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  • Tobacco giants settle smoking lawsuits for $100M Wednesday, 25 Feb 2015 | 10:43 AM ET

    Three major U.S. tobacco companies will pay $100 million to settle hundreds of federal lawsuits over smoking.

  • NEW YORK, Feb 25- Three major U.S. tobacco companies including R.J. Reynolds Tobacco Co, Lorillard Inc and Altria Group's Philip Morris USA will pay $100 million to settle hundreds of federal lawsuits over smoking, according to an announcement from plaintiffs' lawyers on Wednesday. The agreement will cover more than 400 lawsuits filed in federal court in Florida...

  • Goodyear settles on bribery charges Tuesday, 24 Feb 2015 | 12:37 PM ET
    Goodyear Tire and Rubber Co. to settle lawsuit with SEC of African bribe charges.

    The SEC said that Goodyear failed to prevent or detect more than $3.2 million in bribes in Kenya and Angola.

  • SAN JUAN, Puerto Rico— Puerto Rico's heavily indebted power company was slapped Tuesday with a federal class-action lawsuit alleging the agency joined several international oil companies in overcharging customers in the U.S. territory by more than $1 billion. The lawsuit filed by Seattle- based Hagens Berman Sobol Shapiro LLP names 20 defendants, including...

  • WASHINGTON, Feb 24- A Muslim woman denied a sales job at an Abercrombie& Fitch Co clothing store in Oklahoma because she wears a head scarf has won the support of Christians, Jews, Sikhs and fellow Muslims as the U.S. Supreme Court prepares to hear her case. The Supreme Court is due to hear a one-hour oral argument in the case on Wednesday, with a ruling due by the end of...

  • Feb 23- Comcast Corp and Time Warner Cable Inc have been sued for $20 billion for allegedly discriminating against African American-owned media and employing advocates such as the NAACP and the Rev. According to the complaint, Comcast entered into "memoranda of understanding" with Sharpton, the NAACP and other advocacy groups to provide large cash "donations"...

  • Last year, Citigroup Inc agreed to pay $7 billion to resolve claims it misled investors about shoddy mortgage-backed securities in the run-up to the financial crisis. JPMorgan Chase& Co also reached a $13 billion agreement with the regulator to settle similar government agency investigations, while Bank of America Corp settled mortgage probe with U.S....

  • In this July 31, 2002, file photo, workers clean the inside of a cafeteria hours after a bomb exploded at Hebrew University in Jerusalem, killing nine, four of them Americans, and wounding more than 70.

    In finding the Palestinian authorities liable in the attacks, jurors awarded the victims $218.5 million in damages for the bloodshed.

  • Company plans to resume work at Arizona uranium mine Sunday, 22 Feb 2015 | 12:00 PM ET

    The move by Energy Fuels Resources Inc. comes amid a lawsuit challenging the Canyon Mine on national forest land about six miles southeast of Tusayan. Energy Fuels is an intervener in the case. The court previously declined a request from the plaintiffs to keep Energy Fuels from doing any more drilling to reach the body of ore until the case was resolved.

  • NASHVILLE, Tenn.— A Knoxville financial adviser is suing Morgan Stanley, saying the company fired him for cooperating with the FBI in the investigation of the Pilot Flying J truck stop chain owned by the family of Cleveland Browns owner Jimmy Haslam and Tennessee Gov. According to the lawsuit, Verble had been spotted getting into a car with what appeared to be FBI...

  • Feb 20- A federal judge on Friday dismissed a lawsuit accusing Google Inc of harming smartphone buyers by forcing handset makers that use its Android operating system to make the search engine company's own applications the default option. Consumers claimed that Google required companies such as Samsung Electronics Co to favor Google apps such as YouTube...

  • WASHINGTON, Feb 20- Sysco Corp is not holding settlement talks with the U.S. government to resolve a lawsuit aimed at stopping a $3.5 billion merger of the food distributor and its largest rival, a lawyer for Sysco said on Friday. The Federal Trade Commission has filed a complaint aimed at blocking Sysco's purchase of U.S. Foods Inc. The FTC said the deal would give...

  • NEW YORK, Feb 20- Victims of Bernard Madoff's massive fraud are not entitled to inflation or interest adjustments on their claims, a federal appeals court ruled on Friday, in a decision that could speed the return of more than $1 billion to the swindler's former customers. Irving Picard, the trustee liquidating Bernard L. Madoff Investment Securities LLC, said he...

  • FRANKFURT/ NEW YORK, Feb 20- A U.S. judge has dismissed a lawsuit tied to the 1983 Beirut bombing that seeks $1.6 billion in assets belonging to Iran's central bank and held by a unit of German exchange operator Deutsche Boerse, the German company said Friday. In another case in 2013, Clearstream Banking SA, the clearing unit for Deutsche Boerse AG, agreed to transfer...

  • NEW YORK/ WASHINGTON, Feb 19- The U.S. government filed a lawsuit on Thursday seeking to block Sysco Corp's proposed takeover of rival food distributor US Foods Inc, saying the $3.5 billion deal would "eliminate significant competition" in the sector. Sysco's share price was down 3.4 percent for the day, initially on concerns that the Federal Trade Commission was...

  • NEW YORK/ WASHINGTON, Feb 19- The U.S. government filed a lawsuit on Thursday seeking to block a merger of the nation's two largest food distributors, US Foods Inc and Sysco Corp, which said it will fight the Federal Trade Commission action. Sysco and US Foods unveiled their $3.5 billion deal in December 2013. The FTC announcement sent Sysco's stock price lower, with...

  • UPDATE 1-FTC sues to block Sysco-US Foods merger Thursday, 19 Feb 2015 | 2:29 PM ET

    NEW YORK/ WASHINGTON, Feb 19- The Federal Trade Commission said on Thursday it has filed a lawsuit seeking to block a merger of Sysco Corp and US Foods Inc. Sysco and US Foods, the largest U.S. food distributors and the only ones with national reach, announced the $3.5 billion deal in December 2013. The tie-up has been controversial because Sysco and US Foods are the...

  • U.S. sues to stop proposed merger of Sysco, US Foods Thursday, 19 Feb 2015 | 2:15 PM ET

    WASHINGTON, Feb 19- U.S. antitrust regulators filed a lawsuit on Thursday aimed at stopping food distribution giant Sysco Corp from purchasing smaller rival US Foods, the Federal Trade Commission said on Thursday. Sysco and US Foods, the largest U.S. food distributors and the only ones with national reach, announced the $3.5 billion deal in December 2013.

  • Feb 19- The U.S. Federal Trade Commission is expected to file a lawsuit as early as Thursday seeking to block a merger of Sysco Corp and U.S. Foods, according to a person briefed on the matter. Representatives for the Federal Trade Commission declined to comment. Sysco and U.S. Foods did not immediately respond to requests for comment.

  • NEW YORK, Feb 19- American Express Co violated U.S. antitrust law by prohibiting merchants from steering consumers to use credit cards that have lower processing costs, resulting in higher prices, a federal judge ruled on Thursday. The decision in the closely-watched case is the second major setback for American Express this month, following its loss on Feb. 12 of...