Standard & Poor’s asked a federal judge on Monday to dismiss a U.S. Justice Department civil suit against the rating agency, arguing the government’s case is based on vague statements that cannot be used to prove fraud. In a $5 …
Halliburton Co. is in talks to settle private claims against it in a trial to determine how blame should be shared for the 2010 Gulf of Mexico spill, the company said on Monday, and it took a $1 billion pretax …
News Corp. on Monday said it recovered a $139 million in insurance proceeds in a settlement with shareholders over the board of directors’ actions related to the company’s phone hacking scandal and its acquisition of Shine studios. The company said …
Torrential downpours across a broad swath of the U.S. Midwest this week are easing the worst drought in more than 50 years, flooding streams, snarling river transportation, stalling corn plantings – and changing the outlook for the American farm economy …
A federal appeals court ruled in favor of American International Group Inc by concluding that the insurer’s $10 billion lawsuit against Bank of America Corp over mortgage losses belongs in state court, not federal court. The 2nd U.S. Circuit Court …
U.S. farmers want a new reform-minded farm law even if it means the end of a popular $5 billion-a-year subsidy that is paid regardless of need, the president of the largest U.S. farm group said on Sunday. “There’s a great …
Facebook’s Instagram photo sharing service has been hit with what appears to be the first civil lawsuit to result from changed service terms that prompted howls of protest last week. In a proposed class action lawsuit filed in San Francisco …
A controversial genetically engineered salmon has moved a step closer to the consumer’s dining table after the U.S. Food and Drug Administration said Friday the fish didn’t appear likely to pose a threat to the environment or to humans who …
While banks appear to be brushing off record fines for rigging interbank interest rates, investors are starting to worry about a rising tide of civil lawsuits from disgruntled customers. UBS shares touched 18 month highs after U.S., Swiss and British …
Fine art insurers face claims of up to half a billion dollars, their biggest ever payout, to compensate the owners of artwork destroyed when Superstorm Sandy flooded galleries in New York. Work by 1960s graphic artist and illustrator Peter Max …
