Friday, September 10, 2010

Goldman Sachs' U.K. Fine: $27 Million

The U.K.'s Financial Services Authority said Thursday that Goldman Sachs Group Inc. agreed to pay a fine of £17.5 million ($27.1 million) for failing to make disclosures about trader Fabrice Tourre.

Mr. Tourre is the London-based trader at Goldman who was accused of fraud in an April lawsuit by the U.S. Securities and Exchange Commission. Goldman agreed in July to pay $550 million to settle SEC civil charges against the company, but Mr. Tourre is fighting the allegations.

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Steve Easterbrook assigned by McDonald's Corp as Global Chief Brand Officer

McDonald's Corp. appointed Steve Easterbrook, top executive in its United Kingdom and Northern Europe business, to the newly created post of global chief brand officer, in the latest management shift this year at the restaurant chain.

The new position will cover global marketing but also include other areas ...

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