Aug 15- A unit of Morgan Stanley must pay $4.5 million to Citigroup Inc's Banamex unit which alleged the firm had allowed funds in a family's trust account to be used to repay third-party loans without its authorization, according to a ruling on Friday. "We are disappointed in the arbitration panel's award," a Morgan Stanley spokeswoman said in a statement.» Read More
ATHENS, Greece— Greece's economy is shrinking at its slowest rate in nearly six years, official figures showed Wednesday, reinforcing hopes that the end of the country's punishing recession is in sight.
The Federal Mediation and Conciliation Service said the International Longshore& Warehouse Union and Pacific Northwest grain companies reached the agreement Monday shortly before midnight. In the end they found a way, "said Scot L. Beckenbaugh, acting director of the mediation agency based in Washington, D.C..
Last year, Wright Brothers USA of Dayton became the first business to license retail goods in the name of the Wright Brothers. The company is now using an international website to sell American-made bicycles, aviation jackets, sunglasses and more, according to the Dayton Daily News.
*Sanofi, MannKind aim to launch Afrezza in U.S. in Q1 2015. PARIS/ LONDON, Aug 11- French drugmaker Sanofi is betting on inhaled insulin as an alternative option to daily injections for diabetics by signing a worldwide licensing agreement with MannKind Corp worth up to $925 million.
ISTANBUL, Aug 7- The future of Turkey's Bank Asya looked dim on Thursday after the authorities canceled its tax collection and social security payment deals- a sign according to observers the government may be a step closer to winding down the controversial lender.
NEW YORK, Aug 1- A Saudi investor who accused Citigroup Inc of "virtually wiping out" his family's fortune cannot pursue a $383 million arbitration case filed against the bank, a U.S. appeals court ruled.
WASHINGTON, July 29- Corporations that move their tax domiciles abroad would be denied federal contracts under legislation offered on Tuesday by Democrats in the U.S. Congress, targeting tax-driven deals known as inversions.
TEL AVIV, July 28- Leonid Nevzlin, the biggest ultimate beneficial owner of defunct oil giant Yukos, expressed satisfaction with the Hague's arbitration court ruling that Russia must pay a group of shareholders around $50 billion for expropriating its assets.
AMSTERDAM, July 28- An international arbitration panel in the Netherlands on Monday ordered Moscow to pay $51.57 billion in damages to shareholders in the defunct oil giant Yukos, saying officials under President Vladimir Putin had manipulated the legal system to bankrupt the company.
LONDON, July 28- The $50 billion awarded by the Hague's arbitration court against Russia is the largest arbitration award ever, said Tim Osborne, director of the GML group of shareholders which made the claim.
MOSCOW, July 28- The Hague's arbitration court has ruled in favour of a group of shareholders in defunct oil giant Yukos against Russia, awarding compensation of around $50 billion, a source close to the ruling said on Monday.
MOSCOW, July 28- The Permanent Court of Arbitration in the Hague will announce on Monday that Russia must pay $50 billion to former shareholders of the defunct oil company Yukos, Russian business daily Kommersant reported on its website, citing unnamed sources. The newspaper said Russia was expected to appeal against the ruling.
July 28- The Permanent Court of Arbitration in The Hague will on Monday announce that Russia must pay $50 billion to former shareholders of the defunct oil company Yukos, Russian business daily Kommersant reported on its website, citing unnamed sources. The newspaper said Russia was expected to appeal against the ruling.
LONDON, July 22- ARM Holdings, the British company whose processor designs power Apple's and Samsung's smartphones, posted a 9 percent rise in second-quarter profit, helped by strong demand to license its technology.
PARIS, July 3- French utility GDF Suez said it signed a 25- year water and power contract with the Abu Dhabi Water and Electricity Company as it seeks to capitalise on growing demand in the region.
JAKARTA, July 2- Freeport-McMoRan Copper& Gold Inc is still in talks with Indonesia over a six-month dispute that has halted copper exports, and has no plan yet to follow Newmont Mining Corp in seeking international arbitration. Global copper prices, currently not far off four-month highs, have been underpinned by the disruption to supplies from Indonesia.
*Economy shrinks at a 2.9 percent pace in first quarter. WASHINGTON, June 25- The U.S. economy contracted at a much steeper pace than previously estimated in the first quarter to record its worst performance in five years, but there are indications that growth has since rebounded strongly.
June 24- American Apparel Inc founder Dov Charney's lawyer has filed a petition for arbitration to counter plans to strip Charney of his roles as president and chief executive of the company, The Wall Street Journal reported in Tuesday's paper. Charney owns a 27.2 percent stake in American Apparel. A spokesman for American Apparel declined to comment.
Miami Heat's LeBron James has reportedly opted out of the final two years of his contract with the team, with CNBC's Dominic Chu.
June 9- Chase Carey, the president and chief operating officer of Rupert Murdoch's 21st Century Fox, signed a contract to stay with the media company for up to two years, according to a regulatory filing on Monday. Fox extended Carey's contract through June 2016, the filing said.