Author Archives: Editor - Business News

At Norton Rose Fulbright, a New Guard for the New Year

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In Role Reversal, Foley Partner Decides to Own a Sports Team

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RBS takes $640 million forex charge and warns of more to come

LONDON (Reuters) – State-backed Royal Bank of Scotland (RBS.L) has set aside 400 million pounds ($640 million) to cover potential fines for manipulating currency markets and warned further charges for past misconduct would continue to hit its profits. RBS, 80 … Continue reading

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Continental AG CEO says Audi recall no threat to guidance

MUNICH (Reuters) – Continental (CONG.DE) said a fault with airbags installed at premium sportscar maker Audi could cost a double-digit million euro amount to fix, a sum which the German automotive supplier could absorb without revising its earnings guidance. Earlier … Continue reading

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Futures rally after BOJ ramps up stimulus

NEW YORK (Reuters) – U.S. stock index futures rallied on Friday after the Bank of Japan significantly ramped up its stimulus program just days after the U.S. Federal Reserve wound down its own package of economic incentives. * The BOJ’s … Continue reading

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Italy says private capital will meet Monte Paschi, Carige needs

ROME (Reuters) – Banca Monte dei Paschi di Siena (BMPS.MI) and Carige CRCI.MI will make up the capital shortfalls revealed in the ECB stress tests through private sector financing, Italian Economy Minister Pier Carlo Padoan said on Friday. “The remaining … Continue reading

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Ex-Mayer Brown CIO Gets 27 Months in Prison

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DLA Piper, Proskauer, S&C in Big Lights as NBA Season Begins

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LinkedIn revenue jumps 45 percent as companies hire more

(Reuters) – Corporate networking site LinkedIn Corp (LNKD.N) reported a 45 percent rise in quarterly revenue as more businesses used its services to hire staff. The company’s net loss attributable to stockholders widened to $4.3 million, or 3 cents per … Continue reading

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Trade, defense buoy U.S. economy, but some weakness creeps in

WASHINGTON (Reuters) – A smaller trade deficit and surge in defense spending buoyed U.S. economic growth in the third quarter, but domestic demand slipped, hinting at some loss of momentum. Gross domestic product grew at a 3.5 percent annual pace, … Continue reading

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