Recent Updates

  • GE to close some plants in Brazil

    GE to close some plants in Brazil

    Business Law 10/07/2007

    General Electric Co. said Thursday it will close a number of lighting plants in Brazil and the U.S. as part of a plan to restructure its consumer and industrial division, potentially cutting more than 1,400 jobs in the process. GE Consumer & Indu...

  • Ford struggling to win back sales, share

    Ford struggling to win back sales, share

    Business Law 10/03/2007

    Ford Motor's biggest rival, General Motors, has a tentative contract deal with the United Automobile Workers union and relatively stable sales. Ford has neither. Sales at Ford fell 18.2 percent in September, closing out its 2007 model year on a disap...

  • Credit crisis strikes UBS, Citi, Credit Suisse

    Credit crisis strikes UBS, Citi, Credit Suisse

    Business Law 10/01/2007

    [##_1L|1287098335.jpg|width="128" height="81" alt=""|_##]The credit crisis struck at the heart of the global financial industry on Monday as Swiss bank UBS AG said it faced a shock loss in the third quarter and Citigroup warned its profits had collap...

  • Qualcomm Hires Apple Lawyer; Apple Taps Oracle Lawyer

    Qualcomm Hires Apple Lawyer; Apple Taps Oracle Lawyer

    Business Law 09/28/2007

    [##_1L|1017122082.jpg|width="120" height="138" alt=""|_##]Qualcomm Inc., the second-biggest maker of chips that run mobile phones, named Apple Inc. general counsel Donald Rosenberg as its new top lawyer to help defend a series of patent and antitrust...

  • Disney Will Shut Down Cellphone Service

    Disney Will Shut Down Cellphone Service

    Business Law 09/28/2007

    [##_1L|1111371765.jpg|width="69" height="80" alt=""|_##]A year after shuttering its ESPN cellphone company, Walt Disney Co. said it is closing its Disney cellphone service. Walt Disney launched Mobile ESPN and Disney Mobile last year as mobile virtua...

  • Wal-Mart expands $4 prescription drug program

    Wal-Mart expands $4 prescription drug program

    Business Law 09/27/2007

    Wal-Mart Stores Inc said on Thursday it has added more medicine to its $4 prescription program, including certain new generic drugs, as part of its push to expand its health and wellness services.The world's largest retailer said it will make availab...

  • Mutual-Fund Suit Vs Citigroup Dismissed

    Mutual-Fund Suit Vs Citigroup Dismissed

    Business Law 09/27/2007

    [##_1L|1062093828.jpg|width="120" height="88" alt=""|_##]A federal judge in New York on Wednesday dismissed a lawsuit against Citigroup Inc. that alleged it didn't disclose to mutual-fund customers millions of dollars in savings allegedly pocketed by...

  • Vonage Gets Another Black Eye

    Vonage Gets Another Black Eye

    Business Law 09/26/2007

    [##_1L|1394250783.jpg|width="120" height="138" alt=""|_##]For Vonage, things have gone from bad to worse. On Sept. 25, a jury found that Vonage infringed on Sprint Nextel's patents. It asked Vonage to pay $69.5 million in damages and a 5% royalty rat...

  • Fed's Bernanke predicts further mortgage turmoil

    Fed's Bernanke predicts further mortgage turmoil

    Business Law 09/20/2007

    More delinquencies and foreclosures can be expected in the subprime, adjustable-rate mortgage market as borrowers face interest-rate resets, Federal Reserve Chairman Ben Bernanke said Thursday. In testimony to the House Financial Services Committee, ...

  • Investors await Fed decision on rate cut

    Investors await Fed decision on rate cut

    Business Law 09/18/2007

    Federal Reserve policymakers opened a long-awaited meeting on interest rates Tuesday amid expectations of a move to revive a sputtering economy, but with some arguing against a return to easy-money conditions blamed for the problems.The Federal Open ...

  • FCC Adopts Three-year “Dual Carriage” Requirement

    FCC Adopts Three-year “Dual Carriage” Requirement

    Business Law 09/17/2007

    The FCC last night, after a daylong struggle to reach consensus, took several actions of significance to cable operators and programmers.  First, the FCC adopted rules that it characterized as necessary to ensure that cable subscribers with anal...

  • EU court rejects Akzo confidentiality complaint

    EU court rejects Akzo confidentiality complaint

    Business Law 09/16/2007

    [##_1L|1072399082.jpg|width="130" height="132" alt=""|_##]The European Union's second highest court on Monday dismissed Akzo Nobel's complaint against the European Commission over seized documents the firm claimed were covered by lawyer-client confid...

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