Judge tentatively lets U.S. pursue fraud lawsuit versus S&P
(Reuters) – A federal judge has made a tentative ruling to let the U.S. government pursue its $5 billion civil lawsuit accusing Standard & Poor’s of defrauding investors by inflating credit ratings prior to the recent global financial crisis.
U.S. employers pick up pace of hiring in May: Labor Department JOLTS survey
WASHINGTON (Reuters) – The pace of hiring by U.S. employers increased in May, the Labor department said on Tuesday in a report that gave a positive sign for the American job market.
Vivus says activist investor criticisms are off base
(Reuters) – Obesity drugmaker Vivus Inc on Tuesday said its biggest investor, First Manhattan Co, has been offering only “uncertainty and delay” in its efforts to shake up the company’s board of directors.
Vivus says activist investor criticisms are off base
(Reuters) – Obesity drugmaker Vivus Inc on Tuesday said its biggest investor, First Manhattan Co, has been offering only “uncertainty and delay” in its efforts to shake up the company’s board of directors.
Shell’s new CEO reinforces gas technology focus
LONDON (Reuters) – Royal Dutch Shell named refining head Ben van Beurden as its new chief executive, picking a man with little board-level experience but broad company exposure and first-hand knowledge of the gas technology it has bet its future on.
Exclusive: One Call Care for sale for more than $1.5 billion: sources
NEW YORK (Reuters) – One Call Care Management Inc, a medical cost containment services company owned by Odyssey Investment Partners LLC, is exploring a sale that may fetch more than $1.5 billion, according to two people familiar with the matter.
Judge tentatively lets U.S. pursue lawsuit versus S&P
(Reuters) – A federal judge has made a tentative ruling that would let the U.S. government pursue its $5 billion civil lawsuit accusing Standard & Poor’s of defrauding investors by inflating credit ratings prior to the financial crisis.
European rift clouds future of executioner for failed banks
BRUSSELS (Reuters) – A rift in Europe over how best to control its banks has raised a question mark over how far the bloc is willing to go in setting up a new agency to shut stricken banks.
Completed U.S. foreclosures decline in May from year ago: CoreLogic
NEW YORK (Reuters) – Fewer U.S. foreclosures were completed in May compared with a year ago, while the number of houses in the foreclosure process also declined as the market continued to heal, data analysis firm CoreLogic said on Tuesday.
Greek outlook bleaker than lenders think, local think tank calculates
ATHENS (Reuters) – Greece’s economy could shrink by as much as 5 percent this year, the Athens-based IOBE think tank said on Tuesday, revising down its previous projection and offering a more pessimistic forecast than the country’s foreign lenders.
