Dow Jones said it found no sign of impropriety at its Chinese operations after the Wall Street Journal reported that a whistleblower accused Journal employees of bribing Chinese officials for information. The Justice Department asked Dow Jones to look into the matter as part of a probe into the 2011 British phone-hacking scandal at its parent company, Rupert Murdoch’s News Corp.
Citigroup has agreed to pay $730 million to settle a class-action lawsuit that claimed investors were misled by the bank’s disclosures when they bought its debt and preferred stock between May 11, 2006, and Nov. 28, 2008.
JPMorgan Chase has agreed to a deal that will return $546 million to former customers of trading firm MF Global Holdings, which collapsed in 2011 with $1.6 billion missing from its accounts. JPMorgan held MF Global funds in several accounts and processed the firm’s securities trades.
Barclays, Britain’s second-largest bank by assets, paid nine senior executives $61 million in bonuses, less than a year after the bank was fined for manipulating benchmark interest rates.
Neiman Marcus and two other retailers agreed to settle federal charges that they sold fur garments while advertising them as “faux fur” to satisfy some shoppers’ concerns about animal exploitation.
Boeing came under growing pressure to compensate airlines in hard cash for disruptions caused by the grounding of its 787 Dreamliner as two airlines — All Nippon Airways and Air India — maneuvered for immediate help instead of future purchase discounts.
Boeing technical workers have overwhelmingly approved a new four-year contract. In an earlier vote, the 7,200 workers rejected the offer, which replaces pensions with a 401 (k) retirement plan for new hires.
Ryanair Holdings may buy as many as 200 of Boeing’s newest narrow-body jet, the 737 Max, later this year after placing a record-setting order for the model that’s being phased out. The Dublin-based carrier plans to add discount flights in markets vacated by full-service rivals.
Samsung Electronics said it is developing a wristwatch as Asia’s biggest technology company races against Apple to create a new industry of wearable devices that perform tasks similar to those of smartphones.
Intertrust Technologies, a developer of digital rights management software jointly owned by Sony and Royal Philips Electronics, sued Apple for allegedly infringing 15 patents related to mobile-device security. Apple’s iPhone, the iPod touch, iPad product lines, laptop computers, Apple TV and App Store are built on secure computing technologies developed and patented by Intertrust, the company said. Apple declined to comment on the patent lawsuit.