• MEXICO CITY, July 9- Carlos Slim's telecommunications company, America Movil, will shed assets to avoid tough new telephone and TV regulations imposed by Mexico's Congress on Wednesday.

  • 'Duck of Justice' quacks down on crime Wednesday, 9 Jul 2014 | 2:38 PM ET
    Picture posted on facebook page of the Bangor Maine Police Department

    The Bangor Police Department has attracted more than 20,000 likes on its Facebook page after humorous pictures of a stuffed duck were added.

  • MEXICO CITY, July 9- Mexican telecoms company America Movil plans to divest assets as quickly as possible to escape tougher regulation, and it hopes to sell to a single buyer, spokesman Arturo Elias said on Wednesday.

  • Brooklyn just became more pot friendly Wednesday, 9 Jul 2014 | 1:24 PM ET
    Brooklyn District Attorney Kenneth Thompson

    Brooklyn's DA announced his office wouldn't prosecute possession of up to two ounces of weed, pending aggravating factors. NYT reports.

  • Farmers lost $9.7 million in failed grain elevator Wednesday, 9 Jul 2014 | 1:24 PM ET

    PIERCE, Neb.— The failure of a northeast Nebraska grain elevator earlier this year is expected to cost area farmers more than $4 million. Officials with the state Public Service Commission said this week they expect to raise $4.7 million from selling the grain Pierce Elevator Inc. held when it closed.

  • Bieber's got egg on his face after vandalism Wednesday, 9 Jul 2014 | 12:51 PM ET
    Singer Justin Bieber performs at the Empire Polo Club on April 13, 2014 in Indio, Calif.

    Justin Bieber will be charged in Los Angeles in connection with an egg-throwing incident in January that damaged a neighbor's home.

  • 10-year sentence for ex-New Orleans Mayor Nagin Wednesday, 9 Jul 2014 | 12:09 PM ET
    In this Wednesday, Feb. 12, 2014 photo, Former New Orleans Mayor Ray Nagin leaves federal court after his conviction in New Orleans.

    Ex-Mayor Ray Nagin was sentenced to 10 years in prison for bribery, money laundering and other corruption that spanned his two terms as mayor.

  • 'The Duke' duels Duke over trademark rights Wednesday, 9 Jul 2014 | 11:21 AM ET
    John Wayne in "True Grit"

    John Wayne's heirs are suing Duke University over its objections to use of his nickname in alcoholic beverages, according to the Hollywood Reporter.

  • July 9- A federal judge has dismissed the City of Miami's mortgage discrimination lawsuit against Bank of America Corp, ruling the city lacked legal standing to sue for damages under the U.S. "Against the backdrop of a historic drop in home prices and a global recession," the city had not traced foreclosures to Bank of America's actions, the judge said.

  • July 9- Harbinger Capital Partners has sued Dish Network Corp and its chairman, Charles Ergen, for at least $1.5 billion, accusing them of trying to strip the hedge fund of its control of bankrupt wireless company LightSquared. The lawsuit, filed in a Colorado federal court on Tuesday, said Ergen had engaged in fraud and violated a federal anti-racketeering law.

  • July 9- A federal judge has dismissed a lawsuit brought by the City of Miami against Bank of America Corp for mortgage discrimination, ruling the city lacked legal standing to sue for damages under the U.S. In a ruling with implications for other banks facing similar lawsuits, U.S.

  • July 9- State Street Corp has reached a $60 million settlement of a shareholder lawsuit that accused it of overcharging clients for foreign exchange services, and falsely stating it invested only in "high quality" assets, according to a court filing.

  • *France's Servier, Israel's Teva among those fined. BRUSSELS, July 9- European Union antitrust regulators fined French drugmaker Servier, Israel's Teva and four others a total of 428 million euros on Wednesday, as they crack down on deals which block cheaper generic medicine.

  • BRUSSELS, July 9- European Union authorities have reached an agreement with the German government on how to make its proposed green energy law compatible with EU state-aid rules, the bloc's antitrust chief said on Wednesday.

  • *France's Servier, Israel's Teva among those fined. BRUSSELS, July 9- European Union antitrust regulators fined French drugmaker Servier, Israel's Teva and four others a total of 428 million euros on Wednesday for blocking cheaper generic medicine.

  • Hundreds line up for legal pot sales in Washington Wednesday, 9 Jul 2014 | 2:51 AM ET

    SEATTLE— Washington's slow rollout of its legal marijuana market spreads to more cities Wednesday, one day after big crowds lined up outside the state's first licensed pot shops.

  • Obama torn by faith groups vs gay work rules Wednesday, 9 Jul 2014 | 12:00 AM ET

    Obama is being pressed by religious groups demanding exclusion from an executive order to bar discrimination against gays by federal contractors. The NYT reports.

  • SACRAMENTO, Calif., July 8- The judge in Stockton, California's bankruptcy on Tuesday ruled that the city has collateral worth $4.052 million with which it could pay holdout creditor Franklin Templeton, dismissing the city's contention its collateral was worthless.

  • NEW YORK, July 8- Wall Street's self-regulator said on Tuesday it is conducting examinations of 10 firms to ensure they are in compliance with regulations requiring that investors receive the best execution for their stock orders.

  • Scouring the market looking for opportunity? Jim Cramer says get these 5 things into your portfolio, pronto.

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