TECHS-NEWS.COM: World News - Latest of The Day 15:00, 2019-07-14

After PNB, Allahabad Bank Alleges Rs 1,700 Crore Fraud By Indebted Firm

Allahabad Bank on Saturday became the second state-owned bank to report a major alleged fraud by bankrupt steelmaker Bhushan Power & Steel Ltd this month, adding to concerns about a banking industry......

After PNB, Allahabad Bank Alleges Rs 1,700 Crore Fraud By Indebted Firm

Source: ndtv.com

India's Allahabad Bank reports $259 mln alleged fraud by bankrupt steelmaker India's Allahabad Bank on Saturday became the second Indian state-owned bank to report a major alleged fraud by bankrupt steelmaker Bhushan Power & Steel Ltd this month, adding to concerns about a banking industry burdened with bad debts....
18:15, 2019-07-13

Allahabad Bank Falls On Detecting Fraud In Bhushan Power Loan Account Allahabad Bank share price: Allahabad Bank share price fell as much as 14.53 per cent on the BSE to Rs 40.30 after it informed exchanges on Saturday that it had detected a fraud of Rs 1,774.82 crore......
20:00, 2019-07-15

Case, Raids Against J&K Bank After Officials Unearth 177-Crore Loan Fraud The Anti-Corruption Bureau (ACB) on Thursday registered a case and conducted raids after unearthing a loan fraud worth over Rs 177 crore in Jammu and Kashmir Bank in Jammu, officials said....
04:30, 2019-06-28

Forensic Audit Found Rs 3,800 Crore Fraud, Says Punjab National Bank The Punjab National Bank (PNB) on Saturday said it had reported a borrowing fraud of Rs 3,805 crore ($556 million) in Bhushan Power & Steel Ltd's account to the Reserve Bank of India (RBI)....
10:30, 2019-07-07

Punjab National Bank Shares Fall On Detecting Fraud Worth Rs 3,805 Crore PNB share price: Shares of the government-owned lender Punjab National Bank fell as much as 11.31 per cent, from its previous close, to intraday low of Rs 72.50....
20:30, 2019-07-08

PNB, Allahabad Bank, 2 Other Lenders Fined For Non-Compliance With Norms While Punjab National Bank (PNB), Allahabad Bank and UCO Bank have been fined Rs 50 lakh each, Corporation Bank has been asked to pay a penalty of Rs 25 lakh....
14:30, 2019-07-03

Delhi BJP Alleges Rs 2,000 Crore Scam, AAP Hits Back BJP chief Manoj Tiwari on Monday claimed that there is a "scam" of Rs 2,000 crore in the construction of classrooms for Delhi government schools, an allegation rejected by Delhi Chief Minister Arvind......
21:30, 2019-07-01

Aiding 'organized crime': India alleges 22 audit violations by Deloitte, KPMG arm in fraud case India detected at least 22 violations of auditing standards by Deloitte Haskins & Sells and a KPMG affiliate while investigating a fraud at a financial company, leading it to seek a five-year ban on the auditors, according to government legal filings seen by Reuters....
18:30, 2019-06-13

Probe Agency Attaches Rs 110 Crore Assets Of Sugar Company In Fraud Case The Enforcement Directorate Tuesday said it has attached assets worth Rs 110 crore of Simbhaoli Sugars Limited, one of India''s largest sugar mills, in connection with a money laundering probe against......
12:45, 2019-07-02

U.S. charges four ex-executives at Canadian payments firm PacNet with fraud The U.S. Department of Justice on Thursday announced criminal charges accusing four former executives of the Canadian payment processor PacNet Services Ltd of running an international mail fraud scheme that cheated U.S. victims out of tens of millions of dollars a year....
03:00, 2019-06-21

RBI Imposes Rs 2 Crore Fine On Kotak Mahindra Bank The RBI said it decided to impose a penalty after reviewing the bank's reply to a notice seeking an explanation about why it had not complied with regulatory norms....
09:30, 2019-06-08

Unprecedented Rs 71,500-Crore Bank Frauds Reported In 2018-19: RBI In the last 11 fiscal years, a total of 53,334 cases of fraud were reported by banks involving a massive amount of Rs 2.05 lakh crore, according to data from the central bank. A total of 4,534 and......
17:15, 2019-06-03

Bank transfer fraud victims to get refunds under new code Bank account holders who are tricked into transferring money to fraudsters could be entitled to reimbursement under a new voluntary industry code coming into force from today....
20:15, 2019-05-28

Dino Morea And DJ Aqeel Summoned In Sterling Biotech Bank Fraud Case The Enforcement Directorate has summoned Bollywood actor Dino Morea and DJ Aqeel for questioning in the Sterling Biotech alleged bank fraud and money laundering probe case, officials said on Monday....
10:15, 2019-07-01

World Bank Court Orders Pak To Pay $6 Billion To Firm Over Mine Closure Pakistan will have to pay almost $6 billion in damages to a foreign gold mining firm whose dig was shut down by the government in 2011, the World Bank said Sunday....
16:30, 2019-07-14

JP Morgan buys health-care payments firm InstaMed in bank's biggest deal since financial crisis The $500 million-plus deal shows that the nation's largest bank views the fast-changing world of payments as a battleground worthy of aggressive wagers....
14:38, 2019-05-21

Jaguar Woes Add To Challenges For India's Most Indebted Empire Although Jaguar posted a net income of 119 million pounds ($151 million) this week, debt at owner Tata Motors Ltd. has grown to almost $14 billion, as it struggles to tide over a demand slump in......
11:45, 2019-05-22

Heavily indebted Pemex says will merge units to save money The board of heavily indebted Mexican state oil company Pemex [PEMEX.UL] has unanimously approved a merger of four of its subsidiaries into two units, the company said in a statement on Friday....
10:15, 2019-06-29

Allahabad High Court Judge Writes To PM Modi On Nepotism In Appointments Allahabad High Court Judge Rang Nath Pandey has written a letter to Prime Minister Narendra Modi, alleging "nepotism and casteism" in the appointment of judges to High Courts and the Supreme Court....
16:30, 2019-07-03

Reserve Bank Of India Removes Charges On NEFT/RTGS Bank Transactions The Real Time Gross Settlement System (RTGS) is meant for large-value instantaneous fund transfers while the National Electronic Funds Transfer (NEFT) System is used for fund transfers up to Rs 2......
19:00, 2019-06-06

Deutsche Bank plans radical overhaul with €50bn hived off to 'bad bank' – reports The struggling German lender will move poorly performing assets and drastically shrink its investment banking arm, the FT saysDeutsche Bank has drawn up plans for a radical restructuring which will involve the creation of a “bad bank” to hold tens of billions of euros of toxic assets and a round of ...
07:00, 2019-06-17

Deutsche Bank to quit equities, shrink investment bank in 7.4 bln euro overhaul Deutsche Bank said on Sunday it plans exit its global equities business and scale back its investment bank in a sweeping, 7.4 billion euro overhaul designed to turn around the struggling German flagship lender....
18:45, 2019-07-07

Russia's Vostochny Bank capital fell below key threshold last month- c.bank Russia's central bank warned on Friday that Vostochny Bank's capital adequacy ratio briefly dipped below a critical level last month, a sign of balance sheet problems at the lender amid a battle for control between shareholders....
18:15, 2019-07-12

Deutsche Bank CEO to invest 25% of fixed salary in bank's shares: source Deutsche Bank Chief Executive Officer Christian Sewing is planning to invest a quarter of his fixed salary in the bank's shares, a person with knowledge of the matter said on Tuesday....
14:30, 2019-07-09

CITIC Bank Private Bank: Success = Technology + Human Touch CITIC Private Bank is leading Chinese private wealth managers in the adaptation of technology, but it is not forgetting the most important element of customer service and the notion that each App Must Have the Warmth of the Human Touch!...
01:30, 2019-05-22

Deutsche Bank CEO readies investment bank cuts as stock hits low Deutsche Bank's chief executive is prepared to make "tough cutbacks" in its investment banking business, whose future is in doubt after several failed restructurings, in order to be profitable and competitive....
12:30, 2019-05-23

Deutsche Bank CEO pledges tough investment bank cuts as shares hit low Deutsche Bank's chief executive promised shareholders "tough cutbacks" at its underperforming investment bank on Thursday as he battled to convince them he can turn around Germany's biggest lender, whose shares hit a record low....
18:45, 2019-05-23

WRAPUP 1-Loan growth fuels profit beat at Royal Bank of Canada, TD Bank Royal Bank of Canada and Toronto-Dominion Bank beat analysts' estimates for quarterly profits on Thursday, as strong loan growth boosted their retail banking businesses and interest income....
16:30, 2019-05-23

Chinese central bank steps up liquidity support for smaller lenders after Baoshang Bank takeover The People's Bank of China signaled its readiness to supply smaller banks with a steady stream of cash after the takeover of a troubled lender, letting more banks the funds and boosting liquidity to the system....
11:15, 2019-06-06

Deutsche Bank is about to undergo its biggest restructuring ever. Here's what we know about what's going on at the German bank. Reuters/Kai Pfaffenbach Deutsche Bank CEO Christian Sewing is expected to announce a sweeping overhaul of Germany's biggest bank after a supervisory board meeting on Sunday. The restructuring will reportedly focus on its US business and could include the cutting of 15,000 to 20,000 jobs. We've outl...
15:15, 2019-07-06

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17:15, 2019-05-30

Deutsche Bank may create 'bad bank' for high-risk assets Germany's largest lender is planning to isolate up to €50 billion in high-risk assets, reported the Financial Times. The bank's chief executive has vowed to restore sustainable profitability to the ailing lender....
00:45, 2019-06-18

Exit of Deutsche Bank's investment bank chief marks end of era The head of Deutsche Bank's investment bank agreed to step down on Friday in a sign of the division's waning influence as Germany's largest lender prepares a multi-billion dollar restructuring aimed at reversing a decline in its fortunes....
18:00, 2019-07-05

Deutsche Bank's bank capital debt back in the red, CDS decline Deutsche Bank's capital boosting Additional Tier I debt issues dropped back into the red on Monday, giving away gains made in early trade following news of the German lender's planned overhaul over the weekend....
12:15, 2019-07-08

Deutsche Bank to reportedly set up 50 billion euro bad bank; shares pop over 3% Deutsche Bank is planning to overhaul its trading operations by creating a "bad bank" to hold tens of billions of euros of assets, the Financial Times reported on Sunday....
16:00, 2019-06-17

U.S. regulators ask Deutsche Bank to explain 'bad bank' proposal: FT U.S. regulators have sought explanation from Deutsche Bank AG about its "bad bank" proposal and its impact on U.S. operations at the loss-making German lender, the Financial Times reported on Monday....
09:15, 2019-06-24

Deutsche Bank CEO Signals More Cuts to Investment Bank Chief Executive Christian Sewing signaled the lender will shrink its investment bank as it struggles to stabilize the business and regain support from investors who have pushed its shares to record lows....
12:15, 2019-05-23

Deutsche Bank to set up 50 billion euro bad bank in revamp Deutsche Bank is planning to overhaul its trading operations by creating a so-called bad bank to hold tens of billions of euros of non-core assets, a source close to the matter said on Monday....
19:15, 2019-06-17

Deutsche Bank to set up 50 billion euro bad bank: source Deutsche Bank is planning to overhaul its trading operations by creating a so-called bad bank to hold tens of billions of euros of non-core assets, a source close to the matter said on Monday....
12:00, 2019-06-17

Deutsche Bank U.S. Operations Chief to Leave Bank Deutsche Bank AG’s chief operating officer for the Americas, Kate Clifford, has quit after a little more than a year in the role, according to people familiar with the matter....
23:15, 2019-06-04

U.S. regulators ask Deutsche Bank to explain "bad bank" proposal -FT U.S. regulators have sought explanation from Deutsche Bank AG about its "bad bank" proposal and its impact on U.S. operations at the loss-making German lender, the Financial Times reported on Monday....
09:45, 2019-06-24

Deutsche Bank to set up 50 billion euro bad bank: FT Deutsche Bank is planning to overhaul its trading operations by creating a "bad bank" to hold tens of billions of euros of assets and shrinking or shutting its U.S. equity and trading businesses, the Financial Times reported on Sunday....
03:45, 2019-06-17

UPDATE 1-Deutsche Bank to set up 50 bln euro bad bank -FT Deutsche Bank is planning to overhaul its trading operations by creating a "bad bank" to hold tens of billions of euros of assets and shrinking or shutting its U.S. equity and trading businesses, the Financial Times reported on Sunday....
06:00, 2019-06-17

Texas congresswoman alleges ‘cover-up’ at border stations CLINT, Texas — A congresswoman says that the Department of Homeland Security is engaged in a “cover-up” in response to an Inspector General’s report that found poor conditions and “dangerous overcrowding” at Texas border stations. KVIA-TV reports that a senior member of...
12:00, 2019-07-09

Legal document alleges EU migrant ‘crimes against humanity’ PARIS (AP) — More than 40,000 people have been intercepted in the Mediterranean and taken to detention camps and torture houses under a European migration policy that is responsible for crimes against humanity, according to a legal document that is asking the International Criminal Court to take the...
03:30, 2019-06-03

NYC schools investigator alleges he was denied promotion because of race Thomas Chin claims in his Manhattan federal suit that his bosses at the Special Commissioner of Investigation’s Office routinely passed him over, despite a stellar track record of investigating sexual-abuse cases involving students....
07:15, 2019-07-14

Venezuelans protest after UN report alleges deaths and cover-ups On Venezuela's national Independence Day, rival demonstrations kicked off in the capital city Caracas, fueled by a new UN report describing political detentions and thousands of extrajudicial killings in the country....
02:45, 2019-07-06

Goldman sued by gay former executive who alleges firing was discriminatory Goldman Sachs has been sued by William Littleton, a former vice president who alleges sexual orientation discrimination. Littleton had been a leader of the Wall Street bank's LGBTQ network....
23:15, 2019-06-05

Ex-Texans security coordinator alleges firing discrimination HOUSTON (AP) — The former security coordinator for the Houston Texans has filed a discrimination complaint with the Equal Employment Opportunity Commission, alleging his firing by the team was racially motivated. Jeff Pope, who worked for the team for nearly three years, was dismissed last month. Th...
00:15, 2019-06-14

Legal document alleges EU migrant 'crimes against humanity' More than 40,000 people have been intercepted in the Mediterranean and taken to detention camps and torture houses under a European migration policy that is responsible for crimes against humanity, according to a legal document Monday asking the International Criminal Court to take the case....
06:30, 2019-06-03

Ex-US Marine Alleges "Threats, Abuse" In Russian Jail A former US Marine arrested on spying charges in Moscow says he is subjected to abuse and harassment in jail, but a diplomat warned Saturday a potential prisoner swap will not happen before a......
04:15, 2019-05-26

Former Oklahoma student alleges university misreported data OKLAHOMA CITY (AP) — A former University of Oklahoma student is seeking class-action status for her federal lawsuit against the school for misreporting data used to nationally rank the university. The lawsuit was filed Tuesday in federal district court in Oklahoma City on behalf of Elani Gretzer, a ...
18:30, 2019-05-30

Heckled By BJP Workers, Car Vandalised, Alleges Trinamool Congress Leader Trinamool Congress MLA Udyan Guha alleged that he was heckled by BJP activists in West Bengal's Cooch Behar district on Sunday and his car vandalised as he was on his way to a party programme....
01:45, 2019-07-01

Former Kirchner accountant alleges presidential couple stole up to US$10 billion The former accountant of ex-presidents Néstor Kirchner and Cristina Fernández de Kirchner was granted a plea bargain in March. His television appearance comes as rumours intensify about Fernández de Kirchner's intention to run for the presidency....
14:32, 2019-05-21

BJP Buying Lawmakers With Notes Ban Cash, Alleges Digvijaya Singh Senior Congress leader Digvijaya Singh on Friday claimed the ruling Bharatiya Janata Party had made so much money during demonetisation that it was now "buying" MLAs....
19:00, 2019-07-12

Magazine Columnist Alleges Trump Raped Her At A Store Two Decades Ago E. Jean Carroll, a New York-based writer and longtime women's advice columnist, accused President Donald Trump of sexually assaulting her more than two decades ago in a dressing room of an upscale......
12:00, 2019-06-22

Bloomberg alleges Huawei routers and network gear are backdoored Enlarge / PORTUGAL - 2019/03/04: 5G logo is seen on an android mobile phone with Huawei logo on the background. (credit: Omar Marques/SOPA Images/LightRocket via Getty Images) Vodafone, the largest mobile network operator in Europe, found backdoors in Huawei equipment between 2009 and 2011, report...
15:01, 2019-05-21

A Former Business Partner Alleges the Trumps Evaded Taxes in Panama The accusations, in a legal filing by the owners of a luxury hotel, escalate a dispute with the president’s company and are fraught with potential diplomatic and legal complexities....
04:45, 2019-06-04

Sex-toy company alleges 'sexism' and 'censorship' in lawsuit over blocked NYC subway ads A startup company that manufactures sex toys for women filed a lawsuit Tuesday against the operator of New York City's subway system, accusing the state-run Metropolitan Transportation Authority of sexism and illegal censorship for refusing to run its ads since November....
07:45, 2019-06-19

Lawsuit alleges Carrie Underwood copied ‘Game On’ NFL intro NEW YORK (AP) — A songwriting team is suing singer Carrie Underwood, the NFL and NBC, saying they stole a song and used it to introduce “Sunday Night Football” last season. The lawsuit was filed Wednesday in Manhattan federal court over the song “Game On.” It sought unspecifi...
00:30, 2019-06-20

EU alleges Russian disinformation in vote, calls on tech firms to do more Russian online outlets spread disinformation in an effort to sway voters in last month's European Union elections, the bloc said on Friday in a report calling for social media firms to do more to counter such efforts or face regulation....
17:30, 2019-06-14

PA man alleges he was ambushed at same Dominican Republic resort as Delaware woman A Pennsylvania man raised allegations earlier this week that he was ambushed while on vacation at the same Dominican Republic resort when a Delaware woman claimed she was attacked and beaten by a hotel employee....
23:00, 2019-06-22

Akhilesh Yadav Meets Governor, Alleges "Jungle Raj" Prevailing In UP Alleging that "jungle-raj" was prevailing in Uttar Pradesh, Samajwadi Party president Akhilesh Yadav met Governor Ram Naik on Saturday over the poor law and order situation and asked him to "wake up"......
11:30, 2019-06-15

Kolkata Policeman Suspended After Ex-Miss India Alleges Harassment The sub-inspector of a Kolkata police station was suspended and two other policemen show caused after former Miss India Ushoshi Sengupta alleged inefficiency of the police after she was harassed and......
19:30, 2019-06-19

Health non-profit, top surgeon defrauded millions from government, complaint alleges Sanford Health and one of its most lucrative surgeons have been accused of defrauding the federal government out of millions of dollars.        ...
23:15, 2019-06-28

YouTube pulls ads from right-wing pundit after journalist alleges anti-gay harassment Amid backlash and policy updates, YouTube announced yesterday that it will demonetize videos published by right-wing commentator Steven Crowder.        ...
19:45, 2019-06-06

Zion Williamson sues marketing company, alleges state law violation The former Duke star is suing to terminate his contract with Prime Sports Marketing LLC, saying the agency violated North Carolina's sports agent law.       ...
06:45, 2019-06-14

Top Court To Examine Abortion Laws After Plea Alleges Violation Of Rights The Supreme Court Monday agreed to examine the constitutional validity of certain legal provisions that allow abortion only to save the woman's life or in case of abnormal foetus and allegedly violate......
17:00, 2019-07-15

National Probe Agency Alleges Kashmiri Separatists Got Funds From Abroad The National Investigation Agency (NIA) has alleged that its probe into terror financing in Jammu and Kashmir revealed that hardline separatists received funds from abroad and utilised them for......
02:45, 2019-06-17

GST Collections Rise 6.67% To Rs 1,00,289 Crore In May The revenue in May 2019 is 2.21 per cent higher than the monthly average of GST revenue in FY 2018-19 (Rs 98,114 crore)," the official statement said....
16:00, 2019-06-01

All-India Doctors' Strike Today, AIIMS Alleges Doctor Abused: 10 Points A massive strike by doctors across the country today - to be held in solidarity with doctors in West Bengal who agreed for talks with the government after six days of protest - will hit medical......
07:30, 2019-06-17

Black Woman Alleges She Was Denied Service, Forced to Give Up Her Seat for White Men Welcome to 2019: Where our president is racist, our college campuses aren’t far behind, and black people are apparently still expected to give up their seat to white folks....
20:15, 2019-06-28

Apple Is Selling Your iTunes Listening Data Despite Its Privacy Claims, a Lawsuit Alleges (Bloomberg) — Apple Inc. was sued by customers who claim the company is unlawfully disclosing and selling information about people’s iTunes purchases as well as their personal data, contrary to the company’s promise in advertising that “What happens on your iPhone stays on yo...
03:15, 2019-05-26

Lokpal Gets Over Rs 100 Crore In Budget 2019 Anti-corruption ombudsman Lokpal has got over Rs 100 crore Budget allocation, whereas Rs 35.55 crore outlay has been earmarked for the probity watchdog Central Vigilance Commission (CVC) for 2019-20....
19:15, 2019-07-05

Women Rappers Drag Jermaine Dupri By His Nose Hairs After He Alleges They All Sound 'Like Strippers' I have gone this far in 2019 without wondering even once what Jermaine Dupri thought about anything. Unfortunately, on Thursday, that streak came to an end when Dupri decided to share a wadded up Kleenex masquerading as a thought on his feelings about women rappers....
01:15, 2019-07-13

Christian student group sues university for 'equal access,' alleges religious discrimination A prominent Christian student group is suing its university to ensure "equal access" like other student groups on campus, alleging anti-Christian discrimination....
23:30, 2019-07-12

Macri, Judiciary using Florencia Kirchner as hostage to stifle CFK candidacy: Alberto Fernández alleges 'Cristina Kirchner is the best candidate' to defeat President Mauricio Macri at the October presidential election, her former Cabinet Chief Alberto Fernández says....
14:32, 2019-05-21

Plea Against Indiabulls Housing For Misappropriating Rs 98,000 Crore The petition alleged that money worth thousands of crores were siphoned off by Sameer Gehlaut, the chairman of the firm, and the directors of Indiabulls for their personal use...
19:30, 2019-06-10

Jal Shakti Ministry Gets Rs 28,261 Crore Budget Allocation The Jal Shakti Ministry, which is executing the government's mission to provide clean and piped drinking water to every household in the country, has been earmarked Rs 28,261.59 crore in the budget......
19:15, 2019-07-05

Centre Increases "Green" Budget To Rs 2,954 Crore The Centre on Friday increased the allocation for Environment Ministry from last fiscal by 10.4 per cent to Rs 2,954.72 crore for 2019-20 in what was termed as a "green budget" by Prime Minister......
19:15, 2019-07-05

PM's New Outreach To Minorities: Scholarships For 5 Crore Students The Narendra Modi government has set a new target - to give out scholarship worth Rs 5 crore for the education of minorities over the next five years. Various scholarships - for before and after......
18:00, 2019-06-11

Carnival Cruise Line wouldn't let passenger off ship after 'major' heart attack, lawsuit alleges The world's largest cruise operator is being sued by the family of a 65-year-old passenger who died after allegedly not being allowed off the ship to receive medical treatment for a heart attack....
16:01, 2019-06-13

Retail tycoon Philip Green charged with assault after pilates teacher alleges inappropriate touching The British retail tycoon Philip Green has been charged with four counts of misdemeanor assault in the United States after an Arizona pilates instructor accused him of repeatedly touching her inappropriately....
01:15, 2019-06-01

Government Aims To Build 1.95 Crore Houses Under PM's Scheme Finance Minister Nirmala Sitharaman Friday said the government will build 1.95 crore houses under the Pradhan Mantari Awas Yojna (PMAY) - Gramin over the next two years....
11:45, 2019-07-05

Assets Worth Rs 209 Crore Attached In IMA Ponzi Scam The Enforcement Directorate on Friday attached assets worth Rs 209 crore in its money laundering probe into a ponzi scam involving Karnataka's IMA group, in which thousands of depositors have......
10:30, 2019-06-28

Army Spent Rs 1.24 Crore On Its Dog Squad In 2018-19: Centre The Army incurred Rs 1.24 crore on its dog squad for training, food and expenses such as medicines during 2018-19, Minister of State in the Defence Ministry Shripad Naik said on Wednesday....
23:45, 2019-07-03

UP Approves Rs 894 Crore For Resettlement Of Displaced For Jewar Airport The Uttar Pradesh cabinet on Tuesday approved a proposed bid document for Jewar Airport in Noida and sanctioned Rs 894 crore for the resettlement and rehabilitation of displaced families, an official......
18:30, 2019-05-28

Defence Budget Remains Unchanged At Rs 3.18 Lakh Crore The defence budget remained unchanged at Rs 3.18 lakh crore, the amount set aside in the interim budget in February, notwithstanding expectations of steep hike in resources to modernise the armed......
16:45, 2019-07-05

300 Quintals Of Waste Cleaned After Rs 200-Crore Weddings In Uttarakhand A huge pile of garbage that was left behind at a pristine hill station in Uttarakhand after a grand wedding ceremony of two sons of South Africa-based businessmen has been cleaned, Municipal......
04:30, 2019-07-01

Income Tax Department Asked To Add 1.30 Crore New Filers This Fiscal The income tax department has been tasked to add 1.30 crore new return filers in the current financial year as part of the government's plan to widen the tax base in the country....
22:30, 2019-07-06

Tribal Affairs Ministry Gets Rs 800 Crore Hike In Budget The budgetary allocation for the Tribal Affairs Ministry for 2019-20 has been hiked by around 15 per cent, with the central government focusing on critical infrastructure projects for the welfare of......
19:15, 2019-07-05

Defence Products' Exports To Exceed Rs 35,000 Crore Target With the growing trend of shipments in recent years, exports of defence products will exceed the Rs 35,000 crore target by 2024-25, an official said....
15:00, 2019-07-14

With Rs 680 Crore, Industrialist Jayadev Galla Among Richest Candidates Jayadev Galla, a Telugu Desam Party (TDP) lawmaker in Andhra Pradesh, has declared assets worth over Rs 680 crore, which makes him one of the richest candidates in the national election....
18:30, 2019-05-21

Japan To Invest Rs 13,000 Crore In Infrastructure Projects In Northeast Japan has decided to invest Rs 13,000 crore (205.784 billion Yen) in several ongoing and new projects in the Northeast, an official statement said on Friday....
01:00, 2019-06-15

Lawsuit Alleges Buffalo Wild Wings Managers Gave the Green Light to Refuse Black Customers Perhaps you’ve heard the stories about how black people don’t tip, without deconstructing the reasoning as to why that might be. Or perhaps you’re just one of many racist managers at Buffalo Wild Wings who’ve relied on this stereotype to justify refusing black customers....
17:30, 2019-05-22

National Beverage craters after a new lawsuit alleges the company made false claims about chemicals in LaCroix cans (FIZZ) National Beverage Corp. shares slid on the news that a lawsuit has been filed against its beverage company LaCroix. The lawsuit claims the president of National Beverage planned to prematurely state LaCroix cans were BPA free. National Beverage denied the claims. This is the second lawsuit filed a...
03:30, 2019-06-12

Punjab Constable Wins Rs 2 Crore Lottery, Says It Changed His Life Punjab Police constable Ashok Kumar won state government's New Year Lohri Bumper draw by winning the bumper prize of Rs 2 crore, it was announced on Sunday....
17:15, 2019-06-23

Cash-Strapped Jammu University Receives Rs 100 Crore Grant This is the second time the Jammu university has been granted funds under the holistic scheme of RUSA. Earlier it was granted Rs 20 crore by the Education Ministry....
17:45, 2019-06-01

TCS Kicks Off Earnings Season With Rs 8,131 Crore Profit In June Quarter TCS Share Price: Tata Consultancy Services' (TCS) net profit rose 0.06 per cent to Rs 8,131 crore compared with net profit of Rs 8,126 crore during the previous quarter....
19:00, 2019-07-09

"Deposit 18,000 Crore For Travel Abroad": Court To Jet's Naresh Goyal If Naresh Goyal, founder of the cash-strapped Jet Airways, wants to go abroad, he should first deposit as guarantee Rs 18,000 crore his company owes to lenders, the Delhi High Court observed Tuesday......
18:15, 2019-07-09

Claims Worth Over Rs 1.73 Lakh Crore Settled Under IBC: Economic Survey A total of 6,079 cases involving a total amount of Rs 2.84 lakh crore were withdrawn before admission under provisions of the Insolvency and Bankruptcy Code (IBC) till February 28...
13:30, 2019-07-04

Railways Gets Rs 65,837 Crore, Budget Focus On Public-Private Partnership Railways received a budgetary allocation of Rs 65,837 crore and highest ever outlay for capital expenditure amounting to Rs 1.60 lakh crore in the Budget for the year 2019-20 presented on Friday,......
03:00, 2019-07-06

Centre To Earn Rs 25,000 Crore From Customs, Excise Duties Hike The government will earn a net Rs 25,000 crore from the increase in customs and excise duty on a host of products, including cigarettes, while the surcharge on super-rich would help garner additional......
19:15, 2019-07-05

Heroin Worth Rs 25 Crore Recovered Near International Border In Jammu The Border Security Force (BSF) Thursday recovered five kilograms of heroin worth Rs 25 crore near the International Border (IB) in Jammu and Kashmir, foiling an attempt by the drug traffickers to......
22:00, 2019-06-20

Opposition Leaders Link Maharashtra Minister To 340 Crore Scam Opposition leaders on Thursday staged a protest, accusing Maharashtra Revenue Minister Chandrakant Patil of involvement in a "Rs 342 crore scam" pertaining to two land deals in Pune district....
20:30, 2019-06-27

Infosys Beats Estimates In June Quarter With Rs 3,802 Crore Profit Infosys, the country's second largest software services company, on Friday reported a net profit of Rs 3,802 crore for the quarter ended June 30. That marked a decline of 6.76 per cent compared to the......
00:00, 2019-07-13

Court Orders Nirav Modi, Aides To Pay Over Rs 7,200 Crore, With Interest The Debt Recovery Tribunal in Pune on Saturday directed fugitive diamond merchant Nirav Modi, who is currently lodged in a London prison, and his aides to pay more than Rs 7,200 crore with interest to......
17:45, 2019-07-06

Top Court To Hear Case Against LIC For "Duping" 5 Crore Policy Holders A non-profit organization engaged in promoting financial literacy has moved the Supreme Court, alleging cheating, especially of senior citizens, by the Life Insurance Corporation (LIC) through its......
06:15, 2019-07-05

Shocking Letter Offers "1 Crore" For "Capture" Of Mamata Banerjee The full text of the letter describes Bengal Chief Minister Mamata Banerjee as a "demon" and a "jihadi" and offers the Rs 1 crore reward to anybody who has knowledge or information of the Chief......
00:00, 2019-06-10

Political Ad Spend Hits Rs 27.7 Crore On Facebook As Lok Sabha Polls End Led by the ruling Bharatiya Janata Party (BJP), political parties in India spent a total of Rs 27.73 crore on Facebook for posting political ads on the platform as the seven-phase general election......
19:30, 2019-05-21

Government Aims To Raise Rs 15,000 Crore By Stake Sales: Report Finance Minister Nirmala Sitharaman set an ambitious target of Rs 1.05 lakh crore ($15.33 billion) from the sale of stakes in state-run companies, compared with Rs 85,000 crore the previous year, in......
20:30, 2019-07-08

Richest Poll Candidate, Worth Rs 1,107 Crore, Loses His Deposit The richest candidate in the Lok Sabha elections -- Ramesh Kumar Sharma, an Independent from the Patliputra seat in Bihar who declared over Rs 1,107 crore -- lost his deposit as he could manage only......
01:30, 2019-05-26

Union Budget: Over Rs 17,800 Crore Allocated To External Affairs Ministry Over Rs 17,800 crore has been earmarked for the Ministry of External Affairs in the 2019-20 Budget, an increase of more than Rs 2,800 crore over the previous fiscal, with a massive jump in aid......
19:15, 2019-07-05

Pak PM Imran Khan Has Assets Worth Over 10 Crore, Also Owns 4 Goats Pakistan Prime Minister Imran Khan has assets worth Rs 10.8 crore, operates three foreign currency accounts and owns four goats, the election commission said on Tuesday....
02:00, 2019-07-03

Odisha Railway Sector Allocated Rs 5993 Crore, Highest Ever The Union budget 2019-20 has allocated Rs 5993 crore for the railway sector of Odisha, registering an increase of Rs 741 crore from the last year's outlay, a railway official said on Wednesday....
00:30, 2019-07-11

Open Defecation At Uttarakhand's Rs 200-Crore Weddings, Guptas Fined The ski resort of Auli in Uttarakhand, the scene of the high profile weddings of two sons of South Africa-based businessmen Gupta brothers, has been cleaned, top officials of the Joshimath......
19:30, 2019-06-30

Reliance Capital Redeems Commercial Paper Worth Rs 875 Crore The company also said that credit rating agency ICRA has revised the ratings on its short-term debt programme of Rs 950 crore to A4 on April 26, 2019....
19:15, 2019-06-21

Bridgestone To Invest Over Rs. 350 Crore In India To Expand Indore Plant With this expansion, the capacity of the Indore plant will go up to over 20,000 tyres a day by 2020.This expansion will enable Bridgestone India to meet the increased demand for its products....
16:30, 2019-07-10

Meghalaya Ordered To Pay 100 Crore Fine, Allowed To Restart Coal Mining Meghalaya has been ordered to deposit Rs 100 crore in fines, imposed by the National Green Tribunal (NGT), for failing to curb illegal coal mining in the state...
12:30, 2019-07-03

IMA Scam SIT Arrests Muslim Cleric Who Was Allegedly Gifted 3 Crore House A prominent Muslim cleric was arrested yesterday by the Special Investigating Team (SIT) probing the Rs 15,000-crore IMA Jewels scam. He claimed he was "in no way connected with the IMA"...
10:30, 2019-07-12

Heroin Worth 600 Crore Seized From Pak Fishing Vessel Off Gujarat Coast Heroin worth Rs 600 crore was seized from a Pakistani fishing vessel off the coast of Gujarat on Tuesday, the Indian Coast Guard said in a statement....
03:00, 2019-05-22

Investment Of Rs 50 Lakh Crore Planned For Railways By 2030: Piyush Goyal Union Railways Minister Piyush Goyal Saturday said the government was eyeing investment of Rs 50 lakh crore in railways by the year 2030 to make it the best in the world....
10:30, 2019-07-07

Budget 2019: Centre To Pump In Rs 70,000 Crore In State-Owned Banks To strengthen financial health of public sector banks (PSBs), Finance Minister Nirmala Sitharaman Friday said the government will pump in Rs 70,000 crore to boost their lending capacity....
03:00, 2019-07-06

Kamal Nath Seeks Rs 800 Crore From Centre To Tackle Crime Against Women Madhya Pradesh Chief Minister Kamal Nath has met Home Minister Amit Shah and asked him to release over Rs 800 crore as central grant to check crime against women and children in his state more......
04:15, 2019-06-18

Rs 100 Lakh Crore Spending Push In India Tops Agenda Of Modi 2.0 With revenues under strain, the government is borrowing more and seeking to extract additional capital from the central bank. Any further widening in the fiscal deficit would jeopardize the nation's......
10:30, 2019-05-24

Mutual Funds Outflow At 1.60 Lakh Crore In June: Industry Body In recent months, the mutual fund industry has been grappling with redemption pressure in the wake of debt crises at various groups, including IL&FS, Essel and DHFL...
20:30, 2019-07-08

Anil Ambani In Talks To Sell Radio Unit For Rs 1,200 Crore: Report The planned exit from the radio business is part of efforts by Anil Ambani, 59, to cut wider group liabilities after a debt-fueled expansion in the past decade strained finances, while a subsequent......
04:30, 2019-05-28

Circular Economy Can Generate 1.4 crore Jobs In 5-7 Years: NITI Aayog CEO Circular economy has potential to create nearly one-and-half crore jobs in next five to seven years and create lakhs of new entrepreneurs, NITI Aayog CEO Amitabh Kant said in Delhi on Monday....
05:30, 2019-06-18

Government's 14,000-Crore-Rupee Plan To Curb Road Accidents Across India A Rs 14,000 crore project has been prepared by the government to identify accident black spots and plug gaps in highways to reduce casualties, Road Transport and Highways Minister Nitin Gadkari said......
12:45, 2019-07-11

Link To Bihar's Encephalitis Deaths Affects Rs 100 Crore Litchi Business The luscious litchi has become an uncanny victim of unsubstantiated claims, which have affected both its cultivators as well as sellers in a place where it is abundantly grown....
19:00, 2019-06-29

What’s a Bad Bank and How Can It Help Deutsche Bank? When a lender is in trouble and decides to switch strategy, the solution can be what’s commonly referred to as a “bad bank.” It’s a plan that Deutsche Bank AG is said to be studying to help it return to profit by reducing its focus on investment banking. But while the idea might sound simple, carryi...
09:30, 2019-07-06

Rs 15 Lakh Crore Highways To Make Khadi, Industries Global: Nitin Gadkari A go getter in PM Modi's cabinet, Union Minister Nitin Jairam Gadkari in his second innings has lined up big plans - from infusing Rs 15 lakh crore in highways to propelling GDP growth by globalising......
17:30, 2019-06-05

Rail Infrastructure Requires Rs 50 Lakh Crore Till 2030: Nirmala Sitharaman "These along with other such initiatives such as Udaan scheme will improve India''s infrastructure, enable connectivity, and bridge the rural and urban divide," said Nirmala Sitharaman....
11:45, 2019-07-05

"Biggest-Ever Drug Haul": Heroin Worth Rs 2700 Crore Seized In Punjab In its biggest ever narcotics haul, the Customs Department seized 532 kg of suspected heroin worth Rs 2,700 crore, which was smuggled into India from Pakistan in a truck through trade route at the......
19:30, 2019-06-30

Man arrested for fraud, theft in Sahuarita SAHUARITA – A man was taken into custody Thursday in connection to a vehicle theft that occurred April 21 in the parking lot of a grocery store in Sahuarita. Sahuarita Police Department investigated an incident where a suspect allegedly stole credit and debit cards, and several other items fro...
00:45, 2019-05-31

100-Crore Worth Brown Sugar Seized In Manipur, Biggest Drug Bust In State An illegal drugs manufacturing factory was busted at Lilong Dam in Manipur's Thoubal district and 111.2 kg of brown sugar, worth over Rs 100 crore in the international market, was seized, police said......
11:30, 2019-06-30

After years of right-wing harassment, journalist alleges YouTube is 'catering to monsters' After an investigation, YouTube announced yesterday that Steven Crowder will not be blocked from the video platform.        ...
01:30, 2019-06-06

Facebook met with Dutch regulators over ad fraud: lawyer Facebook is in talks with Dutch regulators about how to stop criminals who place advertisements for scam products on the internet company's platform, a lawyer said on Wednesday....
06:30, 2019-06-06

Three more former Abraaj executives face U.S. fraud charges U.S. prosecutors on Thursday unveiled criminal charges against three more former executives of collapsed Dubai private equity firm Abraaj Capital Ltd, accusing them of taking part in a massive international scheme to defraud investors....
21:15, 2019-06-13

AT&T will automatically block fraud calls for new customers AT&T is making quick use of FCC rules explicitly allowing carriers to block robocalls by default. The network will start automatically blocking fraud calls (and issuing suspected spam call alerts) for new phone customers as a matter course, at n......
04:15, 2019-07-10

Tucson man sentenced for Medicare fraud scheme TUCSON – A licensed podiatrist was sentenced on Friday to 24 months in prison for his role in a scheme that defrauded Medicare out of thousands of dollars. Officials say Loren Wessel, 55, of Tucson admitted to submitting false claims to Medicare from 2008 through June 2016. Wessel provided podiatry ...
23:30, 2019-05-21

New code will protect payment fraud victims Consumers that have been tricked into transferring money to fraudsters could be entitled to reimbursement thanks to a new voluntary industry code that recently came into force.Under the new code, victims will be able to get their money back in cases where neither they nor the bank has done anything ...
03:45, 2019-05-29

India's PNB says detects 38 billion rupee fraud India's state-run Punjab National Bank (PNB) on Saturday said it had reported a borrowing fraud of 38.05 billion Indian rupees ($556 million) in Bhushan Power & Steel Ltd's account to the country's central bank....
21:30, 2019-07-06

Brees awarded $6M in diamond fraud lawsuit A jury has awarded more than $6 million to Saints quarterback Drew Brees in a lawsuit that claimed a San Diego County jeweler sold him overpriced diamonds....
12:30, 2019-06-22

Exchanges Shy Away From Mini-IPOs After Fraud Concerns Nasdaq Inc. and the New York Stock Exchange are pulling back from a fast-track IPO process for small companies known as Reg A+, following a spate of embarrassing listings....
19:15, 2019-06-10

Ex-Barclays CEO Varley cleared of fraud charges Former Barclays CEO John Varley was acquitted of fraud charges on Friday after senior judges said there was insufficient evidence against him in a case about Qatari cash injections that saved the bank from a state bailout in 2008....
16:15, 2019-06-21

4 from Indiana sentenced for veterans' fundraising fraud Four southern Indiana residents have been sentenced after authorities say they pocketed more than $125,000 through fundraisers touted as benefiting veterans and their families....
19:45, 2019-05-31

Shakira denies any wrongdoing in Spanish tax fraud case Shakira’s PR firm says she has denied any wrongdoing when she testified before a judge in an investigation into her alleged tax evasion in Spain.        ...
15:00, 2019-06-06

NFL QB Drew Brees awarded $6M in diamond fraud lawsuit New Orleans Saints quarterback Drew Brees won more than $6 million in a San Diego court Friday over a lawsuit that claimed he had been sold overpriced diamonds from a jeweler more than a decade ago....
13:30, 2019-06-22

FCA issues £45.5m fine over HBOS Reading fraud scandal Bank of Scotland (BoS) has been fined £45.5m by the City regulator for failures to disclose suspicions of fraud at its scandal-hit Reading branch....
18:01, 2019-06-21

Trump slams NYT story on Mexico pact as a ‘FRAUD’ and ‘hit job’ President Trump slammed The New York Times on Monday over an article on the administration’s immigration deal with Mexico that he called a “FRAUD” and a “hit job” -- while also warning that if Mexico's legislature does not approve the pact, he will move anew to impose tariffs....
16:45, 2019-06-10

| Amnesty International suspends Zimbabwe office over 'fraud' Amnesty International has suspended its local branch in Zimbabwe after uncovering evidence of fraud, in the first such move by the rights advocacy group....
06:45, 2019-05-31

Drew Brees awarded $6M in diamond-fraud lawsuit SAN DIEGO — A jury has awarded more than $6 million to New Orleans Saints quarterback Drew Brees in a lawsuit that claimed a San Diego County jeweler sold him overpriced diamonds. The San Diego Union-Tribune says a Superior Court jury made the award Friday in a fraud suit Brees and his wife filed ag...
09:01, 2019-06-22

KPMG to pay $50 million for using stolen data, exam fraud: U.S. SEC KPMG LLC has agreed to pay a $50 million penalty over allegations former staffers used stolen information to alter some of the accounting firm's previous audit work and cheated on training exams, the U.S. Securities and Exchange Commission (SEC) said on Monday....
17:15, 2019-06-17

Ski resort execs, businessman, indicted on fraud charges BURLINGTON, Vt. (AP) — The former owner and former president of a Vermont ski resort accused in a multimillion-dollar fraud case have been indicted on multiple federal charges over a failed plan to build a biotech facility using foreign investors’ money. The fraud charges were filed Wednesday ...
17:45, 2019-05-22

Virginia airline founder charged with fraud, tax evasion NEWPORT NEWS, Va. (AP) — The leader of an ill-fated effort to revive the People Express airline has been indicted on fraud and tax evasion charges. The Daily Press reports Michael D. Morisi was arrested Tuesday, accused of defrauding creditors of nearly $448,000. An indictment says he used most of t...
17:45, 2019-05-22

Manhattan developer busted in mortgage fraud scheme A noted Upper East Side real estate developer took out fraudulent loans that allowed her to blow millions on Rolexes, jewelry, gold coins and lavish ski trips — declaring bankruptcy when it all went bust, prosecutors allege. British born developer Penny Ann Bradley, 54, was arrested Wednesday and ac...
11:00, 2019-07-11

Prominent upstate New York landlord indicted for fraud Prominent upstate New York landlord Robert Morgan was charged Wednesday in a 114-count federal indictment with inflating property values in his expansive real estate portfolio to secure more than $500 million in loans....
23:30, 2019-05-22

Fraud trial abandoned because expert witness had no expertise Past carbon credit convictions may be unsafe after Andrew Ager found to be unqualifiedThe safety of convictions secured in more than 20 fraud trials may have to be examined after an expert witness was found to be inadequately qualified.The Crown Prosecution Service (CPS) has abandoned a case against...
00:30, 2019-05-30

Pastner accusers to face criminal fraud charge Ron Bell, a former friend of Ron Pastner who accused the Georgia Tech coach of sexually assaulting a woman, was charged with providing false information to law enforcement and facilitation of a fraud scheme practice....
00:45, 2019-05-22

Former HP boss Whitman says 'not protecting herself' in Autonomy fraud allegation Former Hewlett-Packard boss Meg Whitman denied on Thursday she was trying to protect her own reputation when she accused the leaders of Autonomy, the British software firm HP acquired in 2011, of a fraud that inflated its value by $5 billion....
23:15, 2019-06-06

How to freeze your credit to prevent fraud or identity theft Mangostar / Shutterstock.com Freezing your credit is a free way to stop activity on your credit report if you suspect your identity or data was breached or stolen. A credit freeze is free, doesn't damage your credit score, and you can lift it when you need a credit check. You have to contact each o...
06:00, 2019-06-14

Spain deports 94 Taiwanese to Beijing for telecom fraud Ninety-four people from Taiwan landed in Beijing on Friday after being deported from Spain as part of a joint operation against telecom fraud launched three years ago, the Chinese police ministry said in a statement....
09:45, 2019-06-07

Manafort pleads not guilty to New York mortgage fraud charges President Trump’s imprisoned former campaign chairman, Paul Manafort, pleaded not guilty Thursday to state mortgage fraud charges during an arraignment hearing in a New York City courtroom....
01:15, 2019-06-28

U.S. charges New York man who boasted of huge investment returns with fraud A New York man who boasted of generating returns of 362% in fewer than five years by day-trading Standard & Poor's 500 futures contracts was charged by U.S. authorities on Friday with defrauding investors out of more than $19 million and spending much of it on luxuries....
22:00, 2019-06-28

Ecuador president blocks extradition of man accused of Facebook fraud Ecuador's President Lenin Moreno has blocked the extradition to the United States of a New York man charged with trying to defraud Facebook Inc founder Mark Zuckerberg, a document obtained by Reuters showed on Friday....
06:45, 2019-06-08

KPMG fined $50 million for using stolen data, exam fraud: U.S. SEC KPMG LLP has agreed to pay a $50 million fine over allegations former staffers used stolen information to alter some of the accounting firm's previous audit work and cheated on training exams, the U.S. Securities and Exchange Commission said on Monday....
19:15, 2019-06-17

Jay Onrait destroys Chris Broussard: ‘Biggest f–king fraud’ Kawhi Leonard kept his move to the Clippers under wraps until the last possible second. And those who claimed to know otherwise were quickly proven wrong, chief among them Chris Broussard. Broussard, who works for FS1, has a history of questionable reporting and added to it here, repeatedly saying L...
21:15, 2019-07-10

Fraud, private jets and a Lamborghini: 10 televangelists who have faced controversy From buying a Lamborghini as an anniversary gift to turning away hurricane evacuees, these televangelists have caught flak.        ...
19:45, 2019-06-17

Fraud allegations lead to closure of Amnesty International in Zimbabwe Police are investigating suspected misconduct involving millions of dollars of funds from donorsAmnesty International has shut down its Zimbabwe branch over alleged abuse of donor funds and fraud by staff.The human rights group says it has launched further investigations with the help of police into...
13:00, 2019-06-03

| Madagascar leader sees parliament win amid fraud complaints Madagascar President Andry Rajoelina says he believes his party and allies are on course for a majority in the country's new parliament, but the opposition alleges that "anomalies" have been detected in the vote....
22:45, 2019-05-29

Ex-hedgie Mark Nordlicht and associate found guilty of fraud An alleged Ponzi schemer — whose trial turned into a circus when he got caught on video trying to physically attack a federal prosecutor — was found guilty of three counts of fraud on Tuesday. Mark Nordlicht in May had lunged at Assistant US Attorney Lauren Elbert during a court break, and was tryin...
00:15, 2019-07-10

Big music fest abruptly ended over fraud suspicion, security BRUSSELS (AP) — A music festival in Belgium featuring major stars like rapper Cardi B has come to an abrupt end amid security concerns and a fraud investigation. VestiVille was canceled Friday, the start of the three-day event, with thousands of festival-goers on the grounds in Lommel, in Belgium...
17:45, 2019-06-29

How an insane demand for truffles is leading to sabotage, fraud and death Garbriele Caporale had taken precautions. One afternoon in 2009, he put a muzzle on his cocker spaniel before they went out to search for valuable white truffles in the hills of Perano, a town in Abruzzo, Italy, about 160 miles east of Rome. Lately, saboteurs had been leaving meatballs laced with po...
21:15, 2019-06-01

Sotheby's must face Russian billionaire's lawsuit over art fraud - U.S. judge A federal judge in New York rejected Sotheby's bid to dismiss a $380 million lawsuit where Russian billionaire Dmitry Rybolovlev accused the auction house of helping his longtime art dealer's scheme to overcharge him on dozens of masterworks....
20:00, 2019-06-27

Former Abraaj Private-Equity Executive Pleads Guilty to Fraud A former Abraaj Group executive pleaded guilty in New York to engaging in racketeering and fraud at what was once the world’s largest emerging-markets private-equity firm....
00:30, 2019-06-29

Elizabeth Holmes to Face Trial Next Year on Fraud Charges The Theranos founder and her former deputy will face trial in federal court in August 2020 for charges that they lied to doctors and patients about blood-test results and deceived investors about the disgraced startup’s finances....
03:15, 2019-06-29

Man Tied To Lexington Lab Pleads Guilty To Federal Fraud Charges (LEX 18) — A man connected to a Lexington lab has pleaded guilty to a federal fraud charge, after admitting to helping set up a kickback scheme. Officials said Timothy B. Andrews pleaded guilty Thursday to a charge of conspiracy to defraud the United States. According to the plea agreement, An...
20:15, 2019-06-09

Jury awards $6M in Drew Brees diamond-fraud lawsuit SAN DIEGO (AP) — A jury has awarded more than $6 million to New Orleans Saints quarterback Drew Brees in a lawsuit that claimed a San Diego County jeweler sold him over-priced diamonds. The San Diego Union-Tribune says a Superior Court jury made the award Friday in a fraud suit Brees and his wife fi...
07:15, 2019-06-22

‘Pharma Bro’ Martin Shkreli files $30M fraud lawsuit from prison The fraudster says he got defrauded. “Pharma Bro” Martin Shkreli, who is doing time in federal prison in Pennsylvania for defrauding investors, filed a lawsuit in federal court in Manhattan on Friday claiming that three people connected with the pharmaceutical company he created ripped h...
02:45, 2019-06-01

Pop singer Shakira faces tax fraud accusation in Spanish court Colombian singer Shakira appeared in a Spanish court on Thursday to answer to tax fraud charges, with prosecutors accusing her of failing to pay up to 14.5 million euros ($16.29 million) in tax on income earned between 2012 and 2014....
14:00, 2019-06-06

Paul Manafort pleads not guilty to fraud charges in New York President Trump’s former campaign chairman Paul Manafort pleaded not guilty Thursday to charges he lied in paperwork to obtain millions of dollars in loans. Manafort, 70, is facing a 16-count indictment filed by state prosecutors related to his properties in New York. “The grand jury of the county o...
21:30, 2019-06-27

Hawaii power couple convicted in plot to hide fraud HONOLULU (AP) — A jury has found a former Honolulu prosecutor and her now-retired police chief husband guilty in a plot to frame a relative to silence him from revealing fraud that financed their lavish lifestyle. The verdict came Thursday in what has been described as Hawaii’s biggest corrupt...
06:45, 2019-06-28

The Latest: Hawaii power couple convicted in fraud case HONOLULU (AP) — The Latest on the conviction of a Hawaii power couple in a corruption trial (all times local): 5:30 p.m. A bail hearing has been set for a former Honolulu prosecutor, convicted alongside her husband in a plot to frame a relative to silence him from revealing fraud that financed their...
06:45, 2019-06-28

Artist Peter Max allegedly taken advantage of in wild fraud cases Peter Max, the 1960s artist and pop icon known for his psychedelic images bursting with colors, The New York Times reported, has allegedly been taken advantage of in wild fraud cases involving family and friends....
09:15, 2019-05-29

Fake Saudi prince who flaunted on Instagram sentenced in fraud scheme Miami fraudster Anthony Gignac was sentenced Friday by a Florida judge to 18.5 years in prison for swindling $8 million from people by posing as Middle Eastern royalty, according to reports....
08:45, 2019-06-02

Enormous Fraud Anthony Joshua Knocked Out By Thirsty, Hungry Fella Andy Ruiz Jr. etched his name in boxing history on Saturday alongside the likes of Buster Douglas and James J. Braddock when he shockingly defeated British boxing sensation Anthony Joshua on a seventh-round TKO to become IBF, WBA and WBO heavyweight champion of the world....
19:15, 2019-06-02

Lindsey Graham claims border fraud so prevalent ‘a terrorist could easily get in’ While Democrats criticize the Trump administration for the conditions children are kept in at the southern border, Sen. Lindsey Graham, R-S.C., is pointing out how children are being used by adults trying to get into the United States illegally....
19:45, 2019-07-14

ICICI Reported Most Number Of Fraud Cases In 11 Years Worth 5,000 Crores Of over 50,000 frauds that hit banks in India in the last 11 fiscal years, the ICICI Bank, State Bank of India (SBI) and HDFC Bank reported highest number of cases, according to an RBI data....
15:30, 2019-06-12

Why Kyle Richards Finally Opened Up About Her Eating Disorder: " I Felt Like a Fraud" After nine seasons on The Real Housewives of Beverly Hills, Kyle Richards revealed a new aspect of her life: she had an eating disorder while growing up. "It started when I was 17. I......
16:30, 2019-06-12

Jury finds Platinum Partners founder guilty in fraud trial Mark Nordlicht, the founder of defunct hedge fund firm Platinum Partners, was found guilty on Tuesday of defrauding bondholders of an oil exploration company Platinum controlled, but cleared of charges he defrauded investors in Platinum's hedge funds....
23:15, 2019-07-09

Benjamin Netanyahu’s wife takes plea deal in fraud case Israeli Prime Minister Benjamin Netanyahu’s wife, Sara, agreed Wednesday to cop a plea to settle allegations she misused some $100,000 of state funds on fancy catered meals. The State Attorney’s office said she will cough up roughly $15,000 in fines to close the case, which accused her of runn...
19:15, 2019-06-12

DJ Aqeel Skips Questioning In Sterling Biotech Loan Fraud Case Popular disc jockey DJ Aqeel, the son-in-law of actor-director Sanjay Khan, on Monday skipped an Enforcement Directorate's summons in the Rs 8,100 crore Sterling Biotech loan fraud case....
14:15, 2019-07-09

Mumbai Indians Pacer Rasikh Salam Suspended For Two Years For Age Fraud The board in a release announced that Prabhat Maurya has replaced Rasikh Salam in the India U-19 squad that is set to play a one-day tri-series in England starting July 21....
22:15, 2019-06-19

French court clears Orange CEO Richard of wrongdoing in fraud trial A French court on Tuesday cleared Orange chief executive Stephane Richard of any wrongdoing in a fraud trial, clearing the way for him to remain at the helm of the country's biggest telecom operator....
12:00, 2019-07-09

Law granting illegal immigrants driver’s licenses could lead to voter fraud A loophole in the new law granting driver’s licenses to illegal immigrants could allow hundreds of thousands of people to fraudulently register to vote in New York, according to critics, the state Board of Elections and the bill’s own sponsor. “[A] major concern is that many states, including New Yo...
06:45, 2019-06-19

Airbus pulls anniversary book over fraud probe concerns - sources Airbus has halted sales of a new book that the planemaker had commissioned for its 50th anniversary to avoid hampering the manufacturer's attempts to win a settlement in a bribery probe, two people familiar with the matter said....
14:15, 2019-07-12

Doctor, medical funder charged in New York in transvaginal mesh fraud A doctor and a surgical funding consultant were arrested on Friday on charges that they defrauded women into having unnecessary surgeries to remove transvaginal mesh implants in order to profit from settlements paid to the women by mesh manufacturers, U.S. prosecutors in New York said....
01:15, 2019-05-25

Brazil gears up to enhance data analytics to tackle benefit fraud Interoperability and workforce training to use more data in decision-making are at the core of projects underpinning the reform of the country's pension system....
22:00, 2019-07-12

Dems lose patience with ‘complete fraud’ AOC, rally to Pelosi’s side House Democrats and their aides are quickly losing patience with Rep. Alexandria Ocasio-Cortez over her office's nonstop sparring with House Speaker Nancy Pelosi and other long-serving members, suggesting the speaker's dismissive comments toward her may represent the view of a growing section of the...
00:00, 2019-07-13

Killed Liquor Baron Ponty Chadha's Son Gets Bail In Fraud Case The son of Ponty Chadha, the liquor and real estate baron who was killed in a shootout six years ago, was granted bail today in an alleged real estate fraud case....
14:45, 2019-06-17

Indonesia Court Rejects Presidential Candidate’s Voting Fraud Claims Judges threw out accusations by Prabowo Subianto, the son-in-law of the former dictator Suharto, clearing the way for a second term for President Joko Widodo....
21:45, 2019-06-27

Airbus pulls anniversary book over fraud probe concerns: sources Airbus has halted sales of a new book that the planemaker had commissioned for its 50th anniversary to avoid hampering the manufacturer's attempts to win a settlement in a bribery probe, two people familiar with the matter said....
14:15, 2019-07-12

Chinese man guilty of sending 1,500 fake iPhones to Apple in warranty fraud SALEM, Ore. — Over the span of two years, a Chinese national in Oregon sent devices that looked like iPhones to Apple, saying they wouldn’t turn on and should be replaced under warranty. He didn’t just submit a couple of the devices — he delivered in person or shipped to Apple around 3,000 of ...
03:45, 2019-05-23

Ex-Telecom CEO and Ajit Pai Adviser Sentenced to Five Years for Fraud Totaling $270 Million The former CEO of an Anchorage-based telecom was sentenced on Friday to five years in prison after pleading guilty to defrauding New York investors of more than $270 million.Read more......
16:45, 2019-06-22

VestiVille music festival in Belgium abruptly ended over security, fraud suspicion A music festival in Belgium featuring major stars like rapper Cardi B came to a chaotic end before it had even started.        ...
19:00, 2019-06-30

Atletico Madrid's Diego Costa accused of tax fraud by Spanish prosecutor Diego Costa has been accused of income tax fraud worth just over 1 million euros (£885,755) for money made from image rights, prosecutors in Madrid said on Tuesday....
17:45, 2019-06-04

U.S. regulator accuses head of defunct British bitcoin company of $147 million fraud A U.S. commodities regulator has filed a lawsuit accusing a defunct British cryptocurrency company and its former principal of fraudulently misappropriating at least 22,858,322 bitcoin worth $147 million from more than 1,000 customers....
00:00, 2019-06-19

Trump’s Former Campaign Manager, Paul Manafort Pleads Not Guilty To Fraud Charges (NEW YORK) President Donald Trump’s former campaign chairman has pleaded not guilty to state mortgage fraud charges in New York City. Paul Manafort entered the plea at an arraignment Thursday in Manhattan. Manafort walked with a limp as court officers led him down a public hallway to the court...
21:30, 2019-06-27

Sour note: Sistine Chapel Choir director resigns after fraud allegations The director of the Sistine Chapel Choir, which has provided the musical backdrop to papal events for centuries, has resigned following allegations of fraud and embezzlement....
16:30, 2019-07-10

Hawaii power couple charged with lavish fraud claim they can’t afford lawyer HONOLULU — Soon after a Honolulu prosecutor and her police chief husband were indicted and accused of a fraud scheme that funded their lavish lifestyle, they told a judge they couldn’t pay for lawyers to represent them. The public servant couple, who lived in the swanky part of town, used money bilk...
11:15, 2019-06-18

UPDATE 1-Doctor, medical funder charged in New York in transvaginal mesh fraud A doctor and a surgical funding consultant were arrested on Friday on charges that they defrauded women into having unnecessary surgeries to remove transvaginal mesh implants in order to profit from settlements paid to the women by mesh manufacturers, U.S. prosecutors in New York said....
01:15, 2019-05-25

Devin Nunes calls 'fraud,' citing difference between Mueller report, Dowd transcript U.S. Rep. Devin Nunes called for the release of “all backup and source information” for the Mueller report on Friday after a newly released transcript of a former Trump lawyer's voicemail message included content that did not appear in a version that was part of the special counsel's Russia investig...
10:00, 2019-06-01

Federal criminal probe tied to 'microcap fraud' case may include former Riot Blockchain CEO Federal authorities have launched an investigation into a group of "microcap fraudsters," according to court documents. The investigation is parallel to an SEC civil case against the alleged "fraudsters," and more details are currently unknown....
00:30, 2019-05-23

Probe Agency Files Money Laundering Case In Alleged Ponzi Scheme Fraud The Enforcement Directorate has filed a case of money laundering in an alleged ponzi scheme in Karnataka, involving the IMA Jewels, which left thousands of gullible investors in the lurch, officials......
19:00, 2019-06-14

Netanyahu's wife reaches plea bargain in meals fraud case: Israel Radio Prime Minister Benjamin Netanyahu's wife, Sara, has reached a plea bargain in a fraud case over allegedly misusing state funds to order catered meals, Israel Radio said on Wednesday....
16:30, 2019-05-29

Music event canceled over security, fraud concerns; compared to Fyre fest fiasco A three-day concert in Belgium that was slated to feature stars like Cardi B, Jason Derulo and Ja Rule abruptly ended before it began, and local officials have opened a fraud investigation, leading to comparisons with the 2017 Fyre Festival, the failed music bash that left guests stranded with no fo...
04:30, 2019-06-30

Judge lets New York pursue student loan debt relief fraud case A federal judge said New York's attorney general may pursue a lawsuit accusing Debt Resolve Inc and nine other defendants of involvement in a scheme to induce thousands of struggling student loan borrowers into paying for debt relief services they could have gotten for free....
23:45, 2019-07-03

Ex-Fox & Friends co-host Clayton Morris leaves country amid fraud allegations, lawsuits Morris and his wife say they plan to fight lawsuits from abroad. He has moved with his family to a coastal resort town in Portugal.       ...
02:30, 2019-07-14

Uber passenger's death draws attention to 'vomit fraud' allegations in ride-hailing business The fatal St. Patrick's Day shooting of an Uber passenger in New Mexico, which allegedly followed an argument over a fee imposed for vomit in the back seat of the driver's car, has drawn attention to a broader "vomit fraud" trend in the ride-hailing industry....
15:00, 2019-05-31

Aging Fraud Luis Suárez Misses Only Penalty In Shootout Against Peru, Ends Uruguay's Copa América Campaign The trade-off in having Luis Suárez on a team has always been for every person he bites, black player he racially abuses, or referee he headbutts, he’ll score at least a couple dozen goals to make up for all of that shithousery. But it appears that as he’s reached his 30s, the playing abilities that...
01:00, 2019-06-30

Ex-Honolulu prosecutor, her retired police chief husband guilty in plot to frame relative to hide financial fraud HONOLULU (AP) — Ex-Honolulu prosecutor, her retired police chief husband guilty in plot to frame relative to hide financial fraud. The post Ex-Honolulu prosecutor, her retired police chief husband guilty in plot to frame relative to hide financial fraud appeared first on LEX18.com....
06:45, 2019-06-28

Mahindra and Mahindra's Q4 Profit Slips By 20% To Rs. 849 Crore Mahindra also exported 10,200 vehicles during the current quarter, registering a growth of 17.1 per cent over the corresponding quarter previous year....
11:45, 2019-05-30

U.S. mulls blacklisting another Chinese firm A move against video surveillance maker Hikvision would broaden a U.S. campaign to sever China’s access to American know-how and inflame a deepening trade conflict....
21:30, 2019-05-22

A Law-Firm Veteran Who Leads by Listening Andrew Glincher never expected to work in a big law firm, much less run one. He sets his course by his upbringing and a tight crew of ad hoc advisers...
18:15, 2019-06-22

U.S. sanctions Cuban state-run oil firm over Venezuela The United States has targeted Cuba's state-run company Cubametales as part of its Venezuela-related sanctions, according to a notice posted on the U.S. Treasury Department's website on Wednesday....
16:30, 2019-07-03

UnitedHealth to buy healthcare payments firm Equian for $3.2 bln -WSJ UnitedHealth Group Inc has agreed to buy health-care payments firm Equian LLC from its private-equity owner New Mountain Capital for about $3.2 billion, the Wall Street Journal reported on Thursday, citing people familiar with the matter....
01:45, 2019-06-21

New McLaren GT is firm's most practical, refined model yet McLaren's new Grand Touring model sits outside of Sports, Super and Ultimate series, with luxury and comfort the focus The new McLaren GT, revealed for the first time and on sale now, will “redefine the rules of Grand Touring”, according to the firm. The new model is so distinct from McLaren’s exis...
17:30, 2019-05-21

German chemical firm BASF to cut 6,000 jobs The German chemical giant has said it will cut 6,000 jobs by 2021 to "streamline" its administration. BASF has said it expects to save $300 million annually with the move. Half the job cuts will happen in Germany....
19:45, 2019-06-27

Alpina version of BMW X7 on the cards, says firm's boss Alpina's CEO says large SUV could be part of future portfolio and talks about previous plans to make a version of the i8 Alpina plans to add the X7 seven-seat large SUV to its portfolio of BMW models, company boss Andreas Bovensiepen has revealed.  While looking ahead and adapting to a changing mar...
14:45, 2019-07-09

Zion sues to end agreement with marketing firm Zion Williamson is suing to enforce termination of an agreement he signed with Gina Ford and Prime Sports, maintaining the marketing company's deal was unlawful under North Carolina law....
03:15, 2019-06-14

Marketing firm files its own lawsuit against Williamson, CAA A sports marketing company has filed a lawsuit against former Duke star Zion Williamson and the agency now representing him       ...
05:15, 2019-06-20

Protection against property fraud: can we protect our elderly aunt's property for her through the Land Registry? My elderly aunt is trusting of everyone and lives alone. Can we use the Land Registry to protect her property in case someone tries to sell it against her will?...
17:15, 2019-06-18

Insurance firm AIG wants dead couple to pay for fire at Kissinger’s co-op The apartments of former Secretary of State Henry Kissinger and current Secretary of Commerce Wilbur Ross were among those damaged by a fire sparked when an elderly woman fell asleep in her apartment with a lit cigarette — killing her and her husband — and now an insurance company wants ...
11:00, 2019-07-11

Marketing firm files lawsuit against Zion Williamson A sports marketing company has filed a lawsuit against former Duke star Zion Williamson and the agency now representing him.       ...
22:00, 2019-06-20

Oil prices firm on tropical storm and geopolitical tensions Oil prices edged higher on Friday and were on track for a weekly gain as U.S. oil producers in the Gulf of Mexico cut more than half their output because of a tropical storm and as tensions continued to simmer in the Middle East....
18:00, 2019-07-12

Buttigieg says Trump using Justice Department as 'his own personal law firm' 2020 Democratic presidential candidate Pete Buttigieg on Sunday slammed President Trump’s recent move to direct Attorney General William Barr look into the origins of the Russia investigation and if U.S. officials improperly surveilled Trump's 2016 campaign....
19:15, 2019-06-16

UPDATE 4-Google to buy analytics software firm Looker for $2.6 bln Alphabet Inc's Google said on Thursday it would buy Looker, a privately held big-data analytics company, for $2.6 billion in cash, in the first major acquisition for new Google Cloud Chief Executive Thomas Kurian....
01:00, 2019-06-07

US may blacklist Chinese surveillance kit firm Hikvision - reports Fears grow that world’s two largest economies are on edge of full-blown tech cold war The US is reportedly considering restricting Hikvision, a Chinese surveillance equipment provider active in Xinjiang, from buying US components, escalating already tense ties between the world’s two largest economi...
09:45, 2019-05-22

U.S. could blacklist Chinese surveillance tech firm Hikvision: NYT The U.S. administration is considering limits to Chinese video surveillance firm Hikvision's ability to buy U.S. technology, the New York Times reported on Tuesday, in a move that deepens worries about trade frictions between the world's two top economies....
07:00, 2019-05-22

U.S. could blacklist Chinese surveillance technology firm Hikvision -NYT The Trump administration is considering limits to Chinese video surveillance firm Hikvision's ability to buy American technology, the New York Times reported on Tuesday, citing people familiar with the matter....
05:00, 2019-05-22

There's now a 60% chance of a hard Brexit, says chairman of UK investment firm Theresa May's replacement as U.K. prime minister will likely be stridently pro-Brexit, says Martin Gilbert, chairman of Aberdeen Standard Investments....
11:15, 2019-06-06

Robert E. Lee statue bidder identified as Dallas law firm DALLAS (AP) — Records show a Dallas-based law firm put in the winning bid for a statue of Confederate Gen. Robert E. Lee that once stood in a city park. City Council documents show the top bid of $1.435 million came from Holmes Firm PC. The firm has not said what it plans to do with the statute and ...
22:00, 2019-06-12

Cybersecurity Firm CrowdStrike Prices IPO Above Expected Range The company priced its initial public offering above its expected price range, raising $612 million and valuing the company at $6.8 billion, if underwriters exercise all their options....
07:45, 2019-06-12

Salesforce to buy big data firm Tableau Software for $15.3 billion Salesforce.com Inc said on Monday it would buy big data company Tableau Software for $15.3 billion in an all-stock deal, marking the biggest acquisition in the company's history....
19:00, 2019-06-10

United Technologies, Raytheon merging into $120 billion firm United Technologies agreed on Sunday to combine its aerospace business with US contractor Raytheon and create a new company worth about $121 billion, in what would be the sector’s biggest ever merger. The deal would reshape the competitive landscape by forming a conglomerate which spans commercial a...
19:00, 2019-06-10

EU fails to set firm deadline for zero carbon emissions goal The European Union has failed to set a firm deadline to end its contribution to climate change, after a group of eastern European countries blocked a proposal to slash EU carbon emissions to net zero by 2050....
01:30, 2019-06-21

Google to Acquire Data-Analytics Firm Looker Google has made a long-awaited acquisition to bolster its cloud-computing business, a booming industry where it has lagged behind rivals. The tech giant has reached a deal to acquire Looker for $2.6 billion in cash....
19:15, 2019-06-06

UPDATE 3-Google to buy analytics software firm Looker for $2.6 bln Alphabet Inc's Google said on Thursday it would buy Looker, a privately held big-data analytics company, for $2.6 billion in cash, in the first major acquisition for new Google Cloud Chief Executive Thomas Kurian....
18:15, 2019-06-06

Google to buy analytics software firm Looker for $2.6 billion Alphabet Inc's Google said on Thursday it would buy Looker, a privately held big-data analytics company, for $2.6 billion in cash, in the first major acquisition for new Google Cloud Chief Executive Thomas Kurian....
19:00, 2019-06-06

Danish cannabis firm quarantines more products from CannTrust Danish cannabis firm StenoCare said on Thursday it would quarantine more batches of cannabis oil from its partner CannTrust which has sold products from what Canada's federal health regulator called unlicensed facilities....
13:45, 2019-07-11

US Firm To Pay Over $1 Million Due To H-1B Visa Holders Including Indians An American employment service company has agreed to pay USD 1.1 million in back wages to nearly 600 H-1B employees, a large number of whom are highly-skilled Indian IT professionals....
08:15, 2019-06-05

Crunch Fitness sold to TPG private-equity firm Crunch Fitness — the quirky gym chain known for classes like “Ass & Abs” — said Monday it has been sold to buyout firm TPG. Terms of the deal weren’t disclosed, but with backing from the private-equity firm’s TPG Growth unit, Crunch plans to double its footprint over the next five years, Crunch Chie...
06:00, 2019-07-02

David Cameron takes job with US artificial intelligence firm Former UK prime minister to chair advisory board of Washington-based AfinitiDavid Cameron has taken a job as chair of a US artificial intelligence firm’s advisory board, it was announced on Friday.The former prime minister “will be responsible for curating and overseeing the strategic guidance” the ...
17:45, 2019-05-31

Israeli digital forensics firm Cellebrite gets $110 mln IGP investment Israel's Cellebrite, whose software can unlock and extract data from mobile devices and is used by law enforcement and government agencies as well as businesses, said on Monday it had received a $110 million investment from IGP Capital....
20:30, 2019-06-17

R.J. O'Brien Becomes New Clearing Firm at CBOE Futures Exchange CHICAGO, October 20, 2010 - The CBOE Futures Exchange (CFE) today announced that R.J. O'Brien (RJO), the largest independent futures brokerage firm in the United States, has become the latest firm to become a clearing member on the Exchange. "We are pleased to add RJO to the ranks of our clearing fi...
20:30, 2019-05-22

Domino's Pizza Enterprises' Europe CEO says is committed to firm Domino's Pizza Enterprises Ltd's Europe head said on Friday he was "invested" in the Australian-based franchisee, after a media report said he could leave to become the CEO of Domino's UK-based franchisee....
06:45, 2019-06-21

Ralph Nader: The FAA is a consulting firm for airlines not a regulator The Federal Aviation Administration is hosting dozens of regulators in Dallas today to discuss its work with the Boeing 737 Max, which was grounded in the U.S. March 13 after two fatal crashes. Consumer advocate Ralph Nader, whose great niece was killed along with more than 300 others in one of the ...
19:00, 2019-05-23

Brazil state-run power firm CEB mulls privatization to raise $129 mln -CEO Brazilian state-run power group Companhia Energetica de Brasilia is considering privatizing its distribution unit, CEB-D, to raise 500 million reais ($129 million) to improve its finances, Chief Executive Edison Garcia said....
00:00, 2019-06-11

Buyout firm Apollo Global agrees to acquire Shutterfly Private equity firm Apollo Global Management LLC said on Monday it had agreed to acquire U.S. digital imaging company Shutterfly Inc for $2.7 billion, including the company's $900 million debt....
04:15, 2019-06-11

CBI Files Case Against IAF Officials, Swiss Firm Over Alleged Kickbacks The Central Bureau of Investigation has filed a case against unknown officials of the Air Force, the Defence Ministry, arms dealer Sanjay Bhandari and officials of Swiss-based plane-maker Pilatus......
07:30, 2019-06-22

EMERGING MARKETS-Latam FX firm as dollar stays steady Latin American currencies firmed against a steady dollar on Tuesday with Mexico's peso extending gains logged after U.S. President Donald Trump called off punitive tariffs on Mexican goods, while Brazil's real looked set to reverse last session's losses. The dollar steadied as investors focused ...
16:15, 2019-06-11

Digital insights firm Contentsquare buys Israel's Clicktale Contentsquare, which provides insights into customers' digital experiences, has acquired Israeli rival Clicktale for an undisclosed amount, the companies said on Monday....
16:15, 2019-07-01

Design Chief Jony Ive Is Leaving Apple to Start His Own Firm Ive's departure marks the end of an era for the company after helping it make a major transformation from a cult computer business to a dominant device company....
05:30, 2019-06-28

China's CATL, Ant Financial and Hellobike set up e-bike battery firm China's Contemporary Amperex Technology Co Ltd (CATL), Ant Financial Services and Hellobike said on Wednesday they will invest 1 billion yuan ($144.60 million) to establish a electric bicycle battery joint venture....
14:45, 2019-06-12

Alphabet's cybersecurity firm Chronicle joins Google Cloud Google's parent company Alphabet has announced that it will fold its enterprise cybersecurity company Chronicle into Google Cloud later this year.Chronicle was originally spun out of Alphabets experimental projects lab X and the company has been part of Alphabet's other bets division since...
03:15, 2019-06-28

Forensics firm says it can break into any iPhone or high-end Android phone Apple makes it a point with every product announcement to stress security and privacy features. That exact thing happened just a few weeks ago at Apple’s annual developer event, where the company unveiled several new privacy-centric features that other companies might not be able to replicate ...
04:15, 2019-06-18

Yen, franc firm as trade tensions fester; pound sinks The Japanese yen and the Swiss franc firmed on Wednesday as risk appetite remained weak in the backdrop of festering trade tensions between the United States and China....
13:15, 2019-05-22

Famed Apple designer Jony Ive is leaving to start his own firm In an interview with the Financial Times, Jony Ive announced that after more than two decades of making Apple products look and feel the way they do, he's leaving the company. His new venture is called LoveFrom, and it will have Apple as its first cl......
05:01, 2019-06-28

Chicago investment firm takes majority stake in Whataburger SAN ANTONIO (AP) — An investment firm has purchased a majority stake in Whataburger as the Texas-based fast-food company seeks to expand in an increasingly competitive market. Whataburger announced Friday that the purchase by Chicago-based BDT Capital Partners should be finalized by the end of the s...
22:30, 2019-06-14

This brand returns to Mattress Firm stores after bitter feud Mattress Firm and the maker of Tempur-Pedic are getting back together after a dispute over accusations the retailer was selling lookalike products.       ...
19:45, 2019-06-18

Australian PE firm PEP sets up company to buy Campbell's international business - AFR Pacific Equity Partners has set up a new company as part of its plans to buy the international business of U.S. food company Campbell Soup Co, The Australian Financial Review reported citing anonymous sources....
09:45, 2019-07-01

Serpentine art CEO quits amid criticism of spyware firm link The chief executive of London’s Serpentine Galleries has quit amid what she calls “toxic personal attacks” over her husband’s involvement in an Israeli spyware firm...
02:00, 2019-06-19

North Macedonia firm plugs vintage minis into electric age In the North Macedonian capital Skopje, a small light blue car, reminiscent of bygone Communist times, silently zips through the streets in the first major attempt in the Balkan country to produce its own electric vehicle....
14:30, 2019-06-19

HMRC outlay on Amazon over six times what firm paid in corporation tax – GMB UK tax authority spent £11m to use online giant’s web-hosting services in 2018, says reportHM Revenue & Customs spent £11m to use Amazon’s web-hosting service last year, more than six times the £1.7m it received in corporation tax from Amazon’s main UK business, according to a new report.The UK tax ...
08:15, 2019-06-11

Boston museum hires firm to investigate racism reports Boston’s Museum of Fine Arts has hired an outside law firm to investigate reports that a group of minority middle school students was subjected to racism by staff and patrons during a field trip last month...
20:00, 2019-06-12

EMERGING MARKETS-Stocks, currencies firm up ahead of U.S. Fed outcome Emerging market stocks rose on Wednesday, while developing world currencies broadly firmed against the dollar as investors counted on the U.S. Federal Reserve's outlook later today to match their expectations of lowering U.S. borrowing costs....
12:30, 2019-06-19

Google Cloud absorbs Alphabet cybersecurity firm Chronicle Alphabet Inc announced on Thursday that its year-old cybersecurity company, Chronicle, would be absorbed by its Google Cloud division because customers have been seeking an integrated offering....
19:15, 2019-06-27

Cybersecurity firm says Huawei’s telecom equipment is easier to hack Another day, another shot fired in the ongoing war between the US and all things Huawei. The Wall Street Journal is out with a new story today focused on research blasting Huawei telecom equipment as more vulnerable to being hacked than equipment from its rivals — a report that the White House...
00:15, 2019-06-28

BP solar firm blazes ahead in search for UK's shiniest grass Lightsource BP hopes ‘bi-facial’ panels will boost renewable energy at its solar farmsBP’s solar subsidiary is on the hunt for Britain’s shiniest grass to help make the most of new double-sided solar panels that can harness light reflected off the ground.Lightsource BP hopes the “bi-facial” solar pa...
22:00, 2019-07-08

Golden Gate Capital to Buy Stake in Billing-Services Firm Bon Secours Mercy Health hospital system is selling a majority stake in its billing-software company to private-equity firm Golden Gate Capital in a deal that people familiar with the matter valued at roughly $1.2 billion....
03:30, 2019-05-30

UPDATE 1-Payments tech firm Nuvei to buy Britain's SafeCharge for $889 mln U.S. payments technology firm Nuvei Corp said it would buy SafeCharge International Group Ltd in an all-cash deal valued at $889 million to expand in the fast-growing electronic payments industry....
13:30, 2019-05-22

Payments tech firm Nuvei to buy Britain's SafeCharge for $889 million U.S. payments technology firm Nuvei Corp said it would buy SafeCharge International Group Ltd in an all-cash deal valued at $889 million to expand in the fast-growing electronic payments industry....
12:45, 2019-05-22

After Huawei, U.S. could blacklist Chinese surveillance tech firm: media The U.S. administration is considering Huawei-like sanctions on Chinese video surveillance firm Hikvision, media reports show, deepening worries that trade friction between the world's top two economies could be further inflamed....
12:00, 2019-05-22

Macquarie-backed MEIF 6 Fibre to buy UK telecoms firm KCOM Macquarie-backed MEIF 6 Fibre Ltd is to buy KCOM Group Plc in a deal valuing the British telecoms company at 627 million pounds ($787.51 million), after seeing off a British pension fund in a five-day auction which ended on Friday....
19:45, 2019-07-12

The US is reportedly considering blacklisting Chinese surveillance tech firm Hikvision The U.S. administration is considering limits to Chinese video surveillance firm Hikvision's ability to buy U.S. technology, the New York Times reported on Tuesday, deepening worries about trade frictions between the world's two top economies....
07:45, 2019-05-22

UPDATE 1-U.S. could blacklist Chinese surveillance tech firm Hikvision -NYT The U.S. administration is considering limits to Chinese video surveillance firm Hikvision's ability to buy U.S. technology, the New York Times reported on Tuesday, deepening worries about trade frictions between the world's two top economies....
05:00, 2019-05-22

Trump Administration Could Blacklist Chinese Surveillance Technology Firm The move against Hikvision would mark another step to counter China’s economic ambitions, and the first time the administration punished a company for China’s detention of Uighurs....
04:30, 2019-05-22

Former Australian PM Turnbull hired as adviser by global investment firm KKR & Co. has appointed former Australian Prime Minister Malcolm Turnbull as a senior adviser. He is not the first Australian premier to take up such a role after leaving office....
18:15, 2019-05-31

Private equity firm TPG looking to buy Capital Senior Living - Bloomberg Private equity firm TPG is looking to acquire senior living communities operator Capital Senior Living Corp, Bloomberg reported on Friday, citing people with knowledge of the matter....
18:45, 2019-05-31

GOP's Amash stands firm on Trump impeachment call On the question of whether President Donald Trump should be impeached, Rep. Justin Amash is the lone Republican saying "Yes." Outside the Capitol Building Tuesday, Amash said he is "defending the Constitution." (May 21)        ...
23:00, 2019-05-21

Regenerative medicine firm CollPlant launches Israel R&D center CollPlant, which makes products for tissue repair and organ manufacturing from its recombinant human collagen, has launched a new research and development center in Israel....
15:15, 2019-05-22

REFILE-US STOCKS-Futures dip on reports U.S. to target another Chinese firm U.S. stock index futures dipped on Wednesday, as fears of a possible escalation in the trade war between the United States and China were rekindled after reports that Washington could impose sanctions on another Chinese company....
16:15, 2019-05-22

Botswana hires Hollywood firm to fight elephant hunting PR The Botswanan government has enlisted a public relations firm with deep ties to Hollywood to push back against the bad publicity generated by the southern African nation’s decision to lift its ban on elephant hunting...
23:15, 2019-05-24

Leading forensics firm reportedly pays ransomware demand Eurofins Scientific, the leading forensic services outfit in the UK, has paid out to criminals who hit the company with a ransomware attack, according to a report.While Eurofins Scientific wouldn’t be drawn to comment on whether the ransom had been paid or not – only stating that it wa...
02:15, 2019-07-09

Cyber firm Deep Instinct gets deal to secure HP laptops HP Inc is working with Israeli cybersecurity firm Deep Instinct to launch HP Sure Sense to prevent advanced cyber attacks, the two companies said on Tuesday....
08:15, 2019-05-28

Firm tied to political donor to pay $110M in federal probe WASHINGTON (AP) — A payment processor run by a prominent political donor will pay $110 million to settle U.S. charges the company knowingly processed transactions for merchants engaging in frauds. The Federal Trade Commission announced this week that Allied Wallet, its chief executive Ahmad “A...
23:45, 2019-05-23

Israeli tycoon 'hired intelligence firm to influence tax policy' Idan Ofer allegedly hired Black Cube in 2014 but firm denies meeting and is suing TV showAn Israeli investigative TV show has claimed that one of the country’s richest men hired the Israeli intelligence firm Black Cube to dig up dirt on a cabinet minister. Black Cube denied the allegations. Idan Ofe...
12:30, 2019-06-07

Squeezed by sanctions, Venezuela sells oil to tiny Turkish firm With U.S. sanctions blocking Venezuela from selling oil to the United States, state-owned energy firm PDVSA has turned to several little-known buyers that include a tiny Turkish company with no refineries but ties to President Nicolas Maduro's government, according to internal documents and a PDVSA ...
20:30, 2019-07-08

U.S. pushes hard for a ban on Huawei in Europe, but the firm’s 5G prices are nearly irresistible The company can afford to provide such steep discounts in part because it has a silent partner: the Chinese government. And European officials, uncertain of Washington’s true intent, fear that recent security moves might be used as leverage in trade talks with Beijing....
04:45, 2019-05-29

Law firm Cravath Swaine & Moore moving 20 blocks south The law firm Cravath Swaine & Moore is preparing to move south — from West 50th Street to the mid-section of Two Manhattan West at West 30th St. — in a deal for about 350,000 square feet. Multiple sources now tell The Post, “[Brookfield] just shook hands with Cravath.” The legal eagles signed a term...
07:45, 2019-05-29

EMERGING MARKETS-Latam currencies firm on Fed rate cut signals Latin American currencies rose on Thursday after comments from U.S. Federal Reserve chief Jerome Powell boosted the prospects of an interest rate cut this month, with Brazil's markets buoyed by optimism over the government's pension reform. The Brazilian real jumped 0.4%, its fourth straight da...
18:15, 2019-07-11

VW-backed firm opens high-power UK charging station Ionity's 350kW station offer EV charging in under 20 minutes - although no EVs are yet capable of such charging capability Charging network Ionity, backed by car makers including Ford and Volkswagen, has opened the most powerful charging station for electric vehicles yet to launch in the UK, promi...
00:15, 2019-05-23

Trump Administration Could Blacklist China’s Hikvision, a Surveillance Firm The move against Hikvision would mark another step to counter China’s economic ambitions, and the first time the administration punished a company for China’s detention of Uighurs....
21:00, 2019-05-22

Macquarie's MEIF 6 Fibre unit to buy UK telecoms firm KCOM Macquarie unit MEIF 6 Fibre Ltd is to buy KCOM Group Plc in a deal that values the British telecoms company at 627 million pounds ($787.5 million), ending a bidding war with a UK pension fund....
01:00, 2019-07-13

Lukoil head says oil contamination losses insignificant to his firm: TASS Vagit Alekperov, president of Russia's Lukoil, said on Thursday he thought financial losses suffered by his company from contamination of the Russian Druzhba pipeline earlier this year were insignificant, TASS news agency reported....
15:15, 2019-06-06

Huawei Disputes U.S. Cyber Firm's Findings of Flaws in Gear Huawei has disputed the findings that said its gear is far more likely to contain flaws than equipment from rival companies, characterizing the analysis as incomplete and inaccurate....
15:15, 2019-07-05

Top Obama officials aid Chinese firm targeted by Trump order Two former top Obama administration officials are working on behalf of Huawei, even as the Chinese telecom giant faces a Trump administration that increasingly sees it as a threat to national security....
15:45, 2019-05-21

Hacked forensic firm pays ransom after malware attack Largest private provider Eurofins hands over undisclosed fee to regain control of systems Britain’s largest private forensics provider has paid a ransom to hackers after its IT systems were brought to a standstill by a cyber-attack, it has been reported.Eurofins, which is thought to carry out about ...
18:45, 2019-07-05

US ban on Huawei a ‘cynically timed’ blow in escalating trade war, says firm Top executive says dispute is about trade, not security, as US temporarily eases some restrictions to avoid hurting US companies The US ban on sharing technology with Huawei is a “cynically timed” blow in the escalating trade war between the US and China, the Chinese firm’s top executive in the UK h...
20:00, 2019-05-21

Swiss firm RUAG reaches for stars with pre-IPO spending spree Swiss defence and aerospace company RUAG is planning around a $500 million acquisition spree to cash in on a boom in private U.S. space projects inspired by billionaire Elon Musk's SpaceX....
13:15, 2019-06-05

Ex-Goldman Sachs VP told he ‘sounded too gay’ by co-workers sues firm A gay vice president at Goldman Sachs claims his sexual orientation was the subject of “office fodder” — and that he was once excluded from a conference call because he “sounds too gay,” according to a lawsuit filed Wednesday. William Littleton, 31, said he was abruptly fired...
19:15, 2019-06-05

Bayer hires law firm to probe Monsanto data collection Bayer on Tuesday hired law firm Sidley Austin to investigate a Europe-wide data collection scheme run by its Monsanto unit, which targeted journalists, politicians and other stakeholders to influence the debate on pesticides....
14:45, 2019-05-21

How Cognizant's digital evolution was derailed by an activist investment firm By constricting Cognizant's growth-first strategy during a time of re-invention and acquisitions, critics say that activist firm Elliot Management undermined the firm's pioneering efforts in the digital space in order to make some quick cash....
07:15, 2019-05-28

'There's no way to stop this': Oakland braces for the arrival of tech firm Square Twitter CEO Jack Dorsey has signed a deal to move his payments company to Oakland – which activists say will only exacerbate an already brutal housing crisisPhotographs by Jason HenryThe knocks on Maria Espinoza’s front door became a nightly occurrence.If the 60-year-old Oakland woman wasn’t home, h...
10:45, 2019-07-02

ABN AMRO fund invests in financial crime detection firm ThetaRay ABN AMRO's Digital Impact Fund said on Wednesday it has taken a stake in ThetaRay, an Israeli provider of big data analytics to combat financial cybercrime and operational failures....
14:45, 2019-06-12

Loretta Lynch, Former Attorney General, Is Joining a Top Law Firm Back in New York Paul Weiss has hired Ms. Lynch as a litigation partner, at a time when big law firms are under fire for not doing more to promote women and minorities....
19:30, 2019-05-28

Probe Agency Attaches Assets Worth Rs 94 Lakh Of Firm In CWG Scam Nine years after the Commonwealth Games (CWG) were held in India, the Enforcement Directorate on Wednesday said it has attached assets worth Rs 94.24 lakh of a company, which was involved in the......
23:45, 2019-07-03

Toyota may invest about $550 mln in China ride-hailing firm Didi - Nikkei Toyota Motor Corp is considering investing about 60 billion yen ($550 million) in Chinese ride-hailing giant Didi Chuxing, the Nikkei business daily reported on Wednesday....
03:45, 2019-05-29

F-35 jets: Chinese-owned firm making parts for secret UK-US fighters A Chinese-owned company is making circuit boards for the top secret next generation F-35 warplanes flown by Britain and the United States, Sky News can reveal....
18:45, 2019-06-14

Brazilian e-commerce firm B2W tests drones to tackle logistics challenges Brazilian retailer B2W Companhia Digital SA is testing the use of drones to transport products from its distribution centers and hubs to its stores, in a push to gain efficiency and tackle the country's complicated logistics and security issues....
04:45, 2019-07-05

U.S. eases curbs on Huawei; founder says clampdown underestimates Chinese firm The United States has temporarily eased trade restrictions on China's Huawei to minimize disruption for its customers, a move the founder of the world's largest telecoms equipment maker said meant little because it was already prepared for U.S. action....
14:45, 2019-05-21

Japanese ad firm Dentsu eyeing Farley Building office space Dentsu Americas, the US arm of the Tokyo-based ad firm, is making a play for the largest floor at the Farley Building at 390 Ninth Ave., sources say. The US Postal Service building is being redeveloped by Vornado Realty Trust into 740,000 square feet of office space on its four top levels with lobbi...
07:45, 2019-05-29

Kamala Harris took money from firm behind Jeffrey Epstein plea deal Presidential hopeful Kamala Harris ripped a law firm’s work on a controversial plea deal involving deep-pocketed pedophile Jeffrey Epstein — the same day she took money from some of its attorneys at a fundraiser. Harris had no problem allowing six partners from the firm, Kirkland & Ellis, help raise...
00:15, 2019-07-16

Stocks rise on firm rate-cut expectations though trade worries loom A broad index of stocks around the world edged higher on Thursday as comments from Federal Reserve Chairman Jerome Powell bolstered expectations for an interest-rate cut, though concerns about global trade tensions capped gains....
18:45, 2019-07-11

Consumer watchdog sues law firm that filed 99,000 debt-collection suits The Consumer Financial Protection Bureau's complaint against a New York debt-collection law firm alleges that its attorneys signed off on tens of thousands of lawsuits against consumers without vetting the facts....
15:00, 2019-05-21

EMERGING MARKETS-Brazil, Mexico currencies firm on U.S. rate cut prospects The currencies of Brazil and Mexico firmed on Wednesday, benefiting from prospects that the Federal Reserve will cut interest rates soon after data showed that U.S. inflation barely rose in May. The greenback held steady after a brief dip on the data. Emerging market currencies tend to firm on e...
17:15, 2019-06-12

Court orders mining firm Vale SA to pay all damage of Brazil dam collapse A Brazilian court has ordered a multinational mining company to pay for all damages caused by a dam collapse in January that killed nearly 250 people....
19:45, 2019-07-10

Police suspend work with major forensics firm after cyber-attack More than half of outsourced case work disrupted due to Eurofins security breachPolice have halted all work with the UK’s largest private forensics provider after a ransomware attack, in the latest crisis to hit the forensics sector.Eurofins, which carries out DNA analysis, toxicology, ballistics an...
20:45, 2019-06-21

CORRECTED-Brazil logistics firm Loggi raises $150 mln in new financing round Brazilian logistics company Loggi has raised $150 million in a new financing round led by Japan's Softbank, Microsoft Corp, GGV, Fifth Wall and Velt Partners, it said in a statement on Thursday....
18:15, 2019-06-06

Rahul Gandhi Won't "Abandon" Post, But Firm It's Time For Change: Sources Rahul Gandhi's first tweet since he told the Congress he wants to quit as its chief over the party's abysmal national election performance fueled speculation on Monday. In his tweet, he paid tribute......
09:45, 2019-05-27

EMERGING MARKETS-Latam FX firm, Mexican assets hit by poor GDP data Most Latin American currencies climbed on Friday as the dollar weakened, but Mexico's peso and stocks underperformed after data showed that its economy shrank in the first quarter. Regional currencies, except for Mexico's, rose between 0.2% and 0.6% as the greenback slipped after orders for U.S....
22:00, 2019-05-24

Hawaii firm aims to mass produce edible seaweed off coast KAILUA, Hawaii — A Hawaii company hopes to build an underwater farm that can produce large quantities of edible seaweed. The Honolulu Star-Advertiser reported Sunday that Kampachi Farms LLC is working to establish a farm to grow limu more than a mile off Kaiwi Point near Kailua on Hawaii Island. Lim...
06:30, 2019-06-17

Japan activist shareholder Murakami fails in bid for printing firm Kosaido Veteran activist shareholder Yoshiaki Murakami has failed to acquire a majority stake in printing firm Kosaido Co, his funds said on Thursday, blaming the setback on the entrenched practices of corporate Japan....
12:15, 2019-05-23

UBS loses role in bond deal for Chinese firm on outcry over pig comment UBS has lost a lead role on a U.S. dollar bond deal for state-backed China Railway Construction Corp, just days after a Chinese outcry over a senior UBS economist's use of "pig" in connection with Chinese food price inflation....
12:00, 2019-06-17

Pharma firm Gilead to raise Galapagos stake in $5.1 bln deal -report Gilead Sciences Inc will increase its stake in Galapagos NV and gain rights outside Europe to the Belgian-Dutch biotech firm's treatments in development in a $5.1 billion deal, the Wall Street Journal reported on Sunday....
19:00, 2019-07-14

Nigeria's state oil firm to change payment structure for joint ventures Nigeria's NNPC said on Thursday it was planning to change the way energy joint ventures paid operating costs to help ensure smooth financing for projects that have often struggled to secure timely contributions from the state-run oil firm....
21:15, 2019-07-04

NASA chooses technology firm Maxar for lunar platform project NASA has picked space technology company Maxar Technologies Inc as the first contractor to help build its Gateway platform in lunar orbit, a crucial outpost for America's mission to relay astronauts to the moon in 2024, the U.S. agency said on Thursday....
23:15, 2019-05-23

Israel auto safety firm TriEye raises $17 mln in Intel-led round Israeli startup TriEye, whose short-wave-infra-red sensing technology is designed to see in adverse weather and at night, said on Tuesday it raised $17 million in an early funding round led by Intel Capital....
16:15, 2019-05-28

Palestinian contractors poised for riches from Israeli tech firm's takeover Palestinian engineers working for Israeli chip designer Mellanox Technologies are poised to share a $3.5 million payout when the company's takeover by U.S. chip supplier Nvidia Corp is completed....
17:15, 2019-06-17

Treasury Sanctions Iraqi Firm Accused of Smuggling Arms for Iran The U.S. Treasury Department imposed sanctions on an Iraqi company it said had trafficked hundreds of millions of dollars in arms for Iran’s Islamic Revolutionary Guard Corps Quds Force....
20:45, 2019-06-12

Maersk family company steps into renewables with wind firm acquisition A.P. Moller Holding, which controls Danish shipping giant A.P. Moller-Maersk will acquire Danish wind turbine supplier KK Group, it said on Wednesday, in a first step into the renewable energy industry....
21:00, 2019-07-10

Software firm may have exposed North Carolina to election hackers in 2016 Voting system security is problematic enough, but one company might have unintentionally laid out a welcome mat for hackers. Politico claims VR Systems, a voting software firm targeted by Russians, took a gigantic risk in 2016 by using remote access......
12:15, 2019-06-06

Chinese Banks Demand $2.1 Billion From Embattled Anil Ambani's Firm Anil Ambani's older sibling and Asia's richest man Mukesh Ambani's Reliance Jio Infocomm Ltd. had earlier offered to purchase RCom's assets in a Rs 17,300-crore deal, which would have helped partly......
10:00, 2019-06-18

US SEC Sues Social Media Firm Kik for 'Illegal' Initial Coin Offering US Securities and Exchange Commission sued Kik on Tuesday, alleging it conducted an illegal $100 million securities offering of digital tokens in 2017....
21:45, 2019-06-05

PRECIOUS-Gold holds near 2-week low on firm dollar ahead of Fed minutes Gold steadied on Wednesday after falling to a more than two-week low in the previous session, as a stronger dollar dented demand for bullion ahead of the release of minutes from the U.S. Federal Reserve's latest meeting....
05:00, 2019-05-22

Exclusive: Buyout firm Apollo Global in the lead to acquire Shutterfly Private equity firm Apollo Global Management LLC is in the lead to acquire Shutterfly Inc after making the highest offer for the U.S. digital imaging company, people familiar with the matter said on Monday....
19:00, 2019-06-10

Brazil's healthcare firm Hapvida launches $700 mln share offering - filing Brazilian healthcare company Hapvida Participacoes e Investimentos SA launched a share offering that may raise up to 2.63 billion reais ($704 million), according to a securities filing on Friday....
18:15, 2019-07-13

Gold Prices Rise On Jewellers' Buying, Firm Global Trend Traders said sentiment turned bullish on the back of a pick-up in buying support from local jewellers and positive global trend which mainly drove gold prices higher....
21:15, 2019-05-31

UPDATE 2-Macquarie's MEIF 6 Fibre unit to buy UK telecoms firm KCOM Macquarie unit MEIF 6 Fibre Ltd is to buy KCOM Group Plc in a deal that values the British telecoms company at 627 million pounds ($787.5 million), ending a bidding war with a UK pension fund....
20:45, 2019-07-12

China to stand firm as trade talks with U.S. restart: state media Upcoming trade talks between the leaders of China and the United States are unlikely to immediately resolve major disagreements between the two sides but could start a new phase in negotiations, Chinese state media said on Thursday....
03:45, 2019-06-20

Huawei Selling Stake in Undersea-Cable Firm as U.S. Pressure Mounts China’s Huawei Technologies plans to sell its majority stake in an undersea-cable venture, in a move that follows a U.S. pressure campaign against Huawei and efforts to block the cable venture’s projects....
15:30, 2019-06-03

Republican senators urge EPA to hold firm on refinery biofuel waivers Nine Republican U.S. senators on Wednesday urged the Trump administration's environmental regulator to disregard a request by Democratic senators to stop issuing waivers to oil refiners on requirements to blend biofuels into motor fuels....
19:15, 2019-06-27

At Huawei headquarters, signs that the Chinese firm is digging in for a long battle with U.S. The Trump administration has called the tech giant a threat to U.S. national security and taken steps in recent months to undermine Huawei’s business....
02:45, 2019-06-24

Bayer teams up with biotech firm Arvinas in deal worth up to $750 million German drugmaker Bayer has signed an alliance with Arvinas Inc to gain access to the U.S. biotech firm's experimental protein drugs and crop protection technology in a deal worth up to $750 million....
20:45, 2019-06-04

Teneo Agrees to Sell Majority Stake to Private-Equity Firm Teneo Holdings LLC—the communications and advisory firm known for counseling the CEOs of some of the world’s largest companies—has agreed to sell a slight majority stake to private-equity investor CVC Capital Partners, according to people familiar with the matter....
22:00, 2019-06-07

U.S. SEC sues social media firm Kik for 'illegal' initial coin offering The U.S. Securities and Exchange Commission sued social media company Kik Interactive Inc on Tuesday, alleging it conducted an illegal $100 million securities offering of digital tokens in 2017....
22:15, 2019-06-04

Cotton warns 'attack on a U.S. ship' will happen without 'firm' response to Iran Sen. Tom Cotton, R-Ariz., member of the Senate Armed Services and Intelligence Committees, said that recent actions from Iran deserved a proper response, and warned that if the Islamic republic does not go unchecked, they will only increase their hostilities towards the U.S....
20:15, 2019-06-23

LabCorp Patient Data Affected in Breach of Collection Firm's Systems Medical-testing giant Laboratory Corp. of America said 7.7 million of its patients may be affected by the same data breach at a collections firm that also did business with Quest Diagnostics Inc....
14:15, 2019-06-05

China's Geely picks Swedish software firm for driverless cars China's Geely has chosen Zenuity, a joint venture between its Volvo car marque and Swedish technology group Veoneer, as its preferred supplier for assisted and self driving software....
16:00, 2019-06-19

Saudi Arabia says firm Arab stand needed to deter Iran Saudi Arabia's king told an emergency Arab summit on Thursday that decisive action was needed to stop Iranian "escalations" in the region following attacks on Gulf oil assets, as American officials said a U.S. military deployment had deterred Tehran....
01:15, 2019-05-31

UK institute, Belgian firm team up for African swine fever treatment Britain's Pirbright Institute is partnering with Belgian biotechnology company ViroVet to develop the first antiviral drugs that act against African Swine Fever (ASF), according to a joint statement issued on Wednesday....
18:30, 2019-05-29

Crystal Palace hold firm over Aaron Wan-Bissaka as Man Utd plan next move Crystal Palace are maintaining their strong stance with Aaron Wan-Bissaka after rejecting a second bid of around £50m from Manchester United for the defender....
13:15, 2019-06-18

Alphabet's moonshot security firm Chronicle joins Google Cloud Chronicle has lived as an independent subsidiary of Alphabet, where it developed a cybersecurity intelligence and analytics platform using Google-originated techniques....
21:15, 2019-06-27

Singapore firm opens online marketplace for maritime suppliers, buyers Offering more than 10,000 product listings, Marine Online's e-commerce site features 4,000 service providers that provide 10 marine services including bunkering and ship supply and aims to help cut operational costs and drive transparency for the industry....
19:30, 2019-06-05

China's Geely selects Swedish software firm as driverless car supplier China's Geely has picked Zenuity, a joint venture between its Volvo car marque and Swedish technology group Veoneer , as its preferred supplier for assisted and self driving software....
12:30, 2019-06-19

Malaysia Seizes $240 Million From Chinese State Firm's Account: Report Malaysia has seized more than 1 billion ringgit ($243.25 million) from a bank account of state-owned China Petroleum Pipeline Engineering Ltd (CPP), the Straits Times newspaper said on Saturday....
16:00, 2019-07-14

Thomas Cook enlists China's Fosun to salvage oldest travel firm Thomas Cook is negotiating a 750 million pound ($941 million) rescue that will give Fosun Tourism , its biggest investor, control of the indebted British group's package-tour business, in a blow to other shareholders....
18:00, 2019-07-12

Brazil power firm Light prices offering at 18.75 reais per share -sources Brazilian power company Light SA priced its shares at 18.75 reais ($4.99) per share in a primary and secondary offering, two sources with knowledge of the matter said....
06:15, 2019-07-12

Real Estate Title Firm’s Lapse Exposes Data In 885M Files SANTA ANA, Calif. (AP) — A respected security blog is reporting that a flaw on the website of a major real estate title company exposed the bank account numbers and other sensitive information contained in 885 million files. Krebs On Security says the data collected by First American Financial could...
14:45, 2019-05-25

China suspending pork imports from third Canadian firm as dispute with Ottawa deepens China will block pork imports from a third Canadian firm after a shipment was found to contain the banned feed additive ractopamine, the customs agency said on Tuesday, deepening a trade and diplomatic dispute with Canada....
00:45, 2019-06-19

Thomas Cook turns to China's Fosun to save oldest travel firm Thomas Cook is in talks on a 750 million pound ($941 million) bailout that will give its largest investor Fosun Tourism control of the indebted British group's package-tour business, in a blow to other shareholders....
14:15, 2019-07-12

CORRECTED-EMERGING MARKETS-Latin American currencies firm against stronger dollar Most Latin American currencies firmed on Tuesday, with Mexico's peso cutting some losses to trade marginally higher against a stronger dollar. President Andres Manuel Lopez Obrador on Monday said he would discuss ways to reduce the tax burden of state oil firm Pemex. The peso was 0.2% highe...
02:00, 2019-05-22

Susan Rice, Other Politicos Join Global-Focused Venture Firm Amplo The Houston-area firm, founded by 27-year-old Sheel Tyle, a former entrepreneur and investor at New Enterprise Associates and Bessemer Venture Partners, focuses on international deals that have a social-impact component....
09:45, 2019-05-23

‘He always brings them up’: Trump tries to steer border wall deal to North Dakota firm Exclusive: Fisher Industries, which claims it can build the barrier faster and cheaper than Army Corps of Engineers, has started work on private section of barrier in New Mexico....
02:00, 2019-05-24

Harley-Davidson will team with Chinese firm to make motorcycle for Asian market Harley-Davidson Inc. and a Chinese firm will manufacture a "smaller, more accessible" motorcycle for sale at Harley dealerships in China next year.       ...
01:00, 2019-06-20

Apple Design Chief, Steve Jobs' Confidant, To Leave And Start Own Firm Jony Ive, a close creative collaborator with Apple Inc co-founder Steve Jobs whose iPhone and other designs fueled Apple's rise to a $1 trillion company, will leave later this year to form an......
05:00, 2019-06-28

Were images of Arizona Diamondbacks' potential new stadium leaked by architectural firm? An architectural firm might have offered a sneak peek at what the home of the Arizona Diamondbacks could look like.        ...
17:30, 2019-05-21

U.S. targets Russian firm for allegedly helping North Korea evade sanctions The United States has sanctioned a Russian financial institution for allegedly helping North Korea evade financial sanctions by assisting a company linked to Pyongyang's primary foreign exchange bank, the U.S. Treasury Department said on Wednesday....
21:30, 2019-06-19

Britain's oldest travel firm has seen its stock fall 93% in a year, and it's now set for a Chinese bailout Britain's most historic travel company saw its share price fall by 46% on Friday after it revealed talks with its largest shareholder would effectively result in a Chinese takeover....
19:30, 2019-07-12

Insurance firm Legal & General adopts Amazon’s blockchain for pension deals Legal & General, a multinational British insurer, has partnered with Amazon to create a blockchain system for corporate pension deals. According to Reuters, Legal & General will be using Amazon Web Services’ managed blockchain system to process bulk annuities – benefit pension schemes sold by compan...
18:15, 2019-06-12

Saudi Arabia says firm stand needed to deter Iran, Iraq demurs Saudi Arabia's king told an emergency Arab summit on Friday that decisive action was needed to stop Iranian "escalations" in the region following attacks on Gulf oil assets, as American officials said a U.S. military deployment had deterred Tehran....
07:45, 2019-05-31

White House stands firm on Monday deadline for Mexico tariffs: spokeswoman The White House is standing firm on its position that Mexico must make take significant new steps to halt the surge of Central American migrants by Monday, or face tariffs on its exports to the United States, spokeswoman Sarah Sanders said on Thursday....
01:15, 2019-06-07

Blood-testing firm Quest Diagnostics says data breach may have exposed 12M patients The world's largest blood-testing firm said Monday a security breach has compromised the sensitive personal information of nearly 12 million patients....
00:01, 2019-06-04

Toyota may invest about $550 million in China ride-hailing firm Didi: Nikkei Toyota Motor Corp is considering investing about 60 billion yen ($550 million) in Chinese ride-hailing giant Didi Chuxing, the Nikkei business daily reported on Wednesday....
03:45, 2019-05-29

CUNY hires high-priced law firm to handle sexual misconduct allegations The board of the public university system approved spending up to $1.5 million to hire high-powered law firm Covington & Burling to investigate “various claims.”...
23:00, 2019-07-06

Child Rights Body Says J&J Baby Shampoo "Harmful", Firm Insists It's Safe Top Indian child rights body has directed the American multinational company Johnson and Johnson to immediately withdraw a batch of its baby shampoo that it said allegedly contained "harmful"......
18:30, 2019-05-28

South Korean firm Yanolja that reinvented love hotels gets Booking, GIC funding Yanolja's gentrification of South Korean love hotels has brought the company a valuation of more than $1 billion from investors keen to capitalize on the globalization of a novel approach to short-stay accommodation, its chief executive told Reuters....
22:45, 2019-06-11

Duke star Zion Williamson suing Florida sports marketing firm Duke Blue Devils star Zion Williamson is suing a Florida sports marketing firm to terminate his contract, saying the deal violated North Carolina law....
05:45, 2019-06-14

Risky partner: Top U.S. universities took funds from Chinese firm tied to Xinjiang security The Massachusetts Institute of Technology and at least one other university have research partnerships with a Chinese artificial intelligence company that has business ties with police in China's Xinjiang region, where a sweeping crackdown on Uighurs has drawn international condemnation....
03:45, 2019-06-13

Trump, May to discuss Chinese firm Huawei in London next week: British official U.S. President Donald Trump and British Prime Minister Theresa May will discuss Chinese technology company Huawei Technologies and the effort to build a fifth generation cellular network during the U.S. leader's visit to London next week, a British official said on Thursday....
19:00, 2019-05-30

Rocket firm Relativity signs lease with NASA for new robotic 3D printing factory Relativity Space, a venture-backed rocket maker, said on Tuesday it will lease space from NASA in Mississippi, where its gigantic 3D printers will produce low-cost rockets to be used to launch small-payload satellites into orbit....
22:30, 2019-06-11

UPDATE 3-Construction firm SNC-Lavalin names interim CEO, announces strategic review SNC-Lavalin Group Inc, weighed by weakness in its mining division and a surprise loss last month in its construction business, named an interim CEO and announced a quick strategic review on Tuesday, boosting its slumping shares as investors hoped for a turnaround....
21:30, 2019-06-11

Toyota reportedly may invest about $550 million in China ride-hailing firm Didi Toyota Motor is considering investing about $550 million in Chinese ride-hailing giant Didi Chuxing, the Nikkei business daily reported on Wednesday....
17:15, 2019-05-29

UPDATE 1-Private equity firm Digital Colony raises $4.05 bln for infrastructure fund Digital Colony, a private equity firm backed by U.S. real estate investor Thomas Barrack and Digital Bridge Holdings, said on Wednesday it had raised $4.05 billion to invest in digital infrastructure, seeking to capitalize on new technologies such as 5G wireless networks....
17:30, 2019-06-05

Exclusive: U.S. panel okays SoftBank's $2.25 billion investment in GM-linked self-driving firm A U.S. national security panel on Friday approved a $2.25 billion investment by Japan's Softbank in Cruise, a self-driving vehicle firm majority owned by GM, the unit told Reuters, signaling some leeway for investors with deep ties to China....
03:15, 2019-07-06

Google suspends some business with Huawei after Trump order blacklists Chinese tech firm Google said Monday its basic services on Huawei smartphones still will function following U.S. sales curbs, but the Chinese tech giant faces the possible loss of other features and support....
16:45, 2019-05-21

Exclusive: Space firm founded by billionaire Paul Allen closing operations - sources Stratolaunch Systems Corporation, the space company founded by late billionaire and Microsoft Corp co-founder Paul Allen, is closing operations, cutting short ambitious plans to challenge traditional aerospace companies in a new "space race," four people familiar with the matter said on Friday....
22:30, 2019-05-31

The world's largest shipping firm warns of 'considerable uncertainties' as trade tensions rise Danish shipping group A.P. Moller-Maersk on Friday posted first-quarter profit close to expectations and warned that trade tensions and slowing economic growth constitute "considerable uncertainties."...
11:15, 2019-05-24

Trump attorneys appeal ruling ordering accounting firm to hand over records to Congress President Donald Trump's attorneys are appealing a ruling by a federal judge ordering an accounting firm to comply with a congressional subpoena, acting fast on the one-week window until the firm turns over Trump's personal, business and charity financial records and communications to House Democrat...
23:45, 2019-05-21

CPAC's Schlapp leads in Senate race, NBC in bulletproof studio, 'Seven Letter,' new bipartisan PR firm Pressure is building on Matt Schlapp, chairman of the American Conservative Union and the face of the annual Conservative Political Action Conference gathering, to run for Senate in Kansas if Secretary of State Mike Pompeo, a former Kansas House member, doesn’t....
17:15, 2019-06-20

Proposed extradition bill could get Hong Kong entangled in the US-China tussle, research firm says Hong Kong runs the risk of losing its special customs status with the U.S. if its autonomy is seen to be eroded with the contentious extradition bill, according to one analyst....
11:30, 2019-06-14

UPDATE 6-China suspending pork imports from 3rd Canadian firm as dispute with Ottawa deepens China will block pork imports from a third Canadian firm after a shipment was found to contain the banned feed additive ractopamine, the customs agency said on Tuesday, deepening a trade and diplomatic dispute with Canada....
01:45, 2019-06-19

Saudi Arabia says firm Arab stand needed to deter Iran — but Iraq objects Saudi Arabia's King Salman told an emergency Arab summit on Thursday that decisive action was needed to stop Iranian "escalations" in the region following attacks on Gulf oil assets....
09:45, 2019-05-31

UPDATE 2-Brazil power firm Light confirms price offering at 18.75 reais per share Brazilian power company Light SA priced its shares at 18.75 reais ($4.99) per share in a primary and secondary offering that raised 2.5 billion reais ($665.57 million), the company said in a securities filing on Friday....
14:15, 2019-07-12

Apple design chief Jony Ive, Steve Jobs' confidant, to leave and start own firm Apple Inc said on Thursday its Chief Design Officer Jony Ive - a close artistic confidant of founder Steve Jobs and a critical part of the firm's late 1990s revival and historic growth into the world's first $1 trillion company - will leave the iPhone maker later this year to form an independent des...
00:15, 2019-06-28

EMERGING MARKETS-Most Latam FX firm; Mexican peso awaits tariff news from third day of talks Most Latin American currencies firmed on Friday as the dollar was pressured by much weaker-than-expected U.S. jobs data, while Mexico's peso was little changed ahead of trade and migration talks between Mexico and United States set to resume for a third day. The greenback slid after data showed ...
17:45, 2019-06-07

Morgan Stanley executive suggested senator wife's girlfriend be paid through private firm Connecticut state Sen. Alex Bergstein's divorce case with her husband, Morgan Stanley managing director Seth Bergstein, has exposed her romantic relationship with her former campaign manager, Nichola Samponaro....
19:30, 2019-05-21

UPDATE 1-Brazil power firm Light prices offering at 18.75 reais per share -sources Brazilian power company Light SA priced its shares at 18.75 reais ($4.99) per share in a primary and secondary offering that raised 2.5 billion reais ($665.57 million), two sources with knowledge of the matter said....
06:15, 2019-07-12

Exclusive: Top Japanese chip gear firm to honor U.S. blacklist of Chinese firms - executive Japan's Tokyo Electron, the world's No.3 supplier of semiconductor manufacturing equipment, will not supply to Chinese clients blacklisted by Washington, a senior company executive told Reuters....
09:00, 2019-06-11

Security firm: North Korean hackers shifted focus from causing chaos to acquiring money A group of suspected North Korean hackers seem to have shifted their focus to earning hard currency for the impoverished country since 2016, a global cybersecurity firm said Thursday....
11:01, 2019-05-23

'Pharma bro' Shkreli settles case with Retrophin weeks after suing drug firm's directors from prison Notorious "pharma bro" Martin Shkreli has reached a settlement with his former biopharmaceutical company Retrophin just weeks ago after he sued two company directors and its ex-general counsel from prison. Shkreli has dismissed his suit....
19:30, 2019-06-20

UPDATE 5-Apple design chief Jony Ive, Steve Jobs' confidant, to leave and start own firm Jony Ive, a close creative collaborator with Apple Inc co-founder Steve Jobs whose iPhone and other designs fueled Apple's rise to a $1 trillion company, will leave later this year to form an independent design company....
05:30, 2019-06-28

UN Human Rights Council stands firm on LGBTI violence, Syria detainees and Philippines ‘war on drugs’ The 41st session of the United Nations Human Rights Council ended on Friday with measures taken to address worrying developments in Eritrea, Syria and the Philippines, along with other issues of global concern, such as violence and discrimination against the LGBTI community....
02:15, 2019-07-13

An Amazon executive snapped back at John Oliver after his stinging attack on the firm's 'brutal' working conditions Bryan Bedder/Stringer/Getty John Oliver ran a segment on Sunday's "Last Week Tonight" criticising the working conditions in Amazon warehouses and other logistics centers. Oliver said Amazon's success was built on "creating a system that squeezes the people lowest on the ladder hard." Dave Clark, Am...
18:00, 2019-07-02

US migrant crisis: Trump stands firm on border stance hours after harrowing picture of dead father and daughter emerges Donald Trump reiterated his support for strict border control today, as the country was shamed by a picture of a father and daughter who drowned trying to reach the US....
19:30, 2019-06-27

Deutsche Bank: is it really different this time? Christian Sewing has set the bank a difficult task of cutting businesses and costs yet growing revenues in the next three years; not everyone is convinced it can do both...
03:45, 2019-07-09

Deutsche Bank's Best Shot May Not Be Enough In theory, Deutsche Bank’s strategic reset is as sensible as it is overdue. In practice, it will require flawless execution and may not go far enough....
18:15, 2019-07-08

Central Bank Independence After inflation ran amok in the 1960s and 1970s, many central bankers fought for, and won, more freedom to control interest rates and set other monetary policy decisions without political interference. Their shields began to crack after the 2008 financial crisis. In the years since the bankers deplo...
20:45, 2019-07-08

Deutsche Bank to axe 18,000 jobs Deutsche Bank says it will cut 18,000 jobs by 2022 as part of a major restructuring of the embattled bank. For years, Germany's biggest lender has suffered from weak performance and legal woes....
19:00, 2019-07-07