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U.S. to continue appeal of iPhone data case in New York

April 9, 2016 by · Leave a Comment 

Just two weeks ago, the government dropped its effort to require Apple to crack an iPhone used by one of the shooters in the December attacks in San Bernardino, California, saying it had unlocked the phone without Apple's help. Some observers thought the government would back away from the New York case too, since the suspect has already pleaded guilty.

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U.S. to continue appeal of iPhone data case in New York

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Wells Fargo admits deception in $1.2 billion U.S. mortgage accord

April 9, 2016 by · Leave a Comment 

The settlement with Wells Fargo, the largest U.S. mortgage lender and third-largest U.S. bank by assets, was filed on Friday in Manhattan federal court. It also resolves claims against Kurt Lofrano, a former Wells Fargo vice president.

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Wells Fargo admits deception in $1.2 billion U.S. mortgage accord

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Global uncertainty, instability pose risk to China’s economic growth: NDRC

March 6, 2016 by · Leave a Comment 

BEIJING (Reuters) – The global economy remains uncertain and unstable, posing a risk to China's economic growth, the country's top economic planner said on Sunday.

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Global uncertainty, instability pose risk to China’s economic growth: NDRC

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Macy’s bets off-price stores within stores will drive traffic

February 24, 2016 by · Leave a Comment 

(Reuters) – Macy's Inc plans to open Backstage off-price stores within some existing Macy's, betting that the benefit of bringing new customers into stores outweighs the risk of diluting the company brand and undercutting sales of full-price items.

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Macy’s bets off-price stores within stores will drive traffic

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Fed’s Kashkari, in first speech, suggests radical Wall St. overhaul

February 16, 2016 by · Leave a Comment 

By Lindsay Dunsmuir and Jason Lange WASHINGTON (Reuters) – The U.S. Federal Reserve's newest policymaker and a former point man for the government's bailout of the financial industry on Tuesday called on lawmakers to take radical action to rein in banks and protect taxpayers. In his first speech as head of…

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Fed’s Kashkari, in first speech, suggests radical Wall St. overhaul

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Apollo Global’s ADT deal shows appetite for M&As still strong

February 16, 2016 by · Leave a Comment 

(Reuters) – Private equity firm Apollo Global Management LLC will buy ADT Corp in the biggest leveraged buyout so far this year to create a business with nearly a third of North America's electronic security products market.

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Apollo Global’s ADT deal shows appetite for M&As still strong

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Hedge funds place bets on Morgan Stanley; some exit Valeant

February 16, 2016 by · Leave a Comment 

NEW YORK/BOSTON (Reuters) – Top U.S. hedge fund management firms, including Dan Loeb's Third Point LLC, took new positions in Morgan Stanley during the fourth quarter, ahead of the bank's cost-cutting measures and bond-management reshuffling.

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Hedge funds place bets on Morgan Stanley; some exit Valeant

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Volkswagen faces Tuesday U.S. deadline for SUV emission repair plan

February 1, 2016 by · Leave a Comment 

WASHINGTON (Reuters) – Volkswagen AG faces a Feb. 2 deadline to submit a repair plan for 80,000 diesel SUVs and larger cars that emit excess pollution, even as it considers buying back some vehicles and a prior fix plan for smaller vehicles was rejected.

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Volkswagen faces Tuesday U.S. deadline for SUV emission repair plan

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Apple seeks India government approval to set up retail stores

January 20, 2016 by · Leave a Comment 

MUMBAI (Reuters) – Apple Inc has filed an application with the Indian government to set up its retail outlets in one of the fastest-growing smartphone markets, a spokesman for the Cupertino

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Apple seeks India government approval to set up retail stores

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AstraZeneca in talks to buy cancer drugmaker Acerta for $5 billion: WSJ

December 12, 2015 by · Leave a Comment 

Netherlands based-Acerta is developing cancer drugs that use the body's own defenses against the disease. On Monday, Acerta reported that 95 percent of patients with chronic lymphocytic leukemia positively responded to

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AstraZeneca in talks to buy cancer drugmaker Acerta for $5 billion: WSJ

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