JUL
21
2008

Indian parliament begins session to take up confidence vote

A crucial two-day session of the Indian parliament to take up a vote of confidence in the United Progressive Alliance government began Monday with the prime minister expressing confidence that his coalition will prevail.

JUL
21
2008

Yahoo reaches an agreement with Carl Icahn on board

Yahoo! Inc. reached a compromise with billionaire activist Carl Icahn, agreeing to give him three board seats to settle a fight for control of the Internet company.

JUL
21
2008

Glaxo pays Biota $20 million to settle Relenza suit

GlaxoSmithKline Plc, which licenses the flu drug Relenza from Biota Holdings Ltd., paid the Australian company $20 million ($19.5 million) to settle a lawsuit.

JUL
21
2008

Facebook sues German knockoff social networking site

Facebook begins to take legal action against social networking web sites that copy the site´s design. Attorneys representing Facebook have filed a lawsuit against a German-based social networking web site that has a user interface that is virtually identical to Facebook.

JUL
18
2008

Investors sue Bank of America over auction rate securities

Investors filed a class-action lawsuit Thursday against Bank of America Investment Services Inc. and Bank of America Securities, alleging that brokers deceived them about their risk.

JUL
18
2008

California fines Blue Shield, Anthem Blue Cross $13 million

California regulators have issued fines to both Blue Shield and Anthem Blue Cross on Thursday, worth a total of $13 million.

JUL
18
2008

UBS drops U.S. client offshore-banking

Swiss bank UBS said Thursday it will stop offering offshore-banking services to U.S. clients after a threat to its U.S. banking privileges.

JUL
18
2008

Zephyr seeks bankruptcy protection on Tokyo homes

Zephyr Co., a Tokyo-based builder of condominiums, sought protection from creditors after sales of homes in the Japanese capital declined.

JUL
18
2008

Belvedere, french vodka maker, files for bankruptcy

Belvedere SA, the French maker of Sobieski vodka whose shares have dropped 70 percent in the past year, received bankruptcy protection from a French court.

JUL
18
2008

Federal jury finds in favor of Mattel in Bratz lawsuit

In a battle between Barbie and the Bratz gang of dolls, the long-legged blonde might not seem a match for the street attitude of her upstart rivals, but last night she won the biggest catfight in toyland.

JUL
17
2008

Congress considers lifting 20 year ban on HIV/AIDS visas

The Senate may soon lift a two-decade old ban on HIV-positive people from visiting or immigrating to this country. The repeal is included in a wider measure that Congress is expected to pass this week to spend $50 billion over five years to fight AIDS, tuberculosis and malaria around the world.

JUL
17
2008

McDonald´s franchisee pleads guilty to illegal labor

A McDonald´s Corp. franchisee pleaded guilty on Wednesday to furnishing illegal immigrants with false identities and will pay $1 million in fines in one of the federal government´s first major crackdowns on illegal labor in the fast-food industry.

JUL
17
2008

ICC effort to arrest Sudan president criticized by international organizations

The Arab League, African Union (AU) and others have criticized the International Criminal Court (ICC) prosecutor´s Monday application for an arrest warrant for Sudanese President Omar al-Bashir.

JUL
17
2008

Bush: US eying Zimbabwe sanctions

President Bush said Tuesday that the United States is looking at ways to punish Zimbabwean leaders after China and Russia blocked sanctions at the United Nations last week.

JUL
17
2008

FBI investigating possible fraud by IndyMac

The FBI is investigating failed IndyMac Bank for possible mortgage fraud, US media reported on Thursday, citing US officials. The California-based IndyMac Bank, which government regulators seized last week, is among 21 banks being probed by the Federal Bureau of Investigation, the Wall Street Journal reported.

JUL
17
2008

California ports to impose fee on containers in bid to ease pollution

In a bid to contain pollution, legislators in the U.S. state of California have voted to impose a fee on every container moving through the ports of Long Beach, Los Angeles and Oakland, a Los Angeles Times report said Wednesday.

JUL
17
2008

LGT weighed account for bribes linked to Glencore

LGT Group, the bank owned by Liechtenstein´s ruling family, considered creating an account to facilitate bribe payments for transactions involving commodity trader Glencore International AG, a U.S. Senate report says.

JUL
17
2008

EU top court rules against Spanish regulator´s merger powers

Spain violates European Union rules by making approvals of Spanish utility mergers dependent on the prior endorsement of its energy regulator, the EU´s highest court said.

JUL
16
2008

Top american diplomat to attend talks with Iran

A senior U.S. official says the United States will send a top diplomat to participate in talks with Iran about Tehran´s nuclear program at a meeting Saturday in Geneva.

JUL
16
2008

Bristol-Myers Squibb to start paying states in Medicaid drug fraud

A number of 43 states will receive money from drug maker Bristol-Myers Squibb as part of a nationwide settlement with the company that concludes an investigation into whether the company overcharged Medicaid program for its drugs and tried to advertise one of its drugs for an unapproved used.

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