The House Committee on Oversight and Government Reform has opened an investigation into claims that Wyeth Pharmaceuticals Inc. targeted blacks in an illegal off-label marketing scheme for kidney transplant drug Rapamune.
Blockbuster Inc. is reportedly seeking new loans, including up to $150 million in debtor-in-possession financing, to smooth out its finances and possibly prepare for a Chapter 11 filing.
The U.S. Supreme Court has agreed to take up the question of whether drug companies have to disclose all reports of adverse events linked to a particular drug to shareholders, in a case accusing Matrixx Initiatives Inc. of concealing from investors reports claiming that the cold medication Zicam caused users to lose their sense of smell.
The former chief operating officer of defunct Florida law firm Rothstein Rosenfeldt Adler PA pled guilty Friday for her role in disgraced former attorney Scott W. Rothstein's $1.2 billion Ponzi scheme.
The U.S. International Trade Commission voted Friday to proceed with a Section 337 investigation into whether Apple Inc.'s imports of iPhone, iPad and iPod products infringe five of HTC Corp.'s patents covering hardware and software used in portable electronic devices.
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Casey’s General Stores Inc. is fighting back against the $1.9 billion hostile takeover bid made by Alimentation Couche-Tard Inc., accusing the Canadian convenience store chain in a lawsuit of engaging in an “egregious market manipulation scheme” to deflate the price of Casey's.
The U.S. Securities and Exchange Commission has reached a settlement with a securities trader accused of participating in a so-called squawk box insider trading scheme at A.B. Watley Group Inc.
The U.S. House of Representatives has sent President Barack Obama a bill that would authorize the advance payment of claims of up to $100 million each from the Oil Spill Liability Trust Fund for companies, agencies and individuals affected by the ongoing BP PLC oil spill.
BlackBerry maker Research In Motion Ltd. and Motorola Inc. announced a deal Friday to end their bitter, long-running feud in federal courts and the U.S. International Trade Commission over RIM's alleged infringement of a range of Motorola patents.
Federal regulators on Thursday pounced on an alleged $300 million Ponzi scheme run by the owners of Syndicated Gold Depository SA and numerous associates, including two Florida attorneys, that duped thousands of investors in a sham gold mining operation.
A federal grand jury has indicted Kenneth Ira Starr, a financial adviser to numerous celebrities and high-net-worth individuals, on 22 criminal fraud charges and one count of money laundering associated with an alleged $59 million scheme to siphon funds away from his clients.
The U.S. Senate on Thursday rejected a resolution that would have blocked the U.S. Environmental Protection Agency from regulating greenhouse gas emissions under the Clean Air Act, though more challenges to the agency's authority may be on the way.
U.S. antitrust authorities are reportedly considering a probe into whether Apple Inc.'s ad policies for applications designed for its popular iPhone, iPod and iPad devices unfairly limit Google Inc. and other rival technology companies' access to that advertising market.
A federal grand jury in San Francisco has returned a superseding indictment against AU Optronics Corp., charging the Taiwanese thin-film transistor liquid crystal display panel producer, a U.S. subsidiary and six executives with participating in a $500 million price-fixing scheme.
The U.S. Securities and Exchange Commission said Thursday that stock exchanges and the Financial Industry Regulatory Authority will have to develop a circuit breaker mechanism for stocks in a bid to prevent a repeat of the wild stock market gyrations of May 6.
General Electric Co. is pulling roughly 181,000 front-loading washing machines from the market due to potential fire and shock hazards, the company and the U.S. Consumer Product Safety Commission announced Thursday.
The U.S. Securities and Exchange Commission is reportedly ramping up a probe into another complex mortgage-backed deal crafted by Goldman Sachs Group Inc., on the heels of a civil suit filed against the financial giant in April over a separate agreement.
The U.S. Court of Appeals for the Federal Circuit has ordered a rehearing of arguments in two semiconductor patent cases involving Rambus Inc., which was accused of improperly destroying documents prior to the litigation.
In the wake of Toyota Motor Corp.'s recalls over faulty break systems, a U.S. Senate committee on Wednesday approved a bill that would require carmakers to meet new safety standards and would double funding for the federal agency overseeing automobile safety.