Legal & Regulatory

U.S. to sell final $1.25 billion shares of Ally Financial from bailout

The U.S. Treasury Department will sell its remaining 54.9 million shares of Ally Financial Inc (ALLY.N) acquired under the government's bailout of the auto lender, Ally said on Thursday.


U.S. banks to move cautiously into Cuba, trade groups say

U.S. banks will be able to do more business in Cuba after the United States and the island nation agreed to restore diplomatic ties, but trade groups said their members will be slow to ramp up operations, fearing big penalties for mistakes.

Top Herbalife salesman acknowledges high failure rate in video

A top Herbalife salesman said that most people who sell the company's weight loss and nutrition products are doomed to fail, adding fresh grist to accusations by a hedge fund manager that the company is a fraud.

U.S. slaps hefty duties on solar goods from China, Taiwan

The United States on Tuesday confirmed steep import duties on solar products from China and Taiwan, in a decision that could inflame trade tensions between the two countries.


Latest News

Two U.S. security officials cast doubt on a threat against theaters planning to show Sony Corp's (6758.T) controversial movie about an assassination of the leader of North Korea, but police across the country vowed on Tuesday to take extra precautions.
A U.S. government lawyer faced tough questioning in an appeals court on Monday as he sought to defend a judge's ruling that Apple Inc conspired with five publishers to raise e-book prices.
Corporate lobbyists, news organizations and academics joined forces with Microsoft Corp on Monday in the software company's legal battle with the U.S. government over access to customer data stored overseas.
The court order that banned Chinese mobile maker Xiaomi from selling its phones in India has halted its breakneck expansion into the world's fastest growing major smartphone market and could be just the start of a string of patent challenges.
Italian police on Friday seized 556,000 euros ($692,000) in fake euro coins minted in China from a ship container in the port city of Naples, investigators said.
The U.S. Congress has cleared the way for global miners Rio Tinto (RIO.L) (RIO.AX) and BHP Billiton (BHP.AX) (BLT.L) to swap land with the government, which will allow them to build a long-delayed $6 billion copper mine in Arizona.
Canadian consumers may have ended up paying higher prices for cellphones and wireless services because of contracts between Apple Inc's Canadian unit and domestic carriers, the Canadian Competition Bureau said in a court filing this week.
Europe's antitrust chief will meet Google's critics in the coming weeks in an effort to resolve issues in a four-year investigation which has stirred up politicians and lawmakers on both sides of the Atlantic.
Chinese mobile chat app firm Momo Inc, backed by Alibaba Group Holding Ltd, said its CEO will fight allegations of misconduct and corruption made by his former employer, as it prepares to debut on Nasdaq.
An Indian court has ordered Chinese budget smartphone maker Xiaomi Technology Co Ltd [XTC.UL] to temporarily stop selling its devices in India, the Economic Times newspaper reported on Thursday, citing legal documents.