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Corporate Fraud

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  • Ultrasound Drugs Face FDA Warning: WSJ Sunday, 7 Oct 2007 | 11:14 PM ET

    The U.S. Food and Drug Administration is preparing to warn physicians about hazards with drugs that use ultrasound imaging machines to enhance the diagnosis of heart problems, the Wall Street Journal reported on its Web site on Sunday.

  • Yahoo, eBay Take Steps to Block Phishing Attacks Thursday, 4 Oct 2007 | 6:41 AM ET
    Yahoo

    Yahoo, is working with auction leader eBay and its PayPal payments unit to block fake e-mails to users purporting to be from eBay and PayPal, hoping to spur on an industry that has been slow to fight the scourge of so-called phishing attacks.

  • Bain Capital Agrees to Security Review of 3Com Buyout Thursday, 4 Oct 2007 | 2:28 AM ET

    Bain Capital Partners said it will submit for a national security review its proposed $2.2 billion buyout of networking equipment maker 3Com Corp.

  • Tylenol And The Thalidomide Scares: Moving Forward Tuesday, 2 Oct 2007 | 4:35 PM ET
    Old and new bottles of Tylenol products.

    This week it's 25 years since the first of seven people in Chicagoland died after taking Tylenol laced with cyanide. The scare led to new industry-standard, tamper-resistant over-the-counter drug packaging and became an enduring textbook case for corporate crisis management.

  • Texas Oilman Pleads Guilty in Oil-for-Food Scandal Monday, 1 Oct 2007 | 11:24 AM ET
    Oscar Wyatt

    Texas oilman Oscar Wyatt pleaded guilty Monday to conspiracy to commit wire fraud, one of five counts against him for his role in the U.N. oil-for-food scandal.

  • GE's 2007 International Sales to Top U.S. Sales Monday, 1 Oct 2007 | 1:22 AM ET

    General Electric said that, for the first time, it would earn more this year from its operations outside the United States than from in the U.S., mainly because of strong revenue growth in emerging markets.

  • Facebook Could Face Consumer Fraud Charge Sunday, 30 Sep 2007 | 5:12 PM ET

    The social networking Web site Facebook has been warned that it could face a consumer fraud charge in the state of New York.

  • Jets Fan Sues Patriots for $184 Million Sunday, 30 Sep 2007 | 12:51 PM ET

    A New York Jets season-ticket holder filed a class-action lawsuit Friday against the New England Patriots and coach Bill Belichick for "deceiving customers."

  • Four medical device implant makers will pay about $311 million and agree to federal monitoring and other reforms to settle a government probe into improper consulting contracts with surgeons, federal prosecutors said Thursday.

  • Shareholder Sues Moody's Over Subprime Ratings Wednesday, 26 Sep 2007 | 5:24 PM ET

    A union filed a shareholder lawsuit against Moody's on Wednesday claiming the rating agency did not tell investors it "assigned excessively high ratings" to bonds backed by subprime mortgages.

  • U.S. Economy May Avoid Recession: Freddie Mac Wednesday, 26 Sep 2007 | 5:55 AM ET

    Freddie Mac, the No. 2 U.S. mortgage financing company, does not expect the economy to fall into recession from the housing market downturn and even sees opportunities in the shake-up, its treasurer said on Wednesday.

  • California Court Sides with Disney in Pooh Case Tuesday, 25 Sep 2007 | 8:03 PM ET

    A California appeals court on Tuesday declined to reinstate a long-running case against the Walt Disney over royalties it paid for its popular Winnie the Pooh character.

  • Four Out of Five Companies Hit by Fraud: Survey Monday, 24 Sep 2007 | 2:41 PM ET

    Four out of five businesses worldwide have been hurt by some type of corporate fraud in the last three years, according to a survey commissioned by risk consultant Kroll.

  • Dell Ties Up With Gome to Sell PCs in China Monday, 24 Sep 2007 | 1:09 AM ET

    Dell said on Monday it would sell its latest range of personal computers through China's largest electronics retailer, Gome Group.

  • Class Action Attorney Melvyn Weiss to be Indicted Thursday, 20 Sep 2007 | 9:29 AM ET

    Prosecutors reached a plea deal earlier this week with Weiss's former partner, William Lerach, who along with Weiss helped shape the class-action legal industry and its pursuit of corporations for alleged wrongdoing.

  • Accredited, Lone Star Amend Merger Deal, Cut Price Wednesday, 19 Sep 2007 | 2:14 AM ET

    Subprime mortgage lender Accredited Home Lenders agreed on Tuesday to be bought at a lower price by Lone Star and to drop a lawsuit against the private equity firm.

  • Subprime Fallout: More Companies Slammed Tuesday, 18 Sep 2007 | 2:01 PM ET

    Fallout from credit problems in the mortgage market continued to batter various companies across the globe this week.

  • Dole Recalls Bagged Lettuce in U.S., Canada Monday, 17 Sep 2007 | 7:36 PM ET

    A division of Dole Food issued an international recall of bagged salad Monday after a sample taken from a store in Canada tested positive for E. coli, the company said.  There have been no reports of illness, company officials said. 

  • More Than 12 Parties Are Interested in Wendy's: WSJ Monday, 17 Sep 2007 | 7:09 PM ET

    More than a dozen parties have expressed interest in Wendy's International sale process, the Wall Street Journal reported on Monday, citing a person familiar with the the situation.

  • Pimco Plans $2 Billion Distressed-Debt Fund: WSJ Thursday, 13 Sep 2007 | 3:42 AM ET

    Pacific Investment Management Co. (Pimco) is planning to take advantage of relatively cheap mortgage securities in the wake of the recent credit crisis by launching a $2 billion distressed-debt fund to buy the beaten-down assets, the Wall Street Journal reported Thursday.