The European commission seek to prove that the Belgian aid to Wallonia airports was illegal. The European Commission (EU) called for an investigation into the Belgian aid for several airports in the Wallonia region.
Legal & Regulatory
Florida judge dismisses lawsuit against US regulator for negligence in Stanford case
A Florida federal judge dismissed the lawsuit against the US Securities and Exchange Commission for its alleged failure to report Allen Stanford's Ponzi scheme to Securities Investor Protection Corp.
Increase in retail sales sign of better US economy
Retail sales in the US rose in July, signifying better times for the US economy. The Commerce Department revealed that US retail sales rose to 0. 2% in July.
US regulator subpoenas metals warehousing companies
A US regulator subpoenaed major metal warehousing firms after an alleged restriction of material inflated prices.
Chubby Checker is suing HP over genital-measuring app
US District Judge William Alsup said singer songwriter Chubby Checker could sue Hewlett Packard Co for infringing his trademarked name.
Latest News
The US Securities and Exchange Commission approved the takeover by IntercontinentalExchange of NYSE Euronext.
Sources told Reuters BaFin gave investors interested in buying BHF-Bank until the end of August to give the information it needs to approve the sale or not.
The Philippine Department of Transportation and Communications said it is eyeing the possibility of rebidding the LRT-1 Cavite extension project under revised terms.
Shanghai Securities News said the Ministry of Public Security and a cabinet-level research center of China were preparing to investigate on EMC Corp, IBM Corp and Oracle Corp over security concerns.
Japan Tobacco International said they will continue to grow in the Philippines despite higher taxes on cigarettes.
Albay Governor Joey Salceda and two representatives preferred to have SMEC takeover Albay Electric Cooperative (ALECO).
A judge approved the foremost cable systems' plan to sell their spectrum to Verizon Wireless and cross sell their individual wireless and cable plans.
Two former executives of Vitesse Semiconductor Corp pleaded guilty for inflating the earnings of the corporation and backdating stock options.
'Die Hard' star Bruce Willis' television commercial was banned from Britain's airwaves for being misleading.
