The Merrill Lynch unit of Bank of America corp would pay USD 160 million to settle a discrimination lawsuit filed by African-American financial advisers.
Legal & Regulatory
Frankfurt court clears Deutsche Telekom of overcharging
Deutsche Telekom was cleared of any wrongdoing in lawsuit filed by Kabel Deutschland. Deutsche Telekom emerged victorious when a Frankfurt court dismissed an overcharging case filed against the telecommunications company.
Thailand to appeal Philip Morris win in tobacco case
The Thai government would be looking to appeal Philip Morris International Inc's victory in tobacco case requiring larger health warnings on cigarette packs.
Fraud claims against Schwab revive by NY appeals court
A 2009 lawsuit brought against Charles Schwab & Co Inc had been revived by a New York state appeals court.
Source says JPMorgan under pressure to settle mortgage claims
A source told Reuters that JPMorgan has bee pressured by finance authorities to settle at least USD6 billion in mortgage claims.
Latest News
The US Court of Appeals in Denver ruled for the National Credit Union Administration and allowed it to use the extender statute to pursue its claims against big banks regarding MBS.
Wal-Mart Stores Inc signed a deal to import South African wine label Seven Sisters in an agreement that ended the legacy of apartheid.
Las Vegas Sands Corp pays USD47.4 million to end federal probe on suspicious cash flow. The Las Vegas Sands Corp, operator of the Venetian and Palazzo hotel complex in Las Vegas, agreed to pay USD47.
The Hong Kong Stock Exchange would need to make a difficult decision on Alibaba's proposal to retain control after its planned IPO.
The United States would be offering loans again through its Advanced Technology Vehicle Manufacturing loan facility.
The US Federal Communications Commission said it is working with CBS and Time Warner to bring an end to the blackout that affected their consumers.
The Federal Housing Finance Agency (FHFA) had pegged USD6 billion as settlement amount for the agency to stop seeking action against JP Morgan
The US Securities and Exchange Commission called rival exchange operators Nasdaq and NYSE to give details on the three hour trading halt which occurred last week.
Jodi Arias, convicted murderer, had a few more issues up her sleeve. In a decision that has social media implications, the judge presiding over the case of Jodi Arias had postponed the date for the sentencing of convicted killer.
