NEW YORK - Like Bernard Madoff's Ponzi scheme itself, the trial of five of his former aides has been virtually unprecedented in its scope.
NEW YORK, March 17 - Like Bernard Madoff's Ponzi scheme itself, the trial of five of his former aides has been virtually unprecedented in its scope.
(This March 15 story Corrects Credit Suisse RIC to CSGN.VX instead of MLPN.P)
NEW YORK - General Motors was hit on Friday with what appeared to be the first lawsuit related to the recall of 1.6 million cars, as customers claimed their vehicles lost value because of ignition problems blamed for a series of fatal crashes.
NEW YORK - General Motors was hit with a lawsuit on Friday from customers who said their vehicles lost value because of ignition problems that prompted a recall of 1.6 million cars.
BERLIN - Germany's center-left deputy chancellor hailed the jail sentence for tax evasion handed to Bayern Munich soccer boss Uli Hoeness and said the directors of Swiss banks that hide such funds should be hauled before the courts.
HOUSTON - The U.S. government lifted a ban on Thursday that excluded BP from new federal contracts, after the British oil major filed a lawsuit saying it was being unfairly penalized for its 2010 Gulf of Mexico spill.
- McDonald's Corp workers in three U.S. states filed lawsuits this week against the fast-food chain, alleging it is stealing wages by forcing them to work off the clock, by cheating them out of overtime and by denying them rest breaks.
March 13 - Several lawsuits were filed this week against McDonald's Corp by fast-food workers, alleging the hamburger chain was systematically stealing their wages.
NEW YORK - Citigroup Inc, which recently discovered it made some $400 million in fraudulent loans to a company in Mexico, found three other sets of smaller loans that may be suspicious, the bank's chief financial officer told a group of investors last week.