LAS VEGAS— Passengers who ran from a British Airways flight that caught fire in September before takeoff in Las Vegas are suing the plane's manufacturer and the maker of the engines. London- based Stewarts Law said Friday it filed a lawsuit in Chicago against GE Aviation and Boeing Co. on behalf of 65 passengers who were bound for London and say they suffered...» Read More
Oracle CEO and Founder Larry Ellison has settled his longstanding lawsuit…over trees.
They say imitation is the sincerest form of flattery, but independent artist Stevie Koerner, who quit her job to be a full time jeweler, is not flattered at all. The Chicago artist took to the Web to express her displeasure with the fact that retailer Urban Outfitters had copied her line of necklaces.
After 33 years of marriage, Steven Simkin and Laura Blank divorced in 2006. They agreed to split their considerable wealth equally. More than two years later, Ms. Blank received a voicemail message that stunned her: Mr. Simkin wanted to revise their settlement. She refused, and he sued, the New York Times reports.
If in doubt, blame speculators. That has been the popular political mantra in recent years whenever commodity and energy prices have soared. And events have now poured more fuel on the fire., according to the FT.
In an era where divorce tourism is becoming increasingly common, with the globe-trotting super-wealthy trying to split up wherever will give them the best deal, London has the potential to become the divorce capital of the world.
Greece must avoid debt restructuring and implement the austerity measures it has promised to introduce in order to shrink its budget deficit, French Finance Minister Christine Lagarde told CNBC on Monday.
The IMF said Friday it had put out incorrect information a day earlier about the pension benefits it will pay former managing director Dominique Strauss Kahn.
No matter how his legal case turns out, CNBC has learned that Dominique Strauss-Kahn will collect at least a quarter million dollars a year from the IMF in pension payouts for the rest of his life.
Former Diamondback Capital Management portfolio manager Anthony Scolaro's securities fraud case was unsealed Tuesday by the Department of Justice, revealing that he pleaded guilty in December.
Former Enron Chief Financial Officer Andy Fastow has been transferred to a Houston halfway house as he prepares to be released from prison later this year.
Unless the charges against Dominique Strauss-Kahn are dropped or proven untrue soon, the IMF may have no choice but to act to find a successor. And then the merry go round begins, writes CNBC anchor Ross Westgate.
Madoff prosecutors have filed a letter with the judge overseeing the case requesting Frank Dipascali's sentencing be delayed again due to his "active and ongoing cooperation" in the overall criminal investigation.
RAB the hedge fund that was the toast of London’s financial community in the boom, is poised to delist from the UK’s junior market amid a crippling wave of redemption requests from investors, reported the FT.
Hedge fund billionaire Raj Rajaratnam was convicted on all counts of insider trading today, with CNBC's Bertha Coombs; Tom Curran, Peckar & Abramson; and Joseph DiGenova, diGenova & Toensing.
The landmark guilty verdict against Raj Rajaratnam on 14 counts of insider trading sent a chill down Wall Street, causing hedge funds to rethink their use of so-called expert analyst networks and also ponder the impact of the historic decision on the implementation of the Dodd-Frank regulatory bill.
The "Mad Money" host explains how the Raj Rajaratnam case helped put an end to most insider trading on Wall Street.
Reaction to the guilty verdict at the Rajaratnam trial and today's market movers, with CNBC's Sharon Epperson and the Fast Money Traders.
Discussing the impact of the Rajaratnam guilty verdict on the hedge fund community and future investment strategies, with hedge fund investor, Jamie Dinan, York Capital chairman/CEO.
Insight on today's guilty verdict at the Raj Rajaratnam trial and its impact on the hedge fund industry, with Jonathan Urfrig, U Capital Group managing partner. Also, CNBC's Kate Kelly with an update on AIG's smaller than expected Re-IPO.
The long awaited trial of accused Ponzi schemer Allen Stanford has been set for September 12, according to a new scheduling order issued Tuesday by U.S. District Judge David Hittner in Houston.