The US Supreme Court in a path breaking ruling held that units of national banks were largely exempt from state regulation. The decision has infuriated critics who argue that it would further wear away the ability of California and other states...

Indian Supreme Court in a landmark judgment on Monday ruled that foreign firms would not have to pay tax on their global income earned from business related to their outsourcing arms or units if these are conducted at existing market prices....

The battle for control of Dutch bank ABN Amro further intensified amid claims and counter-claims by the two major suitors that they represent the best value for the acquisition respectively. Bob Diamond, president of Barclays, has raised the...

Oracle Corp. has lodged new charges on Friday against rival SAP AG, adding more details about an alleged conspiracy to steal Oracle’s intellectual property from its customer service Web site. The latest accusations include a claim that the...

Vonage, a voice over IP provider facing a patent infringement lawsuit from Verizon Communications, won a permanent stay of a previous injunction, which means it can carry on to conduct business as usual and it can resume adding new customers....

A Texas judge hearing 1,300 Vioxx lawsuits against Merck & Co. dismissed the claim that the company has failed to properly warn users about the painkiller’s health risks. The verdict is expected to delay the litigation even further. The...

A human-rights group has filed a lawsuit against Yahoo Inc. for purportedly making available information to the Chinese government that led to the persecution, torture and detention of dissidents. The World Organization for Human Rights USA...

Joseph Nacchio, the aggressive chief executive who witnessed Qwest’s spectacular growth as well as its near collapse into bankruptcy, was found guilty on 19 of 42 counts of illegal insider trading. A court in Denver in its verdict ruled that...

The US authorities have announced that the government has joined in a whistleblower lawsuit filed against Hewlett-Packard, Sun Microsystems and Accenture, accusing the companies for making ’solicited and provided improper payments’ on...

Software giant Microsoft has agreed to pay $180 million to settle claims by Iowa consumers who contended they were overcharged for company products purchased between 1994 and 2006. The statewide group of consumers had claimed that Microsoft...