A stockholder of NQ Mobile Inc filed a case against the Chinese firm for incurring losses after a research report said NQ had inflated its revenues.
Legal & Regulatory
Former Co-op chief says executives have doubts over viability of Lloyds banking unit acquisition
Former Co-operative Group chief executive Barry Tootell said he and other company executives had doubts over the capability of the mutual fund to acquire 632 Lloyds Banking Group branches for USD750 million.
Intellectual Ventures insists on high royalties for patent licenses from Symantec, Trend Micro
Intellectual Ventures (IV) wanted to collect a combined USD310 million in patent licensing fees from security firms Symantec and Trend Micro.
PBOC hosts private meeting with money dealers in light of short-term rate increase
An anonymous People's Bank of China (PBOC) official had met with local money dealers in the bank's efforts to stave off investor worry about rising short-term rates.
Judge approves tentative deal for Countrywide
Judge Mariana Pfaelzer of the US District Court of Los Angeles temporarily approves Countrywide settlement for devalued residential mortgage backed securities.
Latest News
A report from the Associated Press revealed that more US troops were taking refuge in military lipo to meet strict physical fitness requirements.
Analysts said the European Commission's approval of Actelion's lung disease drug would have potential investors bid for the Switzerland-based drugmaker.
A rival of Google Inc was not satisfied with the search giant's latest proposal to address antitrust complaints.
The Gulf region, after years of doldrums, is now on the road for recovery according to Morgan Stanley executives.
Oil service company Green Field Energy Services Inc filed for a Chapter 11 bankruptcy protection in a Delaware court.
The New York Fed was looking more closely at mortgage real estate investment trusts, according to a report from the Financial Times.
An estimated USD 28 million worth of bitcoins was confiscated by authorities from the computer hardware of Ross William Ulbricht.
Several people have come forward claiming racial profiling after purchase of luxury goods from stores resulted in detention by NYPD upon complaint by high end retail stores.
In a filing with the US Supreme Court, Argentina seek stay of payment order issued by lower court. The Argentine government had filed an urgent motion in US Appeals Court last Friday to stay the hold order requiring the government to pay USD1.
