JPMorgan Chase & Co (JPM.N) on Friday won the dismissal of a U.S. whistleblower lawsuit filed by a former vice president who claimed the bank ignored red flags about a client’s potential fraud, even after authorities exposed the massive Ponzi scheme operated by longtime JPMorgan client Bernard Madoff. U.S. District Judge Robert Sweet in New York granted the bank’s motion to throw out the complaint, finding that Jennifer Sharkey had
The financial sector, recently a weak performer in the stock market, will garner the majority of investor attention next week as a number of big banks post their quarterly results. Goldman Sachs Group Inc, Bank of America Corp, Wells Fargo & Co, Citigroup and JPMorgan Chase & Co – the five biggest U.S. banks by market cap – are due to report results as the sector has trailed the market
Mexico expects preliminary findings from a probe into Volkswagen’s compliance with emissions standards within three months, the environment minister said on Friday, adding the review will include gasoline-fueled cars as well as diesel. Mexico announced last month it was investigating whether Volkswagen cars complied with emissions rules in Latin America’s second economy, after Europe’s largest carmaker admitted to cheating in U.S. diesel emissions tests. “I expect we can begin to
U.S. union United Auto Workers’ leaders on Friday approved a tentative four-year contract with Fiat Chrysler Automobiles NV (FCHA.MI) (FCAU.N), sending the proposed agreement to 40,000 workers for a ratification vote. The new deal, if ratified, would reshape the way in which UAW workers at Fiat Chrysler are paid, gradually eliminating a contentious two-tier pay structure. UAW President Dennis Williams admitted he made some false steps that helped lead to
The news comes after Jack Dorsey was appointed permanent chief executive on Monday. It is unclear how many of Twitter’s staff will be laid off, but it is likely it will affect most departments, Re/code said, citing company insiders. Twitter shares fell 3.1 percent to $29.90 in extended trading on Friday.
Jim Carrey joined the family and other loved ones of girlfriend Cathriona White as she was laid to rest at a funeral in her hometown in Ireland on Saturday. The…
It’s no secret that the Kardashians love waist training. Kim, Khloé and Kourtney Kardashian have all posted multiple pictures of themselves on social media in their waist…
The Kardashian-Jenner family is back and sexier than ever! Kim, Khloé and Kourtney Kardashian, along with Kris, Kendall and Kylie Jenner all look stunning in a new promo video for…
It has been quite the year for soccer in America. The U.S. Women National Team pummeled Japan to win the World Cup over the summer, the Major League Soccer playoffs are right…
A significant legal development has occurred surrounding Bill Cosby’s scandal. E! News has confirmed that the United States District Court of Massachusetts dismissed the longtime…
