Legal & Regulatory
Apple is facing a May 2014 trial on e-book damages
US District Judge Denise Cote scheduled a May 2014 trial for Apple to determine damages. On Wednesday, a court order said US District Judge Denise Cote scheduled a May 2014 trial for Apple to determine damages.
Soros adds 2 million shares to JC Penney portfolio, others exit
George Soros added another 2 million shares to his JC Penney portfolio while other investors exited or reduced their holdings.
AMR goes back to the drawing board, investors suffer if antitrust case succeeds: sources
Sources told Reuters if the government's anti-trust case against the AMR-US Airways merger prospers, AMR would have to go back to the drawing board and investors would suffer.
Ex-JP Morgan employees indicted in USD6 billion trading loss
Two traders formerly employed by JP Morgan were charged by federal prosecutors relating to the bank's USD6.2 billion loss in the derivatives trade.