Hackers working for China's army appear to have resumed their attacks on U.S. companies. The NYT reports.» Read More
WASHINGTON, May 20- In a case involving whistleblowers at Fidelity Investments, the U.S. Supreme Court on Monday agreed to consider whether mutual fund employees are subject to the same whistleblower protections as workers at publicly traded companies.
WASHINGTON, May 20- The U.S. Supreme Court on Monday ruled for utility PPL Corp over its dispute with the U.S. Internal Revenue Service concerning credits the company claimed to offset overseas tax payments.
WASHINGTON, May 20- The U.S. Supreme Court on Monday agreed to hear a patent dispute concerning Medtronic Inc over medical devices it manufactures that give the heart electrical jolts when it fails to pump blood properly.
*SEC warns municipalities not to gloss over financial health. When on May 6 the SEC charged the cash-strapped capital city of Pennsylvania, it effectively put officials across the country on notice that even political statements like annual state of the city addresses must not overstate financial conditions.
Medtronic wants the Supreme Court to reverse an appeals court's finding that it had the burden of showing that it was not infringing on patents owned by Mirowski Family Ventures LLC and licensed exclusively to Boston Scientific Corp..
WASHINGTON, May 20- In a case involving whistleblowers at Fidelity Investments, the U.S. Supreme Court on Monday agreed to consider whether mutual fund employees are subject to the same whistleblower protections as those who work for publicly traded companies.
NEW YORK, May 20- The Securities Industry and Financial Markets Association named former Republican Senator Judd Gregg as its chief executive officer, the lobbying group said Monday.
Consumer spending is likely to pick up this year, while government spending declines at a faster rate, according to a survey of business economists.
Hackers working for China's army appear to have resumed their attacks on U.S. companies. The NYT reports.
*Myanmar president in first visit to Washington. *Washington wants to foster ally on China's border. WASHINGTON, May 20- President Barack Obama will walk a fine line between fostering a U.S. ally in China's backyard and trying to defend human rights when the president of Myanmar becomes the first head of his country to visit the White House in 47 years on Monday.
U.S. lawmakers are getting ready for a second week of scrutinizing the circumstances surrounding the IRS targeting of conservative groups, reports CNBC's John Harwood.
The chances of a deal between Democratic and Republican lawmakers that would overhaul the U.S. tax system, trim government spending and reform safety net spending programs appear to be fading.
And a spate of scandals, involving the Internal Revenue Service, security for the U.S. mission in Benghazi and the seizure of phone records from the Associated Press news agency, has distracted Congress and the White House. But, he said, "the chances that this Congress does anything useful, which were already low, are even lower."
BRIDGEPORT, Conn., May 19- Thousands of Connecticut commuters should brace for travel chaos on Monday as Metro-North workers repair damage on the United States' busiest rail line caused by the collision of two trains, officials warned on Sunday.
*Macau junkets act as pseudo banks for China capital outflows. ZHUHAI, China/ HONG KONG, May 20- In an underground mall just a stone's throw from China's teeming border with Macau, a row of 30 small shops with identical golden plaques does a brisk, though shadowy trade with mainland Chinese visitors, many of them bound for the gambling hub.
*EU emissions trading provoked ire from U.S., China, others. The scheme had pitted European states against China, the United States, India and others, who said it violated their sovereignty.
Federal Reserve Chairman Ben Bernanke painted an upbeat picture on Saturday for the potential of innovation to lift living standards.
WASHINGTON, May 18- Cybersecurity professionals know a myriad of ways hackers can try to wreak havoc on critical infrastructure or infiltrate corporations to steal or spy, but it is the fear of the unknown that some say keeps them up at night.
Federal Reserve Chairman Ben Bernanke painted an upbeat picture on Saturday for the potential of innovation to lift living standards, delivering a sweeping look at the last 100 years that included memories of his 1963 South Carolina home.
*Google expects Glass etiquette to evolve. SAN FRANCISCO, May 18- Google staged four discussions expounding on the finer points of its "Glass" wearable computer during this week's developer conference.