Boeing’s 737 was cleared to fly passengers again by US regulators last year, having been grounded following two catastrophic accidents. Since then, however, a number of potentially serious problems have been reported during 737 Max flights.
Goldman Sachs has been fined $800,000 by a US regulator for “failing” to ensure that trades in its dark pool took place at the best price.
The regulator said more than 395,000 trades were executed in the bank’s Sigma X dark pool at an inferior price during an eight-day period in 2011.
But it added that Goldman was “unaware” of the issue at the time
The US Supreme Court has denied an appeal by Microsoft against a $290m verdict for infringing a small Canadian company’s patent.
The company, i4i, sued Microsoft in 2007, saying it owned the technology behind a text manipulation tool used in Microsoft’s Word application.
The technology gave Word 2003 and Word 2007 users an improved way of using a document’s contents
New York State’s attorney general has threatened to sue Merrill Lynch for misrepresenting certain debt investments as safer than they were.
Andrew Cuomo said that legal action against the US bank was “imminent” after it failed to settle charges of mis-selling with regulators.
Last week, Merrill Lynch offered to buy back $12bn (£6bn) of auction-rate debt
Morgan Stanley and JP Morgan Chase have agreed to buy back more than $7bn of securities and pay fines to settle allegations that they misled investors.
The deals were with the New York Attorney General and other regulators.
The Wall Street banks were accused of marketing debt products, called auction-rate securities, as much safer than they were
Finance firm Citigroup is set to buy back billions of dollars worth of securities, as part of a settlement with the US financial regulator.
The deal with the Securities and Exchange Commission (SEC) comes after an investigation into whether the bank breached securities rules.
The SEC had looked at the sale and marketing of a bond often used by municipal authorities to raise funds
A US judge has ordered Starbucks to repay its California coffee-makers more than $100m in tips that were paid to shift supervisors.
San Diego Superior Court Judge Patricia Cowett said the coffee-makers – “baristas” – were entitled to $86m in back tips, plus interest.
She issued an injunction banning supervisors from sharing future tips
The European Commission has fined US computer giant Microsoft for defying sanctions imposed on it for anti-competitive behaviour.
Microsoft must now pay a record 899m euros ($1.4bn; £680
Intel, the world’s biggest computer chipmaker, has been raided by European Union competition regulators amid claims it abused its market position.
Chuck Mulloy, a spokesman for Intel, said the regulators raided the company’s office in Munich, Germany.
Mr Mulloy said Intel was co-operating with the investigators
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