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business news

MetroPCS Sends Letter to Shareholders Asking Them to Back Merger

In a letter sent to shareholders, MetroPCS has asked that its shareholders support the proposed merger with T-Mobile USA, according…

Omnicare Securities Litigation Win

According to Reuters, Omnicare, Inc., a provider of medication, won a dismissal in a securities lawsuit, In Re Omnicare Inc.…

One Million BlackBerry 10 Phones Sold in Fourth Quarter

On Thursday, Research In Motion Ltd. (RIM) announced that it sold one million new BlackBerry 10 phones, according to The…

Investor Lawsuit Against Boeing Has Dismissal Upheld

The 7th U.S. Circuit Court of Appeals ruled on Tuesday to uphold the dismissal of a case by a lower…

Bottom 90 Percent of Americans Saw Income Grow by $59 Over 40 Years

David Cay Johnston, for Tax Analysts, found that the income for the bottom 90 percent of Americans increased by just…

BlackBerry to Release Fourth Quarter Numbers Thursday

BlackBerry is set to announce its first quarterly numbers since the release of its newest line of phones, according to…

Dell Sale Could Involve Carl Icahn and Blackstone Group

On Monday, backroom negotiations were supposed to start after Dell Inc invited investor Carl Icahn and Blackstone Group to make…

Medical Liability Reform

According to CNBC, medical liability reform legislation is awaiting intense discussions later this 2013. The Health Coalition on Liability and…

U.S. Supreme Court Hearings on Drug Company Settlements

Reuters reported the U.S. Supreme Court is beginning hearings on arguments during the last week of March 2013 in a…

JPMorgan and MF Global Inc. Trustee Settle for $546 Million

Reuters reported JPMorgan Chase & Co, a financial services firm, settled for $546 million with the trustee of MF Global…

Citigroup Agrees to Settlement Worth $730 Million

It was announced on Tuesday that Citigroup Inc will pay $730 million to settle a class action lawsuit filed on…

SAC Capital Advisors to Pay $615.7 Million in SEC Insider Trading Settlement

The firm for Steven A. Cohen is going to pay $615.7 million to settle charges that the firm improperly traded…