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Department Of Justice News

  • PNC Profit Beats Analysts’ Estimates as Expenses Decline

    PNC Financial Services Group Inc., the second-biggest U.S. regional bank, said profit rose 6.5 percent, beating analysts’ estimates, as expenses declined and the company set aside fewer provisions for soured loans.

  • Credit Suisse Net Falls on Lower Investment Bank Profit

    Credit Suisse Group AG, the second- biggest Swiss bank, reported a slump in first-quarter earnings as a drop in debt trading weighed on investment-banking profit.

  • GM CEO Seeks New Spokesman, Replaces Human Resources Head

    General Motors Co.’s new Chief Executive Officer Mary Barra moved to put more of her team in place with the automaker revealing the departure of two senior executives, including its top spokesman, as the company faces mounting pressure over its slow recall of 2.59 million vehicles linked to the deaths of at least 13 people.

  • GM CEO Seeks New Spokesman, Replaces Human Resources Head

    General Motors Co.’s new Chief Executive Officer Mary Barra moved to put more of her team in place with the automaker revealing the departure of two senior executives, including her top spokesman, as the company faces mounting pressure over its slow recall of 2.59 million vehicles linked to the deaths of at least 13 people.

  • Top Medicare Doctor Paid $21 Million in 2012, Data Show

    A doctor who treats a degenerative eye disease in seniors was paid $21 million by Medicare in 2012, twice the amount received by the next ophthalmologist on a list of 880,000 medical providers released by the government.

  • HP Pays $108 Million to Settle U.S. Bribery Investigation

    Hewlett-Packard Co. will pay $108 million to settle charges following an investigation by the U.S. Department of Justice and Securities and Exchange Commission of bribery activities in Poland, Russia and Mexico.

  • Cohen Hires Tortorella as Surveillance Chief for Point72

    Billionaire Steve Cohen hired Vincent Tortorella as chief surveillance officer for Point72 Asset Management LP, the family office that oversees Cohen’s wealth after the closing of his SAC Capital Advisors LP hedge- fund firm.

  • Credit Suisse Restates Fourth-Quarter Loss on U.S. Provision

    Credit Suisse Group AG, Switzerland’s second-biggest bank, said losses in the fourth quarter were larger than previously reported after it booked more charges for a probe into tax evasion by U.S. clients.

  • Julius Baer CEO Seeks Deals to Tap Affluent Latin Clients

    Julius Baer Group Ltd., Switzerland’s third-largest wealth manager, is searching for deals in Latin America where millionaires are increasingly banking onshore.

  • SBM Says Brazil Probe Finds No Improper-Payment Evidence

    SBM Offshore NV, the Dutch supplier of floating oil production platforms, said an internal investigation found no credible evidence of improper payments made to Brazilian government employees from 2007 through 2011.

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