witness in the insider trading trial of Mathew Martoma, saying he divulged confidential information about a drug trial to the for…
Exclusive: AB InBev seeks to buy Oriental Brewery for $4.5 billion
HONG KONG/NEW YORK (Reuters) – Anheuser-Busch InBev SA is in advanced discussions to buy South Korea’s Oriental Brewery from private equity owners KKR & Co LP and Affinity Equity Partners for more than $4.5 billion, according to people familiar with the matter.
Analysis: Chevy’s exit from Europe weakens GM’s deal with Manchester United
DETROIT (Reuters) – General Motors Co’s recent decision to pull its well-known Chevrolet brand out of Europe suddenly makes its expensive sponsorship deal with Manchester United, the world’s most recognized soccer club, look like less of a winner.
GE profit margins fall short, shares slide
(Reuters) – General Electric Co posted disappointing 2013 profit margins on Friday, hurt by delayed wind turbine deliveries and poor energy management results, offsetting a 5 percent rise in quarterly earnings.
