Wednesday 9 January 2019

Daily Investor Update: Former Insys CEO pleads guilty to opioid kickback scheme

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Former Insys CEO pleads guilty to opioid kickback scheme

The former chief executive of Insys Therapeutics Inc pleaded guilty on Wednesday to engaging in a scheme to bribe doctors to prescribe an addictive opioid medication and has agreed to become a government witness.

Lennar sees housing demand rebounding, shares up nearly 10 percent

Lennar Corp said on Wednesday it was seeing an improvement in home sales in its new fiscal year as mortgage rates start to ease and posted earnings ahead of expectations, allaying concerns of a slowdown in the broader U.S. housing market.

BlackRock elevates executive behind fast-growing ETF unit: memo

BlackRock Inc is giving the executive behind the company's key iShares brand a job overseeing strategy, marketing and international businesses as the world's largest asset manager grooms possible successors to Chief Executive Larry Fink. Mark Wiedman, who has led the company's fast-growing index investing unit, will take the title head of international and of corporate strategy, Fink said in a memo seen by Reuters on Wednesday. Wiedman will be reporting to F

Renault's CEO moved tax domicile to Netherlands in 2012: paper

Carlos Ghosn, chief executive of French carmaker Renault and ex Nissan chairman, has not had his tax domicile France since 2012, opting instead for the more fiscally favorable Netherlands, French newspaper Liberation reported on Wednesday.

Watchdog orders Deutsche Bank to re-examine 20,000 risky customers by June

Germany's financial markets watchdog is requiring Deutsche Bank to re-examine the files of about 20,000 risky clients by the end of June as part of its "know your customer" process, a person familiar with the matter said on Wednesday.

Danske Bank, ex-CEO are sued in U.S. over money laundering scandal

Danske Bank A/S and four former top executives were sued on Wednesday by a U.S. shareholder that accused Denmark's largest bank of defrauding investors and inflating its share price by hiding and failing to stop widespread money laundering at its Estonian branch.

New York's iconic Chrysler Building put up for sale

The Chrysler Building, an Art Deco masterpiece that has been a defining image of New York City's skyline for decades, has been put up for sale, a minority owner of the building and a broker hired to market the property said on Wednesday.

Wall Street extends rally, elevated by Apple and chipmakers

Wall Street rallied for a fourth session on Wednesday, led by Apple, chipmakers and other trade-sensitive stocks, after signs of progress in trade talks between the United States and China.

Amazon CEO Jeff Bezos and wife MacKenzie to divorce

Amazon.com Inc founder and Chief Executive Jeff Bezos, the world's richest man, and wife MacKenzie Bezos are divorcing after 25 years of marriage, the couple said on Twitter on Wednesday.

Apple, Qualcomm spar over CEOs' comments on settlement talks

Qualcomm Inc has responded to comments made by Apple Inc Chief Executive Tim Cook in an interview, in which he said there had been no recent settlement talks between the iPhone maker and chip supplier in their global legal battle, calling Cook's remarks "misleading."

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