Sprint Nextel Corp., which is the third-biggest mobile service provider in the U.S., has been sued by the state of New York for allegedly not collecting or paying millions of dollars in taxes. Though Sprint denies these accusations, the company stands to pay more than $300 million if the claims are proven true.
Dave Smith
Apr 19, 2012
Right-winged rocker and Mitt Romney surrogate Ted Nugent likened himself to a black Jew at a Nazi-Klan rally after appearing on a radio show defending his speech at an NRA convention, where he said he would either be dead or in jail, if Barack Obama gets re-elected president.
Howard Koplowitz
Apr 18, 2012
The American Legislative Exchange Council, an influential conservative organization that helps craft state-level legislation, announced on Tuesday that it would halt its work on a Public Safety and Elections Task Force that had formulated voter identification and gun laws.
Jeremy White
Apr 17, 2012
A Minnesota school district that came to crystallize a national debate about anti-gay bullying has agreed to institute broad new protections for students.
Jeremy White
Mar 07, 2012
Capping victories in five other states Tuesday, Mitt Romney won Ohio's Republican primary, narrowly beating Rick Santorum. But with the win come questions about Romney's campaign strategy and the candidate's appeal.
Joseph Boris
Mar 07, 2012
At least a half-dozen major U.S. companies whose computers have been infiltrated by cyber criminals or international spies have not admitted to the incidents despite new guidance from securities regulators urging such disclosures.
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Feb 02, 2012
A proposed settlement to resolve mortgage abuses by top U.S. banks will give states broad authority to punish firms that mistreat borrowers in the future, according to documents seen by Reuters on Wednesday.
IBT Staff Reporter
Feb 01, 2012
Sandusky's attorney said he would vehemently oppose the motion to use an outside jury.
Bobby Ilich
Jan 31, 2012
A former unit of General Electric Co. (GE) agreed to pay $70.35 million to U.S. regulators to resolve complaints about the company's role in anticompetitive activity in the municipal bond investments market.
Moran Zhang
Dec 23, 2011
Most members will likely face charges of conspiracy, drug trafficking and weapons manufacturing.
Palash Ghosh
Dec 23, 2011
The Obama administration scores another preliminary injunction against a state that has enacted a law attempting to drive out undocumented immigrations.
Dan Rivoli
Dec 22, 2011
The Justice Department on Thursday gave the green light for the merger of NYSE Euronext and Deutsche Börse AG, which will create the world's largest stock exchange operator. The deal is still subject to the review of European antitrust authorities who have resisted approval.
Moran Zhang
Dec 22, 2011
Bank of America stressed that only Countrywide's practices are at issue in Wednesday's announcement of a settlement for discriminatory mortgage lending practices.
Dan Rivoli
Dec 21, 2011
Investigation had revealed that Countrywide had charged higher fees and rates for more than 200,0000 minority borrowers from 2004-2008, in the midst of the housing boom. Some 10,000 borrowers were also pushed in to sub-prime mortgages when others with similar qualifications got standard mortgages.
David Magee
Dec 21, 2011
A late-day buying spree is causing shares in Bank of America (NYSE:BAC) to soar higher than its big bank peers. The rally began just after 3 p.m., shortly after news broke that the financial institution had settled a federal lawsuit regarding a subsidiary's subprime lending practices for $335 million.
Eleazar David Meléndez
Dec 21, 2011
Institutional investors such as unions won the right to file private common-law suits against Wall Street firms for alleged securities-related fraud and negligence.
Dan Rivoli
Dec 21, 2011
U.S. Supreme Court Justices Elena Kagan and Clarence Thomas gave no indication Monday that they will heed their critics' calls and recuse themselves from the Affordable Care Act case.
Dan Rivoli
Nov 14, 2011
California Attorney General Kamala Harris remains open to a deal with large U.S. banks in multi-state mortgage negotiations provided it involves a stronger proposal from lenders, the Wall Street Journal reported.
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Oct 07, 2011
California Attorney General Kamala Harris remains open to a deal with large U.S. banks in multi-state mortgage negotiations provided it involves a stronger proposal from lenders, the Wall Street Journal reported.
IBT Staff Reporter
Oct 07, 2011
The Supreme Court opened its new term on Monday and considered whether Medicaid recipients and medical providers may sue California for cutting reimbursement rates in the healthcare program for low-income Americans.
IBT Staff Reporter
Oct 03, 2011
The Obama administration on Wednesday asked the U.S. Supreme Court to back the centerpiece of Barack Obama's sweeping healthcare overhaul -- the requirement that all Americans have health insurance.
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Sep 29, 2011
California's attorney general has declined a request by pharmaceutical mogul Jonah Shacknai for a review of the police investigation that ruled the bizarre hanging death of his girlfriend a suicide.
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Sep 23, 2011