Business/Finance :: Legal

US Payroll, Financial Firms Hacked; 8 Charged

Jun 13
U.S. prosecutors announced fraud and other charges Wednesday against eight alleged members of an international cybercrime ring that the government said hacked into the computers of more than a dozen leading financial institutions.

Rep. Elijah Cummings, D-Md., ranking Democrat on the House Oversight and Government Reform Committee, holds up a sheet detailing IRS conference spending.

Lavish Conference Followed IRS Rules

By Stephen Ohlemacher | Friday Jun 7, 2013
An Internal Revenue Service official at the center of the agency’s latest scandal told lawmakers Thursday that an expensive conference held in 2010 conformed to existing rules, though he acknowledged it was not the best use of taxpayer money.

NY Attorney General Sues HSBC Over Foreclosures

Wednesday Jun 5, 2013
HSBC Bank USA and HSBC Mortgage Corp. failed to set timely foreclosure settlement conferences required by New York law, according to a lawsuit filed Tuesday by the state attorney general.

Kan. Farmer Sues Monsanto Over GMO Wheat Discovery

By Roxana Hegeman | Wednesday Jun 5, 2013
A Kansas farmer has sued seed giant Monsanto over last week’s discovery of genetically engineered experimental wheat in an 80-acre field in Oregon, claiming the company’s gross negligence hurt U.S. growers by driving down wheat prices.

National Archives’ Treasures Targeted by Thieves

Tuesday Jun 4, 2013
Crooks are stealing pieces of American history -- like conman Barry Landau who committed the largest archival theft in the U.S. Bob Simon reports.

US Blames Apple for 2010 Run-Up in E-Book Prices

By Larry Neumeister | Tuesday Jun 4, 2013
A U.S. government lawyer opened a civil trial Monday by portraying Apple Inc. as a corporate bully that swaggered into the market for electronic books in 2010, forcing an end to price competition and costing consumers hundreds of millions of dollars.
Larry Page, Google

Judge Orders Google to Give Customer Data to FBI

By Paul Elias | Monday Jun 3, 2013
A federal judge has ruled that Google Inc. must comply with the FBI’s warrantless demands for customer data.
Vietnamese salesman hawking a rat poison laced with salmonella seeks to prove the bait is as safe as claimed.

In Vietnam, a Cuban Rat Poison Finds New Market

By Chris Brummitt | Sunday Jun 2, 2013
The company claims the salmonella strain it includes is "harmless" to everything - humans, the environment, pets and other animal species - apart from rats.
Fishermen say they aren’t allowed to catch enough fish to stay in business.

Mass. AG Sues Feds Over Fishing Rules

By Jay Lindsay | Saturday Jun 1, 2013
The state attorney general of Massachusetts filed suit against federal fishing regulators Thursday in an attempt to block new rules that she called a "death sentence" for New England’s fleet. Fishermen say they aren’t allowed to catch enough fish.
President Barack Obama speaks at the American Medical Association annual meeting in Chicago.

Like Your Health Care Policy? You May Be Losing It

By Ricardo Alonso-Zaldivar | Friday May 31, 2013
State insurance regulators say many people who buy their own health insurance could get surprises this fall: cancellation notices because their policies aren’t up to the basic standards of President Barack Obama’s overhaul.

Colorado Marijuana Regulations Signed Into Law

By Kristen Wyatt | Wednesday May 29, 2013
Laws to govern how recreational marijuana should be grown, sold and taxed were signed into law Tuesday in Colorado, where Gov. John Hickenlooper called the laws the state’s best attempt to navigate the uncharted territory of legalized recreational pot.