Business

NatWest Markets pleads guilty to wire and securities fraud

NatWest Markets PLC pleaded guilty Tuesday to wire and securities fraud, admitting that its traders in London, Singapore and Connecticut engaged in a number of schemes between 2008 and 2018 to manipulate U.S. Treasury markets.

Lumber prices are on the rise again

Lumber prices have shot up again in a rise reminiscent of a year ago, when high-climbing wood prices warned of the hinky supply lines and broad inflation to come.

Oracle in talks to purchase Cerner

Oracle is in talks to buy electronic medical records company Cerner Corp., according to people familiar with the matter, a deal that could be worth around $30 billion and push the enterprise-software giant further into health care.

BlackRock pulling $2 trillion of assets out of State Street

BlackRock Inc. BLK -0.10% is pulling some $2 trillion of assets out of State Street Corp.’s STT -2.29% safekeeping, a move that will reduce the investing firm’s reliance on a small number of parties and lower the fees it pays for back-office work.

Subway co-founder Peter Buck dead at 90

Peter Buck who co-founded Subway in 1965 and watched it grow into a worldwide franchise, has died at the age of 90, the company said in a statement.

Elizabeth Holmes claps back against serious allegations about Theranos

For the first time in her criminal-fraud trial, Elizabeth Holmes on Tuesday took aim at the most serious allegations made against her by prosecutors, offering a narrative of herself as a well-intentioned if inexperienced entrepreneur who had some success in her effort to transform health care.