News

French journalist Jean-Louis Moncet recanted his comments suggesting that Formula 1 legend Michael Schumacher's injuries in a skiing accident last year may have been caused by a wearable camera made by GoPro Inc.

Indian generic drugmaker Ranbaxy Laboratories Ltd said it has agreed to pay $39.75 million to settle litigation concerning its participation in Texas Medicaid, the U.S. federal-state healthcare program for people with low incomes.

The U.S. Federal Reserve will meet next week to adopt a rule requiring that banks keep some risk on their books when they sell loans, addressing a crucial issue that helped set off the 2007-09 credit crisis.