Skip to content
The large fine would lift a regulatory shadow that has hung over the bank for several years and mark a signature victory for the government's efforts to clamp down on illegal trading techniques, such as spoofing, especially in the precious metals markets. JPMorgan has said in public filings https://jpmorganchaseco.gcs-web.com/node/338201/html that it was in discussions with authorities about resolving the investigations. The settlement with the Department of Justice, the Securities and Exchange Commission (SEC), and the Commodity Futures Trading Commission (CFTC) could come as soon as this week and is not expected to result in any restrictions on the bank's business, the person said....
Gilead Sciences Inc has agreed to pay $97 million to resolve U.S. government claims it used a purportedly independent charity to pay illegal kickbacks to cover Medicare patients' out-of-pocket costs for its pulmonary arterial hypertension drug Letairis. The U.S. Department of Justice said on Wednesday the settlement resolves allegations that Gilead improperly used the Caring Voice Coalition as a conduit to cover thousands of patients' co-payment obligations. "Gilead used data from CVC that it knew it should not have, and effectively set up a proprietary fund within CVC to cover the co-pays of just its own drug," U.S. Attorney Andrew Lelling in Boston said in a statement....
Aggressive investors who know how to balance risk and reward are likely to be the biggest winners as oil prices rebound from record lows...
Mack Trucks' new MD Series is the company's first medium-duty offering since 2003. Although the pandemic delayed the start of production, it didn't interfere with a test drive opportunity. Meet the new MD in this Focus On video from Equipment Editor Jim Park. ...
Mack Trucks' new MD Series is the company's first medium-duty offering since 2003. It was introduced in January of 2020, and then the pandemic hit. That delayed the start of production, but it didn't interfere with a test drive opportunity. ...
The U.S. Department of Labor announced a proposed rule that aims to clarify who’s an employee and who’s an independent contractor under the Fair Labor Standards Act, which could be good news for some trucking companies using owner-operators. ...
Stock futures traded mixed Wednesday evening, but mostly hugged the flat line as equity investors took a pause from the heavy selling earlier in the day....
