Bank of America pays $42 million fine in New York ‘masking’ probe
NEW YORK (Reuters) – Bank of America Corp (BAC.N) will pay a $42 million fine and admitted wrongdoing to settle claims by New York’s attorney general that it fraudulently routed…
Spotify says about two million users suppressing ads without paying
(Reuters) – Music streaming service Spotify Technology SA said on Friday about 2 million of its non-paying users were suppressing advertisements, highlighting a potential revenue risk for the soon-to-be public…
U.S. lawmakers formally ask Facebook CEO to testify on user data
WASHINGTON (Reuters) – U.S. lawmakers on Friday formally asked Facebook Inc’s (FB.O) Mark Zuckerberg to explain at a Washington hearing how 50 million users’ data got into the hands of…
Success for Uber’s direct loan despite driverless fatality
NEW YORK (LPC) – Uber Technologies’ self-arranged term loan B was increased to US$1.5bn, justifying the taxi app company’s unconventional approach to raising the loan and succeeding despite news that…
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 Thursday, the strongest move to date by a major U.S.…
Hyundai Motor shares tumble following U.S. probe of air bag failures
SEOUL (Reuters) – Shares of Hyundai Motor slid on Monday after a U.S. regulator said it had opened a probe into why some air bags failed to deploy in Hyundai…
Trump to propose arming school staff, raising gun purchase age
WASHINGTON (Reuters) – U.S. President Donald Trump will propose arming school staff and raising the minimum age to 21 to purchase certain firearms in a school safety proposal that the…
U.S. states with more support for midwives have better birth outcomes
(Reuters Health) – States with laws that make it easier for midwives to care for pregnant women and deliver babies may have better birth outcomes than states where it’s harder…
Broadcom promises on security, Qualcomm revamps board
(Reuters) – Broadcom Ltd (AVGO.O) has promised not to sell critical national security assets to foreign buyers if its deal to buy chipmaker Qualcomm Inc (QCOM.O) is approved, another effort…
Rhode Island doctor in Insys opioid kickback probe faces sentencing
(Reuters) – A Rhode Island doctor is to be sentenced on Friday after admitting that he took kickbacks from Insys Therapeutics Inc in exchange for prescribing a fentanyl-based cancer pain…