Goldman Sachs (GS.N) and Libya's sovereign wealth fund are set to meet in a London court over claims the Wall Street bank exploited a position of trust by encouraging the fund to invest more than $1 billion in trades that ended up worthless.
Sectors
WebLinc garners $6 M Series A funding from Safeguard Scientifics for digital ecommerce platform
E-commerce platform provider WebLinc announced on Tuesday that it raised $6 million in a Series A financing round from Safeguard Scientifics, Inc. The funding would reportedly go towards plans for the company's aggressive growth.
Google to launch YouTube Music Key premium subscription service
YouTube is set to launch a new premium music service called YouTube Music Key. Android Police noted that since last year, there were rumors of a YouTube music service that will let users pay a monthly subscription to access its full library of music and music videos without advertising.
BHP unveils spin-off but disappoints with no buyback
The world's biggest mining company, BHP Billiton BHP.AX BLT.L, announced plans to spin off businesses worth an estimated $16 billion, most of them acquired in a 2001 merger, to focus on its most profitable activities.
Northern and Shell Ventures awards advertising subsidy to online rental startup OpenRent
The deal would have OpenRent launch a national television advertising campaign and other media channels through the Northern & Shell Media Group in its bid to significantly increase the number of new landlords who have been utilizing its platform.
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U.S. foodmaker H.J. Heinz Co said on Tuesday it will tighten controls over ingredients suppliers in China after it was forced to recall some infant food products from Chinese store shelves due to excess levels of lead.
Sensors and electrical controls maker Sensata Technologies Holding NV said it would buy Schrader International to meet growing demand for sensors to monitor car-tire pressure.
Fitness buffs who can't make it to the gym but still want to exercise can turn to apps for a short, intense workout when they are pressed for time. The U.S. Centers for Disease Control recommend that adults do at least 150 minutes of moderate aerobic activity weekly. But recent studies suggest even short bouts of exercise can have positive health effects.
One of the world's largest online games companies, Miniclip, has hired advisers to find a buyer after previous attempts to sell it fell through, according to several sources familiar with the firm.
BlackBerry Ltd said on Monday it has created a new unit to house what many consider to be among its most promising assets - cryptographic applications, its QNX embedded software and Project Ion platform for connecting devices.
Community Health Systems Inc (CYH.N), one of the biggest U.S. hospital groups, said on Monday it was the victim of a cyber attack from China, resulting in the theft of Social Security numbers and other personal data belonging to 4.5 million patients.
Establishing a tax domicile abroad to avoid U.S. taxes is a hot strategy in corporate America, but many companies that have done such "inversion" deals have failed to produce above-average returns for investors, a Reuters analysis has found.
U.S. stocks advanced on Monday, with the Dow Industrials up roughly one percent, as the threat of an escalation of tensions in Ukraine appeared to wane and the latest flurry of merger action supported equities.
Wal-Mart Stores Inc reported a 2.8 percent rise in quarterly sales, helped by higher sales at its smaller-format stores, but U.S. same-store sales failed to show growth again.
