Thursday, May 23, 2013
 
 

NEW YORK (Reuters) - Sprint Nextel <S.N> and SoftBank Corp <9984.T> said on Thursday they had received all necessary state regulatory approvals for the Japanese company's proposed $20.1 billion purchase of 70 percent of Sprint.

The California Public Utilities Commission voted on Thursday to approve the deal, according to the companies, which said this was the final state approval required for th   [READ MORE]
 
 
 
(Reuters) - A commodities trader has sued BP Plc <BP.L>, Royal Dutch Shell Plc <RDSa.L> and Statoil <STL.OL> in the United States, accusing them of colluding to fix prices in North Sea Brent crude oil.

Prime International Trading Ltd, in a proposed class-action lawsuit fi...   [READ MORE]
WASHINGTON (Reuters) - Former Goldman Sachs banker Neil Morrison agreed to pay $100,000 to settle charges for his role in a pay-to-play scheme involving a Massachusetts gubernatorial campaign, the largest such penalty paid by an individual, the U.S. Securities and Exchange Commission said on Thursday.

...   [READ MORE]
 
By Angela Moon

NEW YORK (Reuters) - Stocks edged down on Thursday but rebounded sharply from their session lows as a rally in Hewlett-Packard's shares offset worries about weak Chinese manufacturing data and the prospects of the Federal Reserve reducing its monetary stimulus.

...   [READ MORE]
 
By Emily Flitter and Matthew Goldstein

NEW YORK (Reuters) - Lawyers for SAC Capital Advisors called a meeting with U.S. prosecutors and FBI agents in April to argue that there should be no insider trading charges filed against the $15 billion hedge fund or its founder, Steven A. Cohen, acc...   [READ MORE]
By Wanfeng Zhou

NEW YORK (Reuters) - The dollar was on track for its biggest daily drop in a month against the yen on Thursday after a sharp slide in Japanese stocks and weak Chinese factory activity data prompted a rush for the safe-haven Japanese currency.

The yen a...   [READ MORE]
By Noel Randewich

SAN FRANCISCO (Reuters) - Shares of Apple <AAPL.O> supplier Cirrus Logic <CRUS.O> slumped 18 percent on Thursday after the chipmaker said in a filing it faces growing pricing pressure in the smartphone market.

Cirrus said in the filing it...   [READ MORE]
 
 
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