Volkswagen and its former chief executive have been sued by the US Securities and Exchange Commission over claims they failed to disclose to investors that diesel vehicles violated emission standards.

The US Securities and Exchange Commission says its newly created cyber unit had filed its first charges against an ‘initial coin offering’, alleging that a privately held company called PlexCorps and its top two officials had defrauded investors.

Memories of the day when the blue-chip stock index was undone by panic to trigger a record Dow Jones Industrial Average plunge of 508 points, equal to a 22.6% drop, stands as a stark reminder that no market is crash-proof.

In the widest sense of the word, corruption is the glue that holds the ‘system’ together. The time to fight back has arrived. Soon it will be too late, write Lili Fuhr and Simon Taylor 

Verizon Communications has said it would buy Yahoo’s core business for $4.48bn (€4.22bn), lowering its original offer by $350m in the wake of two massive cyber attacks at the internet company.

The owner of photo-sharing app Snapchat is reportedly lining up a Wall St flotation that could value it at up to €25bn.

Professional golfer Phil Mickelson is being sued by the US Securities and Exchange Commission (SEC) over claims he profited from an insider trading scheme.

Barclays will pay $70m to settle a case brought by US authorities over allegations the bank “misled” users of its “dark pool” trading system.

Herve Falciani, whose data leak spawned global investigations into how HSBC Holdings allegedly helped clients avoid taxes, won’t appear in person to defend himself against charges of violating bank secrecy laws and risk arrest.

Two of the biggest private-equity firms are disclosing fees that had largely been hidden.

Banana distributor Fyffes yesterday filed an investor presentation to the US Securities and Exchange Commission correcting what it refers to as misleading statements made in relation to its proposed merger with Chiquita.

Drugs giant GlaxoSmithKline has launched an investigation into allegations of corruption in Iraq just months after becoming embroiled in a major bribery scandal in China.

In today’s “rigged” US stock market, large investors such as Greenlight Capital are like “dumb tourists” led to a casino where the card games are fixed, according to Michael Lewis, whose book Flash Boys has touched off a national debate about high-frequency trading.

The US stock market is rigged in a way that benefits sophisticated traders at the expense of other investors, according to best-selling author Michael Lewis.

Google chairman Eric Schmidt’s pay packet more than doubled to $19.3m (€14m) last year as a new compensation plan reduced the total amounts for three other top executives.

Irish firm King Digital Entertainment, the maker of hit mobile phone game Candy Crush Saga, expects to be worth up to $7.6bn (€5.4bn) when it goes public this month as it looks to take advantage of strong demand for technology investments.

Tullow Oil suspended work at a project off Guinea as its partner at the site is investigated.

Italian watchdog Consob may fine the world’s biggest money manager, BlackRock, for not informing the regulator soon enough that it had increased its stake in Italy’s Telecom Italia, Consob’s chairman told an Italian newspaper.

Drugs giant GlaxoSmithKline has revealed a corruption probe in China sent sales of pharmaceuticals and vaccines in the country plummeting 61%.

That is the message that prosecutors will pound home today as five of Bernard Madoff’s long-time employees go on trial accused of enabling his $65bn Ponzi scheme.

US investment bank JP Morgan Chase has been fined US $920m (€688m) by regulators for “serious failings” over the London Whale trading scandal.

Social networking site Twitter has submitted documents ahead of a planned flotation on the stock market.

Social networking site Twitter has submitted documents ahead of a planned flotation on the stock market.

Trading in shares of more than 3,000 US companies listed by Nasdaq, including Google, Apple and Microsoft, was abruptly halted shortly after midday yesterday because of a technical problem, the latest black eye for the US securities trading business.

A former portfolio manager has urged a US federal judge to dismiss two insider trading charges tied to his firm’s sales of Elan’s US depositary receipts.

Tyler and Cameron Winklevoss, famous for their tussles with Facebook CEO Mark Zuckerberg in the social network’s early years, are seeking investors interested in the online currency Bitcoin.

SAC Capital Advisors, the hedge fund firm founded by Steven Cohen, owes Elan shareholders at least $685.6m (€533.3m) as a result of alleged insider trades in the drugmaker’s stock, investors said in a lawsuit.

The sophistication of a global network of thieves who drained cash machines around the globe of $45m (€35m) in mere hours sent ripples through the security world, not merely for the size of the operation and ease with which it was carried out, but also for the threat that more such thefts may be in store.

Brian Womack reports on the fallout from AP’s feed being hacked, sending markets briefly tumbling.

The US justice department has opened an investigation relating to Autonomy Corp after Hewlett-Packard accused the software company of misrepresenting its performance before being bought last year.

A Co Tipperary man at the centre of a multi-billion euro corporate writedown said he was shocked at allegations of accounting malpractice levied against him by Hewlett Packard (HP).

Shareholders in the Irish-headquartered FleetMatics are set to partake in the company’s $123m (€95m) IPO on the New York Stock Exchange.

Billionaire money manager George Soros reported a nearly 2% stake in Manchester United Plc in one of the first revelations of investors in the British soccer club’s controversial initial public offering earlier this month.

Irish-headquartered fleet management system FleetMatics is set to raise $100m (€80.5m) with an initial public offer (IPO) according to documents filed with the US securities and exchange commission.

US President Barack Obama argued in the battleground state of Ohio that the tax proposals of his Republican challenger Mitt Romney would be good for China and other countries, but bad for the US.

US president Barack Obama is set to argue in the battleground state of Ohio that the tax proposals of his Republican challenger Mitt Romney would be good for China and other countries, but bad for the United States.

JPMorgan Chase & Co, the biggest US bank, said it had lost $5.8bn (€4.7bn) in 2012 from disastrous credit bets and that traders might have tried to conceal the extent of the losses earlier this year.

Facebook’s initial public offering is getting less friendly with each passing day.

The chief executive of Nasdaq said the stock exchange is “humbly embarrassed” by its bungling of Facebook’s hugely anticipated debut as a public company on Friday.

The FBI has opened a probe into trading losses at JPMorgan Chase & Co, stepping up the pressure on the bank after the US Securities and Exchange Commission and the Federal Reserve said they were also looking into the wrong-way bets that led to the losses.

The chief investment officer at the US’s biggest bank is to step down after it unveiled shock $2bn (€1.55bn) losses last week.