The lead prosecutor on pending criminal cases against two former JPMorgan Chase & Co traders involved in the "London Whale" scandal is leaving Manhattan U.S. Attorney Preet Bharara's office to join a prominent defense firm, according to a statement from the firm viewed by Reuters in advance of its public release.
Herbalife Ltd won preliminary court approval of its $15 million settlement of class-action litigation accusing the maker of weight loss and nutritional products of being a "pyramid scheme" that misleads distributors about how much money they can make.
Japan's powerful industry ministry has summoned Shigehisa Takada, chairman and CEO of Takata Corp, to explain what the company is doing to resolve a crisis over potentially deadly air bags, two people with knowledge of the matter told Reuters.
A coalition of 17 U.S. states sued the Obama administration on Wednesday saying it acted illegally by issuing an executive order to ease the threat of deportation for millions of immigrants who are in the country without the proper documents.
