U.S. Securities and Exchange Commission economists have begun scrutinizing riskier types of exchange-traded funds as part of an effort to determine whether they may inflame already rocky market conditions.
The U.S. subsidiary of global pharmaceutical company Daiichi Sankyo Co Ltd has agreed to pay $39 million to the U.S. government and state Medicaid programs to settle claims it paid doctors kickbacks to prescribe its drugs, the Department of Justice said on Friday.
Apparel retailer Wet Seal Inc has hired restructuring lawyers to help it with a potential bankruptcy filing, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
The chairman of a U.S. futures industry regulator says a dispute over board nominations at the organization and allegations of improprieties may stem from a director's campaign to hold onto his seat.
