Michael Carsley, a US fund manager, has informed an Australian court that he intends to drop a case against a horse betting club in the country that seeks to get back his losses, Bloomberg reported.
Legal
Volcker Rule forces executives of bank-backed private equity firm to travel in search for deals
As banks shed off their private equity units to comply with the Volcker Rule, the executives of these newly-independent firms will find themselves doing more travel in their search for new investors, The Wall Street Journal reported.
Rengan Rajaratnam asks US court to dismiss charges of insider trading
Rengan Rajaratnam, the younger brother of Galleon Group Founder Raj Rajaratnam, has asked the US District Court in New York to dismiss charges of insider trading filed against him last year, Reuters reported.
Silk Road operator gets November 3 trial date for online drug case
Alleged Silk Road operator Ross William Ulbricht will have a November 3 trial date after pleading not guilty in a Manhattan federal court, Bloomberg reported.
FISC okays two of President Barack Obama's proposed changes to NSA surveillance
The Foreign Intelligence Surveillance Court has approved two of President Barack Obama's proposed changes on the National Security Agency's surveillance of US telecommunications, VentureBeat reported.
Latest News
In a bid to show that their participation in the surveillance efforts of the government was limited, Facebook, Microsoft, Yahoo and Google started to publish details on the number of government requests for data, Reuters reported.
The hearing held by New York State banking regulator Benjamin M. Lawsky points to more regulation in Bitcoin's future, The New York Times The Dealbook reported.
Palo Alto, US-based legal search and analytics startup Ravel Law raised $8.1 million in funding to build a tool that will help lawyers cut research time and cut costs, according to an exclusive report by VentureBeat.
According to Central Bank of the Philippines Governor Amando Tetangco, the policy of increasing rates to cope with volatile currencies set in place by fellow emerging markets would be more harmful, the Financial Times reported.
It may still be the first two months of the 2014 but redesigning Apple's iPad is probably the regulatory overreach of the year committed by the Federal Trade Commission, The Wall Street Journal reported.
The Committee on Foreign Investment in the United States or Cfius is expected to thoroughly scrutinize the $2.9 billion acquisition of Motorola's handset business by Chinese technology firm Lenovo.
Apple Inc is facing claims amounting to $840 million from state attorneys general and plaintiffs, which included consumers, in lawsuits related to the pricing of electronic books, Bloomberg reported.
San Francisco, US-based social media giant Twitter decided to buy more than 900 patents from American multinational tech firm IBM to settle patent infringement claims against it, with the two companies forming a patent cross-licensing agreement.
The Center for Health Program Management and its funding partners which include Sierra Health Foundation, The California Endowment and The California Wellness Foundation gave a grant of $1.6 million to four counties to support the Positive Youth Justice Initiative.
