Samsung Heir Lee Jae-Yong is arrested for bribing South Korea's president in exchange for the government's support to a merger and possibly his succession.
After having just been told that Tesla Motors will not be selling in Missouri, the Appeals Court decides to grant the company a decision that will help them.
Argentina has re-entered the international credit markets through selling sovereign bonds. Though the country has initially set goal for raising $15 billion, but the country has already received orders for $65 billion. Details of the bond selling will be revealed on Tuesday.
After a failed bid in 2012, Bats Global Markets Inc. has witnessed success in its second phase IPO posting, a 21% increase in share price compared to IPO value. The success seems to be an encouraging effort for the other enterprises planning to go public.
UBS AG has agreed to pay $69.8 million to NCUA in settling a lawsuit centering selling of faulty residential mortgage based securities. Prior to that, Royal Bank of Scotland, Barclays, Wachovia, Morgan Stanley and other accused financial institutions have also settled respective lawsuits with NCUA. However, all the settlements have taken place through realization of incurred losses from the faulty RMBS products.
Different sources in SunEdison suggest that the renewable energy giant will file for bankruptcy possibly on Sunday. Meanwhile, TerraForm Global and TerraForm Power, two SunEdison derivatives have sought financial and legal advices to define their paths, if their parent company files Chapter 11.
Autumn Radtke, the CEO of of First Meta, an upstart company where users can buy and sell virtual currencies, like Bitcoins, was found dead by local police in Singapore on February 28 by an apparent suicide, as reported by The Wall Street Journal. Officials deemed her death as attributed to "mysterious circumstances."
New Jersey resident Josh Finkelman has sued the National Football League accusing it of pricing average football fans out of the Super Bowl, where this year's championship game will play at MetLife Stadium in East Rutherford on February 2. Finkleman says that the league has "made only 1 percent of all tickets available to the public for purchase at face value. He says that most fans must buy their tickets on the secondary market where they can command thousands of dollars."
The Target Corporation has been sued by at least 11 customers over a recent credit card security breach, which saw the details of more than 40 million cards stolen, BBC News reported. Some of the lawsuits were class-action, while at least one was seeking millions in damages
Shoppers throughout the U.S. took advantage of mega sales and discounts at all kinds of stores, as a record number of stores opened on Thanksgiving day. Black Friday, the day following the holiday is the biggest shopping day of the year in America.
SAC Capital Advisors will plead guilty "to criminal fraud charges, stop investing money for others and 1.8 billion... to resolve criminal and civil claims against the hedge fund giant."
The U.S. economy added 148,000 jobs in September as the unemployment rate dropped to 7.2 percent.
A new jobs report for September released on Tuesday "showed the economic recovery continues to be sluggish and many economists warn that the constant fiscal fights in Washington only threaten to make the situation worse," Politico reported.
Muscle Pharm, a sports supplement company owned in part by movie star and the former California Governor Arnold Schwarzenegger is being investigated by the Securities and Exchange Commission
A Texas jury found Mark Cuban, the billionaire owner of the NBA's Dallas Mavericks, not liable on Wednesday of insider trading for the sale of his stock in an Internet company in 2004, CNBC reported. Cuban had faced up to $2.5 million in fines if he had been found guilty.
BlackBerry Ltd warned on Friday that it expects to report a huge quarterly operating loss next week and that it will cut more than a third of its global workforce, which is more than 40%, or 4,500 people will soon lose their jobs
Ty Warner, the owner and founder of Ty Inc, and creator of Beanie Babies, is set to plead guilty to tax evasion after hiding millions of dollars in a secret Swiss bank account, the Justice Department announced on Wednesday.
Starbucks CEO Howard Schultz said in an interview with the Associated Press that he has asked his customers to stop bringing guns into cafes. Most states in America enable people to carry licensed guns in some way, as there are no specific policies which have banned firearms in their stores
Tina Brown, the founding editor of The Daily Beast and well known for her previous work at Vanity Fair and The New Yorker, announced her departure on Wednesday from the news online magazine. She will launch her own conference company.
