Federal Reserve must dissolve bond-buying program quickly, according to Richmond Fed leader Jeffrey Lacker.
Legal & Regulatory
Samsung appoints new African CEO, boosts capital spending
Samsung appointed a new African CEO and boosted capital spending. There were several notable events in Samsung recently. One of which was appointing a new CEO for Africa.
FTC updates ad guidelines, warns Google, Yahoo, Microsoft
The US FTC updated its 2012 advertising guidelines and sent a letter warning Google, Yahoo, Microsoft, and other internet search companies to follow or be fined.
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.
Latest News
Senate, backed by President Barack Obama and Education Secretary Arne Duncan, approved the bipartisan deal that would reverse spike in student interest loans.
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.
