By Nate Raymond and Jonathan Stempel BOSTON (Reuters) -A U.S. appeals court on Monday upheld the conviction of a former senior executive at the private equity firm TPG Capital for participating in a vast U.S. college admissions fraud scheme by paying $50,000 to rig his son’s college entrance exam results. The 1st U.S. Circuit Court…
(Reuters) – The U.S. Food and Drug Administration (FDA) on Monday classified the recall of Philips’ respiratory machines as its most serious type, as their use could cause serious injuries or death. The Dutch medical devices maker started the process on March 29 and has recalled 73,000 devices in the United Sates. The ventilators being…
By Svea Herbst-Bayliss NEW YORK (Reuters) – Contract drugmaker Catalent, which is being pushed to make changes to its board by Elliott Investment Management, had at least two other activist investors in its stock at the end of the second quarter, according to new regulatory filings. Keith Meister’s Corvex Management and Scott Ferguson’s Sachem Head…
SAO PAULO (Reuters) – Brazilian retailer Magazine Luiza reported on Monday a second-quarter adjusted net loss of 198.8 million reais ($40 million), blaming the country’s high interest rate for hitting its financial expenses. Losses from the second quarter compare to the company’s 112 million reais net loss posted in last year’s second quarter. Adjusted earnings…
(Reuters) – Digital banking firm Discover Financial Services said on Monday Roger Hochschild would step down as chief executive officer and a member of the board. The company, whose shares fell 5.5% in extended trading, also named board member John Owen as interim CEO and president, effective immediately. In late July, Discover’s shares tanked after…
NEW YORK (Reuters) – Goldman Sachs appointed John Greenwood as its co-head of Latin America and head of investment banking for the region, according to a memo seen by Reuters. The executive will continue to serve as the bank’s co-head of Americas structured finance and take on the added responsibilities alongside Ricardo Mora, co-head of…
By Eliana Raszewski and Jorgelina do Rosario BUENOS AIRES/LONDON (Reuters) -Argentina’s government devalued its currency by nearly 18% on Monday while the benchmark interest rate was raised by 21 percentage points to 118%, the central bank said, as financial markets reeled the day after a shock primary election result. Congressman Javier Milei, a far-right libertarian…
WASHINGTON (Reuters) – A former FBI agent who helped lead the probe of Hunter Biden told congressional investigators that he was not aware of any political interference in the case, though he said higher-ups blocked an interview with President Joe Biden’s son weeks after the 2020 presidential election, transcripts show. In transcripts from a July…
By Rachel Nostrant (Reuters) – Six white former Mississippi law enforcement officers pleaded guilty on Monday to state charges for brutally assaulting two Black men in January, including shooting one in the mouth, court documents showed. The six officers, who called themselves the “Goon Squad” because of their willingness to use excessive force, according to…
(Reuters) – Electric-vehicle maker Canoo posted a smaller-than-expected quarterly loss on Monday on lower research and development costs, sending its shares up 2% in extended trading. The company also unveiled its new lifestyle delivery vehicle 190, that has increased payload load capacity and body length compared with the original lifestyle delivery vehicle 130. Canoo’s loss…
