Legal & Regulatory
United Airlines fined for violations of the tarmac rule
The highest fine was imposed upon United Continental as thirteen flights went beyond the three hour tarmac rule at O'Hare International Airport last July 13, 2012.
Countrywide verdict a major victory for US Justice Department- report
The US Justice Department scored a major win when a New York federal jury found the Countrywide unit of Bank of America guilty for mortgage fraud.
Turkey, EU to launch new round of accession talks next month
The European Union and Turkey would be resuming accession talks on November 5 after a three-year postponement.
JPMorgan nears settlement deal with institutional investors- source
A source told Reuters that JPMorgan Chase & Co was nearing a settlement deal with institutional investors that included BlackRock, Pacific Investment Management and Neuberger Berman.
Latest News
The consortium running the Cameron LNG Project has lined up loan financing for the capitalization needed for the project.
In twin moves, Swatch was able to identify the cause of its sales declines and increase the demand for its components by cutting back on deliveries.
Despite the recent quarterly loss report from Jet Airways, Etihad is still awaiting the completion of the deal.
FDA has reclassified Vicodin and other hydrocodone-based pain pills as Schedule II, making them more difficult to get.
The bid made by LinnCo for Berry Petroleum is but one of the transactions that the US SEC is reviewing.
Atlantic Grid had moved to connecting power for delivery to New Jersey state. The company that had plans to build an undersea power transmission line backed by Google, Atlantic Grid Development LLC, has refocused its efforts in moving electrical power across New Jersey instead of its original plan of interconnecting offshore wind farms.
An Orlando, FL federal jury awarded USD173 million in penalties upon Qualcomm for patent infringement perpetrated upon ParkerVision.
The investigation into improprieties related to mortgage backed securities hinges its legality in a 1989 law.
The Foreign Investment Promotion Board provides approval Tata-SIA venture. The Indian government approved the proposal from Singapore Airlines to commence an aviation venture with Tata Sons through an initial foreign direct investment of USD49 million.
Bharti Airtel and Airtel Broadband had announced the approval of the merger plan between the two Indian telecommunications firms.




