JP Morgan Chase shot down a report that it was holding hundreds of millions of dollars in missing MF Global client funds. JP Morgan said that, much like other banks, it has been holding MF funds and awaiting instructions from the bankrupt company’s trustee.

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UK drug-maker GlaxoSmithKline has agreed to pay $3bn to settle all US investigations into the way the company marketed its products. The final settlement will be finalized next year, but should address all civil and criminal investigations, which began in

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Anglo American is to take control of diamond company De Beers after agreeing a $5.1bn deal to buy the Oppenheimer family’s 40% stake. The deal raises Anglo’s stake in the world’s largest diamond distributor to 85%, with the remainder

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