Proposals set out in the Criminal Justice and Licensing (Scotland) Bill plan to raise the age of criminal responsibility in Scotland to 12.
U.S. regulators have told Bank of America Corp and Citigroup Inc they may need to raise more capital following stress testing of the two banks, The Wall Street Journal reported.
UK Home Secretary Jacqui Smith announced Monday that the British government will not be establishing a central government database to keep records of phone calls, emails, and Internet activity, instead leaving that job to private communications providers.
The Obama administration dispatched high-level officials from several agencies Monday to allay concerns about swine flu and to demonstrate that it was fully prepared to confront the outbreak even as the president said there was "not a cause for alarm."
The U.S. Senate voted on Wednesday to create an independent commission to investigate the cause of the worst U.S. economic crisis in decades.
Legislation making its way through the U.S. House and Senate aims to restrict the fees and penalties credit card companies can charge consumers.
There were apparently just one too many outbursts from Nicklas Frasure for a southeast Idaho judge to tolerate. So he ordered that Frasure, who has a history of mental illness, have his mouth sealed with duct tape during an evidentiary hearing Monday.
Three new potential buyers submitted bids for Bernard L. Madoff Investment Securities LLC’s market-making business, said the trustee liquidating the assets to recover money for Bernard Madoff’s fraud victims.
Missing vials of a potentially dangerous virus have prompted an Army investigation into the disappearance from a lab in Maryland.
Hong Kong billionaire Richard Li abandoned his $2.1 billion bid for PCCW Ltd. after the Court of Appeal blocked the deal, ending his five-month takeover battle for the city’s biggest phone company.
The worsening economy may bring more malpractice lawsuits against law firms by bankruptcy trustees who consider them potential cash cows.
The New York lawyer who killed his wife and two daughters and committed suicide in a Maryland hotel may have run a $20 million-plus Ponzi scheme, according to a lawyer who said his partner may have been a victim.
President Barack Obama will weigh in on Thursday on the lending practices of U.S. credit card companies, an issue that has triggered an outcry from consumers hit with high fees and interest rates.
A third woman has come forward claiming that Paraguayan President Fernando Lugo fathered a child with her out of wedlock.
Apple Inc. said Wednesday that a surge in iPhone sales helped offset a decline in Mac sales as the company reported quarterly profit and revenue that thrashed Wall Street forecasts.
Christian Dior SA can sue two companies for trademark infringement that sold its products to discounters without consent as long as there’s damage to the company’s brand, the European Union’s top court said.
U.S. Rep. Jane Harman, D-Calif., is demanding Justice Department transcripts of her wiretapped phone calls, telling the DOJ in a letter that she is outraged to learn of the secret eavesdropping in 2005 or 2006.
Cost-cutting helped Yahoo! satisfy investors with its first-quarter earnings report on Apr. 21, and the company announced plans to cut 5% of its staff, on top of 1,600 job cuts in December.
Drivers for FedEx Corp.’s small- package delivery unit are independent contractors, not employees, a federal appeals court said, in a victory for the carrier over the National Labor Relations Board.
Belvedere SA, the French vodka maker under court protection, said a court accepted most of a recovery plan that would pay creditors in full over 10 years, funded in part by asset sales.
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