Daniel Rivas, who was the alleged tipper and later worked at Royal Bank of Canada (RY.The other five defendants were arrested separately on Wednesday, and charged in a 54-count indictment.
Shares of the company rose 4.The company forecast fourth-quarter adjusted profit of 86- 94 cents per share and net sales of $3.
N) is exploring options for its Digital Life home security business, including selling it, as it seeks to pay down debt following its planned $85.It is estimated to have between 400,000 and 500,000 customers and may fetch close to $1 billion in a sale, the sources said.
ZURICH (Reuters) - Switzerland’s road agency on Friday imposed a preliminary ban on new registrations of Porsche Cayenne cars equipped with manipulated diesel engine management software.The preliminary ban, imposed on Cayenne cars with three-litre diesel motors of emissions standard euro 6, does not affect cars already registered in Switzerland, the agency said.
mall operator to limit the dominance of the Woodbury Common Premium Outlets center near New York City could lead to more factory outlets in the metropolitan area, New York state’s attorney general said on Monday.The Indianapolis-based company also agreed to hire an independent monitor, and pay $945,000 to New York state.
On Tuesday, Singapore’s ministry of health said the seven firms had signed an industry pledge to remove by 2020 drinks that contain more than 12 percent sugar from their portfolios of sugar-sweetened beverages.“In addition to this industry commitment, Coca-Cola Singapore is making an additional commitment to reduce the sugar content in our portfolio of sugar-sweetened beverages by 10 percent by 2020,” Coca-Cola said in an email to Reuters.
Circuit Court of Appeals in Manhattan likely means Litvak, 42, will begin serving his sentence on Sept.12 as scheduled, though the court expedited his appeal.
WASHINGTON (Reuters) - U.S.
WASHINGTON (Reuters) - Congressional Republicans, seeking to address the complaints of small businesses, are floating changes to their controversial proposal to eliminate business tax deductions for debt interest payments, business lobbyists said on Tuesday.The debt interest proposal, long seen by Republican policymakers as necessary to help drive economic growth, is backed by large companies with ready access to equity financing that they could substitute for debt if eliminating the interest deduction made issuing debt too costly.
Jim Kirk, former editor-in-chief of the Chicago Sun-Times, was named interim executive editor.The appointments are effective immediately, Tronc said in a statement announcing the moves.
MUNICH/HAMBURG (Reuters) - The management of Volkswagen’s (VOWG_p.Chief Executive Rupert Stadler will remain in office unless new evidence emerges that would indicate he knew about diesel emission cheating at the carmaker, the people said.
BRUSSELS/FRANKFURT (Reuters) - The European Commission has started an in-depth investigation of Bayer’s planned $66 billion takeover of U.The Commission said divestments offered by Bayer so far did not go far enough and that it aimed to make a final decision on the deal by Jan.
7 billion acquisition of Whole Foods Market Inc WFM.Earlier on Wednesday, Whole Foods said its shareholders voted in favor of the deal.
WASHINGTON (Reuters) - New U.single-family home sales unexpectedly fell in July, dropping to their lowest in seven months amid a surge in prices, raising concerns of a slowdown in the housing market recovery.
L) German leisure airline Condor and Lufthansa are interested in taking on a number of planes from insolvent Air Berlin (AB1.DE), which was first to talk with Air Berlin, on Wednesday said it had presented a term-sheet to the insolvent carrier, setting out its interest in taking over parts of the Air Berlin group.
(Reuters) - Wells Fargo & Co (WFC.Nearly a year ago, officials discovered that Wells Fargo staff had opened as many as 2.
DE) is working on a corporate holding structure which could be ready by the company’s annual general meeting on April 5, 2019, Manager Magazin said on Thursday.Bodo Uebber may end up as head of the corporate holding structure, given that Dieter Zetsche is close to retirement, Manager Magazin said.
DE) has told investigators he informed then-CEO Martin Winterkorn on July 27, 2015, that the carmaker had “cheated” during emissions tests in the United States, German media reported on Friday.According to a report by German daily Sueddeutsche Zeitung and broadcasters NDR and WDR published on Friday, the unidentified quality manager told German and U.
WASHINGTON (Reuters) - Low inflation and a strong labor market in the United States are allowing the Federal Reserve to be “patient” about when it next raises interest rates, Fed Governor Jerome Powell said on Friday.“Inflation is a little bit below target and it’s kind of a mystery,” Powell, who was in Jackson Hole, Wyoming, for a central banking conference, told CNBC network.
UL] escalated on Thursday as some investors sought to fight a lawsuit by shareholder Benchmark Capital against ousted Chief Executive Travis Kalanick.He said Benchmark’s effort to remove Kalanick from Uber’s board was aimed at gaining control of the company.