Supreme Court dismisses shareholder case against UBS
WASHINGTON (Reuters) – UBS Financial Services Inc of Puerto Rico on Monday prevailed in a legal battle over a shareholder derivative lawsuit filed by pension plans in Puerto Rico, when the U.S. Supreme Court formally dismissed the case.
JPMorgan liable to billionaire Blavatnik over mortgage losses
NEW YORK (Reuters) – A New York state judge found JPMorgan Chase & Co liable to Russian-American billionaire Leonard Blavatnik for breach of contract for stuffing an investment account he held with risky subprime mortgage securities, and ordered the bank to pay more than $50 million of damages including interest.
Wall Street ends lower after Kerry blasts Syria on chemical weapons
NEW YORK (Reuters) – U.S. stocks fell in light volume on Monday after U.S. Secretary of State John Kerry called Syria’s use of chemical weapons “undeniable.”
Daimler’s Mercedes-Benz to outline strategic plan for China
BEIJING (Reuters) – Daimler AG’s Mercedes-Benz will launch about 20 new or upgraded car models in China over the next two years, part of a broader turnaround effort aimed at reversing the brand’s recent struggles in the world’s biggest auto market.
Starbucks won’t cut worker benefits ahead of Obamacare: CEO
NEW YORK (Reuters) – Starbucks Coffee Co will not follow the lead of other companies that are cutting health insurance benefits or reducing hours for employees in anticipation of the U.S. Affordable Care Act, the coffee shop chain’s CEO Howard Schultz …
Peregrine accountant barred from working for firms overseen by CFTC
WASHINGTON (Reuters) – The U.S. futures regulator on Monday barred Jeannie Veraja-Snelling from working as an accountant for firms it oversees after she failed to detect the massive fraud at failed brokerage Peregrine Financial Group.
UBS agrees to pay $4.6 million in settlement over sales assistants
(Reuters) – A unit of UBS AG will pay nearly $4.6 million to settle allegations by multiple state securities regulators that unregistered sales assistants accepted clients’ orders to buy and sell securities, New Jersey’s highest law enforcement agency …
Goldman losses from options glitch in tens of millions: source
(Reuters) – Goldman Sachs Group Inc lost tens of millions of dollars after a computer glitch led to a flood of erroneous options trades last week, a source close to the matter said on Monday.
Swiss government to decide soon whether to keep seeking US tax deal: top diplomat
BERN (Reuters) – Switzerland will decide soon on whether to keep pursuing a tax agreement with the United States, an outgoing top diplomat said on Monday, or risk extending a long, costly dispute over banks that shelter tax evaders.
Swiss government to decide soon whether to keep seeking US tax deal: top diplomat
BERN (Reuters) – Switzerland will decide soon on whether to keep pursuing a tax agreement with the United States, an outgoing top diplomat said on Monday, or risk extending a long, costly dispute over banks that shelter tax evaders.
