DES MOINES, Iowa— Pamela and Tom Sellner describe the small zoo they opened in northeastern Iowa nearly 15 years ago as a labor of love that evolved from their respect for animals. But the Animal Legal Defense Fund and several Iowa residents are suing the couple, saying their so-called roadside zoo has been mistreating animals for years. "It would mean that the...» Read More
A day after former Brocade CEO Gregory Reyes was found guilty on all 10 securities fraud charges brought against him, dozens of Silicon Valley executives--and hundreds of executives nationwide--faced with the same allegations, will have to re-think their defense strategies. The sweeping verdict in the first-of-its-kind criminal case for the U.S. Justice Department sent a seismic ripple through this region yesterday.
Nokia, the world's top cell phone maker, said on Wednesday it would defend itself and its products against complaints Interdigital has filed in courts in the United States.
One rumor on the floor that Beazer might be in trouble and -- boom -- the whole sector drops like a brick. I run around calling all the analysts I know, and one by one they say it's all unfounded -- yeah, Beazer has some issues with litigation and its lending practices, and there's that SEC investigation that was announced as "formal" last week, but overall they're in no worse position than any of the other beleaguered home builders. Their stock may be, but the company isn't.
One of the most respected investors in the world of bonds is going on record supporting higher taxes for the nation's super-wealthy, echoing Warren Buffett's controversial call to 'Tax the Rich.' In his most recent market letter, Pimco's Bill Gross comes out strongly in favor of raising taxes on the super-rich to "rectify today’s imbalances."
A Senate panel is nearing a vote on a proposal to put tobacco under Food and Drug Administration regulation despite objections that such a move would only entrench the market position of the nation's No. 1 tobacco company.
The Supreme Court of California ruled Monday it is illegal to sell shoes made from kangaroo leather in the state, in a decision against defendant German sports manufacturer Adidas.
Paul McNulty, deputy attorney general at the U.S. Department of Justice, joined "Power Lunch" to address controversial issues raised after U.S. District Judge Lewis A. Kaplan dismissed charges Monday against 13 former KPMG employees. One of the issues raised during the case was whether companies paid defendants' attorney charges. This policy, McNulty said, was changed in December, and the Justice Department no longer questions who pays the fees.
New York Sen. Hillary Clinton, the front-running Democratic presidential candidate, Friday called for closing a loophole that she said unfairly lowers the tax burden of a few top Wall Street financiers.
The bill would set licensing standards for mortgage loan originators and log those lenders in a national registry, the lawmaker said in a statement.
French legislators approved a measure championed by President Nicolas Sarkozy that would encourage people to work beyond the 35-hour work week by cutting taxes on overtime pay.
Schneider Electric won compensation from the EU on Wednesday for its refusal to let the company buy Legrand SA in 2001, the first time a court has ordered regulators to reimburse a business for losses due to a takeover ban that was later overturned.
Ryanair Holdings, the discount airline prevented from buying rival Aer Lingus, said Tuesday it will take to court EU competition authorities over their alleged failure to enforce competition rules fairly.
EU regulators fined Spain's Telefonica 151 million euros ($205 million) on Wednesday, claiming the company unfairly squeezed rivals by setting wholesale Internet prices too high to allow them turn a profit.
Police in London's bustling nightclub and theater district on Friday defused a bomb that could have killed hundreds, after an ambulance crew spotted smoke coming from a Mercedes filled with a lethal mix of gasoline, propane and nails, authorities said.
Here's the quick and dirty on what yesterday's ruling by the U.S. Supreme Court on Leegin v. PSKS means for retail: The case of Leegin v. PSKS came to the docket of the Supreme Court after a dispute over the sale prices of designer handbags. Brighton/Leegin of City of Industry, Calif. Brighton/Leegin required a Lewisville, Texas, boutique, Kay's Kloset, to agree in writing not to sell its products below a certain price.
Police cordoned off part of central London after they defused what they called a "potentially viable explosive device" found in a car.
The Supreme Court overturned Thursday a nearly 100-year-old precedent that some price-setting agreements between manufacturers and retailers are automatically illegal under federal antitrust law.
President Bush suffered a major defeat on his plan to overhaul U.S. immigration laws Thursday when the Senate refused to close debate and advance the legislation.
Okay, let's say you're a shareholder in a company, and that company's just gotten a takeover bid from a private equity firm. That offer represented a 13.6% premium to the stock's closing price yesterday. You may think to yourself: I've got myself a nice little profit here. But wouldn't a 19.3% profit be that much nicer? No, I didn't pull those figures out from my fedora. That's the difference, according to Dealogic, between the average premiums in management-led buyouts versus non-management deals. And these days, shareholders are outraged by it, and bringing that rage to the courtroom.
Prime Minister Tony Blair said Wednesday that there are legitimate concerns about the level of tax paid by private equity companies and their executives, which the government is studying.