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  • RJ Reynolds vows to fight $23.6B in damages Sunday, 20 Jul 2014 | 3:02 AM ET

    MIAMI— The nation's No. 2 cigarette maker is vowing to fight a jury verdict of $23.6 billion in punitive damages in a lawsuit filed by the widow of a longtime smoker who died of lung cancer. R.J. Reynolds Tobacco Co. executive J. Jeffery Raborn has called the damages awarded by a Pensacola jury "grossly excessive and impermissible under state and constitutional law."

  • AP Top Extended Financial Headlines At 9:33 p.m. EDT Saturday, 19 Jul 2014 | 9:33 PM ET

    Plane crash in Ukraine unlikely to halt deepening divisions in old Soviet bloc on Russia International monitors try to secure sprawling Ukraine plane crash site for investigation Shooting down of Malaysia Airlines plane could force airlines into costly route changes Discontinued Nokia X phones suffered from improvements in Microsoft system, lack of identity Despite new boost, Maine nursing home funding challenges and political debate will remain Aruba official rejects Dutch involvement in financial affairs Uneven recovery: 5 years after recession, some US states enjoy hiring boom, others languish AbbVie, Shire agree on approx $55 billion combination, will form new UK incorporated company Investors look past geopolitical hot spots, send stocks higher on strong company earnings Florida jury slams tobacco company with $23.6 B in punitive damages in widow's lawsuit

  • ORLANDO, Fla., July 19- A Florida jury has awarded the widow of a chain smoker who died of lung cancer 18 years ago record punitive damages of more than $23 billion in her lawsuit against the R.J. Reynolds Tobacco Company, the nation's second-biggest cigarette maker.

  • ORLANDO, Fla., July 19- A Florida jury has awarded the widow of a chain smoker who died of lung cancer punitive damages of more than $23 billion in her lawsuit against the R.J. Reynolds Tobacco Company, the nation's second-biggest cigarette maker.

  • Fla. jury slams RJ Reynolds with $23.6B in damages Saturday, 19 Jul 2014 | 3:48 PM ET

    MIAMI— A Florida jury has slammed the nation's No. 2 cigarette maker, R.J. Reynolds Tobacco Co., with $23.6 billion in punitive damages in a lawsuit filed by the widow of a longtime smoker who died of lung cancer in 1996.. The case is one of thousands filed in Florida after the state Supreme Court in 2006 tossed out a $145 billion class action verdict.

  • Judge finds Chinese drywall maker in contempt Friday, 18 Jul 2014 | 5:57 PM ET

    NEW ORLEANS— A federal judge has ordered a China- based maker of drywall to pay $55,000 in penalties and attorney fees— and to stop doing business in the United States— as punishment for refusing to take part in court proceedings over harm allegedly done by the product. District Judge Eldon Fallon found Taishan Gypsum Co. Ltd. in contempt of court.

  • The case marks the first time that the SEC, which oversees the SIPC, has ever filed a lawsuit against the nonprofit corporation to try and force it to start a court liquidation proceeding. The SIPC, which was created by Congress, administers an industry-backed fund that is used to compensate investors if their brokerage collapses.

  • NEW YORK, July 17- The U.S. Securities and Exchange Commission and Rengan Rajaratnam, the younger brother of convicted Galleon Group founder Raj Rajaratnam, on Thursday asked a judge to stay the regulator's civil lawsuit for 60 days while they try to reach a deal.

  • States sue 5-Hour Energy over ad claims Thursday, 17 Jul 2014 | 2:56 PM ET

    The Oregon lawsuit filed Thursday in Portland contends 5- Hour Energy falsely claims customers get extra energy and focus from a unique blend of ingredients, when the boost actually comes from a concentrated dose of caffeine. Oregon has been part of a group leading a 33- state investigation into the accuracy of the product's claims.

  • *Portugal Telecom considering lawsuit targeting BES. LISBON, July 17- Banco Espirito Santo could be sued over a loan that one of its founding family's holding companies failed to repay to Portugal Telecom, sources said on Thursday, as credit rating agencies downgraded the bank and its key shareholder.

  • July 17- U.S. senators on Thursday demanded to know why General Motors Co did not fire its top lawyer after it was revealed this year that the automaker's litigation department knew of a widespread and deadly ignition flaw but failed to escalate the safety issue.

  • GM CEO back on the hot seat     Thursday, 17 Jul 2014 | 10:12 AM ET

    GM CEO Mary Barra is back on Capitol Hill to explain to a Senate panel why the automaker settled cases involving defective ignition switches but never pushed for further investigation. CNBC's Phil LeBeau reports the details.

  • LVMH and eBay settle litigation over fake goods Thursday, 17 Jul 2014 | 6:48 AM ET

    PARIS, July 17- LVMH Moet Hennessy Louis Vuitton and eBay Inc have settled a long-running court battle over the sale of counterfeit luxury goods on the U.S. company's online auction website. LVMH also claimed that the sale of real perfumes through non-approved distribution channels such as eBay hurt its business.

  • AP Top Financial News At 11:14 p.m. EDT Wednesday, 16 Jul 2014 | 11:14 PM ET

    US stocks close higher; Time Warner soars Australia repeals controversial carbon tax Strong PayPal growth boosts eBay's 2 Q profit Obama pushes to stop corporate overseas tax moves Study: US millennials buying homes later Yellen rejects move to set up formula for Fed Apple may refund $400 M in digital book settlement Bank of America takes $4 billion litigation hit

  • AP Top Financial News At 9:36 p.m. EDT Wednesday, 16 Jul 2014 | 9:36 PM ET

    US stocks close higher; Time Warner soars Australia repeals controversial carbon tax Strong PayPal growth boosts eBay's 2 Q profit Obama pushes to stop corporate overseas tax moves Study: US millennials buying homes later Yellen rejects move to set up formula for Fed Apple may refund $400 M in digital book settlement Bank of America takes $4 billion litigation hit

  • AP Top Extended Financial Headlines At 9:36 p.m. EDT Wednesday, 16 Jul 2014 | 9:36 PM ET

    Dow reaches another record following earnings, deal news; Time Warner soars on Murdoch bid Australia repeals carbon tax on nation's worst polluters after years of controversy EBay 2 Q profit rises on PayPal growth; eBay e-commerce unit hampered by cyberattack Obama administration pushes to stop companies from looking to overseas combos for tax relief Younger Americans wait to buy homes because of changes in marital status, education and race Yellen says forcing Fed to follow formula in setting interest rates would be grave mistake Apple to pay $400 million to settle e-book price-fixing case unless company prevails in appeal Bank of America's income falls, takes $4 billion of litigation costs; Settles with AIG

  • AP Top Extended Financial Headlines At 7:06 p.m. EDT Wednesday, 16 Jul 2014 | 7:06 PM ET

    Dow reaches another record following earnings, deal news; Time Warner soars on Murdoch bid EBay 2 Q profit rises on PayPal growth; eBay e-commerce unit hampered by cyberattack Obama administration pushes to stop companies from looking to overseas combos for tax relief Younger Americans wait to buy homes because of changes in marital status, education and race Yellen says forcing Fed to follow formula in setting interest rates would be grave mistake Apple to pay $400 million to settle e-book price-fixing case unless company prevails in appeal Bank of America's income falls, takes $4 billion of litigation costs; Settles with AIG Oil price rises to over $101 on large US stock draw, economic growth in China

  • AP Top Extended Financial Headlines At 6:14 p.m. EDT Wednesday, 16 Jul 2014 | 6:14 PM ET

    Dow reaches another record following earnings, deal news; Time Warner soars on Murdoch bid EBay 2 Q profit rises on PayPal growth; eBay e-commerce unit hampered by cyberattack Obama administration pushes to stop companies from looking to overseas combos for tax relief Younger Americans wait to buy homes because of changes in marital status, education and race Yellen says forcing Fed to follow formula in setting interest rates would be grave mistake Apple to pay $400 million to settle e-book price-fixing case unless company prevails in appeal Bank of America's income falls, takes $4 billion of litigation costs; Settles with AIG Oil price rises to over $101 on large US stock draw, economic growth in China

  • AP Top Extended Financial Headlines At 5:11 p.m. EDT Wednesday, 16 Jul 2014 | 5:11 PM ET

    Fed survey: US economy expanding in all regions of country, helped by consumer spending Yellen says forcing Fed to follow formula in setting interest rates would be grave mistake Obama administration pushes to stop companies from looking to overseas combos for tax relief Younger Americans wait to buy homes because of changes in marital status, education and race Apple to pay $400 million to settle e-book price-fixing case unless company prevails in appeal Bank of America's income falls, takes $4 billion of litigation costs; Settles with AIG Oil price rises to over $101 on large US stock draw, economic growth in China

  • AP Top Financial News At 4:41 p.m. EDT Wednesday, 16 Jul 2014 | 4:41 PM ET

    Latest Fed survey sees improved economy Yellen rejects move to set up formula for Fed Obama pushes to stop corporate overseas tax moves Study: US millennials buying homes later Apple may refund $400 M in digital book settlement Bank of America takes $4 billion litigation hit Oil price rises on inventory draw, China growth