The bond market is awaiting the Federal Reserve Bank decision on quantitative easing. (Photo : Reuters)The image is the facade of the Federal Reserve Bank.
Legal & Regulatory
Tom Hayes Charged in UK Libor Manipulation Probe
Tom Hayes, former trader at UBS AG and Citigroup Inc. was charged into manipulation of London interbank offered rate.
Sprint Nextel Sues Dish, Clearwire to Block Proposed Offer
Sprint Nextel sued Dish on Monday after stating that its rival company violated the Delaware law. (Photo : REUTERS/Keith Bedford)People talk on their cell phones as passers-by walk past a Sprint store in New York.
UPDATE: Lowe’s Steps In after Orchard Supply Files Chapter 11
Orchard Supply Hardware Stores Corp filed Chapter 11 bankruptcy protection to proceed with the sale of the company's major assets to Lowe's Companies priced at US$205 billion.
France Telecom Directors to Decide on CEO’s Fate
Stephane Richard, CEO of France Telecom will face his fate to whether or not retain his position from the company's board after being charged with fraud at his previous office.
Latest News
Fed Chairman Bernanke's announcements on quantitative easing is anticipated by the market. (Photo : Reuters)President Barack Obama's next choice to head the U.
Amidst the investigation against several top officials, Wal-Mart's board votes for James Cash as new Lead Director.
Spirit AeroSystems, a manufacturer of aeronautics parts and tools, is being investigated by a law office under claims of misrepresentation.
Dole's shareholders sue the company's board to stop it from accepting a deal offered by the company's top executive.
The Indian government deferred the proposed stake sale of Jet Airways to Etihad as it seeks more information regarding the ownership of the local carrier.
Seibu Holdings was questioned by Cerberus Capital Manamgement in an attempt to gain support from shareholders to shake up its board.
FINRA will be submitting to the SEC a process to clear broker's records. (Photo : Reuters)The image is FINRA's corporate logo. The Financial Industry Regulatory Authority or FINRA said that it would in the next few weeks send to the Securities and Exchange Commission a proposal that would allow securities brokers to clean up some of the black marks on their broker's records.
Pharmaceutical giant Pfizer Inc. (PFE) announced it had reached a settlement worth $2.15 billion with Teva Pharmaceutical Industries Ltd. (TEVA) and Sun Pharmaceutical Industries Ltd. (SUNP) after almost a decade of trials over Protonix sales in the United States.
Hewlett Packard's (HP) Indian unit faced a US$386 million order after the Indian customs department stated that the company has underpaid dues while importing spare parts and other products into India.
