Credit card firm Capital One Financial Corp has been fined US$390 million for engaging in what the U.S. government called willful and negligent violations of the Bank Secrecy Act, an anti-money laundering law, a Treasury Department bureau said on Friday.
Fiat Chrysler and PSA will seal their long-awaited merger on Saturday to create Stellantis, the world's fourth-largest auto group with deep enough pockets to fund the shift to electric driving and take on bigger rivals Toyota and Volkswagen.
In another action against China days before he leaves office, U.S. President Donald Trump on Friday directed government departments to look at ways to minimize procurement of Chinese goods and services to reduce the risks from espionage, his national security adviser said.
In the climate debate, calculating which economies should bear bigger responsibilities is an impossible task. Focusing on how countries can reduce their carbon footprint together may be a more productive focus for the climate action agenda, says SUSS’ Koh Tieh Yong.
Canada's Alimentation Couche-Tard has dropped its 16.2 billion euro (US$19.6 billion) bid to acquire European retailer Carrefour SA after the takeover plan ran into stiff opposition from the French government, a source familiar with the matter told Reuters on Friday.
Wall Street's main indexes dropped on Friday, with the biggest drag coming from big U.S. banks after their earnings reports while the energy sector was also weighed down by a regulatory probe into Exxon Mobil Corp.
Canada's Alimentation Couche-Tard has dropped its bid to acquire European retailer Carrefour SA after its takeover proposal ran into stiff opposition from the French government, a source familiar with the matter told Reuters on Friday.
Dating app Bumble on Friday made public its regulatory filing for an initial public offering, as it looks to cash in on a record boom in capital markets.
Amazon.com Inc's first U.S. union election since 2014 is scheduled to begin with the mailing of ballots in early February and a vote count starting March 30, a U.S. labor board official said in a filing on Friday.
A federal judge denied Apple Inc's bid to set aside or reduce a US$502.8 million patent infringement verdict favoring VirnetX Holding Corp, and awarded interest and royalties that could boost Apple's total payout in two lawsuits above US$1.1 billion.
