The head of Fannie Mae and his firm's government overseer on Tuesday defended the use of millions of taxpayer dollars to pay legal bills for former executives accused of fraud.
Tanzania has extended nationwide power rationing after a prolonged drought led to a 230 megawatt (MW) deficit on the national grid, a senior official said on Tuesday.
Bank of America (BofA) has selected a battery of top-end law firms to represent their legal interests but being on the legal panel comes at a price.
Cadwalader Wickersham & Taft's gross annual revenue has slipped 6 percent in 2010 despite profit per partner (PPP) being slightly up compared to prior year.
A federal appeals court has upheld the conviction of a Florida doctor who was sentenced to 25 years in prison for providing material support and offering treatment to wounded Al Qaeda militants.
A Maine judge has upheld a jury verdict that awarded $7.3 million in damages to a businessman who has accused a law firm of causing him emotional distress.
Robert Bob DuPuy, former Major League Baseball (MLB) president, has rejoined law firm Foley & Lardner's sports industry practice group in New York as a partner.
Digital media giant AOL and popular political blog site The Huffington Post had hired Simpson, Thacher & Barlett and Latham & Watkins respectively to advise them on the recently announced $315 million acquisition deal.
Fannie Mae has booted Florida-based foreclosure law firm Ben-Ezra & Katz from its retained attorney network after noticing that the firm was not handling its matters in strict compliance with proper procedures, ethical codes of conduct and legal requirements.
Brooklyn Decker, American fashion model and actress, and her husband, the American tennis ace, Andy Roddick, have listed their waterfront home in Austin, Tex., at $3.6 million, according to Aol Real Estate.
Companies are spending much less on sandwiches in the business meetings due to recession, according to a recent survey conducted by UK's office design company Maris Interiors LLP.
Speculation is that Apple is due to launch a smaller and cheaper version of its iPhone to sit alongside the current and upcoming breed of iPhones.
Tata Motors Ltd said on Tuesday its global vehicle sales rose 16 percent in January to 98,998 units.
Chairman of British Fashion Council, Harold Tillman, may put up fashion brand Jaeger for sale after receiving several offers for the company.
Starbucks Corp. the world's largest coffee chain may soon announce a partnership with single-serve coffee segment leader Green Mountain Coffee Roasters, according to unconfirmed reports.
Jeff Garlin, an American actor, comedian and voice artist, and his wife have purchased a vintage six-room condominium unit on the Gold Coast for $591,700.
Jason Richardson, an American professional basketball player for the Orlando Magic of the National Basketball Association, has re-listed his Oakland, CA home for $1.95 million, which is less than his initial asking price from 2008.
NEW YORK, Feb 14 - Technology communications company VoIP Inc sued Google Inc. in New York Supreme Court on Monday, accusing the Internet giant of stealing its trade secrets related to online voice technology.
American musician and pianist, singer-songwriter, and classical composer Billy Joel’s third ex-wife, Katie Lee, has sold her luxurious New York townhouse for $11.65 million she received as part of her generous divorce settlement.
The trial of Mark A. Ciavarella Jr., a former Pennsylvania judge who has been charged with honest services fraud, wire fraud and tax evasion in connection with receiving $2.6 million in kickbacks from a private juvenile jail facility, resumes today and is grabbing national attention as the case highlights the dangerous gap in the juvenile justice systems of many states - children appearing in court without lawyers.
Sales revenue of Beijing's auto market in 2011 is estimated to drop by 60 billion yuan ($9.1 billion), as the city puts cap on the number of cars bought each month, said a commerce official.
RBC Capital Markets said in its highlights before the Mobile World Congress show that smartphone units may accelerate this year from last year’s 60 percent growth as devices do more and simultaneously move down market for the masses.
Apple is ready to plug any loopholes in its supply chain to avert shortages, as it has placed a $7.8 billion order for key components used in handheld devices from Samsung Electronics Co. for this year.
Detroit tops the list of fastest growing metropolitan areas for technology jobs, according to a report by Dice.com - a career Web site for technology and engineering professionals and companies in the US.
Chip-maker Qualcomm Inc. (NASDAQ:QCOM) is debuting a new version of its Snapdragon mobile processor offering speeds of up to 2.5 gigahertz and twelve times faster than its predecessors.
Samsung launched its 10.1-inch Galaxy Tab at the Mobile World Congress event in Barcelona, reflecting its move from the 7-inch form factor to tackle the likes of Motorola Xoom and Apple iPad.
BMW's new concept vehicle is much more than a mere luxe machine to quench your thirst for pleasure driving.
AT&T is sweetening Valentine's Day with a perfect pair offer: LG Quantum or Samsung Focus Windows Phone 7 device and the Acer Aspire notebook.
South Africa's Competition Commission has recommended that retail group Wal-Mart's proposed acquisition of 51 percent of equity in Massmart be approved without conditions, the two companies said in a statement on Saturday.
Suit filed by former NCAA player against California-based video games major Electronic Arts (EI) Inc. could have severe repercussions on the movie and media industries.
