Companies that disclose suspected criminal activity to US federal prosecutors could receive up to a 75 per cent reduction in penalties, as the justice department seeks to sweeten the incentives for co-operation. The department’s corporate enforcement policy had previously recommended a maximum penalty reduction of…

Plunging profits at the two premier Wall Street investment banks sparked contrasting reactions from investors, who punished Goldman Sachs for a sharp fall in investment banking fees while rewarding Morgan Stanley’s push into more stable businesses.The earnings further underscored the benefits of Morgan Stanley’s expansion…

A woman receives a booster dose of the Moderna coronavirus disease (COVID-19) vaccine at a vaccination centre in Antwerp, Belgium, February 1, 2022.Johanna Geron | ReutersModerna on Tuesday said its vaccine targeting respiratory syncytial virus is effective at preventing disease in older adults.The vaccine was…

A grounds crew member directs an United Airlines airplane to a gate at Terminal A at Newark Liberty International Airport (EWR) in Newark, New Jersey, US, on Thursday, Jan. 12, 2023.Aristide Economopoulos | Bloomberg | Getty ImagesUnited Airlines’ fourth-quarter profit and outlook for early 2023…

The Tesla Model S that braked sharply and triggered an eight-car crash in San Francisco in November had the automaker’s controversial driver-assist software engaged at the time, according to data the federal government released Tuesday. The Tesla Model S slowed to 7 mph on the…

Republican state attorneys-general in the US have taken aim at corporate proxy advisers, challenging Institutional Shareholder Services and Glass Lewis over their recommendations tied to climate and social goals.The two companies, which dominate the business of guiding investors on board votes and shareholder resolutions, are…