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.
NASCAR filed a $100 million counter claim against AT&T on Sunday, accusing the wireless provider of interfering with its exclusive sponsorship agreement with rival wireless company Nextel.
The immigration bill will be brought back to the floor next week. Mark Krikorian, executive director from the Center for Immigration Studies and Jared Bernstein, CNBC’s Contributor and Senior Economist at the Economic Policy Institute shared their insights on the legislation on “Morning Call.”
Cadbury Schweppes, the world's largest confectionery group, pleaded guilty on Friday to charges of selling unsafe chocolate in Britain and Ireland during 2006 and faces an unlimited fine.
Taking punitive action against China's currency policy may happen in "stages." Four senators introduced legislation to move China toward a market-determined exchange rate in a gradual, four-phase program. ... This is a step in the right direction, because "we want to continue to have dialogue with China," U.S. Chamber of Commerce Vice President for East Asia Myron Brilliant told "Power Lunch" viewers.
With refiners failing to operate at maximum capacity, Sen. Ron Wyden (D-Ore.) proposed a bill to take away government subsidies from oil companies if they do not increase refiner capacity."If you really want to help consumers who are getting clobbered at the pump, you've got to expand refinery capacity," Wyden said on "Morning Call."
Twelve minutes seems like an eternity in television land, but when you report an in-depth piece, there is inevitably juicy tidbits that end up never seeing the light of day. That's what happened with my look at the psychology behind a hedge fund con. It's the story of a college undergrad, Hakan Yalincak, who engaged in credit card fraud, hedge fund fraud and check kiting, in a classic Wall Street swindle. And here's the kicker: the targets of the scam were hedge fund traders and managers who worked at some of the most successful...
A showdown is looming between the White House and Congress as the Senate prepares to introduce a bill that attempts to force China to loosen the reigns on its currency. Supporters of the legislation like Lloyd Wood from the American Manufacturing Trade Action Coalition say it’s about time for a crackdown, while critics like Daniel Ikenson from the CATO Center for Trade Policy Studies say legislation like this will only lead to an economic and diplomatic rift between the two world superpowers. The two analysts discussed their insights on “Power Lunch.”
Bank of America has accused a Dutch court of unlawful action by blocking its $21 billion purchase of ABN Amro's U.S. unit LaSalle Bank in an appeal filing, the Financial Times reported on Friday.
Imagine this. You live in the Orlando area and you’ve been thinking about buying tickets for some time. Late last week, you hear that University of Florida coach Billy Donovan is coming to coach the team. So you plunk down $3,600 for two seats for two seats behind the basket. Then, Donovan reverses course. What do you do? You might ask for a refund. The question is, would you get it? You might immediately say “Yes.”
Brocade Communications Systems agreed to pay a $7 million penalty to settle allegations it improperly issued stock-option grants, the Wall Street Journal reported on its Web site on Thursday.
After a recent Supreme Court ruling, this company could be in the clear. That's one more reason to own the stock.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
The company built by the world's richest man takes on the world's largest democracy, and it's a case of cyber culture clash. India-based itVAR News (an IT website) says Microsoft is billing computer retailers in the town of Gujarat thousands of dollars, accusing them of installing pirated Windows software.The retailers have responded with a strike, a boycott and general outrage, though no one appears to be denying the accusations. One Indian retailer put it this way, "Since we are not charging anything extra for installing the software, it means that we are actually not trading in pirated software. For us, this is just a 'sewa' (selfless act) that we are offering to our customers. Besides, the pricing of their operating systems is way too high for Indian markets."
In a speech today at the Federal Reserve Bank of Chicago, Fed Chairman Ben Bernanke detailed the many ways in which financial regulators, including the Federal Reserve and Congress, could act in order to prevent a recurrence of the subprime mortgage crises. Okay, not many ways -- four ways.
I was opening up my packs of Donruss' Score Select and I pulled this card. I was excited about who the player was, but I was really angry when I looked at this signature.I guess about 10 years ago, card companies started inserting signature cards in packs, but I have to tell you over the past couple years, the signatures have gotten worse and worse. I don't blame the card companies. They send these athletes a sheet of stickers to sign and in the end, the athletes just get lazy.