Jean-Claude Arnobit
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US DOJ to Probe Deutsche Bank on Russian Trades for Possible Money Laundering
The U.S. Department of Justice (DOJ) is said to have been probing Deutsche Bank AG for trades worth billions of dollars in behalf of Russian clients, people with knowledge of the situation told Bloomberg.
Shuttle Bus Drivers of Apple, Yahoo, other Tech Companies Voted to Approve Union Proposal Contract, Ask for Wage Increase
Drivers of shuttle buses of seven major companies within the Silicon Valley, including Apple and Yahoo, have voted unanimously to approve a union proposal for a first contract that will raise their wages and improve benefits, according to a press release issued by Teamster Local 853.
Alpha Natural Resources Files for Bankruptcy Due to Dropping Coal Prices, Increased Competition, Government Regulations
Alpha Natural Resources, Inc., one of the largest and most regionally diversified coal suppliers in the U.S., and certain of its wholly-owned subsidiaries have filed for voluntary Chapter 11 under the U.S. Bankruptcy Code, according to the press release published in PR Newswire.
Tom Hayes Sentenced to 14-Year Imprisonment for Libor Rigging, Longest Among Financial Crimes
Tom Hayes, a former trader from the UBS Group AG and Citigroup, Inc., was sentenced to 14 years in prison by the London court, according to a report from Bloomberg.
Spring Announces Changes in Senior Leadership, Strengthens Management Team for Next Phase of Transformation
Sprint Corporation has announced changes in its senior leadership team in order to strengthen its management team and support the next phase of the company’s transition, according to a press release issued by Sprint.
AIG Beats Profit Estimates, Doubles Dividends, Boosts Shares Buyback
American International Group, Inc., (AIG) reported an after-tax operating income of $1.9 billion or $1.39 per diluted share, for the second quarter of 2015, according to a press release issued by AIG.
INDOT Signs New Deal with Amtrak, Iowa Pacific to Keep Passenger Rail Running, Offers New Amenities on Board
The Indiana Department of Transportation (INDOT) has announced that it signed a new agreement with Amtrak and Iowa Pacific Holdings to continue the operation of Hoosier State passenger train, according to a press release issued by INDOT.
ArcelorMittal Looking to Restructure Labor Pact in U.S., Wants to Have Better Labor Deal
The world’s biggest steelmaker, ArcerlorMittal, is planning to restructure its labor pact and the U.S. and is looking to have a better labor deal, according to a report from The Wall Street Journal.
Gas Tax Increases by 7 Cents in Washington, Part of Plan to Pay for State Transportation Projects
Washington State’s gas tax has increased by 7 cents per gallon as part of a two-step plan to pay for transportation projects across the state, according to a report from the Oregonian.
German Automakers Agree to Buy Nokia HERE, Extend Digital Services for Connected Cars
A group of German premium car makers has agreed to purchase Nokia HERE, two people familiar with the matter told Reuters. The deal is expected to extend the reach of digital services that the group of German car makers offer for connected cars.
Iran to Buy 80-90 Boeing, Airbus Planes a Year After Sanctions Lift, Part of Renovating Its Air Fleet
Iranian officials have announced that they plan to buy a number of planes from Boeing and Airbus as part of their program to renovate their air fleet, once Western sanctions are lifted, according to a report from Press TV.
Scott+Scott Files New Class Action Suit Regarding Forex Manipulation, Added Four Banks in the Lawsuit
The revised complaint now alleges a broader conspiracy, following the cooperation of certain defendants that settled the lawsuit, and added four banks as defendants, that weren’t previously named in the lawsuit filed in 2013, according to the press release.
Uber Raised Close to $1 billion in Funding Round, Microsoft Said to Invest
Uber Technologies Inc. has just completed a new round of funding that values the company at close to $51 billion, Microsoft is said to be one of the investors, according to a report from The Wall Street Journal.
Bank of America to hold Vote this Year Regarding Moynihan's Chairman Status
The Bank of America will be holding the shareholder vote this year to determine if Brian Moynihan, CEO of Bank of America, can keep his chairman title, according to a report from the Wall Street Journal.
Yahoo to Acquire Polyvore, Enhances its Consumer and Advertiser Offerings
Yahoo!, Inc. announced that it has reached a “definitive agreement” to acquire Polyvore, a leading social shopping site, according to a press release issued by Yahoo.
UPS to Acquire Coyote Logistics, Expanding its Portfolio
United Parcel Service, Inc. (UPS) is set to acquire Coyote Logistics, a technology-driven and non-asset based truckload freight brokerage, from Warburg Pincus for $1.8 billion, according to a press release issued by UPS.
EU to Probe FedEx Takeover of TNT, Raises Competition Concerns
The European Commission announced, in a press release published in Street Insider, that they are opening an “in-depth investigation” into the FedEx Corporation’s acquisition of TNT Express.
GM's OnStar at Risk from Hacking, Company Working On Fix
General Motors Co’s (GM) OnStar App, a vehicle communication system, is at risk from hacking, according to a report from Wired.
Summit Partners COO, Joseph Trustey, and Daughter Die in Plane Crash
Joseph Trustey, Managing Director and Chief Operating Officer at Summit Partners, has died in a plane crash, together with his daughter, according to a press release by Summit Partners.
Starwood Reached out to Potential Bidders, In Early Stages of Discussion with InterContinental
Starwood Hotels & Resorts Worldwide, Inc. is exploring a sale and has reached out to several potential bidders, people familiar with the matter told Reuters.
Shell to Reduce Cost and Cut Jobs Amidst Oil Market Downturn
Royal Dutch Shell Plc, in a press release, said that they will be reducing costs and slashing jobs later this year due to the continued downturn in the prices of oil.
ITG Reserves $20.3 million for Probable Settlement with SEC, CEO Takes Full Reponsibility over Dark Pool Penalty
Investment Technology Group, Inc. (ITG) has reserved $20.3 million to fund the probable settlement with the Securities and Exchange Commission (SEC), in relation to its dark pool investigation, according to the company’s press release.
Samsung Missess Earnings Estimates Due To Disappointing Galaxy S6 Figures, Challenges Expected in Second Half
Bloomberg reports that Samsung Electronics Co. missed analysts’ estimates of its second-quarter profit after the disappointing sales figure of its flagship smartphone, Samsung Galaxy S6.
MasterCard's Revenue Misses Estimates, Expenses Surge Due To Higher Incentives
MasterCard Inc., a credit and debit card company, reported a second-quarter revenue that falls short of analysts’ estimates, as expenses surge due to offering of more rebates and incentives, according to Bloomberg.
Microsoft Launches Windows 10, Promised 1 Billion Users in 3 Years to Shareholders
Microsoft has launched the Windows 10 Operating System (OS) and promised shareholders that the new version of Windows will reach 1 billion users in three years.
Solvay Acquires Cytec, Boosts Customer Offerings
Solvay, a Belgian-based international chemical group, has agreed to acquire Cytec Industries, Inc. for $5.5 billion, according to Solvay’s press release.
Hikma Acquires Roxane Laboratories, Enhances Position in U.S. Generics Market
Hikma Pharmaceuticals, PLC has announced in a press release that it agreed to acquire Roxane Laboratories, Inc. and Boehringer Ingelheim Roxane, Inc. from Boehringer Ingelheim for $1.8 billion in cash.
Consumer Confidence in U.S. Fell to Lowest Since August 2011, Caused By Less Optimisim in Labor Market
Consumer confidence has declined in July, following an improvement last month, due to less optimistic short-term outlook, especially in the Labor market, according to a press release by The Conference Board.
Ford's 2nd Quarter Profits Beat Expectations, Fueled by Sales in the U.S.
Ford Motor Co. reported a 44 percent gain in second-quarter profits, easily beating analysts’ expectations, due to its strong sales in the U.S, led by the Ford F-150 pickup truck, according to a report from Reuters.
AIG Hires Douglas Dachille as Chief Investment Officer, Acquires First Principles Capital Management
In a press release, American International Group, Inc. (AIG) has named Douglas A. Dachille, CEO and Chief Investment Officer of First Principles Capital Management, as AIG’s Executive Vice President and Chief Investment Officer.
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