GO
Loading...

Legislation

More

  • Anti-Tobacco Attorney Slapped with 5 Years in Prison Friday, 27 Jun 2008 | 5:15 PM ET

    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.

  • Lawmakers Say "Curb Immediately" To Speculators Thursday, 26 Jun 2008 | 6:40 PM ET

    House lawmakers on Thursday approved legislation to "curb immediately" the role of excessive speculation in energy futures markets...

  • Air France, Others Settle US Price-Fixing Charges Thursday, 26 Jun 2008 | 1:12 PM ET

    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 Settles Lawsuit With American Express Wednesday, 25 Jun 2008 | 10:54 AM ET
    MasterCard

    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.

  • Merck's Gardasil Vaccine Not Approved for Expansion Wednesday, 25 Jun 2008 | 10:00 AM ET

    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.

  • NY Top Court Backs Dropped Claims in Grasso Pay Case Wednesday, 25 Jun 2008 | 9:59 AM ET

    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.

  • What’s Obscene? Google Could Have an Answer Tuesday, 24 Jun 2008 | 1:31 PM ET
    Fingers typing on a keyboard, close-up.

    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.

  • Start-Up Sues Google Over E-Mail Switching Tool Tuesday, 24 Jun 2008 | 6:45 AM ET
    Google Headquarters

    Google was named Monday in a trade secrets lawsuit alleging that the company's business software unit copied a tiny start-up's tool for moving customers off of Microsoft software onto Google's.

  • Related Links: Government Friday, 20 Jun 2008 | 3:57 PM ET

    The US Government has been trying to find ways to reduce the country's dependence on imported oil in a number of ways.

  • Bear Stearns Managers Indicted Over Funds' Collapse Thursday, 19 Jun 2008 | 11:44 AM ET

    Two former Bear Stearns managers have surrendered to face criminal charges linked to the collapse of a hedge fund that bet heavily into subprime mortgages before the market collapsed, federal authorities said.

  • Bear Stearns Fund Managers Likely to be Indicted Thursday, 19 Jun 2008 | 5:55 AM ET

    The indictment of two Bear Stearns hedge fund managers for securities fraud is expected to be announced later on Thursday in connection with a fund tied to the subprime lending market, CNBC has learned.

  • Morgan Stanley Hit by Suspected Rogue Trader: FT Thursday, 19 Jun 2008 | 4:20 AM ET

    Morgan Stanley will take a $120 million revenue hit after a suspected rogue trader incorrectly valued his positions in the credit derivatives market, the Financial Times reported on Thursday.

  • Bush Wants Drilling Ban Lifted Wednesday, 18 Jun 2008 | 10:52 AM ET

    President Bush urged Congress to end a ban on offshore oil drilling, seeking to address rising consumer angst over gasoline prices.

  • Former EADS No. 2 in Insider Trading Probe Wednesday, 18 Jun 2008 | 5:28 AM ET

    The former number two at EADS, ex-strategy chief Jean-Paul Gut, has been placed under formal investigation in a French probe into suspected insider trading at the Airbus parent company, a judicial source said on Wednesday.

  • EU Stumbles on Buying Microsoft Alternatives Tuesday, 17 Jun 2008 | 6:51 AM ET
    Microsoft

    The European Commission, a thorn in Microsoft's side for its antitrust campaigns against the software giant, is falling short in its own internal attempt to promote more competition in the technology sector.

  • Tobias Case Settled Friday, 13 Jun 2008 | 8:57 PM ET
    Seth Tobias - Hedge Fund Manager

    CNBC has learned the estate case of hedge fund manager Seth Tobias has been settled, pending the approval of a Florida probate judge on Monday. Tobias, the founder of the Circle T Family of Funds and a frequent CNBC guest, was found dead in his swimming pool in the early morning hours of September 4. He was 44 years old.

  • UK Regulator Takes Aim at Short Sellers Friday, 13 Jun 2008 | 3:51 AM ET

    Britain's financial watchdog said investors with significant short positions in companies issuing rights will have to disclose those positions, as it unveiled a review of the efficiency of the capital-raising process.

  • CSX Holders Violated Securities Laws, US Judge Says Wednesday, 11 Jun 2008 | 4:55 PM ET
    CSX Railroad

    A federal judge ruled on Wednesday that two investment firms waging a proxy battle at railroad CSX violated securities law in acquiring large stakes in the rail company, but allowed them to continue their fight at the annual shareholder meeting.

  • US Top Court to Hear Philip Morris Damages Appeal Monday, 9 Jun 2008 | 11:35 AM ET
    Altria's company offices in New York.

    The U.S. Supreme Court said Monday that it would hear a Philip Morris USA appeal seeking to overturn a $79.5 million punitive damages award won by the widow of a longtime Oregon smoker.

  • Corrupt officials are raking off a sum equivalent to one third of Russia's annual budget, or $120 billion, a senior prosecutor was quoted as saying on Friday.