LOS ANGELES— A man will plead guilty to securities fraud and pay regulators around $801,000 for using insider information to profit from Disney's $4 billion acquisition of Marvel Entertainment in 2009..» Read More
WASHINGTON, April 16- AT&T Inc has threatened to sit out a major U.S. auction of airwaves if regulators reserve some of the spectrum for smaller rivals, the No. 2 wireless company said in a filing released on Wednesday.
NORTHBROOK, Ill.— The U.S. Justice Department announced Wednesday that an Illinois- based pharmaceutical company will pay $7.3 million to resolve allegations involving the marketing of the drug Mycamine. Northbrook- based Astellas Pharma US Inc. manufactures and sells Mycamine, which is used to treat invasive fungus infections.
John Kasich has sworn in a former state budget director and lawmaker as Ohio's top utility regulator. The Republican governor swore in Thomas Johnson as chairman of the Public Utilities Commission of Ohio on Wednesday. Johnson, of suburban Columbus, replaces Todd Snitchler, who decided not to seek reappointment when his term expired April 10.
WASHINGTON, April 16- Wall Street's self-funded regulator said on Wednesday it will consider proposing mandatory background checks for brokers after critics pointed to gaps in disclosures by some with checkered histories.
April 16- Signaling a tougher stance toward legal claims stemming from its recent recall over faulty ignition switches, General Motors Co said it will ask a U.S. court to bar lawsuits related to actions before its 2009 bankruptcy.
FORT LAUDERDALE, Fla.— The former chief financial officer of convicted Ponzi schemer Scott Rothstein's law firm has been charged with conspiracy in the $1.2 billion fraud. South Florida federal prosecutors filed a court document Wednesday charging Irene Shannon in the case.
April 16- Bank of America Corp reported an unexpected first-quarter loss on Wednesday after it took a $6 billion charge to cover litigation expenses, a figure that far exceeded the legal settlements the No. 2 U.S. bank has announced recently.
*Biggest falls at UBS, Deutsche Bank, Barclays and Lloyds. LONDON, April 16- Europe's top 30 banks cut assets by 2 trillion euros last year and are set to cut them again in 2014 as regulatory pressure prompts investment banks to shrink and retail banks sell some of their loans into a rising market.
AUCKLAND, April 16- Internet tycoon Kim Dotcom holds court while bathing in the pool of a sprawling New Zealand mansion, fist bumping and chatting with some of the 700 guests gathered to celebrate the political party he launched last month to promote Internet freedom.
BEIJING— Since Malaysia Airlines Flight 370 went missing, some lawyers have claimed they can get several millions of dollars in damages for each lost passenger by taking the cases to the United States.
DETROIT— General Motors revealed in court filings late Tuesday that it will soon ask a federal bankruptcy judge to shield the company from legal claims for conduct that occurred before its 2009 bankruptcy.
District Court judge on Tuesday stopped Massachusetts from implementing a ban on the sale of Zogenix Inc's prescription painkiller Zohydro, saying federal law superseded the state's action.
NEW YORK— New York City Mayor Bill de Blasio signed legislation Tuesday that makes sure the city's law against discrimination applies to interns, whether they're paid or not. The law, passed by the City Council late last month, clarifies that the protections of the city's Human Rights Law cover interns as well as employees.
District Court judge on Tuesday stopped Massachusetts from implementing a ban on the sale of Zogenix Inc's prescription painkiller Zohydro, saying federal law superceded the state's action.
SAN FRANCISCO, April 15- Witnesses at an upcoming trial over no-hire agreements in Silicon Valley should not be allowed to offer evidence that Apple co-founder Steve Jobs was "a bully," four major tech companies argued in a court filing.
April 15- U.S. health regulators have approved four Boston Scientific Corp implantable devices for heart patients, including a next generation of smaller defibrillators to treat abnormal heart rhythms, the company said on Tuesday.
NEW YORK, April 15- Apple Inc on Tuesday lost an attempt to dismiss lawsuits by state attorneys general accusing it of conspiring with five major publishers to fix e-book prices. Following a non-jury trial, Cote in July found that Apple from 2009 to 2010 conspired with the publishers to raise e-book prices and impede competitors such as Amazon.com Inc..
BOSTON, April 15- Massachusetts' top securities regulator on Tuesday charged a company that marketed online telephone services with running a $1 billion pyramid scheme that targeted minorities, including Brazilian-Americans.
Four major tech companies said witnesses should not be allowed to offer evidence that Steve Jobs was a "bully" during an upcoming hiring trial.
April 15- New York state's top financial regulator has ordered Credit Suisse to turn in the employment records of its former New York head as part of a widening investigation into potential tax evasion involving the Swiss bank, a source close to the matter told Reuters.
Get the best of CNBC in your inbox