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Facebook faces U.S. tax exam over Ireland asset tranfer: lawsuit

(Reuters) – The U.S. Internal Revenue Service is examining Facebook Inc in connection with its transfer of various rights associated with its worldwide business to a holding company in Ireland, according to court papers. The U.S. Justice Department filed a lawsuit on Wednesday in federal court in San Francisco seeking to enforce IRS summonses served on Facebook and force the company to produce various documents as part of the agency's examination. (Reporting by Nate Raymond in New York; Editing

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Facebook faces U.S. tax exam over Ireland asset tranfer: lawsuit

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Hong Kong launches fresh plan to fortify cyber security after SWIFT heist

Hong Kong's central bank has a launched a new program to strengthen lenders' ability to protect their critical technology systems after recent attacks by unidentified groups on a global messaging system used by the financial community. The Hong Kong Monetary Authority's latest measure, known as the “Cybersecurity Fortification …

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Hong Kong launches fresh plan to fortify cyber security after SWIFT heist

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Tesla plans to sell $1.7 billion in new stock to fund Model 3

By Paul Lienert and Alexandria Sage DETROIT/SAN FRANCISCO (Reuters) – Tesla Motors Inc will offer up to $1.7 billion of new common stock to finance the accelerated launch of its new Model 3 electric sedan, the electric luxury car maker said on Wednesday. Tesla shares fell 2.2 percent following the announcement, which came after the market closed. Tesla, which has posted operating losses since its initial public offering in June, 2010, said in a prospectus it expected to sell as many as 8.2 million shares at a price of $204.66 a share.

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Tesla plans to sell $1.7 billion in new stock to fund Model 3

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More than 25,000 Madoff victims now eligible for $4 billion fund

The overseer of a $4 billion U.S. Department of Justice fund for victims of Bernard Madoff's Ponzi scheme said he expected to recommend payouts for at least 25,280 claimants with nearly $4 billion in fraud losses. Richard Breeden, special master of the Madoff Victim Fund, said in an update on his website this week that his office was “substantially” finished with the initial claims review process, having analyzed 63,580 claims covering $67.8 billion of alleged losses…

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More than 25,000 Madoff victims now eligible for $4 billion fund

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New drugs fuel strong Pfizer results; company raises 2016 forecasts

Pfizer said sales would be hurt in the fourth quarter of 2016, however, when those added days will be offset by fewer days. Pfizer walked away from the deal after the U.S. Treasury issued new rules curbing tax inversion deals, under which American companies move overseas to cut taxes. Many analysts believe Pfizer needs to buy new medicines or entire biotech companies to ensure competitive earnings growth.

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New drugs fuel strong Pfizer results; company raises 2016 forecasts

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U.S. prosecutors consider more charges against ex-CEO Shkreli

NEW YORK (Reuters) – Former drug executive Martin Shkreli, who last year became a lightning rod for outrage over soaring prescription drug prices, may face additional U.S. charges of securities fraud, a federal prosecutor

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U.S. prosecutors consider more charges against ex-CEO Shkreli

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Lockheed gets $1.5 billion deal for C-130J aircraft: Pentagon

WASHINGTON (Reuters) – Lockheed Martin Corp has won a contract worth $1.5 billion for work on 28 C-130J military transport aircraft funded by the fiscal 2016 defense budget, the Pentagon said on Thursday in its daily digest of major contracts.

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Lockheed gets $1.5 billion deal for C-130J aircraft: Pentagon

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Credit Suisse to pay $29 million in U.S. regulator’s mortgage case

Credit Suisse Group AG has agreed to pay more than $29 million to resolve a U.S. regulator's claims that it sold toxic mortgage-backed securities to credit unions that later failed, according to court papers filed on Thursday. The deal, disclosed in a filing in federal court in Manhattan, …

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Credit Suisse to pay $29 million in U.S. regulator’s mortgage case

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Witnesses in Shkreli case worried about retaliation: U.S. prosecutors

U.S. prosecutors said several witnesses in the criminal securities fraud case against notorious former pharmaceutical executive Martin Shkreli are concerned about retaliation and have received threats from him in the past. Prosecutors cited the concern about witness intimidation in a brief filed late on Thursday…

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Witnesses in Shkreli case worried about retaliation: U.S. prosecutors

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JPMorgan raises Dimon’s pay 35 percent, but adds strings

JPMorgan Chase & Co directors raised Chief Executive Jamie Dimon's total compensation by 35 percent to $27 million for 2015, a regulatory filing on Thursday showed. The company pegged Dimon's base salary at $1.5 million, the

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JPMorgan raises Dimon’s pay 35 percent, but adds strings

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