U.S. Securities and Exchange Commission Chair Mary Jo White on Thursday defended the process her agency follows when deciding whether to grant regulatory waivers to companies that break the law, saying it is not a "knee-jerk exercise."
Johnson & Johnson sued rival drugmaker GlaxoSmithKline PLC on Thursday, alleging that Glaxo is trying to unlawfully grab market share with false advertising at the start of spring allergy season in the United States.
A U.S. bankruptcy judge on Thursday ordered an independent examiner to investigate transactions by the operating unit of Caesars Entertainment Corp, which filed for Chapter 11 this year.
Commerzbank AG (CBKG.DE) has agreed to pay U.S. authorities $1.45 billion to resolve an investigation of its dealings with Iran and other sanctioned countries as well as a separate probe of its money laundering controls, the U.S. authorities said on Thursday.
