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Contrite Facebook Executives Seek To Ward Off More European Rules

MUNICH – Facebook (FB.O) executives are fanning out across Europe this week to address the social media giant’s slow response to abuses on its platform, seeking...

Possible Buffett Heir Abel Has Small Berkshire Stake Likely To Grow

– Greg Abel, considered by many investors the top contender to succeed Warren Buffett as Berkshire Hathaway Inc’s (BRKa.N) chief executive officer, on Friday...

Delaware Sues Opioid Manufacturers Distributors Over Epidemic

– Delaware on Friday became the latest state to file a lawsuit accusing corporations of helping fuel the national opioid epidemic, suing a wide range of companies...

Lowes Names Two Directors After Talks With Activist Investor

– Lowe’s Cos Inc (LOW.N) said on Friday it added two board members, a week after reports that hedge fund D.E. Shaw & Co had built an active stake in the...

Wall Street Traders Brace For Meager Paychecks As Bonus Season Approaches

NEW YORK – Some traders at the largest Wall Street banks are about to get big, fat zeroes for bonuses while they watch markets thrive. Trading revenue was down...

Possible Buffett Successor Jain Reports 109 Million Berkshire Stake

– Ajit Jain, who was recently appointed a vice chairman of Warren Buffett’s Berkshire Hathaway Inc (BRKa.N), on Thursday reported ownership of roughly $109...

Softbank Is Now Ubers Largest Shareholder As Deal Closes

SAN FRANCISCO – A group of investors led by SoftBank Group Corp (9984.T) closed a deal with Uber Technologies Inc [UBER.UL] on Thursday, making SoftBank the...

Hsbc To Pay 100 Million To Settle Us Probe Into Currency Rigging

– HSBC Holdings Plc (HSBA.L) on Thursday agreed to pay $101.5 million to settle a U.S. criminal probe into the rigging of currency transactions, which has already...

Judge Tosses Gm Settlement On Ignition Switch

NEW YORK – A federal bankruptcy judge on Thursday said a settlement agreement that would require General Motors Co (GM.N) to pay $1 billion in stock to car owners...

Uber-softbank Deal Has Closed Making Softbank Largest Shareholder

SAN FRANCISCO – A group of investors led by SoftBank Group Corp (9984.T) closed a deal with Uber Technologies Inc on Thursday, making SoftBank the largest...