An appeals court that POM Wonderful cannot advertise that its juices treat or prevent heart disease unless it can prove that the assertions are true.» Read More
The two stories related to mortgages do not have a great deal in common, other than tracing their lineage to the home loans of dubious provenance that were doled out to anyone with a pulse between 2005-07 and quickly packaged up into securities and sold by Wall Street to accounts around the planet.
Newly unsealed court documents — including Goldman e-mail and internal reports — portray a firm that at times seemed to turn a blind eye to its own internal concerns about Bayou as it raked in fees from the hedge fund. The NYT reports.
Disgraced fund manager Art Nadel was sentenced Thursday to 14 years in prison after pleading guilty to defrauding investors of over $160 million.
The manufacturer of the world’s most popular hunting rifle has been wrestling for decades with questions about whether the gun is safe, and at least twice considered a nationwide recall of the gun, according corporate insiders and internal documents revealed in a ten-month CNBC investigation.
Internal company documents show that at least twice, the Remington Arms Company considered a nationwide recall of its popular 700 series rifles, but decided against it despite thousands of complaints and dozens of lawsuits over inadvertent discharges.
At the heart of the decades-long controversy over the Remington 700 series is a piece of metal that is roughly the length of a paper clip.
Was the great securitization machine that made hundreds of billions of dollars in mortgage loans based on a legal foundation of sand? The NYT asks.
The two men worked out how the computerized system would react to certain trading patterns – allowing them to influence the price of low-volume stocks. The FT reports.
Citigroup was accused in a lawsuit Wednesday of using companywide layoffs during the recent financial turmoil to purge its work force of scores of female employees to save the jobs of less-qualified men.
Just days after being awarded a coveted fourth star by The New York Times, the Mario Batali-helmed restaurant Del Posto is contending with a lawsuit filed by 27 workers who say they weren't paid a legal wage.
Back East, at the corner of Broad and Wall Streets, the view is swell. The Dow is soaring, and bankers look pleased. But here on East Broad Street, in Ohio, the mood is gloomier. The NYT reports.
In recent years, some 20,000 people have turned to American Tax Relief after seeing the company’s advertisements on television where actors portraying clients say the company reduced their back taxes , reports the New York Times.
In what may be the most hilarious spoof of America's obsession with victimization and litigation, Foo Fighters front man Dave Grohl is "suing" glam rock band Scissor Sisters for $75 million.
Microsoft is suing Motorola for infringing on its smart-phone patents.
Men have finally wised up to the need for a prenuptial agreement, but after the recession, women are increasingly learning the joys of being protected — you know, just in case.
A new breed of apple has been a hit with consumers lucky enough to find it. Cindy and Frank Femling, however, are among the growers who fear it could put them out of business.
Richard X. Bove is a bank analyst who likes to take what he calls “extreme positions.” He occasionally moves the stock market, which has earned him a certain amount of prestige and notoriety — but has also gotten him fired several times. The New York Times reports
U.S. investigators are widening their probe of alleged kickbacks paid to Russian authorities by employees of a Hewlett-Packard subsidiary in Germany.
A top federal prosecutor in New York will on Thursday declare another front in the war on Wall Street fraud, focusing new resources on civil litigation to complement existing criminal actions.
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