Kmart pharmacists let Medicare beneficiaries use coupons for brand-name drugs rather than generics, the $1.4 M suit alleges.» Read More
WASHINGTON, July 21- U.S. Federal Communications Commission Chairman Tom Wheeler on Tuesday circulated an order to approve, with conditions, AT&T Inc's bid to buy DirecTV for $48.5 billion, according to three people familiar with the matter. The FCC reviews proposed mergers to ensure that they are in the public interest while the Justice Department ensures...
Mercantil Bank AG will pay $1.172 million, Banque Cantonale Neuchâteloise will pay $1.123 million and Nidwaldner Kantonalbank will pay $856,000, the U.S. Justice Department said on Thursday. The United States is still conducting criminal investigations of other banks exempt from the Swiss bank program, including Julius Baer and HSBC's Swiss private bank.
WASHINGTON, July 16- Three more Swiss banks will pay penalties to the United States as part of deals that mean they will not face criminal charges for helping Americans avoid taxes. Mercantil Bank AG will pay $1.172 million, Banque Cantonale Neuchâteloise will pay $1.123 million and Nidwaldner Kantonalbank will pay $856,000, the U.S. Justice Department said...
THREE MORE BANKS REACH RESOLUTIONS WITH UNITED STATES UNDER SWISS BANK PROGRAM- U.S.
Marilyn Tavenner, who was in charge of HealthCare.gov's rollout, will head health insurance lobbying, The New York Times reports.
The Justice Department says Darkode, known as a cybercrime site, has been dismantled as part of a coordinated effort across 18 countries.
China's Tsinghua Unigroup may be making a grab for the last U.S. memory chip maker, but the Chinese bidder for Micron is unlikely to gain U.S. approval.
July 8- A Las Vegas executive and two associates from Tokyo were indicted by a federal grand jury on Wednesday for running an alleged $1.5 billion Ponzi scheme that bilked thousands of Japanese victims, the U.S. Department of Justice said. The indictment charged Edwin Fujinaga, 68, who once ran MRI International Inc in Las Vegas, with eight counts of mail fraud,...
STOCKHOLM, July 2- Buying only parts of the GE Appliances business would not make sense, the head of Sweden's Electrolux said on Thursday, fighting to salvage a $3.3 billion deal after the United States moved to block it. The U.S. Justice Department filed a lawsuit on Wednesday to stop the Swedish company from buying General Electric Co's appliance unit, saying a...
A government investigation into airline collusion adds pressure to a sector that was "starting to bottom out," an analyst said.
WASHINGTON, July 1- The United States filed a lawsuit on Wednesday to stop Sweden's Electrolux AB, which owns the Frigidaire and Tappan brands, from buying General Electric Co's appliance business, the Justice Department said in a statement. "Electrolux's proposed acquisition of General Electric's appliance business would leave millions of Americans...
General Electric has responded to the Justice Department filing an antitrust lawsuit to stop the sale of the company's appliance unit, reports CNBC's Sue Herera.
WASHINGTON, July 1- The United States filed a lawsuit on Wednesday aimed at stopping Electrolux AB from buying General Electric Co's appliance business, the Justice Department said in a statement.
The Justice Department has filed an antitrust lawsuit to stop the sale of General Electric's appliance unit, reports CNBC's Sue Herera.
NEW YORK, June 30- A divided federal appeals court on Tuesday said Apple Inc orchestrated a conspiracy with five publishers to increase e-book prices, in a victory for the U.S. Justice Department. By a 2-1 vote, the 2nd U.S. Circuit Court of Appeals agreed with a lower court judge that the conspiracy violated federal antitrust law, and that the judge acted properly in...
Congressmen slammed Obama administration officials for hiring a failed hedge fund manager, but they made a big mistake.
CNBC's Hampton Pearson reports on the latest developments from the Supreme Court on the Affordable Care Act.
WASHINGTON, June 19- The United States has sued a Texas- based subsidiary of global defense company BAE Systems Plc for overcharging the U.S. Army in a contract to build 20,000 military trucks, the Department of Justice said on Friday. BAE Systems Inc, the U.S. unit of London- based BAE Systems Plc, did not immediately respond to a request for comment.
More than 240 people were charged with $712 million in false Medicare billing, the biggest health-care fraud takedown ever.
The cloud computing company, in its second report since going public, reported a narrower-than-expected quarterly loss.