OCT
1
2012

Morgan Stanley mortgage sued for $110 million over loans

Morgan Stanley Mortgage Capital Holdings LLC was sued for at least $110.8 million by a trustee for investors in mortgage-backed securities.

OCT
1
2012

In Sweden, man does time for convict friend

A man convicted of smuggling in Sweden outwitted his jailers by sneaking in a friend to serve most of his yearlong sentence, prison officials said Friday.

OCT
1
2012

Olympus-Sony deal shows Japan´s old ways die hard

Sony Corp.´s plan to buy an 11% stake in embattled Olympus Corp. effectively marks the final chapter in one of Japan´s biggest business scandals. It also shows how, in the end, the scandal actually did little to disturb Japan´s cloistered corporate culture.

OCT
1
2012

BofA takes new crisis-era hit

Bank of America Corp. agreed to pay $2.43 billion to settle claims it misled investors about the acquisition of troubled brokerage firm Merrill Lynch & Co., in the latest financial-crisis aftershock to rattle the banking sector.

OCT
1
2012

Brazil court partially lifts ban on Transocean operations

A Brazilian court has overturned a lower court ruling and allowed Transocean Ltd. to continue operations in Brazil, except at the Frade oil field, the site of an oil spill last November, according to a court document.

SEP
28
2012

New Zealand admits error in Dotcom investigation

New Zealand´s prime minister apologized to Kim Dotcom, founder of file-sharing website Megaupload.com, after an investigation found that the government intercepted his communications illegally.

SEP
28
2012

Ex-Credit Suisse CDO boss Serageldin is arrested in U.K.

Kareem Serageldin, the ex-global head of Credit Suisse Group AG´s CDO business charged in a bonus-boosting fraud tied to a $5.35 billion trading book, won´t consent to extradition to the U.S. until he reaches a plea deal.

SEP
28
2012

Defense of marriage act faces widow´s tax case appeal

The Defense of Marriage Act, which bars the federal government from recognizing same-sex unions, faces a challenge from a lesbian spouse whose lawyer is scheduled to make arguments to a U.S. appeals court.

SEP
28
2012

Transocean served with injunction against Brazil drilling

Transocean Ltd said on Thursday it was served with a preliminary injunction by a federal court in Brazil that will require the company´s nine rigs currently in the country to cease operations within 30 days.

SEP
28
2012

FTC settles with holding company over reporting violation

It´s practically antitrust 101: If your deal is big enough, you have to report the transaction to the government.

SEP
27
2012

Foxconn workers labor under guard after riot shuts plant

Security teams wearing riot helmets and wielding plastic shields marched around a Foxconn Technology Group factory in northern China in a sign that tensions remain high after a fight between 2,000 workers halted production.

SEP
27
2012

Assange speaks via satellite from London, calls for end to ´persecution´

The founder of WikiLeaks delivered an impassioned appeal Wednesday for the U.S. government to end its actions against him, his website and those who support it.

SEP
27
2012

UC to pay nearly $1 million in UC Davis pepper-spray settlement

The University of California will pay damages of $30,000 to each of the 21 UC Davis students and alumni who were pepper-sprayed by campus police during an otherwise peaceful protest 10 months ago, the university system announced Wednesday.

SEP
27
2012

Brazilian court bans anti-Islam film

Judge Gilson Delgado Miranda gave the video-sharing site ten days to remove videos of the film, Innocence of Muslims.

SEP
27
2012

SEC looks for the ´kill switches´

U.S. securities regulators have launched a sweeping review of the systems brokerages and trading firms use to place orders, intensifying their response to a spate of technological mishaps that have tested investors´ confidence in the stock market.

SEP
27
2012

Boat race protester Trenton Oldfield guilty of public nuisance

A man who disrupted this year´s University Boat Race has been found guilty of causing a public nuisance.

SEP
26
2012

Government fights release of royal veto guidelines

Cabinet Office challenges order to release guidance on when Prince Charles and Queen must be consulted over draft laws.

SEP
26
2012

HP investor suit against Hurd, directors dismissed by U.S. judge

Former Hewlett-Packard Co.Chief Executive Officer Mark Hurd and company directors won dismissal of a shareholder lawsuit alleging that Hurd´s severance pay was wasteful and excessive.

SEP
26
2012

Texas puts to death man who received three stays of execution

Texas executed a man on Tuesday who had received three stays of execution from the U.S. Supreme Court because of questions about how forcefully his lawyers defended him.

SEP
26
2012

A crucial witness in Rajaratnam trial receives probation

A former Intel executive who leaked secret information about his employer to Raj Rajaratnam, the fallen hedge fund billionaire, avoided prison on Monday when a judge sentenced him to two years´ probation.

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