• Transocean lobs legal bomb at BP

    When not drilling for oil, Transocean Ltd. also is effective at boring into its legal adversaries. The Swiss drilling rig owner yesterday filed a motion for summary judgment in the U.S. District Court for the Eastern District of Louisiana looking to put the screws to BP Plc, forcing the petroleum...

  • BNY Mellon sued by U.S. and New York prosecutors

    Yesterday, the U.S. attorney in Manhattan and the New York attorney general filed separate lawsuits against Bank of New York Mellon Corp., alleging the bank cheated customers on foreign exchange transactions over the past decade.

  • Shareholders accuse News Corp. of corruption and espionage

    Things continue to look worse for Rupert Murdoch and company. Following last week’s revelation that a pair of former News of the World executives told a London parliamentary hearing that they had notified Murdoch’s son in early 2008 that evidence pointed to the tabloid’s phone hacking not being limited to...

  • Hospital harangues Highmark over false ads

    People living in and around Pittsburgh are likely overjoyed at the prospect of their health care possibly being affected by a particularly vitriolic feud between their local hospital and insurance company.

  • Verizon to pay $20 million to settle EEOC suit

    Hundreds of former Verizon Communications employees are pretty certain the company can hear them now. Verizon has agreed to pay $20 million and has agreed to a number of conditions in order to settle a nationwide class disability discrimination lawsuit the U.S. Equal Employment Opportunity Commission (EEOC) filed. The suit...

  • $5-billion suit against MBIA resuscitated

    The heat is on again for MBIA Inc., and it may be starting to feel like 2007 all over again. New York’s Court of Appeals yesterday reinstated a breach-of-contract lawsuit against the insurer, saying that it is not pre-empted by state insurance law.

  • Sony says hackers’ hackles rose over content protection

    Lesson of the day: Protecting your data from tech-savvy gamers may result in them retaliating and breaking down your firewalls. That seemed to be the gist of the message delivered today by Sony CEO Howard Stringer in a meeting with the company’s shareholders.

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