America's Motor City files for bankruptcy due to the decline in population and financial mismanagement.
Legal & Regulatory
Federal Reserve says GMAC Mortgage will pay USD 230 million to borrowers
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.
Defense says Cohen not aware of employees' actions in SEC civil case
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.
History offers no support for Detroit; scarce with happy endings for municipal bankruptcy filings
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.
EU regulators accept Penguin's pledge to scrap Apple ebook deals
The European Commission accepted the book publisher's pledge to end its ebook deals with Apple that breached EU laws on competition.
Latest News
Two private equity funds owned by Sun Capital Advisors Inc. are held liable for an employer's withdrawal in a pension plan.
The Namibian Competition Commission has successfully handled 221 mergers and acquisitions from its inception in 2009.
Insurance companies would deal with major payouts due to Spain train crash. Allianz, an insurance company from Germany, would deal with a huge bill for compensation payments after the deadly train crash that happened in Spain.
Entrepreneurs said that the proposed SEC rule requiring private placement issuers to file solicitation materials with the SEC will result to startups raising less capital.
Authorities from Russia probed Google for possible tax evasion and privacy regulations. The Russian government initiated an investigation on the local unit of the world's most popular search engine, Google.
Yesterday, Microsoft said that it will be using a 67-year old law to fight botnets. Using a law which dates back almost 70 years, giant tech company Microsoft announced today that it will be charging forward in the industry's long battle against spam bots.
According to analysts, Apple and Samsung might strike a deal to stop the ongoing smartphone patent wars between the two tech titans.
After David Cameron's proposal of a universal block to child pornography sites, copyright owners expressed concern of the possibility of having reduced operations due to filtering.
Dwyane Wade and Siohvaughn Funches agreed on the terms of their divorce settlement. Dwyane Wade and Siohvaughn Funches agreed on their divorce settlement.
