A regulatory filing by Yahoo Inc. on Thursday suggests that the tech giant has changed its employee severance plan. The new plan confirms severance payments even after acquisition of the tech giant. Analysts consider the filing as its preparation for selling entire or at least part of its core business.
Legal & Regulatory
Nuclear Regulatory Commission Approves Nuclear Reactor Start
Two nuclear reactors had been shut down but one of them will be up and running in several day and in just 2000 megawatts, it can give a million homes electricity.
FDA Releases New Standard on Manufactured Food
To uphold its mission and responsibility to keep US safe from any food contamination and other diseases relative thereto, United States Food and Drug Administration (FDA) recently issued revised food safety standards for state regulatory programs that oversee food facilities that manufacture, process, pack, or hold foods. These regulatory program standards also known as the Manufactured Food Regulatory Program Standards (MFRPS),
Apple Loses VirentX Patent Retrial; Owes Damages
In the middle of big verdict is Apple when VirentX files lawsuit for a patent case against it. Damages now are being calculated bu the courts.
New York Authorities Orders Trump's Foundation to Stop Fund Raising
Amidst of his candidacy, Donald Trump is facing verdict side by side. One of those is this matter about the issue in the registration of his foundation in New York.
Latest News
Microsoft has sued the US Department of Justice on Thursday for alleged secret intervention of the government agencies to individual’s information. Through searching secretly, the US government is violating the Fourth as well as First Amendment, alleges the lawsuit. Microsoft believes, this practice has gone too far and hence seeks court intervention to address the situation.
A US appeal court has verdict on Wednesday upholding previous ruling by the District Judge regarding lifting injunction for Argentina in entering global capital market. The ruling allows the South American nation to enter the capital market just after 15 years. It appears as a great success for the incumbent Argentine President who has come to power with promise to settle the default debt status.
Department of Justice filed lawsuit against ValueAct Capital last week, related to Halliburton and Baker Hughes merger. Meanwhile, ValueAct on Monday claimed no wrongdoing and will defend its position.
The U.S. securities and commodities regulatory agencies pushed the congress to increase their budget. They argued that more fund is needed to do their functions in the growing financial markets and technology in recent years.
Medical marijuana will be legalized after Gov. Wolf signs the bill on Sunday after the 149-46 vote in favor of marijuana legalization. However, it will take about two years before sufferers of acute ailment can get advantage of the benefits because of the several processes including regulatory and growing process.
Deutsche Bank has primarily agreed settling lawsuit centering ‘Silver Fix’ scam on Wednesday. Under the agreement, the German bank will have to count monetary penalty while helping the plaintiff investors in suits with other banks. Both the agreed parties have declined to elaborate terms and conditions for this accord.
SEC has filed a lawsuit against former ConvergEx exec Basilly on Tuesday on the allegation of defrauding traders. Prior to that, ConvergEx has admitted wrongdoing through its several units and counted penalty of $150 million to the regulators. However, his lawyer claims innocence rejecting all allegations and cites that Bassily has acted as per ConvergEx approved business model.
The largest coal miner in the US has sought protection under bankruptcy law on Wednesday ending speculations over its future. The filing has been acknowledged as the largest bankruptcy case by liabilities during this year. With this filing, a century old publicly traded company is going to shutting down its operations in the US.
GAO suggested financial regulators to disclose more information on their crisis policy framework. While five large banks do not have enough plan to manage operation during crisis.
