Posted by Reuters: Business News on February 2, 2012
(Reuters) – Glencore International is nearing an agreement to combine with Xstrata in a deal that may value the combined entity at 52 billion pounds ($82.46 billion), Bloomberg said, citing two people with knowledge of the plan.
Posted by Reuters: Business News on January 30, 2012
WASHINGTON/CHARLOTTE (Reuters) – State and federal officials are close to a settlement with the largest U.S. banks over mortgage abuses, with states facing an end-of-the-week deadline to decide whether they will sign on, people close to the talks said.
Posted by Reuters: Business News on January 18, 2012
NEW YORK (Reuters) – U.S. prosecutors charged seven people, described as a circle of friends who formed a criminal club, with running a $62 million insider trading scheme – the latest salvo in a years-long probe of suspicious trading at hedge funds.
Posted by Reuters: Business News on
NEW YORK (Reuters) – At least two senior hedge fund employees were being arrested as part of the government’s sweeping probe into insider trading, people familiar with the matter said on Wednesday.
Posted by Reuters: Business News on January 10, 2012
WASHINGTON (Reuters) – Former Securities and Exchange Commission attorney Spencer Barasch is expected to settle Department of Justice civil charges that he inappropriately represented alleged Ponzi schemer Allen Stanford, people familiar with the matter told Reuters.
Posted by Reuters: Business News on
WASHINGTON (Reuters) – Former Securities and Exchange Commission attorney Spencer Barasch is expected to settle Department of Justice civil charges that he inappropriately represented alleged Ponzi schemer Allen Stanford, people familiar with the matter told Reuters.
Posted by Reuters: Business News on December 8, 2011
NEW YORK (Reuters) – U.S. securities regulators are closing a long-running investigation into allegations that two well-known hedge funds conspired to spread negative information about Toronto insurer Fairfax Financial, two people familiar with the inquiry said.
Posted by admin on December 2, 2011
The Securities and Exchange Commission and the FBI have charged 13 people in a securities kickback s…
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Posted by Reuters: Business News on November 27, 2011
NEW YORK (Reuters) – More people headed to stores and websites over the Thanksgiving holiday weekend, and average spending per person rose 9.1 percent as bargain-hunting shoppers scooped up discounts on everything from gadgets to hoodies, a National Retail Federation survey on Sunday showed.
Posted by Reuters: Business News on November 20, 2011
(Reuters) – When it comes to holiday shopping, more people are phoning it in, forcing retailers to embrace new ways to connect or else lose sales.
