China Everbright Securities reports August losses of $85 million from trading scandal
BEIJING (Reuters) – China Everbright Securities incurred net losses of 523.1 million yuan ($85.47 million) in August as a result of a glitch in its trading system that prompted record fines from the regulators, the brokerage said in a notice posted lat…
IBM to transfer U.S. retirees to healthcare exchanges next year
(Reuters) – IBM plans to move U.S. retirees off its company-sponsored health plan and shift them into new public insurance exchanges as a way of lowering costs.
Empire State Building owners to pursue IPO plan
NEW YORK (Reuters) – Malkin Holdings LLC said on Friday it planned to pursue a public listing for the Empire State Building after reviewing several bids to buy control of the landmark New York skyscraper.
U.S. clears Smithfield’s acquisition by China’s Shuanghui
(Reuters) – The U.S. Committee on Foreign Investment has cleared the way for Shuanghui International Holdings Ltd’s proposed $4.7 billion acquisition of Smithfield Foods Inc, the companies said on Friday.
AT&T’s pension plan contribution gets tentative OK from government
(Reuters) – AT&T Inc’s proposal to contribute $9.2 billion to $9.5 billion of preferred equity to its pension plan has been tentatively approved by the U.S. Department of Labor, according to a filing.
Exclusive: U.S. prosecutors add China bribe allegations to GSK probe
NEW YORK/LONDON (Reuters) – U.S. authorities are investigating British drugmaker GlaxoSmithKline Plc for violations of U.S. anti-bribery laws in China after Chinese government officials accused the company of bribing doctors, three sources familiar wit…
Citigroup to close trading desks on CBOT floor: source
CHICAGO (Reuters) – Citigroup Inc will close its trading desks on the Chicago Board of Trade’s grain and financial floors at the end of September and will move most of its floor staff to Citi’s office in Chicago, a source familiar with the situation to…
Delta to join S&P 500 after close of trading on September 10
(Reuters) – Delta Airlines will join the S&P 500 index after the close of trading on September 10, replacing BMC Software , Standard & Poor’s said on Friday.
J&J kicks off $5 billion clinical diagnostics unit sale: sources
NEW YORK (Reuters) – Johnson & Johnson has launched a sale process for its Ortho Clinical Diagnostics unit, which makes blood screening equipment and laboratory blood tests and could fetch around $5 billion, three people familiar with the matter said on Friday.
Bank of America, Merrill in $39 million gender bias settlement
NEW YORK (Reuters) – Bank of America Corp agreed to pay $39 million to settle a gender bias lawsuit by female brokers who claimed they were paid less than men and deprived of handling their fair share of lucrative accounts, court papers made public on …
