GM'S LEGAL DEPARTMENT UNDER SCRUTINY
Federal prosecutors are scrutinizing whether employees inside
and outside General Motors' legal department concealed evidence
from regulators about a faulty ignition switch, potentially
delaying a recall of vehicles with the fatal problem, according to
people familiar with the matter.
CITIGROUP FACES CURBS ON HEDGE-FUND SALES
Citigroup faces restrictions that will prevent it from selling
investments in hedge funds and private-equity funds to wealthy
clients, following a recent deal with U.S. regulators.
ABN AMRO PROFIT CAPPED BY CHARGES
Dutch bank ABN Amro Group said Friday that one-off charges led
to a sharp drop in second-quarter profit but that its operational
performance continued to improve.
CANDY CRUSH SAGA RELEASED IN CHINA
Candy Crush Saga, one of the world's most successful mobile
games, has finally been released in China by the country's main
mobile game publisher Tencent Holdings.
LSE PLANS $1.56 BILLION RIGHTS ISSUE
London Stock Exchange Group said it plans to raise GBP938
million or $1.56 billion from a rights issue to help funds its
acquisition of asset manager Frank Russell Co.
RBC WEIGHS OPENING ITSELF TO MORE RISK
Royal Bank of Canada is facing a conundrum about one of its
fastest-growing businesses: when to apply the brakes. The bank's
capital-markets business threatens to become a victim of its own
success.
INDIA'S ARVIND TO BRING GAP STORES TO INDIA
India's Arvind said it plans to open retail outlets in India
with U.S. apparel retailer Gap. San Francisco-based Gap will work
with the Arvind unit, Arvind Lifestyle Brands to open stories in
Asia's third-largest economy.
SURPRISE SUMMER TRAFFIC SNARLS PORT
An unexpected surge in summer traffic through Rotterdam has
snarled Europe's busiest container port just as the facility has
reduced capacity for upgrades.
AUSTRALIAN GAS PRODUCERS BOOST DIVIDENDS
Investors in Australia's energy sector have endured years of
uncertainty as companies toiled to build gas-export projects. Now
their patience is finally being rewarded as owners of liquefied
natural gas projects crank up their dividends.