Ford, Ferrari settle lawsuit over F-150 name
Ford Motor Co has settled a lawsuit in which it accused Italian automaker Ferrari of infringing its trademark for the popular F-150 truck.
CORRECTED: Judge to approve plan that pays GM creditors
Corrects closing share price and day of the week, paragraph 2
Courtroom showdown in Galleon trading probe
A sweeping insider trading case that shook the hedge fund world is finally set for trial, with onetime billionaire Raj Rajaratnam fighting to stay out of prison in a courtroom drama over corporate secrets, tapped telephones and friends-turned-government witnesses.
Banks haven't gotten the tax fraud message: prosecutor
Foreign banks have not gotten the message when it comes to helping American clients avoid paying taxes, a top U.S. tax prosecutor said on Thursday.
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SEC scanning bank loan practices: report
U.S. securities regulator is seeking information from an unknown number of regional and community banks that have restructured troubled loans in order to make them appear healthier than they really are, the Wall Street Journal said, citing people familiar with the situation.
Bangladesh removes Nobel winner Yunus as Grameen Bank
Nobel laureate Muhammad Yunus has been removed from his position as head of microlender Grameen Bank, Bangladesh's central bank said on Wednesday, but Grameen said he remained in charge.
News Corp offers to sell Sky to ease BSkyB deal
Rupert Murdoch's News Corp has offered to sell Sky News and also subsidize the channel for years to win approval of its planned takeover of all of British pay TV company BSkyB , the BBC reported on Wednesday.
Pakistan's outspoken Christian lawmaker Shahbaz Bhatti falls prey to religious intolerance
Talibanism is on the rise in Pakistan and the government is helpless about it, Wednesday's ruthless assassination of Shahbaz Bhatti, the nation's only Christian lawmaker to hold a cabinet rank, has confirmed.
Madoff trustee sues Tremont for $2.1 billion
The trustee seeking money for victims of Bernard Madoff's Ponzi scheme has sued Tremont Group Holdings for $2.1 billion, saying it missed warning signs the business could be a fraud.
California hedge fund manager settles SEC charges
A Bay Area hedge fund manager settled civil charges that he secretly diverted more than $12 million in proceeds to other entities he controlled, securities regulators announced.
Goldman estimates $3.4 billion in legal losses
Goldman Sachs Group Inc could lose up to $3.4 billion from lawsuits and other disputes over the securities it sold and underwrote, the investment bank said in its annual filing with regulators on Tuesday.
EU court bans men-women insurance discrimination
Insurers must stop setting prices based on gender, an EU court ruled, in a move that could raise costs for women drivers, cut male pensions and invite more legal challenges to pricing practices.
Ex-SocGen trader sentenced to 3-year jail term
A jailed former Societe Generale trader convicted of theft of speed-trading computer code secrets was sentenced to 36 months in prison on Monday.
Top SEC lawyer did not recuse himself on Madoff
The top attorney for the U.S. securities regulator was advised not to recuse himself from handling Bernard Madoff matters for the agency, even though his family's estate had invested with the swindler.
Citi could lose $10 billion from U.S. tax change: analyst
Citigroup Inc could write down some $5 billion to $10 billion in expected future tax benefits if the United States decreases corporate tax rates, veteran banking analyst Mike Mayo estimated on Monday.
Ex-Colonial Bank exec to plead to criminal charges
A former executive at Colonial Bank, which collapsed in part because of its close ties to the now-bankrupt Taylor, Bean & Whitaker Mortgage Corp, is expected to plead to criminal charges on Wednesday.
SEC charges body armor company's ex-directors in fraud
A U.S. regulator charged three former directors of a military contractor with involvement in a massive accounting fraud, after a jury had convicted the company's founder of orchestrating the $190 million scheme.
AmEx sees up to $500 million more in legal losses
American Express Co said it could face up to an additional $500 million in losses from lawsuits and governmental examinations, on top of what it has already reserved for them.
Citi could face up to $3 billion in Lehman claims
Citigroup Inc could face up to $3 billion in claims from the bankruptcy proceedings of Lehman Brothers Holdings Inc , the third largest U.S. bank by assets said in a regulatory filing on Friday.
Toys R Us mulls $800 million IPO for April: report
Toys R Us Inc is looking to raise around $800 million in an initial public offering in April, though a final decision has not been reached, the New York Post said on Saturday.
Freddie Mac exec facing possible SEC charges
A top Freddie Mac executive received notice the government may file charges against him for allegedly violating securities laws in the years leading up to the housing bust, according to a regulatory filing released on Thursday.
Foreclosure deal slowed by infighting: sources
U.S. regulators' efforts to settle with banks over improper mortgage foreclosures are being hampered by infighting among the groups involved in the talks, and a settlement may take a while, according to sources familiar with the matter.
Iraqi immigrant convicted by Arizona jury in honor killing case
An Iraqi immigrant, who ran over his daughter in his car and assaulted her boyfriend's mother in a case billed as honor killing, has been convicted of second-degree murder by a Phoenix jury.
Top lawyers quit Howrey again
Top lawyers are deserting Howrey en masse and are joining rival law firms in search of greener pastures.
Accurate reporting of third-party allegations not defamation if substantially true, says Texas court
An appellate court in Texas has affirmed the dismissal of a defamation suit filed by an Austin-based neurosurgeon against a local television station, ruling that accurate and fair reports on third-party allegations do not amount to defamation.
New York judge rules criminal defendant's interest outweighs shield law
A New York Supreme Court judge has ruled that a person's constitutional right to a fair trial outweighs the press privilege, even if the information obtained by the latter is confidential in nature.
Twin daughter of Malcolm X denied bail in identity theft case
Malikah Shabazz, one of the children of slain civil rights leader Malcolm X, has been denied bail by a North Carolina court in connection with grand larceny, forgery and identity theft and could face trial in New York City where warrants have been issued against her.
BofA's unit violated Utah law in foreclosure actions, says state atty. gen
Utah's attorney general's office said ReconTrust Co., a subsidiary of Bank of America Corp. (BofA), has violated the state's law on foreclosures.
Kids for Cash judge Ciavarella called scumbag by grieving mom
Mark Ciavarella, the former Pennsylvania judge who was convicted of racketeering and tax fraud last Friday, has been called a 'scumbag' by a grieving mother whose son committed suicide last year.
Coca-Cola, Pepsi may contain cancerous coloring agents, should be banned: Report
Two of the world's biggest cola drinks makers - Coca-Cola and PepsiCo - have come under fire for using cancerous caramel coloring agents in their drinks.
New York judges will be barred from presiding over cases of big campaign donors
New York's elected judges will be barred from presiding over a case if the lawyer, plaintiff or defendant in that case has made any contribution of $2,500 or more in the judge's judicial election campaign during the two years prior to the trial, the state's top judge said.
New York chief judge assures legal help to needy homeowners who are facing foreclosure actions
New York's chief judge has taken steps to provide homeowners facing foreclosure legal representation free of charge.
Kids for Cash trial: Ciavarella found guilty of racketeering, tax fraud, cleared of extortion, bribery charges
The trial of Mark Ciavarella, a former Pennsylvania judge who has been charged with racketeering, fraud, money laundering, extortion, bribery and federal tax violations, drew to a close on Friday with the jury returning a guilty verdict.
Kids for Cash trial: Jury deliberations on Ciavarella's fate to resume Friday
The jury deliberations in the trial of Mark Ciavarella, a former Pennsylvania judge who has been charged with racketeering, fraud, money laundering, extortion, bribery and federal tax violations, will resume on Friday.
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