U.S. Regulator Sues Corinthian Colleges

Related Link: 

The U.S. consumer-finance regulator has sued troubled for-profit education firm Corinthian Colleges Inc., alleging the company prodded students into taking out unaffordable loans and used aggressive debt collection tactics.

NHTSA Declines to Label Stalling Cars As Safety Issue

Related Link: 

The top official at the National Highway Traffic Safety Administration on Tuesday declined to label stalls a serious safety issue, exposing the auto-safety regulator to a new round of criticism from lawmakers on a day when the agency had already taken heat for failing to catch a deadly ignition-switch defect.

Brazil Judge Freezes Eike Batista's Assets

Related Link: 

A federal judge in Rio de Janeiro said he has ordered banks to freeze up to $640 million in financial assets belonging to Brazilian entrepreneur Eike Batista, who prosecutors have accused of market manipulation and insider trading.

Endo Offers to Acquire Auxilium for $2.2 Billion

Related Link: 

Endo Pharmaceutical said it has made a $2.2 billion offer to acquire Auxilium Pharmaceuticals in a cash-and-stock deal that will give Endo Auxilium's men's health-care products and pipeline.

Trump SoHo to Go on Block

Related Link: 

A lender to Trump SoHo, the upscale Manhattan hotel and condominium that Donald Trump unveiled on his television show The Apprentice, is foreclosing on the property and putting it up for sale, said people familiar with the matter.

New York Sues to Block Early Withdrawal of Alzheimer's Drug

Related Link: 

A plan by Actavis to withdraw its Alzheimer's treatment early in favor of a new extended-release version is aimed at protecting the company's profits, according to a suit from the state of New York.

Adobe Profit Falls 46% on Higher Costs

Related Link: 

Adobe Systems said its fiscal third-quarter earnings fell 46% as higher operating expenses and weaker margins offset the software company's modest revenue growth.

Bill Gurley's Warning Triggers Debate in Silicon Valley

Related Link: 

Venture capitalist Bill Gurley sounded the alarm in Silicon Valley. And now some of his peers are ringing it with him.

Budweiser, a Big Sponsor, Criticizes NFL

Related Link: 

Anheuser-Busch said it was disappointed and increasingly concerned by the NFL's handling of recent incidents, which the brewer said "have overshadowed" the league's season.

UAW Ends Two-Tier Wages at Lear

Related Link: 

The United Auto Workers union managed to eliminate a controversial two-tier wage structure at U.S. auto supplier Lear Corp. in contract talks.

Syndicate content