NEW YORK, July 23- A hedge fund with over $400 million in Puerto Rico bonds has joined a legal challenge against a law that allows the U.S. New York- based BlueMountain Capital Management filed a lawsuit in the district court of Puerto Rico on Tuesday, claiming that the new law, known as the Recovery Act, runs counter to both the Puerto Rican and U.S. constitutions.» Read More
Google's acquisition of DoubleClick wasn't much of a surprise since blogs and news coverage over the past few weeks have indicated that the company was in play and had several suitors, including Microsoft, Google, Yahoo and various others.But the big surprise happened over the weekend when we found out that Microsoft was building a coalition of companies to come out against the deal, and that the anti-trust poster-company was now playing the part of victim. Needless to say, this pot-calling-the-kettle-black legal strategy is raising some eyebrows.
Britain's Tate & Lyle said on Tuesday it had filed a case in the United States against three Chinese firms alleging infringement of its patents covering the manufacture of zero-calorie sweetener sucralose.
Virgin Media will argue rival BSkyB has abused a dominant position when their cable versus satellite row over Sky channels reaches court but competition lawyers believe it will be difficult to prove.
RadioShack was sued on Monday by the Texas Attorney General's office, which charged that the electronics retailer exposed consumers to potential identity theft by dumping data such as addresses and credit-card numbers in a trash bin behind one of its stores.
The European Commission confirmed Tuesday it had opened an antitrust probe into the way Apple's iTunes sells music online in coordination with major music companies.
The European Commission said Wednesday it was taking Spain to the EU's Court of Justice over the "unlawful" conditions Madrid put on E.On's multibillion euro bid to buy Spain's biggest electricity company, Endesa.
The U.S. House of Representatives on Friday voted to impose a Sept. 1, 2008, deadline for withdrawing all American combat troops from Iraq, prompting a quick veto promise from President George W. Bush.
New Jersey is the latest state where some legislators would like to ban text messaging while driving, sending a message to BlackBerry addicts who may have found a way to stay productive while sidelined by a traffic jam.
The chief executive of oil company Total was held for a second day of questioning Thursday in an investigation into the group's activities in Iran, while two other executives were released with no charges filed, the company said.
Former dot-com mogul Takafumi Horie was found guilty of securities laws violations and sentenced to two-and-a-half years in prison on Friday, in a case that has come to symbolize the challenges Japan faces in policing rising startups.
Two former managers of German industrial group Siemens denied charges of breach of trust and bribery but acknowledged making payments to employees of Italy's Enel to secure gas-turbines contracts.
Sen. Charles Grassley filed the legislation as an amendment to a Homeland Security bill now being debated by the Senate.
If content is king, there's bitter dissention brewing in the online kingdom, with Microsoft launching later this morning a new front in its assault against Google. Microsoft's associate general counsel Thomas Rubin will deliver a blistering attack on Google to the American Association of Publishers at a meeting in New York City later this morning....
The European Commission turned up the pressure on Microsoft on Thursday, warning the U.S. software giant of new fines and accusing it of serial defiance of an antitrust ruling made nearly three years ago.
Germany's Cabinet on Wednesday approved a plan to ban smoking on public transport and in federal buildings, but left open the possibility of special rooms being set aside for smokers.
Microsoft on Thursday lost the first of six patent lawsuits brought by Paris-based telecom equipment maker Alcatel-Lucent, and a federal district court jury set damages at $1.5 billion.
The Supreme Court is ready to hear from lawyers from Microsoft and AT&T as it considers a long-running patent dispute between the industry giants.
The fate of a higher federal minimum wage for the lowest paid workers no longer depends on whether small businesses will get tax breaks. The pending question is the size of the breaks.
Sports Illustrated chooses Beyoncé to grace the cover of its swimsuit issue. Major League Baseball deals with another fight over a World Series last-out ball. Vegas bookie picks English springer spaniel to win best in show.
Google lost a copyright lawsuit Tuesday to Belgian newspapers that had demanded it remove headlines and links to news stories posted without their permission. The ruling, if confirmed, could set a precedent for how Web search engines link to copyrighted material in the tumultuous arena of online news.