- A federal judge in Manhattan on Friday ordered discovery to begin for some cases filed against General Motors Co in connection with its recall of millions of cars for a faulty ignition switch.
- A federal appeals court on Friday voided RadioShack Corp's class-action settlement with customers who objected to its putting credit and debit card expiration dates on receipts, saying the benefits of the accord appeared too small relative to the proposed legal fees.
- U.S. securities brokerages scored a victory on Friday as their industry-funded watchdog scrapped a plan that would have required job-switching brokers to disclose signing bonuses to clients.
- A U.S. federal judge on Friday refused to block Keurig Green Mountain Inc from selling a coffee machine with "lockout" technology that prevents it from accepting coffee pods made by other companies.
WASHINGTON - Wall Street's self-funded regulator unveiled a list of proposals on Friday to bolster rules governing alternative trading platforms like "dark pools," computerized high-speed trading, and price transparency in the corporate bond market.
- A Brooklyn, New York mortgage broker, who would scribble secret stock tips on napkins and pass them to an accomplice in Grand Central station before eating them, pleaded guilty to insider trading on Friday, federal prosecutors said.
ATLANTA - Three former peanut company officials were found guilty on Friday in connection with a 2009 salmonella outbreak that killed nine people and sickened hundreds, federal prosecutors said.
BRASILIA - Spain's Telefonica SA has resolved the antitrust concerns it faced in Brazil by getting rid of its Telecom Italia stake in a deal finalized on Friday to acquire local broadband provider GVT, according to two government sources.
- A U.S. federal judge in Texas ordered Bitcoin Savings and Trust and its owner to pay a combined $40.7 million after the Securities and Exchange Commission established that the company, which sold investments using the virtual currency, was a Ponzi scheme.
- For-profit college operator ITT Educational Services Inc disclosed on Friday that it may face civil charges by the U.S. securities regulator following investigations related to two private education loan programs for its students.
- Financial: UPDATE 1-Merrill Lynch fires brokers for promoting outside hedge fund -source
- Technology: WRAPUP 9-Alibaba surges 38 pct on massive demand in market debut
- Healthcare: CORRECTED-UPDATE 1-Vivus' Stendra gets FDA approval for use 15 minutes before sex
- Consumer: Accreditation agency places Corinthian under warning
- Energy: UPDATE 4-Exxon winds down drilling as U.S. sanctions hit Russia
- Industrials: Ernst & Young in tentative deal in Canada on Sino-Forest audit
- M&A: Russia's Yamal LNG project may tap wealth fund in 2014 - EconMin
- Bankruptcy: Bankruptcy most likely scenario for indebted Mechel-economy minister
- IPOs: Rocket Internet CEO stands to lift stake via options-report
- Private Capital: IPO values online furnishings retailer Wayfair at up to $2.32 bln
- Hedge Funds: Ex-Marble Bar manager readies Mako backed European hedge fund - sources