The largest overseas bet on Indian consumers is spurring speculation that companies from Nestle SA to Colgate-Palmolive Co. will pursue more deals in a nation where household income is forecast to triple this decade.
CommonWealth REIT owns office buildings throughout the U.S., yet employs no one. Cole Credit Property Trust III Inc., which leases about a thousand stores around the country to retailers such as CVS, Lowe’s and Wal- Mart, also had no workers until a recent acquisition.
Deloitte Touche Tohmatsu CPA Ltd. lost a bid to delay a lawsuit brought by the U.S. Securities and Exchange Commission seeking documents in an investigation of the auditor’s former client Longtop Financial Technologies Ltd.
European Union lawmakers voted to scale back plans that would force banks and large listed companies to rotate the auditors they use, more than doubling the length of time before they would have to make a change.
The U.S. Securities and Exchange Commission asked a federal judge to move forward with the agency’s lawsuit against Deloitte Touche Tohmatsu CPA Ltd. as it seeks documents related to a probe of the auditor’s former client Longtop Financial Technologies Ltd.
Deloitte Touche Tohmatsu Ltd.’s emerging markets business is leading revenue growth as faster economic expansion in countries including India, China and the Middle East region boosts demand for financial advice.
Deloitte Touche Tohmatsu CPA Ltd. should be ordered to appear in a U.S. Court for rejecting a Securities and Exchange Commission demand for documents related to an investigation of its former client Longtop Financial Technologies Ltd., an SEC lawyer said.
India’s benchmark stock index had the longest losing run in more than five weeks amid concern the withdrawal of the government’s biggest partner from the ruling alliance may jeopardize economic reforms.
Luis Picado’s mother remembers the day her son thought he had won the lottery. He came home to their tin-roofed cinder-block house in a Managua, Nicaragua, slum and said he’d found a way to escape poverty and start a new life in the United States.