After raising its bid to €7.5 billion ($9.7 billion), Spain's Telefonica SA has triumphed in its quest to gain control of its wireless joint venture with Portugal Telecom in Brazil.
A federal appeals court has tossed the conviction on money laundering charges of a former National Century Financial Enterprises Inc. executive and ordered a resentencing, ruling that the government had not sufficiently made its case as to those claims.
Wage-and-hour suits are descending on the Hamptons hospitality industry like a horde of sweaty New Yorkers, and attorneys say the rise in litigation against the vacation spot's restaurants is sure to endure well past Labor Day.
DMX Inc., a provider of background music services for restaurants, bars, hotels, retailers and other businesses, has won an adjustable fee blanket license from performing rights organization Broadcast Music Inc. that purportedly justifies its strategy of directly negotiating with music publishers.
The most onerous and controversial portions of Arizona's tough new immigration law, including one that would make it a crime for an illegal immigrant to apply for jobs, were preliminarily enjoined Wednesday by a federal judge after the U.S. challenged the legality of the statute.
A federal judge has reinstated a putative class action alleging Sanofi-Aventis SA deceived investors about the blockbuster prospects of its weight loss drug Zimulti, which never made it to market in the face of evidence tying the drug to suicide risks.
The former director of sales for Taiwan-based Chi Mei Optoelectronics Corp. has agreed to plead guilty and serve time in prison for conspiring to fix the prices of thin film transistor liquid crystal displays, the U.S. Department of Justice said Wednesday.
The U.S. Court of Appeals for the Federal Circuit has affirmed a lower court's finding that one of Eli Lilly & Co.'s patents for cancer treatment Gemzar is invalid for double-patenting, in a dispute with Sun Pharmaceutical Industries Ltd. over a proposed generic version of the drug.
For the second time this week a state appeals court has affirmed the dismissal of a suit over Wyeth Inc.'s fen-phen, this time finding that the plaintiff could not prove causation because she did not actually suffer from one of the drug's nondisclosed risks.
A federal jury on Tuesday found former Morgan Crucible Co. PLC CEO Ian Norris guilty of conspiring to obstruct justice during a grand jury investigation into price-fixing in the carbon products industry.
The U.S. Senate on Tuesday fell short of the 60 votes needed to move forward with legislation responding to the U.S. Supreme Court's Citizens United decision with new limits and disclosure rules on corporate spending in federal elections.
General Electric Co. will pay $23.5 million to settle U.S. Securities and Exchange Commission allegations that it bribed Iraqi agencies to win contracts under the United Nations Oil-for-Food program.
BP PLC is under investigation by the U.S. Department of Justice and the Securities and Exchange Commission for possible securities violations in relation to the Deepwater Horizon disaster, the oil giant revealed Tuesday along with a shake-up in its leadership.
The examiner probing The Tribune Co.'s bankruptcy has said projections of financial solvency that underpinned real estate mogul Sam Zell's $8.3 billion leveraged buyout of the company in 2007 were "marred by dishonesty."
Wells Fargo & Co. has agreed to pay former and current home mortgage loan consultants $20 million to resolve a Fair Labor Standards Act collective action alleging the bank misclassified the employees as exempt from overtime wage requirements.
A federal judge has refused to dismiss a putative antitrust class action accusing Charter Communications Inc. of violating the Sherman Act by forcing customers to rent a cable set-top box as a condition of receiving premium cable service.
The federal judge overseeing multidistrict litigation alleging Philip Morris USA Inc. fraudulently marketed its “light” cigarettes has cleared the way for the plaintiffs’ unjust enrichment claims and other requests for equitable relief to proceed.
The U.S. International Trade Commission has found Nvidia Corp. and several of its customers liable for infringing three Rambus Inc. patents in a hotly contested dispute over technology for memory controllers.
The state of Texas filed a petition Monday fighting the U.S. Environmental Protection Agency's rejection of a 16-year-old permitting program that allowed companies to lump pollution from multiple sources under a single cap.
The U.S. trustee for Washington Mutual Inc. on Monday appointed veteran bankruptcy examiner and McKenna Long & Aldridge LLP partner Joshua R. Hochberg to conduct a probe into a contested settlement between the bank, JPMorgan Chase & Co. and the Federal Deposit Insurance Corp.