Pfizer said it would pull 1,400 jobs out of New London within two years and move most of them a few miles away to a campus it owns in Groton, Conn., as a cost-cutting measure. It would leave behind the city’s biggest office complex and an adjacent swath of barren land that was cleared of dozens of homes to make room for a hotel, stores and condominiums that were never built.

Supreme Court justices took up a case on Monday that could reshape the realm of what can be patented, and expressed skepticism about giving protection to abstract business innovations.

Software, biotech firms and others who develop new ways to do business will be watching closely Monday as the Supreme Court hears a case that could determine if such innovations can be patented.

When former Enron CEO Jeff Skilling appeals to the Supreme Court the 2006 conviction that sent him to prison for a 24-year sentence, his defense will argue that the "honest services" statute under which he was convicted lacks clarity, Skilling's attorney Daniel Petrocelli told CNBC Monday.

The Supreme Court will consider throwing out the convictions of former Enron Chief Executive Officer Jeff Skilling for his role in the collapse of the onetime energy giant.

The Supreme Court has refused to hear former Qwest CEO Joseph Nacchio's appeal of his insider trading conviction.

The new Supreme Court term that begins Monday will be dominated by cases concerning corporations, compensation and the financial markets that could signal the justices’ attitude toward regulatory constraints at a time of extraordinary government intervention in the economy.

The Senate Judiciary Committee has voted to approve Supreme Court nominee Sonia Sotomayor to be the first Hispanic justice.

Though Sonia Sotomayor is widely expected to win confirmation to the US Supreme Court, the business community is still wondering just what kind of justice she'll be

Supreme Court nominee Sonia Sotomayor defended herself Tuesday against charges that her speeches and rulings show racial bias, telling a Senate panel vetting her nomination that critics had misunderstood her record.

In fewer than 45 days each, General Motors and Chrysler swept through government-sponsored sales in bankruptcy court — quick tours that most people in the legal community thought impossible not long ago.

A federal appeals court ruled Wednesday against former HealthSouth Chief Executive Richard Scrushy's challenge to a $445 million settlement in 2006.

President Obama's approval rating eased by five points this spring as Americans worried  about unemployment and the federal budget deficit, according to a new NBC News/Wall Street Journal poll.

Exxon Mobil was ordered Monday to pay about $500 million in interest on punitive damages for the Exxon Valdez oil spill off Alaska, nearly doubling the payout to Alaska Natives, fishermen, business owners and others harmed by the 1989 disaster.

Historic anti-smoking legislation sped to final congressional passage on Friday— after a bitter fight lasting nearly a half-century— and lawmakers and the White House quickly declared it would save the lives of thousands of smokers of all ages.