German hedge fund manager Florian Homm, who had been a fugitive for more than five years, was arrested in Italy on U.S. fraud charges, according to a statement from the U.S. attorney's office in Los Angeles.» Read More
SAN FRANCISCO, May 20- Apple Inc will argue for a comprehensive corporate tax reform that will levy a "reasonable tax" on foreign earnings and is not dependent on a company's revenue when it goes before a Senate panel on Tuesday to explain its offshore tax practices.
*SEC warns municipalities not to gloss over financial health. When on May 6 the SEC charged the cash-strapped capital city of Pennsylvania, it effectively put officials across the country on notice that even political statements like annual state of the city addresses must not overstate financial conditions.
*Dexia lawsuit returned to NY state court where it began. May 17- A federal judge has revived a closely watched lawsuit accusing JPMorgan Chase& Co of misleading Belgian-French bank Dexia SA into buying more than $1.6 billion of troubled mortgage debt.
*Tension between union, Freeport could spook investors. JAKARTA, May 17- Freeport McMoRan Copper& Gold Inc's Indonesian copper mine should remain closed for an investigation into a tunnel collapse that has left five dead and 23 missing, a trade union leader said on Friday.
NICOSIA, May 15- When the Cyprus bank run began earlier this year, Russians set much of the pace. Prepared in April by private sector lenders Bank of Cyprus and Laiki Bank, and passed to lawmakers by the island's central bank, the documents list 5,323 transactions, most previously undisclosed.
DOWNERS GROVE, Ill.-- DeVry Inc. said Tuesday that it is acquiring a Brazilian education company, expanding its presence in the country as enrollments drop in the U.S. DeVry is buying privately-held Faculdade Diferencial Integral, known as Facid, for an undisclosed amount.
NEW YORK, May 14- A seventh defendant pleaded not guilty on Tuesday to charges he participated in a global ATM heist that stole $45 million from two Middle East banks. Elvis Rodriguez, 24, was accused of being a member of a "casher" crew that withdrew hundreds of thousands of dollars in New York as part of the heist.
LOS ANGELES-- Shares of Copa Holdings SA, the parent company of Panama's national airline, jumped Tuesday after a Deutsche Bank analyst upgraded the company to "Buy," citing strong first-quarter results and an improved outlook for this year. THE BACKGROUND: Copa Holdings provides air transport for passengers and cargo.
HAVANA, May 14- Canadian and British executives of three foreign businesses shut in 2011 by Cuban authorities, ostensibly for corrupt practices, have been charged after more than a year in custody and are expected to go on trial soon, sources close to the cases told Reuters.
*Brazil, Chile, Colombia top 2012 Latam FDI recipients. SANTIAGO, May 14- Foreign direct investment in Latin America and the Caribbean this year could fall as much as 3 percent or jump by up to 7 percent after leaping to a record in 2012, the United Nations' body for the region said on Tuesday.
*Hopes for China policy easing fade, weak data in focus. LONDON, May 14- Copper fell nearly 2 percent on Tuesday hit by a sharp rise in London Metal Exchange stocks and as markets digested Monday's softer-than-expected factory growth data from top copper consumer China.
SINGAPORE, May 14- London copper fell 1.4 percent on Tuesday after comments in China's official media suggested Beijing is unlikely to ease monetary policy, dashing hopes that the government would stimulate an economy that is the world's top user of the metal.
LONDON, May 14- From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
DUBAI/ NEW YORK, May 11- One of the credit card processing companies whose security was breached in a $45 million global cyber heist was India's ElectraCard Services, according to two people familiar with the situation.
*UAE would pay up to 80 percent of the operating costs. The United States has pre-clearance centers at 15 locations in Canada, Aruba, Bermuda, the Bahamas and Ireland, according to the U.S. Customs and Border Protection website.
WASHINGTON, May 10- An agreement to extend U.S. customs pre-clearance operations to Abu Dhabi International Airport in the United Arab Emirates has drawn criticism from a group of U.S. senators, who are pressing for more information on the pact.
FRANKFURT, May 10- German prosecutors said on Friday they had arrested two Dutch citizens suspected of involvement in a $45 million global cyber heist unveiled the previous day by U.S. authorities. A 35- year-old man and a 56- year-old woman were caught on Feb. 19 withdrawing 170,000 euros in Düsseldorf using Bank of Muscat credit cards.
DUBAI, May 10- A Middle Eastern bank that fell victim to a major cyber fraud said on Friday that none of its customers had lost any money in a scam which it believed had also caught up lenders in the United States and beyond.
NEW YORK/ BOSTON, May 9- In one of the biggest ever bank heists, a global cyber crime ring stole $45 million from two Middle Eastern banks by hacking into credit card processing firms and withdrawing money from ATMs in 27 countries, U.S. prosecutors said on Thursday.
May 9- The president of Puerto Rico's Government Development Bank on Thursday denied a news report that the Caribbean island's highways authority might default on a bond payment.