Two Senate Democrats want to force U.S. companies to pay an exit tax on any profits held overseas if the companies decide to reincorporate abroad to cut their tax bills, the latest in a slew of proposals to stem such "inversion" deals.
A federal judge in Manhattan on Friday ordered discovery to begin for some cases filed against General Motors Co (GM.N) in connection with its recall of millions of cars for a faulty ignition switch.
A U.S. appeals court on Friday dismissed an appeal by Citigroup Inc (C.N) and Argentina of a judge's order blocking the bank from processing payments on $8.4 billion in bonds issued under the country's local laws following its 2002 default.
An American recently sentenced to six years hard labor by a North Korean court pretended to have secret U.S. information and was deliberately arrested in a bid to become famous and meet U.S. missionary Kenneth Bae in a North Korean prison, state media said on Saturday.
