Exclusive: EU to fine banks billions of euros over rate rigging
BRUSSELS (Reuters) – A number of finance firms, including Royal Bank of Scotland and Rabobank face billions of euros in fines next month from European Union regulators for colluding on global benchmark interest rates, reinforcing Brussels’ hard line on…
Microsoft shares hit highest since 2000 with CEO search in view
SEATTLE (Reuters) – Shares of Microsoft Corp jumped to their highest since mid-2000 on Wednesday, a day after Reuters reported that the world’s largest software company is closing in on appointing a new chief executive
Exclusive: Qatari fund invests in BlackBerry debt offer – source
DUBAI (Reuters) – Qatar Holding LLC is among a handful of investors that have put money into BlackBerry’s $1 billion convertible debt offering, a source familiar with the financing plan said on Wednesday.
GM expands online shopping for cars across U.S. dealer network
DETROIT (Reuters) – An online shopping service for General Motors Co cars and trucks is being expanded to GM dealers throughout the United States.
Goldman Sachs legal-loss reserves may be $4 billion short: CFO
NEW YORK (Reuters) – Goldman Sachs Group Inc may be underreserved for legal losses by up to $4 billion, Chief Financial Officer Harvey Schwartz said on Wednesday.
Google rivals asked if concessions go far enough in antitrust inquiry
PARIS (Reuters) – European regulators have asked Google’s rivals whether the Internet search engine’s revised proposals to settle an antitrust case will boost their bargaining power in commercial negotiations, a European Commission document showed.
Google rivals asked if concessions go far enough in antitrust inquiry
PARIS (Reuters) – European regulators have asked Google’s rivals whether the Internet search engine’s revised proposals to settle an antitrust case will boost their bargaining power in commercial negotiations, a European Commission document showed.
SAC Capital settlement clears U.S. court hurdle
NEW YORK (Reuters) – A federal judge said he will approve part of a $1.2 billion settlement with Steven A. Cohen’s SAC Capital Advisors on Wednesday, putting the U.S. government a step closer to finalizing the insider trading agreement.
Chesapeake Energy posts profit; shares fall on oil outlook
(Reuters) – Chesapeake Energy Corp , the No. 2 U.S. natural gas producer, reported a third-quarter profit on Wednesday, but its shares fell more than 6 percent after it said its oil production would be lower this quarter.
Halliburton aims to outperform deepwater market by 25 percent
(Reuters) – Oilfield services provider Halliburton Co said on Wednesday it aims to expand in the deepwater market at least 25 percent faster than the market growth rate over the next three years.
