BRUSSELS— The European Union's incoming economy chief, Pierre Moscovici, vowed Thursday to be an impartial and tough enforcer of the bloc's deficit rules even though he failed to implement them as French finance minister. France has missed several deadlines to bring its budget deficit under the EU limit of 3 percent of gross domestic product and to trim its...» Read More
San Diego City Attorney Michael Aguirre said Wednesday he filed a lawsuit against Bank of America Corp and its Countrywide unit to prevent the mortgage lenders from foreclosing on homes in his city, which he aims to make a "foreclosure sanctuary."
New York attorney general Andrew Cuomo is preparing to file civil securities-fraud charges against UBS, possibly as early as this week, the Wall Street Journal said on Wednesday.
A jury decided Thursday that Barbie and the Bratz dolls are relatives, handing a major victory to Mattel in its copyright infringement lawsuit against rival MGA Entertainment.
A grand jury subpoena sent by prosecutors in the Bronx earlier this year sought information to help identify people blogging anonymously on a Web site about New York politics called Room 8. The subpoena carried a warning in capital letters that disclosing its very existence “could impede the investigation being conducted and thereby interfere with law enforcement” — implying that if the bloggers blabbed, they could be prosecuted.
U.S. securities regulators are boosting efforts to stop the spread of false rumors that threaten financial institutions, after a week that saw steep slides in the shares of Fannie Mae, Freddie Mac and Lehman Brothers.
Cramer last week offered up his prediction of potential winners from the new Medicare bill -- the one that passed in the Senate yesterday. (President Bush has said he'll veto -- but it already passed by a veto-proof margin.) The good news is that Fresenius Med (FMS), Cramer's fave of the bill, got bumped to a 52-week high today with three points. But what about the losers of the Medicare bill -- the new offenders headed for the Sell Block?
I'll be at the Town Hall Los Angeles meeting today where Bank of America CEO Ken Lewis will be speaking on "Mending Our Mortgage Markets." However, it sounds like between the Fed, Congress, and the Great State of California, the mending is being done without BofA.
As employers hand out electronic devices to their employees at a greater pace, there are growing concerns that workers eligible for overtime pay, known as non-exempt employees, could begin suing their employers for overtime hours earned while tapping on their devices during after-work hours.
Anheuser-Busch sued InBev in an effort to stop its Belgian-Brazilian suitor from taking any more steps to replace the U.S. brewer's board of directors, which had rejected a $46.3 billion takeover offer from InBev.
There is an adamant little Frenchman, Jean-Claude Trichet, and his merry band of monetary lawmakers drawing the line on inflation ... how'd THEY become the bad guys? Hmmm...
The New York Supreme Court's Appellate Division Tuesday threw out a summary judgment decision that former New York Stock Exchange Chairman Richard Grasso must return a portion of his $187.5 million compensation package, and the New York attorney general's office says it will not appeal the decision.
A lawsuit filed by a Wisconsin couple against their mortgage lender could have major implications for banks should a U.S. appeals court agree that borrowers can cancel their loans en masse when their lenders violate a federal lending disclosure law.
A French court ordered eBay to pay 38.6 million euros ($61 million) to luxury goods group LVMH for allowing the sale of fake merchandise, in a ruling immediately appealed by the online auction website.
Richard "Dickie" Scruggs, who became one of the wealthiest civil lawsuit attorneys in the country by taking on tobacco, asbestos and insurance companies, was sentenced to five years in prison for conspiring to bribe a judge.
House lawmakers on Thursday approved legislation to "curb immediately" the role of excessive speculation in energy futures markets...
Air France-KLM and three other airlines agreed to pay fines totaling $504 million to settle U.S. price-fixing charges involving vast shipments of consumer goods ranging from electronics to medicines, the Justice Department said Thursday.
MasterCard, the world's second-largest credit-card network, said it will pay American Express up to $1.8 billion to settle a lawsuit that said MasterCard and Visa blocked banks from issuing cards from their rival.
U.S. regulators did not approve Merck & Co's application to expand marketing of its cervical cancer vaccine Gardasil to an older group of women within an expected review period, the drugmaker said.
The New York Court of Appeals upheld Wednesday a lower court ruling in a lawsuit involving the compensation paid to former New York Stock Exchange CEO Richard Grasso.
In a novel approach, the defense in an obscenity trial in Florida plans to use publicly accessible Google search data to try to persuade jurors that their neighbors have broader interests than they might have thought.