In an email response to a Reuters query, EPA said Volkswagen told regulators it would deliver the software to the agency and the California Air Resources Board in an attempt to "address and correct" the illegal software algorithm that the carmarker admits to have used in its diesel vehicles to evade U.S. emission standards. "EPA and CARB will immediately begin...» Read More
Britain's top supermarkets could be forced to sell land to encourage competition but the biggest, Tesco, is not in such a strong position that it stifles rivals, the UK's Competition Commission said on Wednesday.
Two former officers at a company that supplies body armor to the U.S. Army face charges they inflated the company's stock price and made nearly $200 million in the process.
Oil major BP faces fines in excess of $300 million to settle civil and criminal probes related to market manipulation charges and a Texas refinery explosion that killed 15 workers in 2005.
A U.S. securities regulator Tuesday warned investors to be wary of scams touting huge potential profits from energy-related stocks, when the onlypeople likely to make money are those running the schemes.
Microsoft ended three years of resistance on Monday and finally agreed to comply with a landmark 2004 antitrust decision by the European Commission.
Eight U.S. lawmakers called on the Bush administration on Monday to block a proposed buyout of Massachusetts-based technology group 3Com saying a Chinese company's role in the $2.2billion transaction "threatens the national security of the United States."
U.S. regulators approved a new AIDS treatment made by Merck, the first in a new class of drugs aimed at preventing replication of the virus, Merck said on Friday.
Britain's hedge funds plan to draw up the first voluntary code of conduct of the industry to increase transparency and improve risk controls, hoping to fending off calls for increased regulation, a senior hedge fund official told CNBC Europe.
A group of leading hedge fund executives on Wednesday published recommendations for voluntary standards on governance and disclosure to address criticisms regarding the opaqueness of the fast-growing industry.
On Tuesday, the U.S. Supreme Court is hearing an case that some say may alter the landscape of investing. The outcome potentially could strengthen shareholder confidence -- or stifle investment markets.
On Oct. 9, the U.S. Supreme Court will hear a case that some say may open the flood gates to a tidal wave of investor lawsuits. Legal experts joined CNBC to debate both sides of the issue.
Bain Capital Partners said it will submit for a national security review its proposed $2.2 billion buyout of networking equipment maker 3Com Corp.
Telstra, Australia's largest telephone company, may be forced to split its network and retail business to break a deadlock over building a high-speed broadband network and to boostcompetition.
The European Commission fined Visa 10.2 million euros ($14.45 million) on Wednesday for refusing to let Morgan Stanley join its payment card system in Britain.
New York City Mayor Michael Bloomberg was the victim of identity theft, according to the New York County District Attorney's office.
Texas oilman Oscar Wyatt pleaded guilty Monday to conspiracy to commit wire fraud, one of five counts against him for his role in the U.N. oil-for-food scandal.
The Supreme Court Monday rejected a tobacco industry appeal on two issues in a Florida class-action case that has already resulted in a $145 billion punitive award against the cigarette makers being overturned.
The U.S. Equal Employment Opportunity Commission sued Bloomberg LP on Thursday, alleging the news service had discriminated against pregnant employees by cutting their pay and demoting them.
Morgan Stanley will pay $9.5 million into a fund for several thousand arbitration claimants, and was fined $3 million by the Financial Industry Regulatory Authority, the brokerage industry regulator said on Thursday.
A union filed a shareholder lawsuit against Moody's on Wednesday claiming the rating agency did not tell investors it "assigned excessively high ratings" to bonds backed by subprime mortgages.