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New US Work Visa Regulations To Hit Indian IT Companies Badly

The U.S. Department of Labor (DOL) is set to adapt a tougher visa regime that makes getting H-1B nonimmigrant visas harder for the U.S. companies. Once implemented, the DOL decision will hurt several companies that hire cheap and skilled workers from countries like India and China.
Beverly Hilton hotel

Travel Websites, Hotels Accused Of Price-Fixing

A lawsuit filed in San Francisco federal court Monday alleges that Marriott International, Hilton Hotels, Sheraton Hotels & Resorts and others conspired to use their market dominance to fix hotel prices with travel websites like Expedia, Travelocity and, a subsidiary of
1301 Sixth

Too Big To Succeed? Dewey & LaBoeuf's Demise Mirrors Real Estate Collapse

The global headquarters of Dewey & LaBoeuf LLP, a glass-sheathed office tower in midtown Manhattan, has a commanding view of a stretch of Sixth Avenue looking downtown. A pair of statues, designed by artist Jim Dine, rise from the plaza of the stately office, overlooking Rockefeller Center. But now, it will be the law firm's ornate tomb, a reminder of its glory days.
A trader works in the J.P. Morgan stall on floor of the New York Stock Exchange, September 14, 2009.

SEC 'Probably' Drafting JPMorgan Subpoenas: Former Agent

U.S. Securities and Exchange Commission investigators are probably in the process of drafting subpoenas against JPMorgan Chase & Co. (NYSE: JPM), if they have not already filed them, regarding the bank's loss of $2 billion through proprietary trading, said ex-SEC New York Regional assistant director Joseph Dever.
Occupy Wall Street demonstrators gather at the Vietnam Veterans Memorial Plaza, on the city park site

Occupy Wall Street May Day Protesters May Have Been Unlawfully Arrested

On May Day, the New York Police Department arrested twelve demonstrators from Occupy Wall Street -- part of a larger group of 86 people taken in that day -- for refusing to disperse from a gathering that was underway inside a city park. The problem: the demonstrators were not in a park at all when they were detained.
Tourists stand outside the Wynn Casino in Macau

Wynn Resorts Gets Gov't OK For Macau Cotai Casino

Wynn Resorts, Limited (Nasdaq: WYNN) received approval to begin breaking ground at its 51-acre casino sight on Macau's Cotai strip, an approval that has been in limbo since March, the company said Wednesday.

Sprint Sued By New York For $300 Million; Service Provider Denies Tax Fraud

Sprint Nextel Corp., which is the third-biggest mobile service provider in the U.S., has been sued by the state of New York for allegedly not collecting or paying millions of dollars in taxes. Though Sprint denies these accusations, the company stands to pay more than $300 million if the claims are proven true.


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