Two former executives at America Online face criminal charges after an FBI investigation into claims of fraudulent transactions with a software supplier.
The duo – Kent Wakeford and John Tuli – have been charged with conspiracy, securities fraud, wire fraud and making false statements.
Prosecutors claim the pair colluded with executives at PurchasePro to inflate revenues at the two firms
Eighteen former Enron directors have agreed a $168m settlement deal in a shareholder lawsuit over the collapse of the energy firm.
Leading plaintiff, the University of California, announced the news, adding that 10 of the former directors will pay $13m from their own pockets.
The settlement will be put to the courts for approval next week
US securities regulators have started an informal inquiry into stun gun maker Taser following statements the company made over safety of its products.
Taser shares fell 17.74% to $22
The US agrochemical giant Monsanto has agreed to pay a $1.5m (£799,000) fine for bribing an Indonesian official.
Monsanto admitted one of its employees paid the senior official two years ago in a bid to avoid environmental impact studies being conducted on its cotton
Ten former directors at WorldCom have agreed to pay $54m (£28.85m), including $18m from their own pockets, to settle a class action lawsuit, reports say.
James Wareham, a lawyer representing one of the directors, told Reuters the 10 had agreed to pay those who lost billions when the firm collapsed
A user of Apple’s iTunes music service is suing the firm saying it is unfair he can only use an iPod to play songs.
He says Apple is breaking anti-competition laws in refusing to let other music players work with the site.
Apple, which opened its online store in 2003 after launching the iPod in 2001, uses technology to ensure each song bought only plays on the iPod
The world’s largest retailer, Wal-Mart, has agreed to pay a total of $14.5m (£7.74m) to settle a lawsuit over gun sales violations in California
US financial regulators have requested information from Warren Buffett’s Berkshire Hathaway group as part of a probe into certain insurance products.
The Securities and Exchange Commission has asked the billionaire businessman’s firm to provide documents relating to the sale of ‘non-traditional’ products.
The watchdog is examining allegations that these products have been misused to manipulate corporate earnings
The US stock market regulator is investigating troubled insurance broker Marsh & McLennan’s shareholder transactions, the firm has said.
The Securities and Exchange Commission has asked for information about transactions involving holders of 5% or more of the firm’s shares.
Marsh has said it is co-operating fully with the SEC investigation
The two most senior executives at US mortgage giant Fannie Mae have resigned after accounting irregularities were uncovered at the company.
Chief executive Franklin Raines, a former senior official in the Clinton administration, and chief financial officer Tim Howard have left the firm.
Fannie Mae was criticised by financial regulators and could have to restate its earnings by up to $9bn (£4