The oldest bank in the US, the Bank of New York, has agreed to pay $38m (£21m) to resolve long-running fraud and money-laundering investigations.
The bank will forfeit $26m to the government and pay $12m to victims of the fraud, prosecutors said.
The case dates back to 1999, when two of bank employees helped launder $7bn from Russia through several accounts
A US oil trading company has pleaded guilty to involvement in the Iraq oil-for-food scandal and agreed to pay a fine of $250,000 (£141,000).
Midway Trading was accused of paying $400,000 in bribes to Iraqi officials for oil purchases under the UN scheme.
The scheme was devised to let Saddam Hussein sell oil and buy humanitarian goods while sanctions were in force
Institutional investors have sued Rupert Murdoch’s News Corp claiming it reneged on a promise to protect shareholders when it moved to the US.
Investors allege the group failed to get their approval to extend measures to protect it against a takeover.
Last year, News Corp vowed not to extend this “poison pill” beyond a year if investors backed a move to the US
A San Mateo Superior Court judge on Monday postponed signing off on an $100 million settlement agreement between Oracle founder Larry Ellison and Oracle shareholders over an insider trading lawsuit.
Instead, Judge Jonathan Schwartz will review the matter on Nov. 15 and issue his decision on whether to accept the agreement hammered out by the parties
Two former bosses of US manufacturer Tyco have been sentenced to up to 25 years in jail for stealing more than $150m (£82m) from the company.
Former Tyco chief executive Dennis Kozlowski and finance chief Mark Swartz were taken from the court in handcuffs.
They were also ordered to repay most of the money, which they spent on expensive jewellery, luxury apartments and giant $2m Mediterranean parties
US retail giant Wal-Mart has been hit with a lawsuit that claims it ignores sweatshop conditions at many of its suppliers’ factories around the world.
The class-action suit has been filed in Los Angeles on behalf of 15 workers in Bangladesh, Swaziland, Indonesia, China and Nicaragua.
Each claims they were paid less than the minimum wage and not given overtime payments
Internet giant Yahoo has been accused of supplying information to China which led to the jailing of a journalist for “divulging state secrets”.
Reporters Without Borders said Yahoo’s Hong Kong arm helped China link Shi Tao’s e-mail account and computer to a message containing the information.
The media watchdog accused Yahoo of becoming a “police informant” in order to further its business ambitions
Mastercard and the banks issuing its credit cards have been overcharging their customers, according to the Office of Fair Trading (OFT).
The fee levied on retailers to recover the costs of the card system was too high, the watchdog says.
Consequently, all Mastercard purchases in the UK between March 2000 and November 2004 were overcharged
US watchdogs have charged two ex-top executives of Kmart with fraud in the lead up to the retailer’s bankruptcy.
The Securities and Exchange Commission (SEC) has accused ex-chief executive Charles Conway and ex-finance chief John MacDonald of misleading investors.
The men made “materially false” statements about Kmart’s ability to pay its bills in the lead up the firm’s bankruptcy in 2002, the SEC alleged
The world’s largest internet service provider America Online (AOL) has vowed to reform its customer service after agreeing to settle a US lawsuit.
It follows an investigation by New York state attorney general Eliot Spitzer into complaints that AOL ignored people who wanted to cancel the service.
AOL will provide refunds to all the 300 customers who complained and will pay New York State $1