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Cohen “failed reasonably to supervise one of his senior employees, who engaged in insider trading”, the SEC said.

Some analysts said the rules were less draconian than expected, as the restrictions do not apply to shares acquired in the secondary market, or share sales outside the exchanges’ bidding system, such as block trades, or negotiated transfers.

Futures on US shares declined after the S&P 500 added 0.2 percent Tuesday amid a retreat in shares of Apple Inc. On Thursday, it reportedly had intervened to defend the yuan in offshore trade, reversing a decline of more than 1 percent that took it to a record low of 6.7600...

In a statement, SoCal Gas Chief Executive Dennis Arriola said “our focus remains on quickly and safely stopping the leak and minimizing the impact to our neighbors in Porter Ranch”.

“Southern California is now the only region in the USA with gas price averages above $3 a gallon, but that could change soon in response to plummeting local wholesale prices as supply fears from unplanned maintenance may have reached an end, ” says Jeffrey Spring, a spokesman for...

The scandal became known only in late September, so it only could have affected figures in the last months of the year.

The health of China’s economy has big implications for countries all around the world even though the USA economy is doing fairly well and Europe’s economy looks healthier. When you add in geopolitical issues there’s another excuse for people to be relatively timid.

Americans bought more new cars in 2015 than ever before.

United Airlines was fined $2.75 million for mistreating disabled air travelers, the US Department of Transportation (DOT) announced today.

In Rep. Levin’s TPP study, released yesterday, he argues that the trade deal fails to clarify exactly what constitutes currency manipulation, nor does it offer meaningful protections, though the authors do applaud increased transparency about monetary practices by the...

Saudi Arabia and a number of Arab countries severed relations with Iran after the ransacking of the Saudi embassy in Tehran this week by angry mobs protesting the execution of Shiite cleric Sheikh Nimr al-Nimr by Riyadh.

Saudi Arabia may be forced to devalue its currency after announcing a harsh austerity budget with spending cuts, privatisations, and hikes in taxes and prices of fuel, gas feedstock and electricity, which combined to add further pressure on global crude oil prices.

GM’s investment comes as part of a larger round of fundraising from Lyft, which has seen the Uber rival raise over $1 billion in financing.

Saudi Arabia also announced plans to shrink the record state budget deficit with spending cuts and a drive to raise revenues from sources other than oil.

The picture is similarly gloomy on Wall Street, with the SP 500 losing 2.4 per cent on Thursday, with 40 per cent of the stocks in the benchmark trading 20 per cent or more off of their highs, the definition of a bear market.