A Braunschweig-based court issued its decision to take the Eur2 billion damages lawsuit against Porsche SE to a specialized court.
Legal & Regulatory
PwC Reports Payout to Lehman Bros Europe Creditors
PricewaterhouseCooper, the administrators over the Lehman Brothers Europe post 2008, has announced the payout of a partial sum for unsecured creditors.
Chinese firms investigated for fraud as IPOs are halted
Chinese security agency CSRC halted the upcoming IPO of Tianfon as part of its anti-fraud campaign. (Photo : Reuters)The Chinese flag waiving in front of rising business sectors The government of China is reported to have started its investigation of Everbright Securities Co.
Vimpelcom's Orascom Withdraws Bid For Wind Mobile
Orascom, the subsidiary of Vimpelcom, had withdrawn its bid to gain majority interest in Wind Mobile.
Alpine Bau declares insolvency
The Austrian construction group Alpine Bau claims insolvency, and stands to be the largest ever in Austrian history.
Latest News
Two US legislators urge the Obama administration to carefully review the American-US Airways Deal as flight prices might go up or customer service might deteriorate.
Vale SA is preparing for the imposition of new royalties charges for mining in Brazil. (Photo : Reuters)The image is the corporate logo of Vale SA of Brazil.
Tom Hayes, former trader at UBS AG and Citigroup Inc. was charged into manipulation of London interbank offered rate.
Sprint Nextel sued Dish on Monday after stating that its rival company violated the Delaware law. (Photo : REUTERS/Keith Bedford)People talk on their cell phones as passers-by walk past a Sprint store in New York.
Orchard Supply Hardware Stores Corp filed Chapter 11 bankruptcy protection to proceed with the sale of the company's major assets to Lowe's Companies priced at US$205 billion.
Stephane Richard, CEO of France Telecom will face his fate to whether or not retain his position from the company's board after being charged with fraud at his previous office.
Dole Food Corp board of directors to be investigated for allegations of breach of fiduciary duties and other violations.
Pope Francis, in the bid to reform the Vatican bureaucracy, appoints Monsignor Ricca to manage the Vatican Bank.
The bond market is awaiting the Federal Reserve Bank decision on quantitative easing. (Photo : Reuters)The image is the facade of the Federal Reserve Bank.
