Legal & Regulatory
First outsider CEO leaves Siemens
Peter Loescher, the first outsider to lead the company will be leaving Siemens soon. Peter Loescher, chief executive of Siemens and the first outsider to lead the company, will be leaving the company four years ahead of his end of contract.
Google loses bid to delay UK trial until after a probe from EU
Google lost its proposal to delay the proceedings regarding a London antitrust case filed by Foundem.
IMF abandons plan to seek out Supreme Court for Argentina legal battle
The International Monetary Fund forgoes Managing Director Lagarde's recommendation due to lack of United States support.
Detroit court judge overrules charges against governor, emergency manager
Bankruptcy court judge suspends charges made by employees and pension holders to bring focus of the case back into Detroit courtroom.
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China and the European Union have agreed on a trade price and concluded a six-week dispute over Chinese solar panels.
France takes legal steps to ban sales of new Mercedes models in line with ongoing dispute about harmful refrigerant.
The U.S. government cracks into the insider trading world by weeding out suspects one by one but is it enough?
Billionaire Steven Cohen's hedge fund pleaded not guilty to five separate criminal charges in federal court.
Fabrice Tourre, former Goldman Sachs junior executive, contested the charges against him when he took the stand on Wednesday.
The Federal Reserve said that Ally Financial Inc.'s GMAC Mortgage will pay a total of USD 230 million to borrowers as settlement for handling foreclosures improperly.
SAC Capital Advisors' CEO Steven A. Cohen's lawyers will contend he does not have time to look into each of his employees activities to argue his lack of liability over a civil complaint.
Local governments that filed for Chapter 9 did not exactly have happy endings. Detroit officials may be hopeful that their Chapter 9 bankruptcy filing will ultimately strengthen their economy, but history has shown otherwise.
The European Commission accepted the book publisher's pledge to end its ebook deals with Apple that breached EU laws on competition.
William Hague said that he is calling for a reform in the European Union competences. UK foreign secretary, William Hague, called for a reform to decentralize power in the European Union for the benefit of all of its members, not just Britain.