Business & Finance News
NEW YORK (Reuters) – The New York investment adviser deVere USA Inc agreed on Monday to pay an $8 million civil fine to settle U.S. Securities and Exchange Commission charges it failed to disclose conflicts of interest to hundreds of clients with UK pensions.
TORONTO (Reuters) – Canada’s retaliation against U.S. President Donald Trump’s steel and aluminum tariffs includes proposed duties on maple syrup, a nod to a national symbol and a powerful industry in the French-speaking province of Quebec that could hurt producers in Maine.
New York (Reuters) – Technology stocks led the market higher on Monday as Apple and Microsoft boosted the sector after the iPhone maker kicked off its annual developers conference and the Windows software maker announced an acquisition.
SAN JOSE (Reuters) – Apple Inc on Monday unveiled the latest version of its operating system for the iPhone and iPad, iOS 12, saying it would make older devices such as the iPhone 6 work better.
TORONTO/NEW YORK (Reuters) – ConocoPhillips is preparing to offload its stake in Cenovus Energy Inc that it acquired as part of an asset sale to the Canadian oil and gas producer last year, people familiar with the matter told Reuters.
(Reuters) – Apple and Microsoft led a rally in technology stocks on Monday, driving U.S. stocks higher, after the iPhone maker kicked off its annual developers conference and the Windows software maker snagged a popular coding website.
PARIS/NEW YORK (Reuters) – French bank Societe Generale will pay more than $1 billion to resolve criminal and civil charges in the United States and France for bribing Gaddafi-era Libyan officials and manipulating the Libor interest rate benchmark, U.S. authorities said on Monday.
BRUSSELS (Reuters) – U.S. chipmaker Qualcomm has asked Europe’s second-highest court to throw out a 997 million euro ($1.2 billion) fine levied by European Union antitrust regulators, citing numerous errors in the EU decision.
PARIS (Reuters) – Societe Generale said on Monday it had agreed to pay around $1.3 billion in penalties to authorities in the United States and in France to resolve investigations into its transactions in Libya and its handling of money market rates.
WASHINGTON (Reuters) – The U.S. derivatives regulator on Monday proposed maintaining the existing cutoff for U.S. firms to register as swaps dealers, backing off an earlier plan that would have subjected more firms to stricter oversight under the 2010 Dodd-Frank financial reform law.
(Reuters) – Microsoft Corp said on Monday it would buy privately held coding website GitHub Inc for $7.5 billion in an all-stock deal to beef up its cloud computing business and challenge market leader Amazon.com Inc .
NEW YORK (Reuters) – Southwest Airlines on Monday said it now expects its second-quarter unit revenue to decrease by about 3 percent from the year prior, primarily driven by lower bookings in the wake of a fatal engine blowout in April.
PARIS (Reuters) – Antoine Arnault, one of LVMH Chairman and CEO Bernard Arnault’s five children and an executive in charge of several brands at the luxury group, will oversee communications and image issues at the company, according to an internal memo.
(Reuters) – Societe Generale S.A. will pay over $860 million to resolve criminal charges in the U.S. and France for bribing Gaddafi-era Libyan officials and manipulating the Libor rate, the U.S. Department of Justice said on Monday.
(Reuters) – U.S. stocks climbed on Monday led by gains in technology shares and Friday’s robust jobs data, which gave investors heightened confidence that the U.S. economy remained strong.
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