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Credit Suisse Group AG

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  • Jan 15- Freeport-McMoRan Inc on Thursday agreed to pay $137.5 million to resolve a lawsuit claiming that executives and directors had conflicts of interest that caused the natural resources company to overpay significantly for two oil and gas companies in 2013.. Shareholders led by a group of pension funds and the union-owned Amalgamated Bank will receive...

  • WASHINGTON, Jan 15- U.S. pension regulators said Thursday they have some concerns that Credit Suisse may lack a company-wide culture of compliance, and vowed to investigate further if they ultimately decide to let the bank continue managing U.S. retirement plans. Top Department of Labor officials made their comments during a public hearing, in which Credit...

  • US STOCKS-Wall St flat in volatile trade after Swiss move Thursday, 15 Jan 2015 | 11:03 AM ET

    *Bank of America, Citi down after results. NEW YORK, Jan 15- U.S. stocks were little changed in choppy trading on Thursday, as investors wrestled with the ramifications with a move by the Swiss National Bank to scrap its three-year euro cap on the franc. Swiss stocks traded in the U.S. moved higher, Credit Suisse, up 0.7 percent at $22.98 and Novartis, up 1.9 percent to...

  • Surprise franc move plays havoc with Swiss stocks Thursday, 15 Jan 2015 | 10:20 AM ET
    Traders work on the floor of the New York Stock Exchange, October 15, 2014.

    The Swiss stock market is down about 10 percent after the Swiss National Bank scrapped its cap on the franc against the euro.

  • US STOCKS-Wall St drops after Swiss move; banks tumble Thursday, 15 Jan 2015 | 9:56 AM ET

    *Bank of America, Citi down after results. NEW YORK, Jan 15- U.S. stocks fell, erasing small gains at the open on Thursday, as investors grappled with a move by the Swiss National Bank to scrap its three-year euro cap on the franc. Swiss stocks traded in the U.S. moved higher, including UBS, up 2.4 percent at $16.87, Credit Suisse, up 3.2 percent at $23.55 and Novartis, up 1.9...

  • *Credit Suisse shares down 10.6 pct, UBS down 10.8 pct. LONDON, Jan 15- Shares in Switzerland's two big banks UBS and Credit Suisse slumped as much as 15 percent on Thursday after a massive strengthening in the Swiss franc raised the threat that reported earnings will be hit hard. With interest rates going into deeper negative territory, there could be further...

  • *Bank of America falls after results. *Best Buy down after holiday sales. Swiss stocks traded in the U.S. moved higher before the opening bell, including UBS, up 3.6 percent at $17.07, Credit Suisse, up 4 percent at $23.72 and Novartis, up 3.8 percent to $100.48, as a strengthening Swiss franc made U.S.-dollar denominated stocks cheaper.

  • Swiss large-caps lose $100B on currency move Thursday, 15 Jan 2015 | 8:45 AM ET

    The Swiss franc soared—and Swiss stocks tanked—as that country's central bank shocked markets Thursday with a move to scrap a cap against the euro.

  • Early movers: BAC, BBY, GOOG, APPL & more Thursday, 15 Jan 2015 | 8:28 AM ET
    Trader on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • *Bank of America falls in premarket after results. *Best Buy down in premarket after holiday sales. *Swiss stocks traded in the U.S. moved higher in premarket trading, including UBS, up 7 percent at $17.45, Credit Suisse, up 3.9 percent at $23.70 and Novartis, up 7 percent to $103.63.

  • ZURICH, Jan 15- The Swiss National Bank shocked financial markets on Thursday by scrapping a three-year-old cap on the franc, sending the safe-haven currency soaring through the 1.20 per euro limit and stoking fears about the export-reliant Swiss economy. The U-turn, which sent the franc soaring nearly 30 percent against the euro in the chaotic first minutes...

  • *Qatar could invest in energy, tourism, property sectors. DOHA, Jan 15- Qatar is considering funding projects in Venezuela, industry and diplomatic sources said, as the Latin American state lobbies fellow crude producers to help repair the damage done to its economy by plummeting oil revenues. Industry sources in Qatar said on Thursday the country was still...

  • WASHINGTON, Jan 15- Credit Suisse Group AG will ask U.S. regulators at a hearing on Thursday to allow it to manage pensions following a criminal guilty plea, but will face resistance from groups determined to stop what they see as the rubber-stamping of such waivers. The rare public hearing at the U.S. Department of Labor will feature speakers ranging from bank...

  • SAO PAULO, Jan 14- Shares of Embraer SA fell on Wednesday after the Brazilian planemaker said it expected to report negative cash flow in 2014 due to delayed payments from clients, raising questions about the future of defense contracts as the government struggles with its fiscal goals. Embraer generated $213 million in free cash flow during 2013..

  • Cramer's guide to a treacherous trader's market Tuesday, 13 Jan 2015 | 6:14 PM ET

    One minute it's up, the next minute it's down. Jim Cramer gives two important tips for navigating the rough seas of a volatile market.

  • *Alcoa erases early gains after earnings. But the market was well off its highs for the session, with shares of homebuilders falling broadly after KB Home forecast a drop in gross margins for the first quarter. Homebuilder stocks had been up earlier in the session, but KB Home was last down 13.7 percent, while a housing index was down 0.9 percent.

  • Bulls on parade—tech company gets upgrade Tuesday, 13 Jan 2015 | 1:12 PM ET
    Apple CEO Tim Cook speaks in Laguna Beach, Calif.

    Credit Suisse Managing Director Kulbinder Garcha explains why the company upgraded Apple's stock.

  • The company is working with banks including Morgan Stanley, JPMorgan and Credit Suisse on the offering, which could come later this year, those people said this week. Representatives for Apigee, JPMorgan, Morgan Stanley and Credit Suisse declined to comment. Some of the customers it lists on its website include Walgreens, eBay Inc, Shell, Live Nation...

  • The company, based in San Luis Obispo, California, is working with banks including Morgan Stanley, Credit Suisse and UBS on the potential offering, which could come in the second or third quarter, these people said. Representatives for Mindbody, Morgan Stanley, Credit Suisse and UBS declined to comment. It has raised more than $100 million in funding with backers...

  • Early movers: SNDK, HLT, MET, WWW, AAPL & more Tuesday, 13 Jan 2015 | 7:53 AM ET

    Some of the names on the move ahead of the open.