Legal & Regulatory

Italy' economy minister assures the market that Italy has no policy to oppose foreign bids for domestic enterprises.

Detroit attorneys filed their case in the US Bankruptcy Court in Detroit last Friday for the city's request for bankruptcy protection.

Foreign companies in China strengthened their compliance of laws as authorities continue their antitrust and corruption probes.

Global cruise operator Carnival Corporation & plc would be investing USD180 million from its own capital in "scrubber technology" to comply with the air emission standards of the US Environmental Protection Agency (EPA).

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Bruce Bent and the Reserve Primary Fund management agreed to settle with their shareholders for USD 54.5 million.

President Uhuru Kenyatta's office said Africa's richest man Aliko Dangote would invest in a USD 400 million cement factory in Kenya.

Court papers released to the public on Friday indicated that Bank of American Corp. and Merrill Lynch & Co. would be settling on its gender bias lawsuit filed on behalf by its female brokers for USD39 million.

U.S. District Judge Denise Cote would be exposing new restrictions on its ebook retail unit and will appoint an external monitor to oversee Apple would not be violating antitrust laws.

The buyout of Onyx Pharmaceuticals was tainted with conflicts of interest and undervaluation, according to its shareholders.

EU Competition Commissioner Jaoquin Almunia said that it would discuss a state bailout for Italian bank Monte dei Paschi di Siena with the country's Economy Minister on Saturday.

Mark Thompson of NY Times accused BBC chief Chris Patten of misleading the British Parliament after large payments for the broadcaster's staff were made after they departed the firm.

Natalie Gordon, a shareholder at Verizon Communications filed a lawsuit against the company claiming that the deal with Vodafone Group Plc was overpriced.

Judge Cole issues an injunction for Apple's activities in price manipulation of ebooks. An injunction was entered last Friday against Apple by the US judge that found Apple to have conspired to control e-book prices.

Deutsche Telekom had applied for a sports betting license and is currently reviewed by the Interior Ministry of the German state of Hesse.