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  • RALEIGH, N.C.— A coalition of environmental groups is supporting Duke Energy's effort to dismiss part of long-running lawsuit over pollution leaking from the company's coal ash dumps. "It is good news that Duke Energy has now publicly committed to do the right thing at half of its coal plant sites in North Carolina. The seven plants that would be cleaned up under...

  • The resignation of nine Toshiba executives, including the CEO, for doctoring books places the company beside the growing rogues' gallery of corporate desperados. The Houston company set a new standard for creative accounting practices. Tyco's CEO Dennis Kozlowski became the singular image of excess on Wall Street, throwing a $2 million birthday party for his...

  • UPDATE 4-Toshiba CEO quits over accounting scandal Tuesday, 21 Jul 2015 | 7:41 AM ET

    *Toshiba shares rise 6 pct in relief rally. TOKYO, July 21- Toshiba Corp's chief executive Hisao Tanaka and a string of other senior officials resigned on Tuesday for their roles in the country's biggest accounting scandal in years. Muromachi is considered a safe pair of hands to lead Toshiba through its current turmoil before handing the reins to a successor.

  • NEW YORK, July 20- MF Global Holdings Ltd commodities customers may pursue their lawsuit seeking hundreds of millions of dollars from former chief executive Jon Corzine and other officials over the brokerage's bankruptcy as a class action, a federal judge said on Monday. District Judge Victor Marrero in Manhattan said it was desirable to let the roughly...

  • HARTFORD, Conn.— A federal appeals court ruled Friday that Connecticut was justified in imposing certain regulations on teeth-whitening businesses, the latest turn in a four-year battle over the state's dental health rules. The 2nd U.S. Circuit Court of Appeals in New York said a number of reasons exist for rules governing teeth-whitening, particularly the...

  • JUNEAU, Alaska— Alaska's highest court ruled Friday that an initiative seeking to restrict large-scale mining in the Bristol Bay region seriously impedes a regulatory process set out in state law and is unenforceable. The Alaska Supreme Court affirmed a lower-court ruling in litigation over the initiative passed by Lake and Peninsula Borough voters in...

  • NEW YORK, July 16- The Federal Housing Finance Agency disclosed on Thursday that it paid two law firms over $373 million since 2010 to pursue litigation against several banks over mortgage-backed securities sold to Fannie Mae and Freddie Mac before the financial crisis. Stefanie Johnson, an FHFA spokeswoman, said its hiring of private law firms "has been a...

  • NEW YORK, July 16- The Supreme Court was definitive in its decision to legalize gay marriage nationwide, but what is far from clear is whether U.S. companies must offer corporate benefits to same-sex spouses. In a Reuters survey of 60 large U.S. employers, nearly half said they were already providing benefits to same-sex spouses before the Supreme Court ruling...

  • NEW YORK, July 13- Former top executives at defunct law firm Dewey& LeBoeuf, including chairman Steven Davis, conspired to falsify income statements in an attempt to forestall its collapse in 2012, the firm's former finance director testified Monday in New York. Francis Canellas, expected to be the key prosecutorial witness at the criminal trial of Davis,...

  • NEW YORK, July 10- A U.S. judge has rejected Brazilian state-run oil producer Petrobras' effort to dismiss a lawsuit claiming that years of corruption, including bribery, caused more than $98 billion of its stock and bonds to be overvalued. Shareholders led by England's Universities Superannuation Scheme Ltd alleged that Petrobras, whose formal name is...

  • NEW YORK, July 9- A former associate of Bernard Madoff avoided prison on Thursday for his role in perpetuating the fraudster's massive Ponzi scheme because of his extensive cooperation with prosecutors. Paul Konigsberg, 79, a lawyer and accounting firm executive, pleaded guilty in June 2014 to charges of conspiracy and falsifying books and records.

  • FACTBOX-Contenders to be Barclays chief executive Thursday, 9 Jul 2015 | 8:48 AM ET

    Morzaria was born in Uganda and moved to Britain in 1971. The British citizen, who graduated in computer science and accounting from Manchester University, is a qualified chartered accountant. He has also worked at Credit Suisse and SG Warburg. Colm Kelleher, Morgan Stanley president of institutional sales: 3/ 1.

  • *Toshiba set for profit writedowns, may seek credit line- sources. TOKYO, July 9- An independent investigation of Toshiba Corp's accounting irregularities is looking at the role played by top officials, people familiar with the matter said, a move that could force a management overhaul at the Japanese conglomerate. Toshiba has been unable to close its books for...

  • TOKYO, July 9- An independent investigation of Toshiba Corp's accounting irregularities is looking at the role played by top officials, people familiar with the matter said, a move that could force a management overhaul at the Japanese conglomerate. As the probe has widened from looking into accounting errors at Toshiba's infrastructure business to...

  • Canadian law firm Gowlings, Britain's WLG to merge Wednesday, 8 Jul 2015 | 8:42 AM ET

    TORONTO, July 8- Canadian law firm Gowlings has agreed to merge with Britain's Wragge Lawrence Graham& Co LLP in a deal that could lead to further international expansion, the two firms said on Wednesday. It will have more than 1,400 lawyers in Canada, the United Kingdom, Europe, Asia and the Middle East. Both operate in the United Kingdom, Russia and China, but Gowlings...

  • WASHINGTON, July 6- Former U.S. Attorney General Eric Holder will return as a partner at the law firm he had left to become the nation's top law enforcement official, his new employer said in a statement. Holder, who led the Justice Department from 2009 to 2015 and was one of President Barack Obama's longest-serving cabinet members, will return to Covington& Burling,...

  • NEW YORK, July 1- A U.S. judge has refused to dismiss Allied Irish Banks Plc's lawsuit accusing Citigroup Inc of helping rogue currency trader John Rusnak rack up a $691 million loss. District Judge Deborah Batts in Manhattan said government-controlled AIB may pursue a variety of fraud claims against Citigroup in its lawsuit seeking $500 million of...

  • *Accounting changes to increase 2014 loss to 1.745 bln riyals. DUBAI, June 28- Saudi Arabia's Etihad Etisalat will book further losses for 2014 after a regulator-led investigation into accounting errors at the company, it said in a statement on Sunday. The Capital Market Authority launched an investigation into the firm last November after Mobily, 28 percent...

  • CHICAGO, June 25- U.S. regulators will likely allow CME Group Inc to close most of its open outcry futures pits as planned next month, despite last-minute calls from a handful of traders and brokers for an extended review, industry lawyers said on Thursday. "This controversy is best addressed during an open comment period in which all interested parties can...

  • CHICAGO, June 24- CME Group Inc's plan to close most of its futures pits next month is facing its first organized opposition from a small group of Chicago traders and brokers who have hired a law firm to push regulators to give more time for review. Lawyers from Katten Muchin Rosenman sent a letter to the Commodity Futures Trading Commission on behalf of the group,...