State Street and BNY Mellon have already paid more than $ 1.2 billion on settlement agreements with the US government. In July, State Street agreed to pay $ 530 million to settle charges in purchase of currency for customers at inflated rates. Much of this sum will go to the SEC and the US Department of Justice, writes the WSJ. BNY Mellon has agreed to pay $ 714 million back in 2015. Then, the...

The largest British oil company BP is looking for buyers for its 50% - stake in major Chinese petrochemical plant SECCO. The deal is estimated at $ 2-3 billion, Reuters reported citing informed sources. BP has hired investment bank to handle the sale. Reuters’ sources said BP wants get rid of the asset due to lack of control over the enterprise. A successful deal would be the first major signal...

The Japanese corporation Sony Corp. is planning to raise about $ 982 million through the issuance of corporate bonds for institutional investors. This is reported by Nikkei Asian Review. According to the publication, the company will issue the securities in September. The conditions, the exact timing of coupon payments and options are not yet known. Sources say that it will be outright debt...

In the II quarter 2016, combined share of South Korean smartphone makers Samsung Electronics and LG Electronics in North America achieved a record 49%, while Apple’s position fell to 24.5%. At the global market, Samsung continues to lead with its Galaxy S7 model. "Share of Samsung Electronics rose during the period by 5%, to 32.7%", - says report of marketing agency Strategy Analytics. Apple's...

Elizabeth Holmes, Head of controversial "bloody" startup Theranos, promised to solve the problems for which criticized the company was criticized, and told about new products, reports Reuters. Speaking to an audience at the American Association for Clinical Chemistry in Philadelphia, Holmes told about new products that will be very different from current operations carried out in clinical...

For the fourth time since the beginning of the year, Adidas has raised its annual profit forecast. The company’s management is expecting a profit of 1 billion euros by the end of 2016. One of the main reason for the improved forecast was premature termination of a contract with Chelsea FC. Through this, the English football club agreed to pay compensation of $ 57 million. Preliminary data for the...

Verily, previously owned by Google, and the largest pharmaceutical company in the UK are going to invest about 540 million pounds sterling in Galvani Bioelectronics company. The latter will be receiving tranches, totaling $ 715.12 million, during seven years. The new company will be based in GlaxoSmithKline’s research center Stevenage, north of London. The second research center will be located...

Diageo, the world's largest producer of premium alcoholic beverages, is concentrating its efforts to protect its Scotch whiskey kitchens. This segment found itself behind the eight ball after the Brexit referendum. "Due to Brexit, now our focus is really on how to keep the segment of Scotch whiskey healthy. Trade agreements in Europe and around the world. You know, Johnnie Walker had been on more...

Yahoo had been developing dynamically during the first 10 years after founding. Later, however, the company quickly gave way to Google and Facebook, which by the time had gained a foothold in Internet search and social networking niches. Yahoo’s revenue and number of users fell, and numerous services of the company could not keep up with innovations. Over 20 years of existence, Yahoo has been...