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Tata Steel raises 5.08 bln rupees from anchor investors

Tata Steel has raised 5.08 billion rupees ($111.8 million) from anchor investors at the upper end of an indicated price range ahead of a public share offering, reflecting investor optimism in the company's prospects in India's fast-expanding economy.
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Legal sector Dec job losses indicate struggle ahead

The legal sector has lost 1,000 jobs in December, recording its third straight month of job losses, but overall, the sector has more jobs than a year ago, according to the data released by the Bureau of Labor Statistics.
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MS-13 gang leader, members of San Francisco clique plead guilty to RICO charges

A former leader and two other members of the San Francisco branch of La Mara Salvatrucha or the dreaded MS-13 criminal gang have pleaded guilty in federal court to various federal charges that include racketeering (RICO) conspiracy, conspiracy to commit murder in aid of racketeering, and the use or possession of a firearm in furtherance of a crime of violence, according to the Department of Justice.
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Howrey struggling with European IP practice

Howrey is struggling with its European intellectual property (IP) practice following the departure of its London-based managing partner Mark Hodgson, who has joined Field Fisher Waterhouse.
"Holiday Bandit" Marat G. Mikhaylich has robbed three banks in one month

Holiday Bandit identified, police on his trail

A robber, who has been nicknamed the Holiday Bandit by the Federal Bureau of Investigation (FBI), has been identified as Marat G. Mikhaylich and is being sought after pulling his third bank robbery in the New York City over the past few weeks, the federal authorities said.
A Pan American aircraft is given a water salute

Pan Am Flight 281 hijacker sentenced to 15 years in prison

A man who had hijacked a Puerto Rico-bound Pan American flight 281 to Cuba four decades ago and then voluntarily returned to the United States in October 2009 and surrendered to federal authorities so that he could see his family again, has been sentenced to 15 years in prison without parole.
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Seven hospitals settle overbilling allegations for $6.3 mln

Seven hospitals located throughout the southern part of United States have agreed to pay a total of $6.3 million to resolve False Claims Act allegations that they were overcharging for osteoporosis procedures, said Department of Justice (DOJ).

Shell, others allowed to resume deepwater drilling in Gulf of Mexico

The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE), the federal agency, which oversees U.S. offshore drilling, has allowed Shell Offshore Inc. and 12 other oil and gas companies to resume deepwater drilling operations in the Gulf of Mexico without the need to submit revised exploration or development plans for supplemental National Environmental Policy Act (NEPA) reviews.
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Volcker rule tests new systemic risk council

The new council of U.S. regulators will face a major test on Tuesday when it unveils recommendations on how to enforce one of the most recognizable if inscrutable aspects of the six-month-old Wall Street reform law: the Volcker rule.

Borders close to securing refinancing: report

Bookseller Borders Group Inc told publishers in a meeting it was close to securing refinancing from GE Capital and other lenders, the New York Times reported, citing people familiar with the matter.
Lehman Brothers

Lehman sees $60 billion bankruptcy payout, needs time

Lehman Brothers Holdings Inc said it will take longer than expected to win approval of a bankruptcy plan, and projects paying out $60.1 billion as it tries to settle differences with creditors owed six times that amount.
Bernard Madoff

Judge approves $7.2 billion Madoff settlement

A U.S. judge approved a $7.2 billion settlement on Thursday to pay former customers of the Madoff firm, the largest yet in the worldwide search for money lost in Bernard Madoff's multibillion-dollar Ponzi scheme.

U.S. may challenge Google's ITA deal: source

U.S. regulators are putting together a possible antitrust challenge to Google Inc's planned $700 million acquisition of airline ticketing software company ITA Software, sources knowledgeable about the deal said on Thursday.

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