Apple described the US Justice Department's proposal to regulate its e-book sales as "draconian and punitive."
Legal & Regulatory
IBM reveals US regulators investigating their cloud computing revenues
IBM Corp disclosed that the SEC is probing how the revenues of their cloud computing business is generated.
US federal court sides with ex-NCAA athletes against Electronic Arts
Former NCAA athletes scored a win against Electronic Arts as a federal appeals court rule rejected the company's attempt to quash their case for unauthorized use of images in the latter's video games.
Raven Symone Tweets Pro Gay Sentiment
Raven Symone, one of the richest black celebrities in the United States under 40, recently shared her thoughts on gay marriage, leading many to confirm her sexual orientation.
New rule opens capital potential for venture capitalists
The SEC's new rule on sales of securities will allow starting companies and venture capitalists to gain more funds.
Latest News
The City of Richmond filed a lawsuit against Chevron Corp over a refinery fire that occurred last year.
San Francisco District judge denies class action certification by women filing case against Wal-Mart
San Francisco U.S. District Judge Charles Breyer rejected a motion filed by women workers of Wal-Mart's California offices as a class action lawsuit.
Goldman Sachs ex-trader Fabrice Tourre was found guilty by a Manhattan jury in his role in the subprime mortgage-back deal known as Abacus in 2007.
The federal and state regulators proposed remedies for Apple Inc's e-book price-fixing. On Friday, the US Department of Justice and 33 US states said that Apple Inc deserved a five-year ban from participating in anti-competitive e-book distribution deals.
India loosened rules for foreign direct investors on the local retail industry as part of its drive to lure more foreign firms.
Apple was seeking US president and trade representative's reprieve regarding the import ban for iPhone 4 and iPad 2 in the US.
Microsoft expressed its concern regarding the "Spying on Kiwis" Bill during a committee meet last Thursday.
Last Thursday, jurors looked for clarity on information to be able to decide on the case of the former Goldman Sachs vice president, Fabrice Tourre.
Carl Icahn sued Dell Inc. last Thursday as he tried to disrupt a USD24.4 million takeover bid from founder, Michael Dell and Silver Lake.
