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Law Legislation

  • Bob Bowman

    I just interviewed MLB.com CEO Bob Bowman about their loss in the fantasy baseball case, as the Supreme Court let stand the appeals court opinion that players names when tied to statistics are not subject to copyright law.

  • Richard A.  Grasso may be able to keep the staggering $185 million award that once made him a symbol of Wall Street greed — a package awarded to him by the A-list board members at the exchange who eventually fired him, the NYT reports.

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    Plain packs a risk to UK cigarette profits-analysts British cigarette makers face a new and serious risk to their profits if the UK government rules that cigarettes should only be sold in plain packaging, undermining the power of brands, analysts said on Monday.

  • A former Credit Suisse investment banker convicted of leaking inside information about pending mergers was sentenced to 10 years in prison by a federal judge Friday.

  • John F. Marshall spent decades teaching at business schools and watching his students parlay his lessons into fortunes on Wall Street. But when he and another professor reached for some of those riches themselves, events took a startling turn, the authorities say.

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    Major life events present changes and challenges -- emotional, logistical, psychological – and, of course, financial ones.  And sometimes it is the last of that bunch that finds us unprepared and leaves us overwhelmed.  This need-to-know guide is meant to help.

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    Since financial issues are one of the leading causes of marital strife, it helps to think of the relationship as a merger and not an acquisitiion.  

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    Where there's a will, there's a way. The problem is: Not enough Americans have one and that's one life lesson you can't learn the hard way.  If you drop the ball on estate planning, Uncle Sam will do it for you.

  • Stocks closed at their highs for the day after bouncing up and down throughout the session.

  • Former EADS chief Noel Forgeard was detained in police custody for questioning on Wednesday as part of a probe into possible insider trading at the European aerospace giant, French police sources said.

  • Marijuana

    It's generally believed that the number one product from California's number one industry isn't legal. Agriculture remains the Golden State's biggest business, and some believe marijuana is worth $14 billion. No one really knows for sure.

  • The Senate Banking Committee approved legislation Tuesday that could save a half million homeowners from foreclosure and help stabilize the nation's rattled housing market.

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    The two top members of the U.S. Senate Banking Committee announced Monday that they have a deal that will create a multi-billion dollar mortgage rescue fund and a new regulator for Fannie Mae and Freddie Mac.

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    Leaders of the U.S. Senate Banking Committee said on Thursday they have agreed to the underpinnings of a housing rescue plan that will create a federal backstop for failing loans.

  • The White House said that President Bush would not veto a final bill from Congress that orders a halt to filling the Strategic Petroleum Reserve while oil prices are very high.

  • Key members of the U.S. Senate have reached a deal on a sweeping housing rescue plan that would see Fannie Mae and Freddie Mac backstop a government mortgage insurance fund, two industry sources said Thursday.

  • The judge presiding over Russia's $22.5 billion lawsuit against the Bank of New York Mellon insisted on Tuesday the case move toward a quick conclusion after more than a year of procedural delays.

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    The House is due Wednesday to begin debating a housing rescue package that could see the government buy up $15 billion of abandoned homes and help an estimated half million homeowners facing foreclosure.

  • A senior UBS employee was briefly detained by U.S. authorities in April as part of an investigation into the bank's cross-border business, the Swiss bank said on Wednesday.

  • Fed Cut and Mortgage

    Federal prosecutors in New York have formed a task force together with other government agencies to examine the collapse of the market for risky home loans, a spokesman for the U.S. Attorney's Office in Brooklyn said Monday.