SoftBank and Sprint are closing in on a decision over whether to pursue a blockbuster merger with rival T-Mobile, while red-hot Carlyle is considering making a run at a Spanish food company.
The estates of 46 people killed in a train derailment objected Tuesday to the appointment of Paul Hastings LLP as counsel for an official victims committee in Montreal Maine & Atlantic Railway Ltd.’s bankruptcy, saying the firm's representation of World Fuel Services Corp. created a conflict of interest.
A travel package tour operator claims Amtrak and a booking agency violated antitrust laws by paying a rival company a commission on ticket sales while cutting others out of the market, according to a suit filed in Illinois federal court Wednesday.
The Second Circuit on Wednesday revived a False Claims Act suit that accuses DHL Express of overcharging for shipping costs on its government contracts, finding that a federal 180-day time limit for raising shipping-rate disputes did not apply to FCA suits.
The U.S. Department of Transportation on Tuesday proposed fining three oil companies a combined $93,000 for allegedly misidentifying Bakken Shale crude oil slated for rail transport, part of the agency’s probe of growing oil-by-rail activity that has grabbed recent headlines for several fiery derailments.
The Department of Commerce renewed anti-dumping and countervailing duties against certain Chinese off-road tires challenged before the U.S. Court of International Trade, saying Tuesday that revoking the tariffs would result in a recurrence of the unfair trade practices the tariffs were meant to remedy.
An Illinois federal judge tossed a putative class action Tuesday against United Airlines Inc. and a pilots union by airline pilots challenging a new union agreement resulting from United's merger with Continental Airlines, holding that the dispute would require arbitration under the Railway Labor Act.
Florida Gov. Rick Scott on Tuesday announced $325 million for aviation improvements, including runway and concourse improvements at several of the state's airports, as part of his proposed budget for the coming fiscal year.
Much will be at stake for workers at Volkswagen AG's Chattanooga, Tenn., plant when they vote next week on whether they want the United Auto Workers to represent them, but experts say even more is at stake for the union, which is hoping to get a toehold in a part of the U.S. long resistant to unionization efforts and to establish a new, more cooperative organizing model.
The Ninth Circuit on Tuesday refused to revive a putative class action challenging Southwest Airlines Co.'s $1.4 billion merger with AirTran Holdings Inc., ruling that the consumers had no evidence to show they were harmed by the deal.
The Port Authority of New York & New Jersey on Tuesday released a 10-year, $27.6 billion proposed capital plan outlining future infrastructure spending, including $8 billion in upgrades to two of the New York City metro area's major airports.
Liberty Global is inching toward another deal on its quest to grow through high-profile acquisitions, while Blackstone is in the running for a coveted stake in high-end fashion mainstay Versace.
A California judge on Monday vacated a $178 million award for plaintiffs in a wrongful death suit against a trucking company over a crash that killed a couple and their child, finding the verdict excessive and ordering a new trial.
Helicopter leasing company Lobo Leasing Limited said Tuesday it is receiving a $200 million equity capital investment from a Blackstone Group LP unit to expand its worldwide leasing business, which targets the energy and health care industries.
A Louisiana jury on Friday found that American Honda Motor Co. Inc. was not liable for the death of a man who was driving a Honda sedan when he was involved in a fatal accident in 2004, rejecting the plaintiffs' contention that the vehicle had a defective seatbelt.
Workers in a 3,200-employee Volkswagen AG plant in Tennessee will soon vote on whether the United Auto Workers union can move forward with a global union representation plan negotiated between itself and Volkswagen Group of America, the UAW announced Monday.
Nearly 100 litigators were chosen by corporate counsel as being the most client-friendly thanks to their commitment to understanding business’ needs and goals and finding the right solution to problems that can seem to have many possible answers.
A New York federal judge has given preliminary approval to a pair of settlements totaling just over $207 million allowing Korean Air Lines Co. Ltd. and Singapore Airlines Ltd. to exit an antitrust class action alleging a conspiracy to manipulate prices of freight shipping, bringing the total settlements in the case to nearly $700 million.
Japan's Aisan Industry Co. Ltd. on Monday agreed to pay $6.86 million and plead guilty for fixing prices on electronic throttle bodies in cars, becoming the 25th company to be charged in the U.S. Department of Justice's ongoing antitrust probe into the auto parts industry.
Jos. A. Bank is pursuing acquisitions of its own after sharply rejecting a $1.6 billion takeover bid from Men's Wearhouse, while Lenovo will not get a slice of Sony despite recent success in other pickup plays.