HOUSTON, July 2- BP Plc has reached an $18.7 billion deal with the U.S government and five states to settle litigation stemming from its deadly 2010 Gulf of Mexico oil well blowout and explosion that killed 11 men and unleashed the worst spill in U.S. history. It also seeks to resolve environmental and economic damage claims by Louisiana, Mississippi, Alabama,...» Read More
The U.S. Supreme Court’s tossing out of a massive class-action sex-discrimination suit against Wal-Mart was a “huge victory” with broad consequences, the retailer’s lead counsel Ted Boutrous told Larry Kudlow Monday.
The Wal-Mart victory handed down by the Supremes today is a great win for all business, and a huge defeat for frivolous class-action lawsuits.
Winifred Jiau is found guilty of securities fraud and conspiracy to commit fraud, reports CNBC's Scott Cohn.
The court-appointed receiver who is recovering assets for investors in Allen Stanford's alleged Ponzi scheme is demanding that Libya's sovereign wealth funds return millions of dollars they somehow managed to withdraw just before the firm blew up in 2009, CNBC has learned.
The level of suspicious trading ahead of UK mergers and acquisitions fell sharply last year to 21 percent, the lowest level since 2003, as regulators around the world intensified efforts to combat insider trading, the FT reported.
The Securities and Exchange Commission is examining whether an offer of $50 million from Goldman Sachs to Libya's sovereign wealth fund may have violated the Foreign Corrupt Practice Act, according to the Wall Street Journal.
The third auction of Bernie and Ruth Madoff's personal items brought in a hefty half a million dollars that will distributed to victims of Madoff's Ponzi scheme.
The Supreme Court made it easier for investors to pursue securities-fraud suits today when it ruled against Halliburton Co. and overturned a lower-court's decision.
The Supreme Court sides with Roche in a patent battle with Stanford University, reports CNBC's Hampton Pearson.
Former International Monetary Fund leader Dominique Strauss-Kahn has pleaded not guilty to trying to rape a maid at a New York City hotel.
the New York Times reports.
An alleged contract and emails that a New York man says entitle him to a huge stake in Facebook are forgeries, the online social network's founder Mark Zuckerberg said.
The US government needs to focus on small business lending rather than Wall Street, the author of a new book about Goldman Sachs told CNBC Thursday.
Oracle CEO and Founder Larry Ellison has settled his longstanding lawsuit…over trees.
They say imitation is the sincerest form of flattery, but independent artist Stevie Koerner, who quit her job to be a full time jeweler, is not flattered at all. The Chicago artist took to the Web to express her displeasure with the fact that retailer Urban Outfitters had copied her line of necklaces.
After 33 years of marriage, Steven Simkin and Laura Blank divorced in 2006. They agreed to split their considerable wealth equally. More than two years later, Ms. Blank received a voicemail message that stunned her: Mr. Simkin wanted to revise their settlement. She refused, and he sued, the New York Times reports.
If in doubt, blame speculators. That has been the popular political mantra in recent years whenever commodity and energy prices have soared. And events have now poured more fuel on the fire., according to the FT.
In an era where divorce tourism is becoming increasingly common, with the globe-trotting super-wealthy trying to split up wherever will give them the best deal, London has the potential to become the divorce capital of the world.
Greece must avoid debt restructuring and implement the austerity measures it has promised to introduce in order to shrink its budget deficit, French Finance Minister Christine Lagarde told CNBC on Monday.
The IMF said Friday it had put out incorrect information a day earlier about the pension benefits it will pay former managing director Dominique Strauss Kahn.