Graham, Bezos hashed out Washington Post deal in Sun Valley
(Reuters) – Donald Graham, the chairman and CEO of The Washington Post Co, started talking to Amazon.com’s Jeff Bezos less than a month before cinching a $250 million deal to sell the flagship newspaper to the tech entrepreneur.
Output in emerging market economies contract in July: HSBC
LONDON (Reuters) – Business activity across emerging economies contracted for the first time in over four years in July, driven mainly by a drop in manufacturing while services activity stagnated, a survey showed on Tuesday.
BP says found new fraud in Gulf spill payouts
(Reuters) – BP Plc said Monday it has discovered new evidence of fraud and conflicts of interest in the program that is paying billions of dollars to businesses and residents who claimed they were harmed by the 2010 Gulf of Mexico oil spill.
Exclusive: ATK close to deal with gun accessory maker Bushnell – sources
(Reuters) – Alliant Techsystems Inc , the world’s largest ammunition maker, is in advanced talks to buy Bushnell Outdoor Products Inc in a deal that could value the gun accessory maker at around $1 billion, two sources familiar with the matter said on …
FERC seeks $29 million from BP over natural gas trading
(Reuters) – U.S. federal energy regulators on Monday ordered BP Plc to respond to allegations of natural gas market manipulation in Texas, threatening the energy company with fines near $29 million.
SEC judge rules Stanford executives are liable for fraud
WASHINGTON (Reuters) – In a victory for federal regulators, an administrative judge has found three former executives who worked for Allen Stanford’s now-defunct brokerage liable for fraud and said they should banned from the industry.
Dow, S&P slip from record highs on year’s lowest volume
NEW YORK (Reuters) – The Dow and the S&P 500 dipped on Monday in the thinnest volume so far this year, following their record closing highs last week as a lack of major news left the market directionless.
American Eagle not happy with quarter, shares sink
(Reuters) – American Eagle Outfitters Inc , which makes clothes for teenagers and young adults, said on Monday its second-quarter profit will likely be less than half of what Wall Street was expecting, citing weak sales and lower margins, sending its s…
Chevron to pay $2 million fine for SF Bay refinery fire: official
HOUSTON (Reuters) – Chevron Corp agreed to pay $2 million in fines and restitution after pleading no contest to six misdemeanor charges on Monday stemming from the August 6, 2012 explosion and fire at its San Francisco Bay refinery, according to the lo…
FINRA fines Oppenheimer $1.4 million over penny stocks, internal controls
NEW YORK (Reuters) – Oppenheimer & Co has agreed to pay $1.425 million in fines to resolve charges that the financial services company sold unregistered penny stocks and had inadequate safeguards against money laundering, Wall Street’s industry-funded watchdog said.
