Legal & Regulatory

Glencore Xstrata unit cuts workforce, reduces budget in Philippine mine

A unit of Glencore Xstrata revealed that it would scaling back on its workforce as well as its budget in the Tampakan copper-gold mine in South Cotabato, Philippines.


Ally's ResCap can still be sued even though bankrupt

Judge Denise Cote ruled that Ally's Residential Capital LLC (ResCap) can still be sued by the Federal Housing Finance Agency despite declaring bankruptcy.

Ligresti's USD333.8M to be seized

Italy's tax police determined that around $333.8 million of Salvatore Ligresti', his daughters' and the company executives' assets will have to be seized.

Prime Minister David Cameron supports hydraulic fracturing

In an editorial on the Daily Telegraph, Prime Minister David Cameron gave his backing for hydraulic fracturing.


Latest News

One of the first victims of the Snowden affair was the closure of secure email service provider Lavabit.
Xinhua reported that French drugmaker Sanofi had become the focus of bribery investigations by Chinese authorities.
Apple Inc won an order versus Samsung that would prohibit the South Korean company from importing, selling and distributing its devices in the US.
Pioneer oil driller Chesapeake Energy decided to just drop their claims of retaining land leases after two years of legal battle with landowners.
Analysts told Reuters that British Prime Minister David Cameron needs a symbolic triumph before he can ask Britons to support continued membership of the European Union.
French President Francois Hollande said he would continue to stimulate the jobs market to chip down the soaring unemployment numbers in the country.
President Barack Obama proposed the gradual elimination of Fannie Mae and Freddie Mac to speed up recovery in the housing sector.
US District Judge Denise Cote is considering the possibility of restricting Apple from making contracts with publishers for five years.
Philip Falcone's Harbinger Capital filed a lawsuit against Deere & Co and Global Positioning System companies for US$1.9 billion in damages.
The US Court of Appeals grilled Samsung over a patent case ruling that favored the South Korean company.