China investigates France’s Sanofi for alleged bribery: Xinhua
BEIJING (Reuters) – China has started investigating French drugmaker Sanofi SA for allegedly bribing more than 500 Chinese doctors with about 1.7 million yuan ($277,600) of payments to raise sales, China’s Xinhua state news agency said on Saturday.
Caesars sells $438 million Macau golf course to Pearl Dynasty
HONG KONG (Reuters) – U.S. casino operator Caesars Entertainment has agreed to sell a golf course in Macau to Pearl Dynasty Investment Ltd for $438 million, effectively giving up on its wait for casino operating rights in the Chinese gaming enclave.
ConocoPhillips plans new well in Alaska national reserve
ANCHORAGE, Alaska (Reuters) – ConocoPhillips has applied for permits to develop a new field in the National Petroleum Reserve in Alaska, a vast unit of federal land that has yet to yield commercially produced oil, according to the federal agency managi…
U.S. considering arrests in JPMorgan ‘whale’ case: sources
NEW YORK (Reuters) – U.S. authorities investigating the $6.2 billion “London Whale” trading losses at JPMorgan Chase & Co are considering making arrests, the latest twist in a case that created a scandal for the largest U.S. bank, according to two people familiar with the situation.
Ackman’s public debate over J.C. Penney escalates
(Reuters) – The public battle between J.C. Penney Co and leading shareholder Bill Ackman escalated Friday with the hedge fund manager demanding the ouster of the retailer’s chairman as well as the interim CEO, while Starbucks CEO Howard Schultz joined …
SAC, prosecutors strike formal deal to keep firm going
NEW YORK (Reuters) – A U.S. judge on Friday approved an agreement between Steven A. Cohen’s hedge fund, SAC Capital Advisors, and federal prosecutors to allow the hedge fund to continue to operate while the criminal case against it proceeds.
U.S. judge considers limits on Apple in e-books case
NEW YORK (Reuters) – A U.S. judge said on Friday she is considering imposing tough restrictions on Apple Inc for illegally conspiring with publishers to raise e-books prices.
Apple patent wins could mean U.S. import ban for Samsung
WASHINGTON (Reuters) – Some older Samsung Electronics Co. mobile devices face a sales and import ban in the United States after a U.S. trade panel ruled for Apple Inc. in a high-profile patent infringement case.
Madoff was in ‘love triangle’ with employee: U.S. prosecutors
NEW YORK (Reuters) – Bernard Madoff was in a “love triangle” involving one of five former employees who are about to go on trial for helping him run his multibillion-dollar Ponzi scheme, prosecutors said.
Pattern Energy files for IPO of up to $345 million
(Reuters) – Renewable power producer Pattern Energy Group Inc filed with U.S. regulators on Friday to raise up to $345 million in an initial public offering of common shares.
