law

New York City Files Lawsuit Against Exxon, BP, Chevron

New York City Files Lawsuit Against Exxon, BP, Chevron

The City of New York said on Wednesday that it will be suing BP plc (NYSE: BP), Chevron Corporation (NYSE: CVX), Exxon Mobil Corporation (NYSE: XOM), and Royal Dutch Shell plc (NYSE: RDS.A) in an attempt to hold oil and gas producers responsible for..

Apple Receives Lawsuits over Slowing Down Phones

Apple Receives Lawsuits over Slowing Down Phones

Apple Inc. (NASDAQ: AAPL) is being sued after it had admitted to slowing down older iPhone models to preserve battery life.Apple said it used algorithms in order to keep older iPhone models running at an efficient pace to extend the battery life or ..

Fresh Records Set By American Stocks, Nasdaq Hits 7000

Fresh Records Set By American Stocks, Nasdaq Hits 7000

Monday saw the US stocks climb to new records with Nasdaq crossing 7000 in intra-day for the very first time. This stock market buzz was the result of investors betting on lawmakers trying to push through a key tax reform.In the recent times, stock ..

Amazon to Pay Back Taxes Amounting to $300 Million

Amazon to Pay Back Taxes Amounting to $300 Million

European Union authorities have ordered Amazon.com, Inc. (NASDAQ: AMZN) to pay almost $300 million as back taxes to their member state Luxembourg. The EU said that the United States company has made massive benefits from the illegal tax arrange..

Uber CEO Apologizes to London; Working on improvements

Uber CEO Apologizes to London; Working on improvements

Last Friday, Uber Technologies Inc. was stripped of its license to operate in the city of London due to the officials deeming the ride hailing service unsafe as well as practicing unregulated business activity. Uber said it would appeal the decision..

Morgan Stanley Fined $13 Million by FINRA

Morgan Stanley Fined $13 Million by FINRA

 On Monday, Morgan Stanley (NYSE: MS) was ordered by the Financial Industry Regulatory Authority (FINRA) to pay $13 million in fines and restitution to clients for inadequately supervising certain short term trades. Between January 2012 an..

Centerpointe Office Park Changes Hands for $106 Million

Centerpointe Office Park Changes Hands for $106 Million

A business park comprising of a total of 10 buildings in La Palma has been bought by two investment firms- Westbrook Partners and Greenlaw Partners- for a sum of $106 million. Both operate out of Irvine and have offices in Los Angeles. The two firms..