KPMG to pay $50 million for using stolen data, exam fraud: U.S. SEC
KPMG LLC has agreed to pay a $50 million penalty over allegations former staffers used stolen information to alter some of the accounting firm's previous audit...
Market wire
Latest news on private equity markets
Headlines on the small cap U.S. and Canadian companies we follow, pulled from the wires as they publish. Every story opens at its original source.
Billionaire Patrick Drahi snaps up Sotheby's in $3.7 billion deal
Patrick Drahi, the billionaire behind telecoms and media group Altice, agreed on Monday to buy Sotheby's in a deal worth $3.7 billion, marking the storied art...
Pfizer makes $10.6 billion cancer bet in cash deal for Array Biopharma
Pfizer Inc on Monday said it would buy Array Biopharma Inc for $10.64 billion in cash, a deal it hopes will help make it a leader...
Fashion house Chanel parades its independence as profits rise
Luxury fashion group Chanel, whose star designer Karl Lagerfeld passed away in February, on Monday reaffirmed commitment to its independence after reporting higher annual sales and...
Executive director of Puerto Rico's Oversight Board defends proposed restructuring deal
The executive director of Puerto Rico's Oversight Board is standing by the restructuring agreement with a portion of bondholders to address $35 billion of Puerto Rico's...
Cramer: Facebook will 'take out' its all-time stock high after its expected crypto launch
"This is going to be the biggest thing that's happened to Facebook in years," says CNBC's Jim Cramer. "It will be vital."
KPMG fined $50 million for using stolen data, exam fraud: U.S. SEC
KPMG LLP has agreed to pay a $50 million fine over allegations former staffers used stolen information to alter some of the accounting firm's previous audit...
Hong Kong being pulled into the 21st Century — digital banking licenses finally arrive
Schulte Research Paul Schulte June 17, 2019 Digital banking finally arrives in HK --all in one go! Be careful what you wish for — you might...
Wall St. moves higher; Fed policy meeting eyed
Wall Street's main indexes climbed higher on Monday, with the tech-heavy Nasdaq leading the pack, as investors awaited a crucial Federal Reserve meeting that is expected...
Deutsche Bank to set up 50 billion euro bad bank in revamp
Deutsche Bank is planning to overhaul its trading operations by creating a so-called bad bank to hold tens of billions of euros of non-core assets, a...
Goldman Sachs is sounding the alarm: Technology stocks are overvalued
It's about time to write off high-growth tech stocks, Goldman warns, saying software carries the highest multiples since the tech bubble.
Fed may cut rates near zero if U.S.-China trade worsens: Morgan Stanley
The Federal Reserve may lower U.S. interest rates to near zero by the spring of 2020 if U.S.-China trade relations deteriorate further and tip the U.S....
Wall St. holds on to gains; Fed policy meeting eyed
Wall Street's main indexes rose on Monday, with the tech-heavy Nasdaq leading the pack, as investors awaited a key Federal Reserve meeting that is expected to...
Global stocks, yields steady with Fed, central bank meetings on tap
A gauge of global stock markets edged higher on Monday to build on monthly gains and benchmark government bond yields hovered near multi-year lows as investors...
New Boeing jet blow at Paris as Airbus long-range A321 takes off
Boeing suffered a fresh setback at the opening of the Paris Airshow on Monday as the U.S. planemaker's engine supplier revealed a delay affecting its all-new...