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Anbang in talks with Kushner for New York building overhaul: source

January 8, 2017 by · Leave a Comment 

China's Anbang Insurance Group is in talks to invest in a project to redevelop a flagship New York City building owned by Kushner Companies, the family real estate business run by U.S. President-elect Donald Trump's son-in-law Jared Kushner, according to …

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Anbang in talks with Kushner for New York building overhaul: source

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U.S. sues Barclays, ex-executives for mortgage securities fraud

December 23, 2016 by · Leave a Comment 

The U.S. Department of Justice on Thursday sued Barclays Plc and two former executives on civil charges of fraud in the sale of mortgage-backed securities during the run-up to the 2008-09 financial crisis. The lawsuit was filed after Barclays resisted a penalty the U.S. government had sought in settlement negotiations, a person familiar with the matter said. Major U.S. banks, including JPMorgan Chase & Co and Bank of America Corp , have paid tens of millions of dollars to settle …

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U.S. sues Barclays, ex-executives for mortgage securities fraud

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Microsoft gets support in gag order lawsuit from U.S. companies

September 4, 2016 by · Leave a Comment 

By Dustin Volz WASHINGTON (Reuters) – Technology, media, pharmaceutical and other companies, along with major corporate lobbying groups, filed legal briefs on Friday in support of a Microsoft Corp lawsuit that aims to strike down a law preventing companies from telling customers the government is seeking their data. Microsoft's backers included the U.S. Chamber of Commerce, the National Association of Manufacturers, Delta Air Lines …

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Microsoft gets support in gag order lawsuit from U.S. companies

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Formula One sale to Liberty Media to go ahead next week: auto motor und sport

September 4, 2016 by · Leave a Comment 

A sale of Formula One to Liberty Media is to go ahead next week, the sport's commercial supremo Bernie Ecclestone told German trade magazine auto motor und sport on the sidelines of the Italian Grand Prix at Monza on Saturday. The magazine said that according to Ecclestone, Liberty Media will transfer the first of two tranches of payment in the $8.5 billion…

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Formula One sale to Liberty Media to go ahead next week: auto motor und sport

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Daimler plans at least six electric car models: source

September 4, 2016 by · Leave a Comment 

German carmaker Daimler plans to roll out at least six, and possibly as many as nine, electric car models as part of its push to compete with Tesla and Volkswagen's Audi, a person familiar with Daimler's plans told Reuters. The maker of Mercedes-Benz cars remains on track to unveil a new electric car at the Paris

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Daimler plans at least six electric car models: source

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U.S. crude breaks below $40/bbl as oil slumps 4 percent on glut worry

August 1, 2016 by · Leave a Comment 

NEW YORK (Reuters) – U.S. crude tumbled below $40 per barrel for the first time since April as oil prices fell nearly 4 percent on Monday on heightened worries of an oil glut after a survey suggested OPEC output reached record highs last month.

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U.S. crude breaks below $40/bbl as oil slumps 4 percent on glut worry

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Gawker Media founder to file for personal bankruptcy: source

August 1, 2016 by · Leave a Comment 

By Jessica DiNapoli (Reuters) – Gawker Media founder and CEO Nick Denton will file for personal bankruptcy protection as early as Monday after losing a fight in a Florida court for a shield against a judgment in a breach of privacy case involving professional wrestler Hulk Hogan, according to a…

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Gawker Media founder to file for personal bankruptcy: source

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Luxottica sues BCBG Max Azria over Wayfarer sunglasses trademark

June 9, 2016 by · Leave a Comment 

By Jonathan Stempel (Reuters) – Luxottica Group Spa , the maker of Ray-Ban sunglasses, has sued BCBG Max Azria Group LLC, accusing the fashion house of knowingly infringing its famous Wayfarer trademark. The complaint, filed on Wednesday with the U.S. District Court in Los Angeles, said BCBG Max Azria's unauthorized sale of infringing eyewear was

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Luxottica sues BCBG Max Azria over Wayfarer sunglasses trademark

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U.S. accuses Valeant’s Salix unit of kickbacks, false claims

June 9, 2016 by · Leave a Comment 

By Jonathan Stempel NEW YORK (Reuters) – The United States has joined a whistleblower lawsuit accusing the Salix unit of Valeant Pharmaceuticals International Inc of paying illegal kickbacks to doctors and submitting fraudulent reimbursement claims to the government. In a complaint made public on Thursday in the U.S. District Court in Manhattan, the government said Salix…

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U.S. accuses Valeant’s Salix unit of kickbacks, false claims

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U.S. reviewing suspension complaints in Tesla Model S cars

June 9, 2016 by · Leave a Comment 

U.S. auto safety investigators are reviewing reports of suspension problems in Tesla Motors Inc's Model S cars, a government spokesman said on Thursday. The NHTSA also said it had learned that Tesla had entered into what it called a “troublesome nondisclosure agreement” with a Tesla Model S owner who had suspension problems. A Tesla spokeswoman said she was looking into NHTSA's

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U.S. reviewing suspension complaints in Tesla Model S cars

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