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business news

Walmart to Pay $81.6 million for Dumping Toxic Waste

Walmart pled guilty on Tuesday to improperly dumping hazardous products from its stores in Missouri and California. The chain was…

Judge Finds Abercrombie & Fitch’s Hollister Stores Guilty of Discrimination

Abercrombie & Fitch was found by a judge to have failed in providing adequate facilities for the disabled, and will…

Simpson Thacher & Bartlett to Advise Yahoo! on Tumblr Purchase

Simpson Thacher & Bartlett will be advising Yahoo! in their recently announced purchase of social blogging platform Tumblr. The deal,…

Background Checks for Guns

According to The Huffington Post, there are senators in several states who voted in early April 2013 to not increase…

Facebook Loses Users

According to The Guardian, Facebook is losing users in the social media universe. Newer social media sites like Path and…

New York Drops Damages Claim In Suit Against Former AIG Chief Maurice Greenberg

In their civil suit against former American International Group CEO Maurice Greenberg, the office of the New York Attorney General…

Fisker Misses $10 Million Payment, so U.S. Takes $21 Million

The U.S. Department of Energy took a risk on Fisker Automotive and lost; it granted a $529 million loan to…

Fisker Automotive Inc. Closing in on Bankruptcy

The manufacturer of plug-in hybrid sports cars, Fisker Automotive Inc., is preparing to file for bankruptcy protection, according to The…

Trial Resumed Monday in Macy’s, J.C. Penney, Martha Stewart Case

Due back in court today were Macy's Inc and J.C. Penney Co Inc in relation to their legal fight over…

MF Global Presenting Bankruptcy Exit Plan to Court

On Friday, MF Global Holdings will ask for court approval of a liquidation plan for its assets and repayment of…

Chevron Subpoena for Documents Rejected by Judge

U.S. Magistrate Judge Nathanael Cousins rejected the efforts by Chevron Group to secure documents related to a California environmental advocacy…

Lawsuit Filed by Patricia Cohen Revived by Appeal

A lawsuit filed by the former wife of Steven A. Cohen, the founder of hedge fund SAC Capital Advisors, has…