Dividend windfall: Santander latest target in Germany’s giant fraud probe
FRANKFURT (Reuters) – Spain’s Santander (SAN.MC) is the latest bank to be caught up in Germany’s biggest post-war fraud investigation…
Danske shares slide as U.S. criminal inquiry spooks investors
COPENHAGEN (Reuters) – Danske Bank’s (DANSKE.CO) deepening money laundering scandal dragged its shares to a four-year low on Friday as…
U.S. new home sales rebound in August, but trend softening
WASHINGTON (Reuters) – Sales of new U.S. single-family homes rebounded in August after two straight monthly declines, but the underlying…
Fed likely to lift rates, possibly end ‘accommodative’ policy era
WASHINGTON (Reuters) – With the Federal Reserve widely expected to raise interest rates on Wednesday, financial markets are focused on…
Uber’s strongest growth comes in depressed Argentina — minus commissions
BUENOS AIRES/SAO PAULO (Reuters) – Uber’s fastest-growing market in the world is now Argentina, company executives say, attributing the expansion…
SEC orders Citigroup to pay $12 million to settle dark pool probe
(Reuters) – Citigroup Inc was ordered to pay more than $12 million by U.S. regulators on Friday after it was…
VW faces 9.2 billion euros investor suit over dieselgate scandal
FRANKFURT (Reuters) – Volkswagen faces a trial next week as investors seek 9.2 billion euros ($10.7 billion) in compensation arguing…
Steinhoff’s former CEO says not aware of accounting irregularities at company
CAPE TOWN (Reuters) – Steinhoff’s former chief executive, Markus Jooste, told a parliamentary inquiry investigating an accounting scandal at the…
Deutsche Bank to exit Eurostoxx 50 in blow to lender: documents
FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) will be booted from the Eurostoxx 50 index of leading European stocks, documents seen…
Predicting Trump: Chinese turn to fortune tellers to divine trade war
SHANGHAI (Reuters) – As analysts crunch trade data and political commentators dissect official statements for signs of how the Sino-American…
UK auditors, watchdog to discuss curbs on Big Four market share
LONDON (Reuters) – Britain’s top accountants will meet with competition regulators next week to discuss limiting the “Big Four” auditors’…
Siemens denies report it may cut 20,000 jobs
MUNICH/BERLIN (Reuters) – German engineering giant Siemens (SIEGn.DE) said a report by monthly Manager Magazin that it could cut 20,000…
No-deal Brexit will bring tangle of red tape, Britain warns companies
LONDON (Reuters) – Britain on Thursday told companies trading with the European Union they would face a tangle of red…
Thyssenkrupp needs new strategy, targets not enough: investor
DUESSELDORF (Reuters) – Thyssenkrupp (TKAG.DE) needs a broad overhaul in strategy carried about by a new external chief executive, as…
Buffett’s Berkshire offers loan to owner of former Sears properties
NEW YORK (Reuters) – Billionaire Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) is loaning up to $2 billion to the company…
CBS probes misconduct claims against CEO Moonves amid legal battle
(Reuters) – U.S. broadcasting and media company CBS Corp (CBS.N) said on Friday it was investigating allegations of personal misconduct…
Thyssenkrupp in leadership turmoil as chairman quits
DUESSELDORF/FRANKFURT (Reuters) – The chairman of Germany’s Thyssenkrupp (TKAG.DE) has resigned, following the company’s chief executive under pressure from activist…
Conagra to buy Pinnacle for $8.1 billion, creating frozen food powerhouse
(Reuters) – Conagra Brands Inc (CAG.N) said on Wednesday it would buy Pinnacle Foods Inc (PF.N) for about $8.1 billion,…
Uber battles to keep London license in court appeal
LONDON (Reuters) – Uber goes to court on Monday to overturn a decision stripping it of its license in London…
Qualcomm-NXP deal still waiting for China nod: sources
BEIJING/SHANGHAI (Reuters) – China is yet to approve U.S. chipmaker Qualcomm Inc’s (QCOM.O) proposed $44 billion acquisition of NXP Semiconductors…
Britain could sell 10 percent stake in RBS as soon as this week: Sky News
LONDON (Reuters) – Britain could sell a 10 percent stake in Royal Bank of Scotland (RBS.L) as soon as this…
New privacy law forces some U.S. media offline in Europe
LONDON (Reuters) – Major U.S.-media outlets including the LA Times and Chicago Tribune were forced to shutter their websites in…
Apple pays Ireland first tranche of disputed taxes
DUBLIN (Reuters) – Apple has paid 1.5 billion euros ($1.18 billion) into an escrow account set up by the Irish…
Sivantos and Widex in $8 billion merger to create No.3 in hearing aids
COPENHAGEN/FRANKFURT (Reuters) – Hearing aid makers Widex and Sivantos are merging to create an industry number three that can invest…
A bid to save $300 million at HCR ManorCare, and disrupt U.S. healthcare
CHICAGO (Reuters) – Thomas DeRosa is making a $4 billion bet that he can build a national, low-cost healthcare network…
HSBC says performs first trade finance deal using single blockchain system
HONG KONG (Reuters) – HSBC Holdings Plc (HSBA.L) said on Monday it has performed the world’s first trade finance transaction…
JPMorgan submits application for majority-owned China securities business
HONG KONG (Reuters) – JPMorgan Chase & Co (JPM.N) said on Monday it had submitted an application to the Chinese…
HSBC says performs first trade finance transaction using blockchain
HONG KONG (Reuters) – HSBC Holdings Plc (HSBA.L) said on Monday it had performed the world’s first trade finance transaction…
Walmart may launch IPO for Flipkart in as early as four years
MUMBAI (Reuters) – Walmart Inc (WMT.N) said on Saturday in a filing with a U.S. regulator that it may take…
Exclusive: Hudson’s Bay seeks to revive Lord & Taylor’s fortunes
(Reuters) – Hudson’s Bay Co (HBC.TO) is working with investment bankers and consultants to identify deals and new measures to…
Exclusive: Comcast prepares all-cash bid to gate-crash Disney-Fox deal – sources
(Reuters) – U.S. cable operator Comcast Corp is asking investment banks to increase a bridge financing facility by as much…
Wells Fargo to pay $480 million to resolve lawsuit related to sales scandal
(Reuters) – Wells Fargo & Co said on Friday it will pay $480 million to resolve a securities fraud lawsuit…
Ex-Volkswagen CEO Winterkorn charged in U.S. over diesel scandal
WASHINGTON (Reuters) – The U.S. Justice Department on Thursday disclosed the filing of criminal charges against former Volkswagen AG (VOWG_p.DE)…
Canadian exchange operator TMX blames hardware failure for outage
TORONTO (Reuters) – Canada’s largest stock exchange operator said on Saturday that the failure of data storage equipment caused an…
Treasury chief may visit China as trade tensions simmer
WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Saturday he may travel to China, a move that could…
Multiple ‘No’ votes at Deutsche Bank’s April 8 meet to change CEO – sources
FRANKFURT (Reuters) – Multiple supervisory board members cast dissenting votes at a meeting that reshuffled top management at Deutsche Bank…
Ford tells WPP it will take bids from other ad agencies
LONDON (Reuters) – Ford Motor Company (F.N) said on Saturday it will take bids on some of its advertising managed…
Carl Icahn buys stake in software provider VMware: CNBC
(Reuters) – Billionaire investor Carl Icahn has acquired a stake in cloud computing platform VMware Inc (VMW.N), CNBC reported on…
Australia government says banking executives responsible for misconduct could face jail
SYDNEY (Reuters) – Australian Treasurer Scott Morrison warned on Wednesday that financial sector executives responsible for widespread breaches of corporate…
Ad king Sorrell's abdication leaves WPP at crossroads
LONDON (Reuters) – Martin Sorrell’s sudden exit from WPP marks a shocking end to the career of a chief executive…
Martin Sorrell quits as head of world’s biggest ad group WPP
LONDON (Reuters) – Martin Sorrell, who built WPP into the world’s biggest advertising agency through 33 years of dealmaking, quit…
Deutsche Bank picks insider Christian Sewing as new CEO: sources
FRANKFURT (Reuters) – Christian Sewing, currently co-deputy chief executive officer of Deutsche Bank (DBKGn.DE), is to become the new CEO…
Volkswagen shareholder against reelection of Wolfgang Porsche to board: report
FRANKFURT (Reuters) – A prominent Volkswagen (VOWG_p.DE) shareholder is urging investors to vote against the reelection of Wolfgang Porsche as…
Exchange operator CME Group to buy Britain’s NEX for $5.5 billion
LONDON (Reuters) – U.S. exchange operator CME Group has agreed to buy NEX Group for $5.5 billion to create a…
Citi sets restrictions on gun sales by retail clients
(Reuters) – Citigroup Inc added restrictions on firearms sales for new retail-sector clients, the Wall Street bank said citi.us/2FVnjJj on…