Search Results for: US
Feds explore Chinese trade secrets case
July 18th, 2014
The value of the patented seed allegedly stolen from U.S. seed corn companies likely exceeds $500 million, federal prosecutors said Thursday. The new estimate surfaced in a custody hearing Thursday for Mo Yun, a Chinese woman charged as part ...
U.S. Oil Trade Imbalance With Canada Shrinking
July 18th, 2014
Thanks in large part to its energy-rich oil sands, Canada exports 10 times more oil to the United States than the United States exports to Canada, but that balance has begun to shrink, primarily because of the recent U.S. ...
Alibaba Plans IPO for After Labor Day
July 18th, 2014
Investors will have to wait a little longer for a chance to buy into the year’s most-anticipated initial public offering. Alibaba Group Holding Ltd. on Thursday decided to push back its IPO—which could raise more than $20 billion—until after ...
AbbVie-Shire Deal Is Expected, in a Flight to a Lower-Tax Locale
July 18th, 2014
The biggest deal of the year is set to be announced on Friday morning, as the pharmaceutical giant AbbVie plans to announce a $53 billion acquisition of Shire, according to people briefed on the matter. The deal will allow ...
Fedex faces criminal charges over online pharmacies
July 18th, 2014
FedEx Corp was indicted on Thursday for shipping packages from illegal online pharmacies despite repeated warnings from U.S. drug enforcement officials, according to a court filing. The 15-count indictment, handed down by a federal grand jury in San Francisco, ...
RBS winding down distressed debt unit
July 18th, 2014
State-backed Royal Bank of Scotland Group Plc is shuttering a distressed-debt unit as it continues to shrink its investment bank, Bloomberg reported, citing three people familiar with the matter. “We are materially reducing our special situations group,” Bloomberg quoted ...
Apple appoints BlackRock founding partner to board
July 18th, 2014
Apple Inc said Susan Wagner, founding partner of BlackRock Inc, had been appointed to its board. The maker of iPhone said Bill Campbell, the board’s longest-serving member, would retire after 17 years of service. Campbell is chairman of Intuit ...
SEC targets 10 firms in high frequency trading probe – SEC document
July 18th, 2014
The U.S. Securities and Exchange Commission (SEC) has been seeking information on 10 registered broker dealers as part of an ongoing investigation into high-frequency trading strategies, according to an internal SEC document reviewed by Reuters. The regulator told its ...
CySec warning against unauthorised internet domain
July 17th, 2014
The Cyprus Securities and Exchange Commission (CySec) warns the investors that the company ‘Forextradition Ltd’ (https://www.forextradition.com): 1. Is not permitted to provide investment and ancillary services in the Republic, pursuant to Investment Services and Activities and Regulated Markets Law, as: ...
Japan upgrades economic outlook
July 17th, 2014
Japan upgraded its overall assessment of the economy in July for the first time in six months as consumers reopened their wallets following an initial pullback in spending in the wake of a sales tax increase. In its monthly ...
