U.S. SEC probes Altria’s investment in Juul: source

U.S. SEC probes Altria’s investment in Juul: source
FILE PHOTO: Juul brand vape cartridges are pictured for sale at a shop in Atlanta, Georgia, U.S., September 26, 2019. REUTERS/Elijah Nouvelage/File Photo (Reuters) – U.S. regulators have opened a probe regarding Marlboro maker Altria Group Inc’s (MO.N) investment in e-cigarette maker Juul Labs Inc, according to a person familiar with the matter. The U.S. Securities and Exchange Commission is... Read More

EBay in discussions with multiple parties for sale of classified business

EBay in discussions with multiple parties for sale of classified business
FILE PHOTO: The German headquarters of online marketplace eBay is pictured at Europarc Dreilinden business park south of Berlin in Kleinmachnow, Germany, August 6, 2019. REUTERS/Fabrizio Bensch (Reuters) – EBay Inc (EBAY.O) is in discussions with multiple candidates regarding a potential transaction for its classified-ads business, the company said on Friday. The company expects to provide an update regarding the... Read More

Morgan Stanley to get $375 million termination fee if E*Trade walks away from deal

Morgan Stanley to get $375 million termination fee if E*Trade walks away from deal
People take photos by the Morgan Stanley building in Times Square in New York City, New York U.S., February 20, 2020. REUTERS/Brendan McDermid (Reuters) – Morgan Stanley (MS.N) will receive a $375 million breakup fee if E*Trade Financial Corp (ETFC.O) walks away from its $13 billion deal for the discount brokerage, the U.S. bank said on Friday. On Thursday, Morgan... Read More

Wells Fargo to pay $3 billion to U.S., admits pressuring workers in fake-accounts scandal

Wells Fargo to pay $3 billion to U.S., admits pressuring workers in fake-accounts scandal
WASHINGTON (Reuters) – Wells Fargo & Co (WFC.N) will pay $3 billion to resolve criminal and civil probes into fraudulent sales practices and admitted to pressuring employees in a fake-accounts scandal, U.S. officials said on Friday, wrapping up one of the last major investigations looming over the bank. FILE PHOTO: A Wells Fargo logo is seen in New York City,... Read More

Federal prosecutors investigating whether Boeing pilot knowingly lied to FAA: NYT

Federal prosecutors investigating whether Boeing pilot knowingly lied to FAA: NYT
FILE PHOTO: Grounded Boeing 737 MAX aircraft are seen parked in an aerial photo at Boeing Field in Seattle, Washington, U.S. July 1, 2019. REUTERS/Lindsey Wasson/File Photo (Reuters) – Federal prosecutors investigating Boeing Co (BA.N) are examining whether the U.S. planemaker knowingly misled the Federal Aviation Administration while it was seeking approval for its 737 MAX jet, the New York... Read More

Big tech cos pull out of San Francisco conferences on coronavirus concerns

Big tech cos pull out of San Francisco conferences on coronavirus concerns
FILE PHOTO: The Verizon store in Superior, Colorado, U.S., July 27, 2017. REUTERS/Rick Wilking (Reuters) – Verizon Communications Inc (VZ.N) has pulled out of the RSA cyber security conference due to coronavirus-related concerns, the organizer said here on Friday. RSA also said that AT&T Cybersecurity will not participate in the conference, taking the total number of companies that have pulled... Read More

U.S. SEC probes Altria’s investment in Juul: WSJ

U.S. SEC probes Altria’s investment in Juul: WSJ
FILE PHOTO: Juul brand vape cartridges are pictured for sale at a shop in Atlanta, Georgia, U.S., September 26, 2019. REUTERS/Elijah Nouvelage/File Photo (Reuters) – U.S. regulators have opened a probe regarding Marlboro maker Altria Group Inc’s (MO.N) investment in e-cigarette maker Juul Labs Inc, the Wall Street Journal reported on Friday, citing people familiar with the matter. The U.S.... Read More