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  • 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 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 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 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

  • Department of Justice official on Wednesday issued a thinly veiled threat to Bank of America Corp, saying that banks under investigation for shoddy mortgage securities they sold before the financial crisis must admit to misconduct and pay substantial penalties or face lawsuits from the agency.

  • AP Top Extended Financial Headlines At 4:13 p.m. EDT Wednesday, 16 Jul 2014 | 4:13 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 Shares of BlackBerry lower after Apple, IBM announce business app partnership

  • AP Top Financial News At 3:16 p.m. EDT Wednesday, 16 Jul 2014 | 3:16 PM ET

    Latest Fed survey sees improved economy Yellen rejects move to set up formula for Fed Study: US millennials buying homes later Bank of America takes $4 billion litigation hit US stocks up in afternoon trading on earnings news Apple may pay $400 M in digital book settlement Apple-IBM deal weighs on BlackBerry shares VW passes GM in global auto sales race

  • AP Top Extended Financial Headlines At 3:08 p.m. EDT Wednesday, 16 Jul 2014 | 3:08 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 Younger Americans wait to buy homes because of changes in marital status, education and race Bank of America's income falls, takes $4 billion of litigation costs; Settles with AIG US stocks rise in afternoon trading on earnings reports; Time Warner soars on Murdoch bid Apple to pay $400 million to settle e-book price-fixing case unless company prevails in appeal Shares of BlackBerry lower after Apple, IBM announce business app partnership Volkswagen passes General Motors to take second place in global auto sales race

  • AP Top Extended Financial Headlines At 2:04 p.m. EDT Wednesday, 16 Jul 2014 | 2:04 PM ET

    Fed survey: US economy expanding in all regions of country, helped by consumer spending Apple to pay $400 million to settle e-book price-fixing case unless company prevails in appeal Volkswagen passes General Motors to take second place in global auto sales race Yellen says forcing Fed to follow formula in setting interest rates would be grave mistake Rejected Fox bid for Time Warner underscores mood to consolidate When you die: Proposal gives loved ones access to online accounts unless will says otherwise Workers, union seek to keep 3 endangered Atlantic City casinos open Younger Americans wait to buy homes because of changes in marital status, education and race US stocks rise in afternoon trading on earnings reports; Time Warner soars on Murdoch bid Bank of America's income falls, takes $4 billion of litigation costs; Settles with AIG