Lawyers of the European Union said the proposed transaction tax plan was illegal. European Union lawyers said the transaction tax plan proposed by eleven European member states was illegal.
Sectors
Investors flee emerging markets as Fed tapering looms- report
A Reuters report said that investors had started to take out their capital from emerging markets as Fed tapering loomed.
SEC meets to discuss Nasdaq system backup for processor
US regulators met with the stock exchange operators to talk about backing up the Nasdaq stock quotes processor which malfunctioned last month.
Microsoft CEO search closely-watched
The search for the new head of Microsoft would be a closely-watched development in the technology industry.
Verizon and US regulators disagree on net neutrality
Verizon, US's biggest wireless provider, argued in a US Court of Appeals for the District of Colombia that the 2011 rule on net neutrality violated its First Amendment rights.
Latest News
The two Koreas agreed to resume operations of the Kaesong industrial zone on a trial basis starting Monday.
A 52-page report commissioned by UK Education Secretary Michael Gove revealed that some private equity firms and property dealers benefited in excess from child care homes subsidized by the government.
DirecTV appoints Anthony Vinciquerra to its board of directors. DirecTV, in an announcement, appointed Anthony Vinciquerra to its board of directors. In another move, the largest satellite television provider in the United States also added another former executive from the Fox TV Networks to the board.
According to the Bloomberg Billionaire's Index, Ortega recently passed Buffett as the world's richest individual.
OGX Petroleo, Eike Batista's flagship company, may seek more financial assistance from bondholders to avoid seeking bankruptcy protection.
Petrobras, in a campaign to raise funds for its pre-salt mine exploration, had sold some of its stakes and pipelines in Colombia.
US authorities want to seize real estate properties in New York that were used to launder money from Russia.
Corporate titans in India had pledged to invest elsewhere should there would be no long-term economic reforms in place.
US Federal Trade Commission (FTC)'s Bureau of Competition cleared Honeywell International's proposed acquisition of Intermec on the condition that they license some key patents out to a competitor.
