Accounting firm KPMG LLC has admitted to using stolen information to alter some of its previous audit work and cheating on training exams, and agreed to pay a $50 million penalty, the Securities and Exchange Commission said on Monday.
U.S. stocks ticked higher on Monday, with the tech-heavy Nasdaq powering ahead, as investors awaited a pivotal Federal Reserve meeting for clues on the path ahead for interest rates.
Britain hopes that U.S. President Donald Trump and Chinese President Xi Jinping can make progress on easing trade tensions when they meet later this month at a summit of world leaders in Japan, British finance minister Philip Hammond said.
Citigroup Inc said on Monday it is combining its Foreign Exchange & Local Markets and G10 currencies businesses into one unit.
Hundreds of U.S. businesses from local bridal shops to multi-billion dollar retailers have submitted comments to the U.S. Trade Representative’s Office opposing President Donald Trump’s plan to slap tariffs on another $300 billion of Chinese imports.
Patrick Drahi, the billionaire behind telecoms and media group Altice, has agreed to buy art auction house Sotheby’s in a deal worth $3.7 billion on an enterprise value basis.
U.S. stocks eked out gains at the open on Monday, as focus shifted to a pivotal Federal Reserve meeting that could lay the groundwork for an interest rate cut later this year.
Boeing Co raised its rolling 20-year industry forecast for passenger aircraft by 3% on Monday, fueled by strong air traffic predictions, though global geopolitical and economic risks could upset the rosy outlook.
Art auction house Sotheby’s said on Monday it would be taken private for $2.66 billion by a company owned by Altice Europe founder Patrick Drahi.
Silicon Valley billionaire Elon Musk tweeted https://twitter.com/elonmusk/status/1140481957341495296 late on Sunday that he had “just deleted” his Twitter account, while also changing his Twitter display name to “Daddy DotCom”.
Luxury fashion group Chanel, whose star designer Karl Lagerfeld passed away in February, reported higher annual sales and profits on Monday and once again reaffirmed its independence, stating it was not for sale.
Boeing Co said on Monday it would supply parts for A320 jetliners made by its competitor Airbus to supply British Airways, the first such agreement by the U.S. planemaker to support an Airbus aircraft.
Luxury fashion group Chanel, whose star designer Karl Lagerfeld passed away earlier this year, reported higher annual sales and profits on Monday and once again reaffirmed its independence, stating it was not for sale.
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.
Pfizer Inc said on Monday it would acquire Array Biopharma Inc for $10.64 billion in cash to beef up its cancer portfolio as it faces rising generic competition for its blockbuster drugs.
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