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  • FRANKFURT, April 28- Deutsche Bank posted a surprise net profit in the first quarter that was helped by lower litigation costs, but Chief Executive John Cryan warned investors not to expect good results for the full year. Quarterly net income fell 58 percent to 236 million euros after its investment bank slumped in volatile markets and following its exit from...

  • Magistrate Judge Nathanael Cousins in San Jose, California said PETA failed to show that Whole Foods' alleged misrepresentations on in-store signs, placards and napkins defrauded consumers into overpaying. "Retailers do not have a duty to disclose product information unless it relates to a consumer safety issue," and PETA did not raise any such issues, Cousins...

  • Magistrate Judge Nathanael Cousins in San Jose, California said PETA failed to show that Whole Foods' alleged misrepresentations on in-store signs, placards and napkins defrauded consumers into overpaying. "Retailers do not have a duty to disclose product information unless it relates to a consumer safety issue," and PETA did not raise any such issues, Cousins...

  • WASHINGTON, April 27- Pfizer Inc has agreed to pay $784.6 million to resolve allegations that Wyeth, which it acquired in 2009, underpaid drug rebates to Medicaid, the federal health insurance program, the Justice Department said Wednesday. The settlement resolves claims by the U.S. and states that Wyeth knowingly reported false and fraudulent prices on two of...

  • Getty says Google promotes piracy

    The photo agency plans to file a complaint in Brussels, claiming the search engine unfairly undermines its business.

  • April 25- Patriarch Partners, the private equity firm of flamboyant investor Lynn Tilton, is being sued for allegedly refusing to provide financial records to the new manager of the Zohar funds that she controlled until earlier this year. Filed in Delaware's Court of Chancery on Friday, the lawsuit is the latest in a series of legal challenges for Patriarch...

  • HARTFORD, Conn.— Cigarette manufacturers aren't immune to lawsuits by smokers who get sick, the state's highest court ruled Monday in a decision that bolsters the case of a smoker who was stricken with laryngeal cancer and won a $28 million judgment against R.J. Reynolds Tobacco Co.. The Connecticut Supreme Court was asked to decide the issue by the 2nd U.S....

  • Holmes controls the future of Theranos

    The 32-year-old CEO owns a majority interest in the company, controlling what happens next.

  • April 22- Former Sprint Corp chief executive William Esrey and former chief operating officer Ronald LeMay sued the United States government for allegedly concealing its investigation into accounting firm Ernst& Young LLP's promotion of tax shelters sold to the executives, according to a lawsuit filed on Friday. The Internal Revenue Service in 2002...

  • Uber's big settlement

    Andrew Hawkins, transportation reporter at The Verge, talks about Uber keeping drivers as independent contractors, as well as how this may affect the 'gig economy' in the future.

  • NEW YORK, April 22- Diagnostics company Alere Inc has been hit with a securities fraud lawsuit accusing it of artificially inflating its share prices ahead of the Feb. 1 announcement of its proposed $5.8 billion acquisition by Abbott Laboratories Inc.. The shareholder lawsuit, filed on Thursday in federal court in Boston, accused Alere of misleading investors...

  • NEW ORLEANS— China's Ministry of Justice has sent back a lawsuit in which thousands of U.S. homeowners say a Cabinet-level agency should pay for damage to their homes from defective drywall made in China. District Judge Eldon Fallon has ruled that Taishan Gypsum Co. Ltd. must pay for damages from the drywall it made. The other states involved in the lawsuit...

  • Uber pays $100M to settle lawsuit with drivers

    The taxi hailing app settles a class action lawsuit over driver status.

  • SAN FRANCISCO— Uber has agreed to pay up to $100 million to settle a pair of major class-action lawsuits in two states that will keep its drivers independent contractors instead of employees, both sides announced Thursday night. Under the deal, Uber will pay $84 million to the plaintiffs in California and Massachusetts and another $16 million if the company...

  • Rabbi Yaakov Horowitz filed a lawsuit against the Newark, New Jersey, company on Wednesday, just days ahead of Passover. Horowitz was the chief supervising rabbi at The Manischewitz Company. He worked for the Union of Orthodox Jewish Congregations of America, which supplies inspectors to independently ensure that kosher standards are kept at food producers.

  • TORONTO, April 21- Plaintiffs leading a lawsuit against online dating website Ashley Madison over a security breach that exposed the personal data of customers must publicly identify themselves to proceed with the case, a U.S. judge has ruled. The plaintiffs are suing Ashley Madison, a website that facilitates extramarital affairs, for failing to adequately...

  • VW settlement in the works: Report

    CNBC's Phil LeBeau has the latest details on a reported deal between Volkswagen and U.S. officials on the diesel emissions scandal.

  • DETROIT, April 21- General Motors Co said on Thursday net income for the first quarter of 2016 more than doubled to $2 billion, or $1.24 a share, driven by stronger results in North America and improved performance in Europe. GM said that excluding a one-time expense for litigation settlements, net income per share for the latest quarter was $1.26, well ahead of...

  • AMSTERDAM, April 20- In a victory for Moscow, a Dutch court on Wednesday overturned an order that Russia pay $50 billion to shareholders in defunct oil company Yukos, saying that the Hague- based Permanent Court of Arbitration had no jurisdiction. In July 2014, the Permanent Court of Arbitration in The Hague ruled that the four plaintiffs- not including...

  • Kanye West, Jay Z'sTidal slapped with lawsuit

    Jay Z's streaming service and Kanye West are getting sued for deceptive marketing practices by offering exclusive access to 'The Life of Pablo.'