FinCEN Assesses $14.5 Mln Penalty Over UBSFS' Anti-Money Laundering Failures

India, Dec. 18 -- The Financial Crimes Enforcement Network or FinCEN announced an assessment against UBS Financial Services, Inc. or UBSFS, a division of Swiss banking giant UBS Group AG (UBS), for an... Read More

T-Mobile, Sprint Get Approval From CFIUS, Team Telecom For Proposed Merger

India, Dec. 18 -- T-Mobile US, Inc. (TMUS) and Sprint Corp. (S) announced late Monday that they have successfully received approval from the Committee on Foreign Investment in the United States or CFI... Read More

LG Likely To Sell TVs That Roll Up Like Posters In 2019: Bloomberg

India, Dec. 18 -- South Korean conglomerate LG Electronics Inc. (LGEPF.OB, LGEJY.OB, LGEIY.OB, LGEAF.OB) plans to begin selling big-screen TVs in 2019 that can be rolled up and put away like a poster,... Read More

Kroger Says Gary Millerchip To Succeed Michael Schlotman As CFO In April

India, Dec. 18 -- Kroger Co. (KR) announced that its Chief Financial Officer Michael Schlotman has decided to retire in December of 2019. The company stated that Gary Millerchip, CEO of Kroger Persona... Read More

Philips Wins Intellectual Property Infringement Dispute

India, Dec. 18 -- Royal Philips (PHG, PHGFF.PK), Tuesday announced the successful resolution of a series of trademark and trade dress infringement disputes with several brush heads manufacturers that ... Read More

Canadian Stocks Are Up Despite Energy Weakness - Canadian Commentary

India, Dec. 18 -- The Canadian stock market is trading modestly to the upside Tuesday morning. While most sectors are positive in early trade, the energy sector is down due to the drop in crude oil pr... Read More

Stocks Rebound As Traders Hunt For Bargains - U.S. Commentary

India, Dec. 18 -- After moving sharply lower over the course of the two previous sessions, stocks have shown a strong move back to the upside on Tuesday. The major averages have climbed firmly into po... Read More

CBS Says CEO Will Not Receive Any Severance Pay

India, Dec. 18 -- CBS Corp. (CBS, CBS-A) said it has completed its investigation of former Chairman and Chief Executive Officer Leslie Moonves, CBS News, and "cultural issues at CBS". The media compan... Read More

Trump Launches Second Round Of Payments To Farmers Impacted By Tariffs

India, Dec. 18 -- President Donald Trump announced Monday he has directed Agriculture Secretary Sonny Perdue to launch a second round of payments to farmers impacted by the U.S. trade war with countie... Read More

U.S. Housing Starts Jump 3.2% In November Amid Spike In Multi-Family Homes

India, Dec. 18 -- With a spike in new construction of multi-family homes more than offsetting a continued decrease in new construction of single-family homes, the Commerce Department released a report... Read More