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In 2010, Goldman Sachs was charged $550 million by the federal government for misleading investors ahead of the collapse of the housing market. The settlement shows just the extent to which compliance violations can harm the public. Now, organizations are employing advanced technology to try to protect the public and prevent against future penalties. Anheuser-Busch InBev's purchase of rival SABMiller in 2015 created the need for a new tool to examine the company's compliance with US anti-corruption laws in the 23 countries where it operated. Instead of going externally, global vice president for ethics and compliance Matt Galvin chose to build internally what eventually became BrewRIGHT. The platform allows Galvin to quickly review financial transactions across the globe for any potential illicit activity, helping to pinpoint where deeper investigations are needed. This article is part of Business Insider's ongoing series on Better Capitalism . Visit Business Insider's homepage for more stories. Read more
AUSTRALIA's competition regulator raised concerns over an $11 billion deal by Anheuser-Busch InBev to sell its local operations to Japan's Asahi, dealing a blow to the world's largest brewer's efforts to cut debt. The Belgium-based brewer, weighed down with some $100 billion net debt after its 2016 acquisition of rival SABMiller, has been selling assets and took its Asian business public this year to reduce debt and focus on other fast-growing markets. It hoped to close the sale of Carlton & United Breweries (CUB) to Asahi in the first quarter of 2020 and use the bulk of the proceeds to cut debt. But the Australian Competition and Consumer Commission (ACCC), in a preliminary view, said that the deal will reduce competition in the cider market and may also do so in the beer market, adding it will make a final decision in March. "The proposed acquisition would combine the two largest suppliers of cider in a highly concentrated market," it said, stating the combined business would control about two thirds of cider sales. Read more
Mergers and acquisitions are the norm in the retail business, and the past decade was no exception, with a slew of significant purchases and partnerships that had widespread impact for the industry. Here are the 12 largest and most surprising retail acquisitions of the past 10 years. Sign up for Business Insider's retail newsletter, The Drive-Thru. Visit Business Insider's homepage for more stories. The past decade marked a significant period of shakeups among some of the world's biggest retail companies. While several companies went bankrupt and closed their doors for good during the course of the last 10 years, others consolidated to grow stronger by expanding into new sectors and widening consumer bases. Walmart and Amazon each made several acquisitions designed to maintain their status as global e-commerce juggernauts. Meanwhile, US fashion brands teamed up in an attempt to build an American luxury conglomerate that might someday rival the likes of LVMH or Kering . We took a look at 12 of the biggest and most surprising retail acquisitions of the past decade. Read more
NEW DELHI: The investigations unit of India's Competition Commission has concluded that Anheuser-Busch InBev, Carlsberg and United Breweries colluded to fix beer prices, two people with direct knowledge told Reuters.The Competition Commission of India (CCI) launched the investigation after AB InBev told the watchdog it had detected an industry cartel, leading in 2018 to dawn raids at the three brewers' offices to collect evidence.The investigation has found that 15-20 executives from the three brewers were involved in discussions of beer prices before they were submitted to Indian state regulators, thereby violating antitrust laws, said the two sources, who declined to be named as the report is not public."The evidence seized by the CCI during searches last year was enough to nail the culprits," said one of the sources.AB InBev, the world's largest brewer, whose Indian offerings include Budweiser and Corona, told Reuters it would not be appropriate to comment at this time, but said it takes antitrust compliance "very seriously".Carlsberg, which sells beer under its own-name brand and also owns Tuborg, declined to comment on Friday, but has previously said it is "committed to complying" with all relevant laws.United Breweries, which is part-owned by Heineken and known for its Kingfisher brand, said it is "given to understand" the investigation report has been submitted to the CCI, and will present its case during the commission's hearing.The company added that it had made complete disclosures to CCI's investigation unit that it will use to "counter any legal presumptions and material impact against" it.The CCI did not respond to Reuters' request for comment. Read more

Banco de Sabadell reports Q1 results

10:30am, Friday, 26'th Apr 2019
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Average True Range (ATR) is a moving average of trading ranges over a certain period of time. High values are often found at market bottoms following a sell-off and low values are often found during e Read more
Goldman Sachs Group cut shares of Banco de Sabadell (OTCMKTS:BNDSF) from a buy rating to a neutral rating in a report issued on Friday, The Fly reports. Shares of OTCMKTS BNDSF opened at $1.06 on Frid Read more
Goldman Sachs Group lowered shares of Banco de Sabadell (OTCMKTS:BNDSF) from a buy rating to a neutral rating in a report issued on Friday, The Fly reports. Banco de Sabadell stock opened at $1.06 on Read more
Banco de Sabadell (OTCMKTS:BNDSF) was downgraded by stock analysts at Goldman Sachs Group from a “buy” rating to a “neutral” rating in a research note issued on Friday, The Fly reports. About Read more
Average True Range is a moving average of trading ranges over a specified time period. High values often occur at market bottoms following a “panic” sell-off while low values are often found durin Read more
Shares of BCO DE SABADELL A EO-,125 (FRA:BDSB) last traded at 0.96, representing a move of 6.55%, or 0.059 per share, on volume of 800 shares. After opening the trading day at 0.96, shares of BCO DE S Read more
Average True Range is a moving average of trading ranges over a specified time period. High values often occur at market bottoms following a “panic” sell-off while low values are often found durin Read more
Volume is the number of shares traded over a specified time period. Every seller has a buyer, and every transaction is added to the total count of the volume. When a buyer and a seller agree on a tran Read more
Despite yesterday's disappointing Google results, which saw the search giant beat estimates but its stock slump as investors were concerned by surging costs and expenses, global stocks extended their red hot start to 2019, hitting a 2 month high, boosted by Europe’s miners and banks while the dollar gained for a fourth day as traders waited for U.S. President Donald Trump’s State of the Union address following news the president had unexpectedly had dinner with Fed Chair Powell and Vice Chairs Clarida. After initially dipping, S&P futures gradually turned higher on Tuesday, tracking shares in Europe where the Stoxx 600 Index headed for the sixth advance in a row, even as chip suppliers Infineon Technologies and AMS issued warnings about future growth, boosted by strong earnings from oil giant BP, which reported that its profits had doubled, while another move higher in crude prices overnight pushed the oil and gas sector up 1.5%. Also helping were euro area PMIs, which were revised slightly upward. Read more

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