Recent Updates

  • 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...

  • CNET says SEC ends stock investigation

    CNET says SEC ends stock investigation

    Business Law 09/05/2007

    CNET Networks said Tuesday that the Securities and Exchange Commission ended an inquiry into the company's stock option grants. Regulators won't take any action against San Francisco-based CNET, which is a media company. CNET's founder Shelby Bonnie ...

  • Law firm files investor lawsuit against Motorola

    Law firm files investor lawsuit against Motorola

    Business Law 09/02/2007

    Another law firm has filed an investor suit against Motorola Inc., claiming executives didn’t tell the market how bad things were last fall as sales began to slow. Schiffrin Barroway Topaz & Kessler LLP filed suit last Wednesday in U.S. District ...

  • Roche wins U.S. motion in Ventana bid battle

    Roche wins U.S. motion in Ventana bid battle

    Business Law 08/23/2007

    [##_1L|1109364129.jpg|width="120" height="93" alt=""|_##]A U.S. court has granted Roche Holding AG's motion for a preliminary injunction to prevent Ventana Medical Systems Inc. from applying an Arizona anti-takeover law to defend itself against Roche...

  • TD Ameritrade, E-Trade hold merger talks

    TD Ameritrade, E-Trade hold merger talks

    Business Law 08/22/2007

    Online brokerage giants TD Ameritrade Holding (AMTD) and E-Trade Financial (ETFC) have been holding talks for weeks about a possible merger, The Wall Street Journal reported Wednesday. The discussions currently are focused on making sure both compani...

  • U.S. Fed pumps $3.5 bln into financial market

    U.S. Fed pumps $3.5 bln into financial market

    Business Law 08/20/2007

    [##_1L|1369514519.jpg|width="130" height="93" alt=""|_##]The U.S. Federal Reserve on Monday pumped 3.5 billion dollars into the financial system to help beat back a widening credit crisis. The injection was announced by the Federal Reserve Bank of Ne...

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