Latest Corporate legal affairs News

Texas AG, universities face suit over Israel boycott law

Dec. 18, 2018 9:48 PM EST

DALLAS (AP) — The American Civil Liberties Union of Texas on Tuesday filed a lawsuit over a state law requiring contractors to certify that they do not boycott Israel or Israel-controlled territories, arguing the law forces people to choose between their First Amendment rights and their livelihoods. The...

Booze cruise battle: Booted from NYC dock, owner sees racism

Dec. 18, 2018 7:02 PM EST

NEW YORK (AP) — Dwayne Braithwaite is a rarity in New York City's sightseeing cruise industry: a black owner whose raucous party boats are filled with mostly black patrons from the city's West Indian community. So, when his vessels were ousted from city-owned docks in Brooklyn last summer while booze...

Genoa announces $229M project to replace collapsed bridge

Dec. 18, 2018 1:12 PM EST

MILAN (AP) — Genoa's mayor on Tuesday announced that a 202-million-euro ($229 million) project by hometown architect Renzo Piano inspired by a naval ship has been chosen to replace the Morandi Bridge that collapsed last summer, killing 43 people. The project will be carried out by three Italian firms,...

CBS denies former CEO Les Moonves $120 million severance

Dec. 18, 2018 2:19 AM EST

NEW YORK (AP) — CBS announced Monday that former CEO Les Moonves will not receive his $120 million severance package after the board of directors concluded he violated company policy and was uncooperative with an investigation into sexual misconduct allegations. The decision, which came after a five-month...

Asian shares slip as traders ready for Fed rate hike

Dec. 17, 2018 10:46 PM EST

SINGAPORE (AP) — Asian stocks fell on Tuesday, tracking losses on Wall Street as traders braced for an interest rate hike by Federal Reserve. KEEPING SCORE: Japan's Nikkei 225 index was 1.2 percent lower at 21,242.66 and the Kospi in South Korea dropped less than 0.1 percent to 2,070.54. Hong Kong's Hang...

Flynn's ex-business associates charged with illegal lobbying

Dec. 17, 2018 5:17 PM EST

ALEXANDRIA, Va. (AP) — Two business associates of Michael Flynn, President Donald Trump's former national security adviser, were charged Monday with illegally lobbying for Turkey as part of a campaign to pressure the United States to expel a Turkish cleric. Bijan Kian and Ekim Alptekin are accused in an...

Ex-bank CEO sentenced to 4 years, $137 million restitution

Dec. 17, 2018 3:06 PM EST

OKLAHOMA CITY (AP) — The former president and CEO of a shuttered Oklahoma bank has been sentenced to four years in a federal prison and ordered to pay more than $137 million in restitution for making false statements. Federal prosecutors say 68-year-old John Arnold Shelley of Oklahoma City was sentenced on...

Nissan board meets but no chairman picked to replace Ghosn

Dec. 17, 2018 6:40 AM EST

YOKOHAMA, Japan (AP) — Nissan's board met Monday but failed to pick a new chairman to replace Carlos Ghosn, who was arrested last month on charges of violating financial regulations, saying more discussion was needed. Nissan Motor Co. Chief Executive Hiroto Saikawa told reporters that the board approved a...

Nissan to replace rock-star chairman amid arrest scandal

Dec. 17, 2018 12:37 AM EST

TOKYO (AP) — Nissan's board is meeting to pick a chairman to replace Carlos Ghosn, arrested last month on charges of violating financial regulations. Monday's meeting comes amid an unfolding scandal that threatens the Japanese automaker's two-decade alliance with Renault SA of France and its global brand,...

The Latest: Pompeo condemns China's detention of 2 Canadians

Dec. 14, 2018 1:55 PM EST

WASHINGTON (AP) — The Latest on talks between the U.S. and Canada (all times local): ___ 1:50 p.m. U.S. Secretary of State Mike Pompeo says the detention of two Canadian citizens in China is unlawful and is calling for them to be released. China detained the two Canadians this week in apparent retaliation...