Career News 24/7: Before the Bell: Credit Suisse fined $2.5 billion after pleading guilty to U.S. tax charge

Tuesday, May 20, 2014

Before the Bell: Credit Suisse fined $2.5 billion after pleading guilty to U.S. tax charge

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05/20/2014

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

Credit Suisse fined $2.5 billion after pleading guilty to U.S. tax charge

WASHINGTON/NEW YORK/ZURICH (Reuters) - Credit Suisse has agreed to pay a $2.5 billion fine to authorities in the United States for helping Americans evade taxes after becoming the largest bank in 20 years to plead guilty to a U.S. criminal charge.

Stock futures flat after two-day gain; Staples, Home Depot fall

NEW YORK (Reuters) - U.S. stock index futures were little changed on Tuesday, after the S&P 500 advanced for two straight days and investors assessed some of the final corporate results of earnings season.

Slow start to spring selling season hurts Home Depot sales

(Reuters) - Home Depot Inc reported lower-than-expected quarterly sales as its spring selling season got off to a slow start after a severe winter in many parts of the United States.

EU Commission charges HSBC, JPMorgan, Credit Agricole with rigging

BRUSSELS (Reuters) - European Union antitrust regulators charged Europe's biggest bank HSBC, U.S. peer JPMorgan and France's Credit Agricole on Tuesday with rigging financial benchmarks linked to the euro, exposing them to potential fines.

AstraZeneca shareholder urges board back into talks with Pfizer

LONDON (Reuters) - AstraZeneca's twelfth largest shareholder Schroders has joined a chorus of investor disapproval over its rejection of a takeover offer by Pfizer and urged it back into talks.

Staples forecasts fall in sales, shares drop

(Reuters) - Staples Inc forecast a decline in sales in the current quarter as it struggles to win back shoppers who have shifted office supply purchases to e-retailers, mass merchants and drugstores.

Valeant says sweetened bid for Allergan will not be all-cash

(Reuters) - Canada's Valeant Pharmaceuticals International Inc said its sweetened offer for drugmaker Allergan Inc would not be an all-cash bid as was expected.

How Credit Suisse got a stiffer penalty than UBS

WASHINGTON/NEW YORK (Reuters) - U.S. prosecutors first raised the specter of a criminal plea by Credit Suisse Group AG more than two years after starting an investigation into whether the Swiss bank had helped wealthy Americans evade taxes.

N.Y. Times publisher denies fired female editor was paid less

NEW YORK (Reuters) - Days after the sudden termination of Jill Abramson as executive editor of The New York Times, the first woman to hold that position, the newspaper's publisher denied reports that she had been paid less than her predecessor.

Marks & Spencer plans to open 100 stores in India by 2016

MUMBAI (Reuters) - Britain's largest clothing retailer Marks & Spencer on Tuesday said it will open a hundred stores in India by 2016 instead of 86 as planned last year.