U.S. regulator to send observer for Tesla probe of Model S fire

U.S. regulator to send observer for Tesla probe of Model S fire

(Reuters) - The U.S. National Transportation Safety Board (NTSB) will send a technical specialist to observe a Tesla Inc examination into the causes of a battery fire last Friday involving one of the electric automaker's Model S vehicles in California, the agency said on Monday.

CFTC orders JPMorgan to pay $65 million to settle swap rate manipulation charge

WASHINGTON (Reuters) - JPMorgan Chase Bank NA will have to pay a $65 million civil penalty to settle charges that it attempted manipulating ISDAfix benchmark swap rates between 2007 and 2012, the U.S. Commodities Futures Trading Commission said on Monday.

Exclusive: GameStop in talks with buyout firms after drawing interest - sources

(Reuters) - Video game and electronics retailer GameStop Corp is holding talks with private equity firms about a potential transaction after receiving buyout interest, people familiar with the matter said on Monday.

Global stocks fall on U.S.-China trade spat, oil rises

NEW YORK (Reuters) - Global stocks were lower on Monday as investors eyed an escalating trade dispute between the United States and China while oil prices rose on bets that an OPEC production increase would be smaller than expected.

Google to invest $550 million in China e-commerce giant JD.com

(Reuters) - Google will invest $550 million in Chinese e-commerce powerhouse JD.com, part of the U.S. internet giant's efforts to expand its presence in fast-growing Asian markets and battle rivals including Amazon.com.

Wall Street dips but off earlier lows; Nasdaq flat

NEW YORK (Reuters) - The Dow and S&P were modestly lower on Monday, having recovered from earlier lows, as gains in energy shares helped curb declines stemming from trade war concerns after China's retaliation to U.S. tariffs.

Air France unions suspend four-day strike from June 23

PARIS (Reuters) - Unions at Air France on Monday suspended a planned four-day strike starting on June 23 over a continued pay dispute that prompted the resignation of parent company Air France-KLM's chief executive last month.

U.S. Supreme Court to review scope of investor protection laws

WASHINGTON (Reuters) - The U.S. Supreme Court on Monday agreed to hear an appeal by a New York investment banker banned from the industry by the Securities and Exchange Commission in a case that could limit the scope of those who can be held liable under laws protecting investors from securities fraud.

Fujifilm sues Xerox for well over $1 billion after aborted merger

NEW YORK (Reuters) - Fujifilm Holdings Corp sued Xerox Corp on Monday for well over $1 billion, faulting the printer and copier company for succumbing to pressure from activist investors Carl Icahn and Darwin Deason in calling off a proposed merger.

How U.S. tax reform rewards companies that shift profit to tax havens

(Reuters) - The corporate tax cut passed by U.S. President Donald Trump and fellow Republicans that was in part designed to help dissuade U.S. companies from moving profits overseas may instead make the practice a lot more rewarding.

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