Billionaire Elon Musk's Space Exploration Technologies Corp was able to secure a court order that would block the Russian rocket engine purchases of a Boeing Co-Lockheed Martin Corp venture.
As part of a deferred-prosecution agreement to settle a five-year probe about its alleged bribery, Avon Products Inc will reportedly pay a total of $135 million to settle the criminal and civic inquiries by the US Justice Department and the Securities and Exchange Commission.
A California Supreme Court decision yesterday has exposed Deustche Bank AG from claims by renters of foreclosed properties over the destruction of their possessions and loss of their homes, Bloomberg said.
The Financial Conduct Authority issued a work ban on former UBS AG senior trader John Hughes today due to his involvement in aiding former colleague Kweku Adoboli in hiding a $2.3 billion unauthorized trading loss in an "umbrella" account, Bloomberg said.
