Exclusive – Hot tech start-up Box picks banks for ’14 IPO – sources
NEW YORK (Reuters) – Data storage company Box, one of the most highly anticipated IPO candidates in Silicon Valley, has selected banks to lead a proposed initial public offering that could come in the first half of 2014, according to three people famil…
Judge rules adviser harmed Morgan Stanley by changing records
NEW YORK (Reuters) – A federal judge ordered a former Morgan Stanley financial adviser to return client information to the firm and prohibited him from soliciting his prior clients because he subverted the firm’s ability to reach those clients.
In SAC case, one chain of insider tips hit dead end before Cohen
NEW YORK (Reuters) – As lawyers for SAC Capital Advisors made final preparations on Friday to enter an expected guilty plea in the insider trading case against the hedge fund, a late-night filing in a related criminal case offered a close look at how o…
Senate to grill watchdogs on Wall Street commodity bets
WASHINGTON (Reuters) – U.S. senators will question financial regulators over Wall Street’s role in commodity markets, a person familiar with the matter said, in a hearing that will draw close attention from the largest investment banks.
Huntington Ingalls cutting costs of U.S. aircraft carriers
WASHINGTON (Reuters) – Huntington Ingalls Industries Inc has left “no stone unturned” in trying to lower the cost of the USS Gerald R. Ford, the first of a new class of aircraft carriers to be christened Saturday, a top company official said.
PwC ordered to face fraud claim over Lipper hedge fund collapse
NEW YORK (Reuters) – A federal appeals court on Friday said PricewaterhouseCoopers LLP must face a securities fraud lawsuit by investors who accuse it of missing red flags when it audited a hedge fund whose portfolio manager eventually went to prison.
Chevron files suit against Polish anti-shale gas protesters
WARSAW (Reuters) – U.S. energy major Chevron said it had filed a civil lawsuit against protesters in Poland who have prevented it from reaching a site where it plans to explore for shale gas.
Berlin prosecutors target Daimler in Merkel aide probe
FRANKFURT (Reuters) – Daimler executives are under investigation for suspicion of “granting undue advantage” to Eckart von Klaeden after Chancellor Angela Merkel’s former aide joined the carmaker as a lobbyist, the Berlin prosecutor’s office said on Fr…
Boeing warns Seattle could lose 777X if deal rejected
(Reuters) – Boeing Co said on Friday it was ready to look for another location to build its newest jet if assembly workers and local politicians do not ratify plans to build it in the Seattle area, its traditional manufacturing base.
McDonald’s October same-restaurant sales miss estimates
(Reuters) – McDonald’s Corp reported lower-than-expected comparable-restaurant sales for October as sales fell in Japan.
