SAC, prosecutors strike formal deal to keep firm going
NEW YORK (Reuters) – Lawyers for Steven A. Cohen’s hedge fund, SAC Capital Advisors, reached a formal agreement with federal prosecutors to allow the hedge fund to continue to operate while the criminal case against it proceeds, according to a source b…
U.S. appeals court sides with railroads in class action ruling
WASHINGTON (Reuters) – A U.S. appeals court on Friday vacated a trial court’s decision to certify a class action against railroad companies, a procedural win for the companies in a case about whether they illegally colluded to fix the price of fuel sur…
More weakness seen for Canadian dollar as greenback gains from Fed pullback: Reuters poll
TORONTO (Reuters) – The Canadian dollar is expected to drop further against the U.S. dollar in the coming months and stay weaker for longer than previously forecast, a Reuters poll of economists and currency strategists showed on Friday, with a pull-ba…
Yen set to weaken, timing of Fed’s QE taper to weigh: Reuters poll
(Reuters) – A weaker yen is likely for at least a year and how much it eases in the near term will depend on how soon investors expect the U.S. Fed to start reducing its stimulus, a Reuters poll found.
Exclusive: PetroChina to join Exxon at giant Iraqi oilfield
BEIJING/MOSCOW (Reuters) – China’s biggest energy firm PetroChina will join Exxon Mobil in developing Iraq’s giant West Qurna oilfield and is in talks with Russia’s Lukoil to buy into a second project at the field, industry sources said.
U.S. appeals court sides with railroads in class action ruling
WASHINGTON (Reuters) – A U.S. appeals court on Friday vacated a trial court’s decision to certify a class action against railroad companies, a procedural win for the companies in a case about whether they illegally colluded to fix the price of fuel sur…
UBS to pay $120 million in settlement over Lehman notes
(Reuters) – UBS AG has agreed to pay $120 million to settle a lawsuit by investors who accused the Swiss bank of misleading them about the financial condition of Lehman Brothers Holdings Inc in connection with the sale of structured notes.
Hackers switch to new digital currency after Liberty Reserve
NEW YORK (Reuters) – Three months after a team of international law enforcement officials raided the digital currency firm Liberty Reserve, cyber experts say criminals are increasingly turning to another online currency called Perfect Money.
Hackers switch to new digital currency after Liberty Reserve
NEW YORK (Reuters) – Three months after a team of international law enforcement officials raided the digital currency firm Liberty Reserve, cyber experts say criminals are increasingly turning to another online currency called Perfect Money.
Danone adds to U.S. expansion with YoCrunch yoghurt acquisition
PARIS (Reuters) – French foods group Danone has bought YoCrunch, a U.S. firm which makes yogurts with toppings such as Reese’s peanut butter candy, M&M’s and Oreo cookies, as it continues to grow its share of the $7 billion U.S. yoghurt market.
