Halliburton pleads guilty to destroying Gulf oil spill evidence
(Reuters) – Halliburton Co has agreed to plead guilty to destroying evidence related to the 2010 Gulf of Mexico oil spill, and will pay the maximum possible statutory fine, the U.S. Department of Justice said on Thursday.
U.S. judge approves IBM’s foreign bribery case settlement with SEC
WASHINGTON (Reuters) – A U.S. judge on Thursday signed off on IBM’s 2011 settlement with U.S. regulators over charges of foreign bribery, wrapping up the latest case that questioned U.S. authorities’ aggressiveness in investigating corporate misconduct…
U.S. regulator announces $885 million settlement with UBS
WASHINGTON (Reuters) – A U.S. regulator on Thursday said it reached an $885 million settlement with UBS over allegations the bank misrepresented mortgage-backed bonds that were sold to Fannie Mae and Freddie Mac during the housing bubble.
Starbucks profit up, U.S. sales surprisingly strong
(Reuters) – Starbucks Corp on Thursday posted a bigger than expected jump in quarterly profit after new fruit “Refresher” energy drinks and seasonal Frappuccino iced beverages helped drive more visits to shops in the United States, its top market.
Tourre on stand says email in SEC case ‘not accurate’
NEW YORK (Reuters) – Fabrice Tourre, the former Goldman Sachs trader accused of secretly helping the hedge fund of billionaire John Paulson construct a $2 billion deal it could bet against, said Wednesday an email he sent to a key participant in the in…
Criminal case against SAC is strong: lawyers
NEW YORK (Reuters) – The decision by federal prosecutors to bring criminal charges against hedge fund SAC Capital Advisors LP, rather than its billionaire owner, Steven A. Cohen, makes it more likely that the government will be able to secure a guilty …
U.S. indicts hackers in biggest cyber fraud case in history
NEWARK, N.J./BOSTON (Reuters) – Federal prosecutors said on Thursday they have charged five men responsible for a hacking and credit card fraud spree that cost companies more $300 million and two of the suspects are in custody, in the biggest cyber cri…
Nasdaq likes Facebook’s surge, but earnings curb Dow, S&P
NEW YORK (Reuters) – The Nasdaq climbed on Thursday, led by a rally in Facebook a day after its earnings, but the broader market’s advance was modest after another round of mixed earnings reports.
SAC Capital seeks protective order on operations after charges
NEW YORK (Reuters) – Steven A. Cohen’s $15 billion hedge fund SAC Capital Advisors is working on an agreement with U.S. prosecutors for an order to “reasonably protect all parties legitimate interests” as the firm faces criminal insider trading charges…
SAC says did not encourage insider trading, will continue operating
NEW YORK (Reuters) – Steven A. Cohen’s $15 billion hedge fund SAC Capital Advisors will continue to operate as the firm deals with criminal charges of insider trading, a spokesman for SAC said in a statement.
