Lloyds Bank to pay for past misdeeds. Britain's largest retail bank, Lloyds is set to announce an increase in money for compensation to pay customers and clients for losses sustained on mis-sold loan insurance.
Legal & Regulatory
Macy's Files Charges Against Martha Stewart and J.C. Penney
Macy's is filing charge against J.C. Penney and Martha Steward over their plans to launch Martha boutiques at Penney Stores.
Credit Suisse Reaches Mortgage Case Settlement with Ambac
Credit Suisse and Ambac Financial are reportedly agreeing on the settlement of mortgage-backed securities.
JC Penney CEO Knew Issues with Martha Stewart Deal
Macy's sues JC Penney and Martha Stewart for deal. JC Penney CEO Ron Johnson knew that if he signed the deal with Martha Stewart, he would be putting the company in jeopardy by creating a conflict with Macy's, its corporate rival.
CNOOC to Cede Gulf Assets
For national security concerns, CNOOC cannot use Gulf assets. China's largest offshore oil and gas producer CNOOC has been disallowed to control oilfields in the Gulf of Mexico.
Latest News
Court ruling ordering Argentina to pay debt notes on appeal. Analysts project that Argentina would lose its case against its creditors in its case filed in US courts.
Ryanair's third attempt to purchase Aer Lingus refused by EU regulators. European Union regulators have refused to validate the third purchase attempt by Ryanair to acquire Aer Lingus.
Scams on fraudulent private equities rob individuals of hard earned money. The city of Tianjin in China was rocked with controversy as thousands of retail investors claimed they were tricked by a group that offered illegal wealth management products.
The bankruptcy plan filed by Dewey & LeBoeuf was approved by judge Martin Glenn. U. S. Bankruptcy judge Martin Glenn has approved the liquidation plan of Dewey & LeBoeuf, which once had over 1,000 lawyers in 206 offices around the world.
Dewey and LeBoeuf bankruptcy plan approved. A federal bankruptcy court ordered the approval of the liquidation plan for Dewey and LeBoeuf. This is a milestone for the closure of the collapsed law firm to pave the way for creditors to recover their losses.
Monte dei Paschi is seeking to be bailed out after failing to meet European requirements. Italy's Treasury is waiting for a deadline on March 1 to grant a state bailout worth $3.
The European antitrust regulators have reject the offer of Ryanair to acquire Aer Lingus. The European antitrust regulators have vetoed the third attempt of Ryanair to take over Aer ingus, saying that the Irish low-cost airline had not shown sufficient concessions to relieve issues on its monopoly on 46 routes.
THQ bankruptcy court to supervise asset sale. In an announcement, THQ Inc has announced that it would be selling its remaining intellectual properties through a Court supervised sale auction.
AB InBev has been negotiating with the Department of Justice to settle lawsuit filed by the government to block its deal to acquire Mexican Group Modelo.
