The Bush administration issued a final regulation Wednesday aimed at banning Internet gambling, drawing criticism from Democrats who said it would burden financial companies.
An investigation will be launched in Hong Kong into the sale of financial products linked to collapsed U.S. investment bank Lehman Brothers after lawmakers voted overwhelmingly for a probe.
The US Department of Justice imposed fines totalling 585 million dollars on three leading Asian electronics manufacturers on Wednesday after they agreed to plead guilty to price-fixing.
The U.S. Supreme Court lessened restrictions on the Navy´s use of sonar in training exercises on Wednesday. The ruling favors the Navy after they were sued by the Natural Resources Defense Council to halt their use of sonar, which they say is harmful for marine mammals.
Federal regulators urged banks to maintain reasonable lending standards amid the financial crisis, but warned lenders that excessive tightening could cause further damage to the economy.
Lehman Brothers Holdings Inc. was sued by Deutsche Bank AG, which said it mistakenly transferred $72.5 million to a Lehman account at Bank of America Corp. and that it wanted the money returned.
Lego A/S, Europe´s biggest toymaker, lost a European Union court decision today over region-wide trademark rights for the shape of its famous toy bricks.
The European Commission fined Asahi Glass, Pilkington, Saint-Gobain and Soliver a total of over 1.3 billion euros ($1.64 billion) on Wednesday for a cartel in delivering car glass.
The European Commission approved an Italian rescue of Alitalia and said the airline´s new owners would not have to repay an illegal government loan, clearing a major hurdle in the deal to revive the carrier.
The European Commission on Wednesday proposed legislation to regulate credit rating agencies in an effort to avoid a repeat of the current financial crisis.
Southwest Airlines Co., the largest low-fare carrier, plans to expand its ability to book passengers on international flights through an alliance with Mexican airline Volaris by 2010.
Circuit City Stores Inc., the consumer electronics chain that filed this year´s biggest retail bankruptcy, arranged $1.1 billion in financing that gives the 59-year-old company another chance at survival.
The US Federal Reserve authorized giving credit card giant American Express full status as a bank holding company.
Two veterans´ organizations Monday filed a federal lawsuit seeking to accelerate decisions on disability claims for retired military personnel.
Officials are proposing new rules that would greatly expand bicycle parking in apartment and office buildings around the city, the latest step in a plan to make New York one of the most bike-friendly places in the nation.
A broad coalition of elected officials and others sued New York City on Monday over Mayor Michael Bloomberg´s bid for a third term in office, which the lawsuit says would be unconstitutional without another public vote.
Germany´s Deutsche Post is planning to cut 33,000 jobs -- mostly positions in its US express delivery service, according to press reports. Layoffs might also come in the company´s German units.
The US government early Monday announced the restructuring of the government´s 85-billion-dollar financial aid package that was given to insurer American International Group in September.
China unveiled a $586 billion stimulus package Sunday in its biggest move to inoculate the world´s fourth-largest economy against the global financial crisis.
A U.S. District court has ordered an Apple employee recently hired away from IBM to immediately stop work amidst fears that he might disclose IBM trade secrets.
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