Pennsylvania, the last northeastern state to prohibit gay marriage, will let a judge’s ruling end the ban without a fight as Gov. Tom Corbett follows others in conceding court losses.
Read More »U.S. charges 5 Chinese officers with hacking U.S. companies
The U.S. charged five Chinese military officials with economic espionage and other offenses linked to computer hacking of U.S. nuclear power, metals and solar industries.
Read More »GM to pay record $35 million fine on ignition-switch recall
General Motors Co. will pay a record $35 million fine as part of the U.S. government’s investigation into how it handled the recall of 2.59 million small cars over faulty ignition switches, the Transportation Department said.
Read More »Net neutrality an oxymoron as FCC decides winners and losers
Federal Communications Commission Chairman Tom Wheeler Thursday said “the prospect of a gatekeeper choosing winners and losers on the Internet is unacceptable.”
Read More »SAC Capital hedge fund manager Steinberg gets 3 1/2 year term
Former SAC Capital Advisors hedge fund manager Michael Steinberg was sentenced to 3 1/2 years in prison for insider trading, capping one of the biggest victories for prosecutors who spent seven years investigating the hedge fund and its boss, Steven A. Cohen.
Read More »CFTC reviewing U.S. banks’ overseas trading for possible evasion
The Commodity Futures Trading Commission is reviewing U.S. banks’ steps to restructure overseas swap trading as part of an examination of whether the companies might be evading Dodd-Frank Act rules.
Read More »Senators vow more work on Fannie-Freddie after vote on bill
Members of the U.S. Senate Banking Committee said they’d keep working to overhaul the housing-finance system after casting a narrow vote to advance a bill that would wind down Fannie Mae and Freddie Mac.
Read More »U.S. said to seek more than $3.5 Billion in BNP sanctions case
U.S. authorities are seeking more than $3.5 billion from BNP Paribas SA to settle federal and state investigations into the lender’s dealings with sanctioned countries including Sudan and Iran, according to people familiar with the matter.
Read More »Buffet: SEC pay disclosure rule harms investors
Warren Buffett, the world’s third-richest man, said requiring disclosure of more executives’ salaries could hurt shareholders.
Read More »Education Department probing 55 colleges for sexual assault
The U.S. Education Department is investigating 55 colleges for failing to prevent and respond to sexual assaults and harassment on campus.
Read More »Criminal charges against banks run risk of sparking new crisis
As U.S. Justice Department prosecutors angle to bring the first criminal charges against global banks since the financial crisis, they’ll have to stare down warnings of uncontainable collateral damage.
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