Uber has launched legal action against new rules in London such as written English tests for its drivers, in the latest battle between regulators and the car ride app which has faced bans and protests worldwide. Following months of demonstrations from drivers of the capital’s famous black cabs, public body Transport for London (TfL) launched a...
An Italian prosecutor has proposed that Morgan Stanley pay 2.9 billion euros to settle derivative transactions, the bank said on Wednesday in a securities filing. The proposed claim argues that at least some of the derivative transactions were “improper,” as was their termination, Morgan Stanley said in a 10-Q filing with the U.S. Securities and...
The top two executives at ARM Holdings will share a payout of up to £55m when the British microchip designer is bought by Japan’s SoftBank, terms of the sale reveal. SoftBank’s £24bn takeover will allow Simon Segars, ARM’s chief executive, to receive £17 for each of the 668,432 shares he owns, bringing in £11.4m. Mike Muller, the chief...
Three senior Irish bankers were jailed on Friday for up to three-and-a-half years for conspiring to defraud investors in the most prominent prosecution arising from the 2008 banking crisis that crippled the country’s economy. The trio will be among the first senior bankers globally to be jailed for their role in the collapse of a...
Apple Inc on Friday asked the U.S. Supreme Court to clear the way for the iPhone maker to secure hundreds of millions in damages from Samsung Electronics Co Ltd in a case over smartphone design patents. The world’s top smartphone rivals have been feuding over patents since 2011, when Apple sued Samsung in a northern...
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