Following the formal approval given by the Securities and Exchange Commission, Consolidated Breweries Plc has acquired the majority shareholding in Champion Breweries Plc. A statement by the company on Wednesday said that the acquisition took effect on Tuesday, January 3, 2012. It noted, however, that Champion Breweries would still retain […]

European governments have agreed in principle to ban imports of Iranian oil, EU diplomats said on Wednesday, dealing a blow to Tehran that crowns new Western sanctions months before an Iranian election. The prospective embargo by the European Union, along with tough U.S. financial measures signed into law by President […]

Securities regulators charged an Illinois-based investment adviser on Wednesday with using LinkedIn and other social media networking websites to lure investors by offering more than $500 billion in fake securities. The Securities and Exchange Commission alleged that Anthony Fields, 54, of Lyons, Illinois, made the fraudulent offers to sell securities […]