Allstate Corp., the largest publicly traded U.S. home and auto insurer, has accused Bank of America (BofA) and its lending unit, Countrywide Financial, of misrepresenting the risk associated with mortgage-backed securities it bought from them beginning 2005, and is suing them for more than $700 million.
Paris-based telecoms equipment giant Alcatel-Lucent SA and three of its subsidiaries have agreed to pay a combined $92 million penalty to settle a Foreign Corrupt Practices Act (FCPA) investigation into the global sales practice of Alcatel S.A. prior to its 2006 merger with Lucent Technologies Inc.
An Israeli court, on Thursday, found the country's former President, Moshe Katsav, guilty of rape and other sexual offenses. He was convicted on two charges of rape of an employee, Aleph, in the April 1998 while serving as the tourism minister for the country. He was also found guilty of sexual assault against ex-aide Heh and sexually harassing an 18-year-old Lamed Yod at the presidential residence, Beit HaNassi.
The defense is claiming that Michael may have inadvertently injected himself with a fatal dose of Propofol
Gurgaon police on Thursday arrested Citibank relationship manager Shivraj Puri, who alleged masterminded a major fraud in one of the bank’s branch in the north Indian state of Haryana.
Two former senior executives of Latin Node Inc. (LatiNode), a Miami-based telecommunications company, have been charged with bribing more than $500,000 to Honduran government officials and laundering money.
Microsoft co-founder and billionaire Paul Allen added details to the patent infringement lawsuit filed against Google, Apple, eBay, Facebook, Netflix, AOL, Yahoo!, Office Depot, OfficeMax and Staples in August.
The U.S. Postal Service is emphasizing forever in 2011.
A sum up of top events that shaped US in past decade (2000-2010). Part 3 covers 2009 & 2010 on Michael Jackson’s death, US economy and jobs, Obama closing Guantanamo Bay detention, troops in Afghan, Tea Party, Sarah Palin and Nobel Peace Prize.
Arsenal hammered Chelsea 3-1 with a commanding performance to go second in the table behind Manchester United in Monday's late game in the English Premier League (EPL).
Joe Miller, the Republican nominee for Alaska's U.S. Senate seat, says he will not oppose state certification for the November election because he wants his state to be represented in Washington. Nonetheless, he is keeping a federal suit alive.
Key patent lawsuits that punctuated the smartphone industry in 2010.
iWorks advertises itself as an Internet marketing firm. The Federal Trade Commission calls it an Internet scamming operation and is taking the company, and its 51 shell companies, to court to shut it down.
In October 2003, Russian security agents' seized the country's richest man at gun point on the tarmac of a Siberian airport. ''Weapons on the floor or we'll shoot!'' the agents shouted. Then the man was dragged away to spend years in solitary confinement at a Soviet-era labor camp in the Chita region of eastern Siberia. His assets were seized by the state; his opulence was wiped out and his family left almost fractured.
Former oil tycoon Mikhail Khodorkovsky and his business partner Platon Lebedev were declared guilty of fraud by the Moscow's Khamovniki court on Monday. Both men were accused of embezzling 218 tons of oil via their oil company Yukos and laundering over $97.5 million (3 billion rubles) in revenues.
Fresh religious clashes that broke out in the city of Jos in Central Nigeria on Sunday reportedly killed at least one person while several other have been injured. Many buildings and cars were set ablaze in the violence between Muslim and Christian groups. Police and military units have been deployed to prevent further hostilities by the mobs. The clashes came just a day after three blasts rocked the city killing 32 people. Tensions are escalating as unconfirmed reports are also suggesting that ...
Amnesty International on Saturday condemned the life sentence handed to Indian rights activist Binayak Sen over his alleged Maoist links, stating that it violates 'international fair trial standards'.
Global hospitality company, Hilton Worldwide, announced the finalization of an agreement with Starwood Hotels Resorts Worldwide to settle a lawsuit involving the alleged misappropriation of trade secrets.
As the first two years of President Barack Obama's tenure wind down, the President has made a big push to accomplish some of his goals. While he has kept many of his promises, he has not kept others. Some of those are stalled, others in the works.
The top after-market NASDAQ Stock Market losers are: pSivida, Alimera Sciences, Abiomed, Exceed Company, Allos Therapeutics, FX Energy, XOMA, Celgene, Dyax, and Marvell Technology Group.
The top pre-market NASDAQ stock market gainers are: Sonic Solutions, Verigy, Aixtron, Bed Bath & Beyond, MannKind, FuelCell Energy, Sequenom, Veeco Instruments, InterMune, and Solarfun Power Holdings.
The top after-market NYSE losers on Wednesday are: Carnival Corp, Christopher & Banks, Phoenix Companies, Orbitz Worldwide, Quiksilver and Invesco.
