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Panama law firm says it hasn’t been approached by investigators yet

April 9, 2016 by · Leave a Comment 

The founding partner of Mossack Fonseca, the Panamanian law firm hit by a huge leak of offshore financial data, told a German newspaper his company had not yet been approached by anyone as part of investigations. Ramon Fonseca also said the release of more than 11.5 million company emails was the result of hacking from a computer overseas rather than an inside job and that he knew which country the hacker attack had come from but was not allowed to…

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Panama law firm says it hasn’t been approached by investigators yet

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Financial turmoil at SunEdison imperils solar projects worldwide

April 9, 2016 by · Leave a Comment 

In November, solar energy giant SunEdison Inc reported that its project pipeline had grown by 75 percent in just a year, the result of an aggressive growth strategy. Now, five months later, many of those projects are imperiled

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Financial turmoil at SunEdison imperils solar projects worldwide

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Marriott, Starwood Hotels stockholders approve deal

April 9, 2016 by · Leave a Comment 

Holders of more than 97 percent of Marriott shares and over 95 percent of Starwood shares voted in favor of the cash-and-stock deal, which was valued at $12.41 billion as of Thursday. China's Anbang Insurance Group Co last week abandoned its $14 billion offer for Starwood Hotels,

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Marriott, Starwood Hotels stockholders approve deal

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FanDuel and DraftKings shut down games in New York

March 21, 2016 by · Leave a Comment 

Top daily fantasy sports companies FanDuel and DraftKings agreed to stop taking money in New York on Monday, amid a months long fight with the state's attorney general over whether the games are illegal gambling. New York Attorney General Eric Schneiderman said the companies had agreed to immediately stop operating paid contests in the state and that an appeal of an injunction against the two companies would be heard in September. Schneiderman…

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FanDuel and DraftKings shut down games in New York

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IHS to buy data provider Markit, combined company to base in UK

March 21, 2016 by · Leave a Comment 

U.S.-based IHS Inc agreed to buy Markit Ltd to create a $13 billion London-based data and business research provider, in the latest example of a U.S. company moving its domicile overseas where corporate …

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IHS to buy data provider Markit, combined company to base in UK

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Smaller iPhone expected as Apple faces drop in phone sales

March 21, 2016 by · Leave a Comment 

By Julia Love CUPERTINO, Calif. (Reuters) – Apple Inc is expected to launch a smaller, cheaper iPhone on Monday aimed at emerging markets and possibly China, the world's biggest buyer of smartphones, as it looks to reverse a decline in worldwide sales of its most important product. The launch of such a phone – expected to be called the iPhone SE – would represent Apple's second bid for the crowded mid-tier market after an unsuccessful foray three …

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Smaller iPhone expected as Apple faces drop in phone sales

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Sheraton-owner Starwood accepts higher offer from Marriott

March 21, 2016 by · Leave a Comment 

Starwood Hotels and Resorts Worldwide Inc , owner of the Sheraton and Westin hotel brands, agreed to a higher $13.6 billion buyout offer from Marriott International Inc , spurning a proposal from China's Anbang Insurance Group. Marriott raised the cash portion of its offer to $21

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Sheraton-owner Starwood accepts higher offer from Marriott