The former chief executive officer of business lender Oak Rock Financial LLC pleaded guilty to bank fraud for causing $100 million in losses by deceiving investors and a bank about his company’s finances.
Ford Motor Co. and Honda Motor Co. stand to capture more of the U.S. automotive market than their counterparts during the next four years as they woo buyers with new products such as Ford’s aluminum F-150 pickup.
Hanjuan Jin, a former Motorola Inc. software engineer, was found guilty of stealing trade secrets from that company and acquitted of charges she did so to benefit a Chinese company and that country’s military.
An ex-Motorola Inc. software engineer should be found guilty of stealing trade secrets from the company to benefit a business in China and that nation’s military, a U.S. prosecutor told a federal judge.
The Standard & Poor’s 500 Index , which had its biggest weekly drop in three months last week, may face a “deeper correction” should it fall below its average during the past 20 days, according to StockCharts.com Inc.
Coca-Cola Amatil Ltd. won’t bid for Foster’s Group Ltd.’s beer division, the Sydney Morning Herald reported, citing an interview with incoming alcoholic beverages unit head John Murphy. Coca-Cola Amatil will instead focus on developing its own beer brands, the newspaper cited Murphy as saying. Murphy starts at the company on July 1, according to the Herald.