Nov 24- A U.S. judge held Bank of China Ltd in contempt on Tuesday for refusing to turn over account information of Chinese entities accused of selling counterfeit luxury goods. Bank of China itself is not a defendant in that lawsuit. Bank of China's attorney, Laura Hall, said at Tuesday's hearing that the bank had no choice but to refuse to turn over the records and be...» Read More
Back East, at the corner of Broad and Wall Streets, the view is swell. The Dow is soaring, and bankers look pleased. But here on East Broad Street, in Ohio, the mood is gloomier. The NYT reports.
In recent years, some 20,000 people have turned to American Tax Relief after seeing the company’s advertisements on television where actors portraying clients say the company reduced their back taxes , reports the New York Times.
In what may be the most hilarious spoof of America's obsession with victimization and litigation, Foo Fighters front man Dave Grohl is "suing" glam rock band Scissor Sisters for $75 million.
Microsoft is suing Motorola for infringing on its smart-phone patents.
Men have finally wised up to the need for a prenuptial agreement, but after the recession, women are increasingly learning the joys of being protected — you know, just in case.
A new breed of apple has been a hit with consumers lucky enough to find it. Cindy and Frank Femling, however, are among the growers who fear it could put them out of business.
Richard X. Bove is a bank analyst who likes to take what he calls “extreme positions.” He occasionally moves the stock market, which has earned him a certain amount of prestige and notoriety — but has also gotten him fired several times. The New York Times reports
U.S. investigators are widening their probe of alleged kickbacks paid to Russian authorities by employees of a Hewlett-Packard subsidiary in Germany.
A top federal prosecutor in New York will on Thursday declare another front in the war on Wall Street fraud, focusing new resources on civil litigation to complement existing criminal actions.
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Flaws in flight simulator training helped trigger some of the worst airline accidents in the past decade, according to a USA TODAY analysis of federal accident records.
Seven-time Cy Young award winner Roger Clemens arrived at the courthouse nearly four hours early for a hearing to face charges of lying to Congress about whether he used steroids or human growth hormone.
Federal investigators are hearing testimony from BP executives in a joint probe into the cause of the explosion that led to the massive oil spill in the Gulf of Mexico.
Federal authorities have decided to indict Roger Clemens on charges of making false statements to Congress about his use of performance-enhancing drugs, reports the New York Times
Billionaire Donald Bren, who has spent a lifetime protecting his privacy, is breaking the pattern by showing up in a Los Angeles courtroom to air details of his private life in a legal battle with his two grown children from a long-ago love affair who are seeking millions.
Struggling to reduce traffic jams and a high crime rate, Maastricht is pushing to make its legalized use of recreational drugs a Dutch-only policy, banning sales to foreigners who cross the border to indulge.
In a statement, Morgan Stanley noted that it sold the product to Bloxham, the Irish brokerage firm that represented the nuns and others. “Questions about the suitability of these notes for Bloxham’s clients is a matter for Bloxham,” Morgan stated. “We believe this entire claim is misplaced.”
The US Department of Justice is scrutinizing payments by leading pharmaceuticals companies in markets around the world. The FT reports.
Dell has been accused of withholding evidence, including e-mails among its top executives, in a lawsuit over faulty computers it sold to businesses, according to a filing made Thursday. The NYT reports.
A group of nuns from Ireland are suing Morgan Stanley, alleging improper actions by the investment bank that led them to lose at least 5 million euros ($6.4 million), about 80 percent of their total investment, a filing by Stuarts Law showed.