Latest Corporate legal affairs News

Huawei CFO gets bail; China detains ex-Canadian diplomat

Dec. 12, 2018 12:25 AM EST

VANCOUVER, British Columbia (AP) — A Canadian court granted bail Tuesday to a top Chinese executive arrested at the United States' request in a case that has set off a diplomatic furor among the three countries and complicated high-stakes U.S.-China trade talks. Hours before the bail hearing in Vancouver,...

Ex-Bloomberg LP executive among those arrested in fraud case

Dec. 11, 2018 7:51 PM EST

NEW YORK (AP) — The former head of construction at Bloomberg LP cooked up a lucrative side business, prosecutors say: an electrical contractor that he kept humming with $250 million worth of business from the global media and financial information company. Prosecutors say Anthony Guzzone's "brainchild" was...

The Latest: Trump says he could intervene in Huawei case

Dec. 11, 2018 7:28 PM EST

VANCOUVER, British Columbia (AP) — The latest on the arrest in Canada of Chinese tech executive Meng Wanzhou. (all times local): 4:25 p.m. President Donald Trump says he would consider intervening in the Justice Department's case against a top Chinese executive if it would be in the interest of U.S....

With new board in place, CBS to decide Moonves' exit pay

Dec. 11, 2018 5:46 PM EST

NEW YORK (AP) — The newly elected CBS board faces daunting tasks: deciding whether former CEO Les Moonves gets a $120 million exit package following a sexual-misconduct investigation and charting a path for CBS to recover after the scandal. CBS shareholders ratified the 11 board members, including six new...

Former Ford Argentina executives sentenced in torture cases

Dec. 11, 2018 3:46 PM EST

BUENOS AIRES, Argentina (AP) — An Argentine court on Tuesday sentenced two former Ford Motor Co. executives to prison for helping agents of the country's former dictatorship round up 24 Argentine union workers who were tortured and held in military jails. The courtroom was crowded with some of the victims...

Lawsuit: Gas company knew rig was unsafe before explosion

Dec. 11, 2018 1:57 PM EST

QUINTON, Okla. (AP) — Drilling company officials ignored multiple warnings that safety equipment at an Oklahoma gas well was malfunctioning before an explosion that killed five workers and badly injured another, the family of one of the dead workers contends in a recent court filing. Parker Waldridge's...

The Latest: Trump " says developments in US-China trade

Dec. 11, 2018 11:02 AM EST

WASHINGTON (AP) — The Latest on the back and forth between China and the U.S. over trade, technology and the arrest of an executive of the Chinese network gear company Huawei Technologies. (All times local): 11 a.m. President Donald Trump is hinting that "important announcements" are coming regarding...

The Latest: CBS meeting wraps up with no mention of Moonves

Dec. 11, 2018 9:46 AM EST

NEW YORK (AP) — The Latest on CBS annual shareholder meeting (all times local): 9:45 a.m. Mum's the word. The twice-postponed CBS shareholders meeting has wrapped up in less than 30 minutes. There was no mention of the scandal enveloping former CEO Les Moonves, who was ousted in September after multiple...

Detention of Nissan's Ghosn extended through Dec. 20

Dec. 11, 2018 7:03 AM EST

TOKYO (AP) — A Tokyo court ruled Tuesday that Nissan Motor Co.'s former chairman, Carlos Ghosn, and another executive will remain in custody through Dec. 20, more than a month after their arrest. Their detention could continue for months more under the Japanese legal system. The Tokyo District Court said...

Retail chain Cato to settle federal discrimination probe

Dec. 11, 2018 1:25 AM EST

CHARLOTTE, N.C. (AP) — Federal officials say a nationwide investigation found that a North Carolina women's clothing retail chain discriminated against pregnant workers and workers with disabilities. The Charlotte Observer reports The Cato Corporation has agreed to pay $3.5 million to settle the U.S. Equal...