MILAN, Dec 5- Telecom Italia rebel investor Marco Fossati said on Thursday he was opposed to selling the company's Brazilian mobile unit TIM Participacoes to comply with an antitrust ruling.» Read More
BP won a legal reprieve to avoid payments over losses not traceable to the 2010 Gulf of Mexico oil spill, potentially sparing it extra costs.
US regulators are "optimistic" that they will be able to vote before the end of the year on a final Volcker rule to ban proprietary trading by banks.
A former Goldman Sachs trader who pleaded guilty to fraudulently building a futures trade should repay $118 million to his former employer, U.S. prosecutors said.
Deval Patrick has filed a lawsuit aimed at blocking the Martha's Vineyard- based Aquinnah Wampanoag tribe from opening a small casino on the island. Patrick on Monday filed a lawsuit with the state Supreme Judicial Court arguing that the Aquinnah ceded gambling rights in a 1983 settlement that secured tribal lands on the island.
The electric car maker said late Monday that it was notified by German regulators that they were closing their investigation into the post-crash fires in Washington, Tennessee and Mexico and would take no further action. Shares of Tesla Motors Inc. rose $7.83, or 6.3 percent, to $132 in premarket trading about an hour before the market opening.
SAN FRANCISCO-- An eight-year legal odyssey by a Malaysian university professor to clear her name from the U.S. government's no-fly list went to trial Monday in federal court in San Francisco. She has fought in court since her arrest at San Francisco International Airport in January 2005 to clear her name.
HONOLULU-- Retired professors Rod Powell and Bob Eddinger have been partners in life since they met at the University of Hawaii in 1977. On Monday, they joined in marriage on the first day their home state allowed same-sex couples to form such unions. Instead, they took Carolyn Golojuch, a gay rights activist who performed the marriage, and her husband out to lunch.
LONDON, Dec 3- Online gambling company Betfair said it was looking to grow its business in Italy and the United States after having pulled out of a number of countries because of unfavourable regulations and tax rates.
Dec 2- New York State's financial regulator, Benjamin Lawsky, sent subpoenas to 16 lead generator websites that sell sensitive consumer data to payday lenders, the latest development in a broader crackdown on the payday lending industry, the New York Times reported.
Dec 2- BP Plc won a legal reprieve in its effort to avoid payments to those whose losses were not traceable to the 2010 Gulf of Mexico oil spill, potentially sparing the oil company of extra costs. BP had agreed in 2012 to make payments to those who suffered economic losses as a result of the largest U.S. offshore oil spill.
If Rhodes rules Detroit is eligible for bankruptcy, which most experts expect, the city will begin working toward its next major move, the submission of a plan to readjust its more than $18 billion in debt.
DETROIT, Dec 2- Electric-car maker Tesla Motors Inc said Monday that Germany's vehicle regulatory agency will pursue "no further measures" after concluding a review of recent Tesla Model S fires in the United States and Mexico. Germany's Kraftfahrt-Bundesamt, or Federal Motor Transport Authority, was not immediately available for comment.
JUNEAU, Alaska-- The state has released regulations to implement Alaska's oil tax law, including use of metering to help determine what oil qualifies for special tax breaks.
WASHINGTON, Dec 2- The U.S. Supreme Court declined on Monday to tackle the long-standing question of whether Internet retailers like Amazon.com Inc should be required to collect sales taxes in states where they have no physical presence.
WASHINGTON, Dec 2- The U.S. Supreme Court on Monday sent a $470 million tax dispute between Ford Motor Co and the Internal Revenue Service back to a lower court for further review. Ford was denied a $470 million interest payment by a Michigan district court in 2010. The U.S. appeals court ruled against Ford in December 2012.
CAMBRIDGE, Mass.-- Biogen Idec said Monday the Food and Drug Administration extended its review of Alprolix, a drug designed to treat hemophilia B. Biogen Idec said the FDA extended its review by three months. Biogen Idec Inc. shares closed at $290.97 on Friday, and they rose 13 cents to $291.10 in premarket trading.
Dec 1- The U.S. Justice Department is not planning any penalties on a civil probe relating to allegations that large banks tried preventing competition in the credit default swaps market, the Wall Street Journal reported, citing people familiar with the matter.
LONDON, Dec 2- In 2006, Britain's energy regulator reviewed how the gas and electricity market was functioning. Summarising its findings, it noted the possibility that its rules on pricing had been overly generous to the network owners.
WASHINGTON _ Institute for Supply Management releases its manufacturing index for November, 10 a.m.; Commerce Department releases construction spending for September and October, 10 a.m..
WASHINGTON _ Institute for Supply Management releases its manufacturing index for November, 10 a.m.; Commerce Department releases construction spending for September and October, 10 a.m.. WASHINGTON _ House Education and the Workforce subcommittee hearing on financial aid for college.