New York Attorney General Eliot Spitzer warned radio stations that they would not escape scrutiny as his investigation into pay-for-play schemes in which music companies pay for airplay of songs released on their labels. The warning came as Mr. Spitzer announced the first settlement by a music company in the year-long investigation. Sony BMG Music [...]

Microsoft is suing Google to stop one of its top engineers from going to work for Google. Kai-Fu Lee was in charge of Microsoft’s research and development center in Beijing before going to work at the company’s head office in Redmond, Washington, in the United States. However, on Tuesday Google named Mr. Lee president of [...]

A decision handed down by the US 9th Circuit Court of Appeals late Thursday afternoon that immediately ended the ban on importation of Canadian cattle into to the US due to fears of mad cow disease sent shares of Tyson Foods Inc. soaring on Friday morning. The stock gained 7.5 percent, or $1.39 to trade [...]

The founder of WorldCom, Bernard J. Ebbers, was sentenced Wednesday to 25 years in prison for his participation in accounting fraud which misstated the company’s profits by $11 billion and caused the collapse of the telecommunications giant in 2002. Federal prosecutors had asked for a sentence of life in prison. The sentence is one of [...]

Legislation to open up the credit rating industry to more competition has been proposed in a bill introduced by Representative Michael Fitzpatrick. The legislation would let any rating agency that meets certain standards register with the Securities and Exchange Commission. It would also allow the SEC to inspect rating agencies and regulate how they handle [...]

If Abbot Laboratories will not cut the price of one of its AIDS drugs, Brazil has said that it will break the company’s patent on the drug and begin manufacturing the drug itself. Brazil is in talks with Abbot to try to convince the drug maker to cut the price of Kaltera, an anti-retroviral drug, [...]

When it comes to selling houses, there are all sorts of unwelcome delays that can leave a sale dragging on for months after the property has first been put on the market. However, there are now a number of property investment companies and house purchasers who will offer up cash for house and homes, in [...]

Some U.S. shareholders in major corporations are attempting to gain more power than they have ever had in the election of members to companies’ boards of directors. These activists claim that this power is necessary in order to hold boards responsible for their actions in order to avoid scandals like the one that led to [...]

South Korea’s Financial Supervisory Service (FSS) are probing US Equity firm, Warburg Pincus, over suspicions of insider trading over shares in LG Card. Warburg Pincus had originally held a 20% share in LG Card until October 2003, when it sold most of it’s main shareholding. Shortly afterwards, LG Card was pushed close to banruptcy after [...]