Four former executives of JDS Uniphase did not commit securities fraud or engage in insider trading when they sold more than $350 million in JDSU stock before its price plunged in 2001, a U.S. jury said Tuesday.
Samsung chairman Lee Kun-hee spent the conglomerate’s slush funds as if they were his own money, a former senior legal advisor to the conglomerate said. Kim Yong-chul said Lee on one occasion spent $64.5 million on artworks for his wife.
U.S. network-equipment maker Cisco Systems said Thursday it suspended one of its Latin American executives due to criminal accusations against him regarding the company's ongoing tax evasion case in Brazil.
A New York appeals court has upheld the convictions of former Tyco International senior executives Dennis Kozlowski and Mark Swartz, the court clerk's office said Thursday.
Dennis Kozlowski has gone from the pinnacle of corporate power to the prison laundry, where he is washing other inmates' clothes when he's not helping them get their high school diplomas, the disgraced Tyco CEO says in an exclusive interview with CNBC.
Two former officers at a company that supplies body armor to the U.S. Army face charges they inflated the company's stock price and made nearly $200 million in the process.
The U.S. Justice Department is expected to seek indictments of up to four former BP traders as early as Thursday, the Wall Street Journal reported in its online edition.
Oil major BP faces fines in excess of $300 million to settle civil and criminal probes related to market manipulation charges and a Texas refinery explosion that killed 15 workers in 2005.
A U.S. securities regulator Tuesday warned investors to be wary of scams touting huge potential profits from energy-related stocks, when the onlypeople likely to make money are those running the schemes.
The chief executive of online gaming company Unibet Group has been arrested in the Netherlands on a French warrant, the company said Tuesday.
Singapore's SembCorp Marine removed its finance director, alleging he entered into unauthorized foreign-exchange transactions that could lead to an estimated US$248 million in losses.
The head of French media group Lagardere survived a challenge to his seat on a new board at Airbus parent EADS on Monday despite calls from minority shareholders that he should step down.
Conagra Foods on Wednesday said it is not the target of a federal investigation into possible fraud and corruption in supplying the U.S. military in Iraq, denying information in a newspaper report.
Bank of Cyprus denied on Tuesday civil money laundering charges filed against it by US prosecutors, saying the case was legally and factually without merit.
Citigroup CEO Charles Prince will get more time to help turn around the company's fortunes, according to CNBC On Air Editor Charles Gasparino.
Orthopedic device makers Zimmer Holdings, Stryker, Medtronic and Biomet have been notified that U.S. securities regulators intend to investigate possible violations of the Foreign Corrupt Practices Act.
On Tuesday, the U.S. Supreme Court is hearing an case that some say may alter the landscape of investing. The outcome potentially could strengthen shareholder confidence -- or stifle investment markets.
Steven G. Schulman was charged in Los Angeles as part of a seven-year investigation into allegations that kickbacks were paid to people who agreed to be plaintiffs in class-action suits.
On Oct. 9, the U.S. Supreme Court will hear a case that some say may open the flood gates to a tidal wave of investor lawsuits. Legal experts joined CNBC to debate both sides of the issue.
US Treasury debt prices were steady early Tuesday as investors looked ahead to the release of minutes from the Federal Reserve's policy meeting last month when the central bank cut benchmark interest rates.