Former Federal Reserve Chairman Ben Bernanke said on Friday that he was hesitant to bail out American International Group (AIG.N) in 2008, but he was primarily concerned that the insurer "was on the brink of default" and not about punishing AIG.
Extendicare Health Services Inc has agreed to pay $38 million to the U.S. government and eight states to settle allegations that it billed Medicare and Medicaid for substandard nursing care and unnecessary rehabilitation therapy.
A high-profile patent spat over noise cancelling headphones between Bose Corp and Beats Electronics ended on Friday with the two sides settling the case out of court.
Mobile messaging company Snapchat blamed third-party software apps for possible security lapses that may have led to its users' private photos being at risk of online publication by hackers.
