FBI agents arrest over 100 Mafia suspects in biggest crime bust
In what is being billed as the biggest crime bust in history, the FBI have arrested 119 Mafia suspects and have charged nearly 130 people connected to different crimes ranging from murder and drug trafficking to extortion, gambling, loan-sharking and prostitution.
Houston health care co. owners plead guilty to $5.2 mln Medicare fraud scheme
Two owners of a Houston health care company have pleaded guilty to charges that they have swindled Medicare of $5.2 million by filing false claims.
Howrey antitrust, IP practices take beating as top lawyers quit
A top antitrust partner at Howrey is leaving the law firm, adding to the growing number of top lawyers who have quit the firm in recent months.
Mass. lawyer sentenced to 12 years in prison for role in $10.7 mln mortgage fraud
A Massachusetts-based lawyer, who was suspended for defrauding 10 mortgage lenders of more than $10.6 million, has been sentenced to 12 years in prison.
MTV Skins show violating child porn laws?
MTV executives have ordered changes in a new hit drama called 'Skins' because of fears that some explicit scenes could violate child pornography laws by featuring the sex- and drug-fueled exploits of misfit teenagers.
Instant view: January jolt for consumer confidence
Consumer confidence rose more than expected in January to its highest level in eight months, helped by growing optimism about the economy and the jobs market, according to a private sector report released on Tuesday.
Kimberly-Clark restructures pulp, tissue business
Kimberly-Clark Corp plans to get out of the business of making the pulp used in its paper products, closing several plants, as it copes with rising costs for oil, fiber and other commodities.
Cadwalader poaches on McDermott lawyers to run new energy and commodities practice group
Cadwalader, Wickersham & Taft has reportedly poached on as many as nine partners from McDermott Will & Emery and dozens of associates are also expected to make the move in the coming days.
Freshfields, Linklaters top legal advisers for European M&A
Freshfields Bruckhaus Deringer and Linklaters have topped the list of legal advisers to European mergers and acquisitions (M&A) by value and volume in 2010, according to Legal Week.
Coach beats as U.S. and China sales soar
Leather goods maker Coach Inc reported a larger-than-expected quarterly profit as U.S. luxury spending rebounded and sales in China soared over the holiday season.
Lawyer who misappropriated funds in client's interest spared disbarment
The Washington D.C. Court of Appeals, for the first time since 1900, has decided not to impose disbarment as a sanction on a lawyer found guilty of intentionally misappropriating client funds because the was, in intent and effect, in the best interest of his ward.
ABA president condemns unfair trial and sentencing of Iranian human rights lawyer Sotoudeh
American Bar Association (ABA) president Stephen N. Zack has strongly condemned the unfair trial and sentencing of an Iranian human rights lawyer Nasrin Sotoudeh.
Philip Morris not liable to pay LDCT scans, says fed judge
A New York federal judge has dismissed a class-action lawsuit that was seeking to force Philip Morris USA Inc. to pay for medical monitoring program for Marlboro smokers.
Travelers beats estimates, sees market picking up
Travelers Companies Inc posted a higher-than-expected quarterly profit and the largest publicly traded U.S. property insurer said there were early signs businesses were finally willing to spend more on insurance.
Murdoch iPad newspaper to launch in next two weeks
News Corp's new digital newspaper The Daily, designed for Apple's iPad, should launch in the next two weeks after some delays and will cost $0.99 per week, executive James Murdoch said on Tuesday.
Berlusconi defence lawyers dismiss sex accusations
Lawyers for Silvio Berlusconi have presented evidence to magistrates from dozens of witnesses denying accounts of wild sex parties at a luxurious villa belonging to the embattled Italian prime minister.
Obama under scrutiny for clues on deficit in speech
President Barack Obama aims to rise above party politics in his State of the Union speech on Tuesday, but he must prove he is serious about tackling the budget deficit that could unleash a bitter partisan fight.
Ericsson sees strong 2011 as data traffic explodes
Ericsson forecast strong demand for mobile broadband equipment in 2011 after a surge in fourth-quarter sales on the back of consumer demand for smartphones boosted growth for the first time in two years.
Hezbollah-backed Mikati named Lebanon prime minister
Hundreds of angry protesters burnt tyres and blocked roads across Lebanon Tuesday after a Hezbollah-backed politician was named prime minister, shifting the balance of power in the country towards Syria and Iran.
Suicide attack near Pakistan Shi'ite rally kills 13
A teenage suicide bomber blew himself up near a religious procession of Shi'ite Muslims in the Pakistani city of Lahore on Tuesday, killing atlas 13 people and wounding more than 50, officials said.
BlackRock fourth-quarter profit jumps 77 percent
BlackRock Inc , the world's largest asset manager, reported a big jump in fourth-quarter profit and revenue on Tuesday, aided by the global stock market rally.
Russia's Putin vows revenge for suicide bombing
Prime Minister Vladimir Putin vowed revenge on Tuesday for a suicide bombing that killed at least 35 people at Russia's busiest airport and underscored the Kremlin's failure to stem a rising tide of attacks.
Verizon profit, revenue miss Street view
Verizon Communications' quarterly profit and revenue were slightly behind Wall Street's expectations, sending the company's shares down more than 1 percent, even as it reported stronger-than-expected wireless subscriber growth.
Blackrock sees 77 percent 4th qtr profit gain
BlackRock Inc , the world's largest asset manager, reported a big jump in fourth-quarter profit and revenue on Tuesday, aided in no small measure by the global stock market rally.
Equities dip, weaker gold hits S.Africa
Emerging stocks edged down on Tuesday as inflation worries persisted and weaker metals prices knocked South African shares and the rand.
Mozambique to expand capital's port
Mozambique's Ports Development Company (MPDC) said on Tuesday it would increase the handling capacity of its Maputo port to 12 million tonnes this year from 8.7 million in 2010 to take more coal from South Africa.
Algeria's Sonatrach sees steady oil, LNG exports
Algeria expects oil production to remain steady in 2011, while liquefied natural gas (LNG) supply contracts will be met despite reduced capacity, the head of state-owned energy giant Sonatrach said on Tuesday.
S.Africa's Transnet to reopen coal export line
South African logistics group Transnet said on Tuesday it would reopen a coal export line leading to the Richards Bay coal export terminal at 1400 GMT after a derailment over the weekend.
Top Kenyan tea prices steady at auction
The average price of the top Kenyan tea grade edged higher to $3.83 per kg at this week's auction from $3.81 per kg at the previous sale, although many lower quality teas remained unsold, brokers said.
State Bank of Mauritius H1 profit rises
State Bank of Mauritius, the Indian Ocean island's second-largest bank, said on Tuesday first-half pretax profit rose 8.5 percent, boosted by dividend income, disposals, fees and commissions.
