Costco says cooperating with DEA probe on controlled substances
(Reuters) – Costco Wholesale Corp said on Wednesday that it will cooperate with the U.S. Drug Enforcement Administration in its ongoing investigation of prescriptions for controlled substances, after receiving subpoenas and warrants from the DEA.
Billionaire Mark Cuban cleared of insider trading; blasts U.S. government
DALLAS (Reuters) – Flamboyant billionaire Mark Cuban on Wednesday was cleared by a Texas jury of using a private tip to avoid a big loss on his 2004 sale of Internet company shares, in a stinging rebuke for the U.S. government which had accused him of …
EBay holiday quarter outlook disappoints on U.S. weakness
(Reuters) – EBay Inc on Wednesday gave a disappointing holiday forecast, blaming a weaker U.S. macroeconomic environment, sending shares down 4.5 percent in after-hours trading.
Noble Corp profit tops estimates with rig rate rise
(Reuters) – Noble Corp , an offshore drilling contractor now breaking itself up in an effort to boost its value, reported on Wednesday a larger-than-expected rise in quarterly profit as its rigs were kept busier and the rates paid for them improved.
Analysis: Tax perks at risk, Mexico factories shelve growth plans
TLAXCALA, Mexico (Reuters) – Mexican assembly plants have put expansion plans on ice pending a tax overhaul that threatens their perks, but low wages and proximity to the United States should deter any mass exodus to manufacturing rivals like China.
SEC battles with industry fund over Stanford victims’ claims
WASHINGTON (Reuters) – U.S. regulators sought to overturn a 2012 court ruling that prohibited victims of Allen Stanford’s $7 billion Ponzi scheme from seeking compensation, in an unprecedented legal battle between the government and an industry-backed …
American Express profit beats estimates as card spending rises
(Reuters) – American Express Co posted a better-than-expected 9 percent rise in quarterly profit as customers increased spending on its credit cards and fewer users defaulted on payments.
Facebook lifts restriction on teen users sharing with public
SAN FRANCISCO (Reuters) – Facebook Inc removed a restriction for users under 18 that previously limited who could see their online postings from photos to musings on the world-wide social network.
Toys R Us picks interim CEO for top post, gets new U.S. president
(Reuters) – Toys R Us Inc on Wednesday named its interim chief executive officer to the role full-time and said it hired an executive with experience at rival Wal-Mart Stores Inc to run its U.S. business, ending an eight-month leadership search as it p…
JPMorgan to pay $100 million in latest ‘London Whale’ fine
WASHINGTON (Reuters) – The London Whale is the gift that keeps giving for regulators.
