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Business News

Business never stops, so it’s important to have a timely source of information on developments in the business world. In today’s marketplace, businesses not only have to contend with market forces, but they also have to comply with regulations and protect themselves against any number of potential legal liabilities. FindLaw’s Business News is the leading source of news concerning developments in business law and regulations, with articles by FindLaw writers and attorneys knowledgeable in the field. These reports will help businesses stay on the leading edge and keep one step ahead of their competitors.

Top Headlines

  • Ex-Madoff trader testifies against co-workers, avoids prison

    Wed, 27 May 2015 19:02:45 GMT

    NEW YORK (AP) — A longtime trader for Bernard Madoff's firm was sentenced Wednesday to 10 months of home confinement after his testimony helped convict five former co-workers for their roles in history's largest Ponzi scheme.

  • Pakistan judge orders CEO held for faked diploma allegations

    Wed, 27 May 2015 12:58:24 GMT

    KARACHI, Pakistan (AP) — A Pakistani judge ordered police Wednesday to hold and question the embattled CEO of a software company for a week on allegations he oversaw a global diploma mill, as broadcasters aired images of blank degrees stacked in his firm's offices.

  • China fines chemical company $12M for polluting, jails staff

    Wed, 27 May 2015 09:35:12 GMT

    BEIJING (AP) — A court in eastern China fined a manufacturer of weed killer 75 million yuan ($12 million) and imprisoned employees of the company and its contractors for discharging wastewater that severely polluted streams.

  • Supreme Court sides with KBR in false claims dispute

    Tue, 26 May 2015 14:47:37 GMT

    WASHINGTON (AP) — The Supreme Court has ruled in favor of defense contractor KBR Inc. in a whistleblower lawsuit over claims that the company overbilled the government for work in Iraq.

  • Former CEO's lawsuit against Sands China stays in Nevada

    Sat, 23 May 2015 02:48:03 GMT

    LAS VEGAS (AP) — A Nevada judge has decided a wrongful termination case against Macau-based Sands China Ltd. and Sands Chairman Sheldon Adelson can stay in Nevada largely because of the influence Adelson wielded over the company, often from several thousand miles away.

  • Adult dating site investigating possible breach of user data

    Fri, 22 May 2015 20:44:29 GMT

    PALO ALTO, Calif. (AP) — The operator of a popular adult dating website said Friday it's investigating a potential security breach, following reports that hackers stole names, email addresses and information about the sexual preferences of up to 4 million members.

  • US appeals court upholds delay in Alzheimer's drug swap

    Fri, 22 May 2015 17:55:44 GMT

    ALBANY, N.Y. (AP) — A federal appeals court has rejected a drug manufacturer's appeal and affirmed a judge's order that Actavis PLC keep distributing its widely used Alzheimer's medication until after its patent expires this summer.

  • Tobacco firms get partial win over claims on smoking effects

    Fri, 22 May 2015 17:30:11 GMT

    WASHINGTON (AP) — America's largest tobacco companies must inform consumers that cigarettes were designed to increase addiction, but not that they lied to the public about the dangers of smoking, a federal appeals court ruled on Friday.

  • Q&A about arrests in the Texas motorcycle gang shootout

    Thu, 21 May 2015 22:15:31 GMT

    DALLAS (AP) — In the hours after a deadly shootout involving two motorcycle gangs, about 170 people were arrested at a Texas restaurant. Depending on who is asked, the suspects are gang members or innocents who merely belong to motorcycle clubs or both.

  • Lumber Liquidators CEO quits, catching company off guard

    Thu, 21 May 2015 20:29:34 GMT

    NEW YORK (AP) — Lumber Liquidators CEO Robert Lynch has abruptly quit the company that is embroiled in an investigation over products imported from China.

  • FBI finds faulty communication, no crime in prison probe

    Thu, 21 May 2015 07:46:00 GMT

    BOISE, Idaho (AP) — An FBI investigation into a scandal surrounding a private prison in Idaho turned up no evidence of crime, but it did show plenty of miscommunication and faulty assumptions between state agencies, federal prosecutors say.

  • Justice Department declines charges in Idaho prison scandal

    Wed, 20 May 2015 22:49:03 GMT

    BOISE, Idaho (AP) — The U.S. Justice Department has declined to press criminal charges in connection with an investigation into allegations of contract fraud and public corruption at a private prison in Idaho.

  • Ex-Madoff employee sentenced to 9 months of home detention

    Wed, 20 May 2015 20:40:16 GMT

    NEW YORK (AP) — A second-generation employee of Bernard Madoff who was one of the earliest government cooperators after the massive Ponzi scheme was revealed was sentenced Wednesday to nine months of home detention.

  • Banks fined more than $5B, to plead guilty to market rigging

    Wed, 20 May 2015 15:46:57 GMT

    WASHINGTON (AP) — A group of global banks will pay more than $5 billion in penalties and plead guilty to rigging the world's currency market, the first time in more than two decades that major players in the financial industry have admitted to criminal wrongdoing.

  • 6 Chinese nationals accused of stealing US firms' technology

    Wed, 20 May 2015 14:28:05 GMT

    SAN FRANCISCO (AP) — Federal prosecutors have charged six Chinese nationals, including three who earned advanced degrees from the University of Southern California, with stealing wireless technology from a pair of U.S. companies.

  • Loans, taxes, regulations on small business election agenda

    Wed, 20 May 2015 10:18:32 GMT

    There are no "one size fits all" issues for small business in the 2016 presidential campaign. While candidates try to appeal to all small businesses, many owners want very specific things. A sample of what's on the agenda of some individual owners, and two small business advocacy groups:

  • US charges 6 Chinese nationals with stealing trade secrets

    Wed, 20 May 2015 07:23:40 GMT

    SAN FRANCISCO (AP) — Federal prosecutors have charged six Chinese nationals, including three who earned advanced degrees from the University of Southern California, with stealing wireless technology from a pair of U.S. companies.

  • US investigation of 2007 peanut butter recall wraps up

    Wed, 20 May 2015 02:16:13 GMT

    OMAHA, Neb. (AP) — ConAgra Foods is likely to face a criminal charge now that the U.S. government has completed its investigation of the company's 2007 peanut butter recall.

  • 6 Chinese nationals charged with stealing US trade secrets

    Wed, 20 May 2015 01:19:28 GMT

    SAN FRANCISCO (AP) — Three Chinese nationals who earned advanced degrees from the University of Southern California and three others have been charged with stealing wireless technology from a pair of U.S. companies.

  • Pakistan raids software company said to market fake degrees

    Tue, 19 May 2015 14:59:21 GMT

    KARACHI, Pakistan (AP) — Pakistani federal investigators on Tuesday raided multiple offices of a software company after a report in The New York Times said it made millions of dollars marketing fake degrees worldwide, officials said.

  • Supreme Court to hear $10B Phillip Morris appeal

    Tue, 19 May 2015 13:18:51 GMT

    SPRINGFIELD, Ill. (AP) — The Illinois Supreme Court is set to hear oral arguments on a $10.1 billion class action verdict against cigarette giant Phillip Morris USA.