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Bristol-myers Squibb Co (BMY) Financial News - Fed Dissenters, Euro Tax, Zynga, Apple, Melanoma: Compliance

Bristol-myers Squibb Co (BMY)

Fed Dissenters, Euro Tax, Zynga, Apple, Melanoma: Compliance

Quote: deathsBristol-Myers Squibb Co. (BMY)’s Yervoy, cleared in March as the first treatment proven to extend lives of advanced melanoma patients. Jack ScannellLondonNew York, may earn $1.5 billion from Yervoy in 2015, according to the average estimate of three analysts surveyed by Bloomberg. Whiskey, Wine Fraud on Americans Brings 5-Year Term for Briton A British man who defrauded American and Canadian investors of about 30 million pounds ($49 million) through investment schemes tied to wine, whiskey, cognac and champagne was sentenced to 5 years in prison. Serious Fraud Office, which prosecuted the case, said in a statement yesterday. Gunter’s U.K.-based company called the Hallmark Partnership, and later Vintage Hallmark Plc, operated like a Ponzi scheme, prosecutors said. Gunter promised investors high rates of return over short periods of time, including a 50 percent return over 10 months for a champagne investment, and a 110 percent return over three months from whiskey investments. Gunter’s 5-year sentence was handed down in June and couldn’t be made public until yesterday because of reporting restrictions related to Gunter’s co-defendant Robin Grove’s trial. Gunter had previously been found guilty for his involvement in a similar wine investment scheme in 2008. He was sentenced to 4 1/2 years in prison for that fraud. He is to serve the terms concurrently. DLF Fined 6.3 Billion Rupees by India’s Antitrust Agency DLF Ltd. (DLFU) 6.3 billion rupees ($139 million) for “abuse of dominance” related to the sale of apartments. DLF, India’s largest developer, has received the regulator’s order and will examine all options including an appeal to the Competition Appellate Tribunal, the New Delhi- based company said in a statement yesterday. The Belaire Owners’ Association, representing buyers at the Belaire housing complex in DLF City in Gurgaon, had complained tha...
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