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  • Visa quarterly profit falls 10 pct on legal provision Wednesday, 29 Oct 2014 | 4:12 PM ET

    Oct 29- Visa Inc, the world's largest credit and debit card company, reported a 10 percent fall in quarterly profit as it set aside $453 million for litigation. The company's net income fell to $1.07 billion, or $1.72 per Class A share, in the fourth quarter ended Sept. 30 from $1.19 billion, or $1.85 per Class A share, a year earlier. On an adjusted basis, the company's net...

  • McGraw Hill Financial Inc took a $60 million charge in the third quarter for a possible accord, which is unrelated to the U.S. Department of Justice's $5 billion lawsuit against S&P. The charge contributed to a 12 percent decline in McGraw Hill's profit from a year earlier. In July, McGraw Hill disclosed that it had received a "Wells notice" from the U.S. Securities...

  • McGraw Hill Financial Inc took a $60 million charge in the third quarter for a possible accord, which is unrelated to the U.S. Department of Justice's $5 billion lawsuit against S&P. The charge contributed to a 12 percent decline in McGraw Hill's profit from a year earlier. In July, McGraw Hill had disclosed that it had received a "Wells notice" from the U.S....

  • UPDATE 1-DTCC drops case in U.S. swaps regulator data row Wednesday, 29 Oct 2014 | 12:29 PM ET

    WASHINGTON, Oct 29- U.S. market operator the Depository Trust& Clearing Corporation dropped its lawsuit against the U.S. Commodity Futures Trading Commission in a dispute about access to potentially lucrative trading data, a court document showed on Wednesday. The change of heart was because the CFTC, which regulates the trading of swaps and futures, is...

  • Oct 29- Comcast Corp has reached a $50 million settlement in a decade-old lawsuit accusing it of overcharging cable television subscribers, 1-1/ 2 years after the U.S. Supreme Court threw out a larger version of the class-action case. The preliminary settlement, which requires court approval, calls for Comcast to pay $16.67 million in cash to current and former...

  • Defense: FBI posed as repairmen in sports bet ruse Wednesday, 29 Oct 2014 | 9:49 AM ET
    Seal of the FBI

    Federal agents impersonated repair techs to get inside and collect evidence in an investigation of online sports betting, according to lawyers.

  • Grocery chain sues Clorox for price discrimination Wednesday, 29 Oct 2014 | 6:47 AM ET

    MADISON, Wis.— The Woodman's grocery store chain is suing Clorox Corp., alleging price discrimination. In a lawsuit filed Tuesday in U.S. District Court in Madison, Woodman's claims Clorox will only make large packs of products available to warehouse clubs, including Costco and Sam's Club. The lawsuit alleges that Clorox told Woodman's it was changing its...

  • Judge hears NC challenge to Alcoa's rights to dams Wednesday, 29 Oct 2014 | 5:11 AM ET

    RALEIGH, N.C.— A federal judge is deciding whether he's heard enough to decide a lawsuit pitting North Carolina officials against Alcoa Inc. over the right to control the water and electricity coming from the state's second-largest river system. State attorneys said Alcoa hasn't produced any documents showing ownership of the riverbed below four dams...

  • Oct 28- A federal judge on Tuesday ordered mediation in a lawsuit over a suspected design flaw in highway guardrails made by Trinity Industries Inc, which resulted last week in a $175 million jury verdict against the company. District Judge Rodney Gilstrap in Marshall, Texas ordered Trinity and the whistleblower who brought the case to attend mediation with...

  • Judge orders mediation in guardrail lawsuit Tuesday, 28 Oct 2014 | 6:09 PM ET

    DALLAS— A federal judge has ordered mediation between a Texas company and a whistleblower who won a $175 million verdict over a design change in the company's highway guardrails. On Tuesday, U.S. District Court Judge Rodney Gilstrap ordered Trinity Industries Inc. and the whistleblower to attend mediation with Duke University law professor Francis...

  • Oct 28- A U.S. judge has dismissed former Panamanian dictator Manuel Noriega's lawsuit against Activision Blizzard Inc over his depiction in the popular videogame "Call of Duty: Black Ops II." Judge William Fahey of Los Angeles Superior Court granted Activision's special motion to strike the case, under a California statute that seeks to prevent lawsuits...

  • NEW YORK, Oct 28- The U.S. and Securities Exchange Commission on Tuesday added more than a dozen relatives of Texas businessmen Sam and Charles Wyly to a long-running securities fraud lawsuit against the brothers to bolster its efforts to collect some $300 million. The filing was expected, as the SEC and the relatives continue to dispute whether hundreds of...

  • Judge dismisses Manuel Noriega 'Call of Duty' suit Tuesday, 28 Oct 2014 | 4:29 PM ET
    Manuel Noriega speaks in 1988 during the presentation of colors to the San Miguel Arcangel de San Miguelito volunteer battalion in Panama City, Panama.

    Panamanian dictator Manuel Noriega's lawsuit against the makers of "Call of Duty" has been dismissed.

  • Judge dismisses Noriega lawsuit vs. Activision     Tuesday, 28 Oct 2014 | 3:52 PM ET

    Shares of Activision Blizzard are higher after a judge dismissed a lawsuit brought against the company by former dictator of Panama Manuel Noriega, reports CNBC's Dominic Chu.

  • Judge tosses ex-dictator's suit against Activision Tuesday, 28 Oct 2014 | 3:17 PM ET

    LOS ANGELES— Disgraced Panamanian dictator Manuel Noriega's lawsuit over his inclusion in a 2012 "Call of Duty" video game has been dismissed by a judge who determined the game's use of his likeness is protected by the First Amendment. Superior Court Judge William Fahey's ruling determined that Activision Blizzard, Inc. created a complex and multi-faceted...

  • WASHINGTON, Oct 28- The U.S. government filed a lawsuit against AT&T Inc on Tuesday, alleging the No. 2 U.S. wireless carrier sold consumers unlimited data plans but would reduce their Internet speeds once they exceeded a certain amount of data. The Federal Trade Commission said that this "throttling" of Internet feeds was deceptive and that in some cases data...

  • WASHINGTON, Oct 28- The U.S. government filed a lawsuit against AT&T Inc on Tuesday, alleging the No. 2 U.S. wireless carrier sold consumers unlimited data plans but would slow their Internet down once they used a certain amount of data. The Federal Trade Commission, which filed the lawsuit, said that this "throttling" of Internet feeds was deceptive and said that in...

  • WASHINGTON, Oct 28- The U.S. government filed a lawsuit against AT&T Inc on Tuesday, alleging that the No. 2 U.S. wireless carrier sold consumers unlimited data plans but then would slow their Internet down once they used a certain amount of data. The Federal Trade Commission, which filed the lawsuit, said that this "throttling" of Internet feeds was deceptive, and said...

  • Illinois high court justice accused of bias Tuesday, 28 Oct 2014 | 12:25 PM ET

    ST. LOUIS— An Illinois Supreme Court justice seeking retention again is embroiled in a big-money campaign, this time with a group of plaintiffs' attorneys contributing more than $1 million in hopes of ousting the Republican they accuse of being partial to corporate interests. Voters in Illinois' 37 southernmost counties will decide Nov. 4 whether Lloyd...

  • The results came on the day Honda was named as a defendant in a proposed class-action lawsuit over recalls of vehicles with air bags made by Takata Corp that have been linked to four deaths, all in Honda cars. Honda said it had not received the lawsuit and therefore could not comment. Honda has also been struck by five separate recalls for the same car- the hybrid...