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Home » Archives by category » Business News (Page 19)

Hostess Told it Can Begin Liquidation Process

Hostess Told it Can Begin Liquidation Process

  The company that bakes Twinkies, Hostess Brands Inc., won its court approval to begin shutting down its operations across the country and start selling its assets. It also won…

Final Witness Testifies in Microsoft v Google Patent Battle

Final Witness Testifies in Microsoft v Google Patent Battle

On Tuesday, in a week-long trial in a Seattle federal court, the last expert witness finished giving evidence. The expert witness on behalf of Google said that Microsoft will make…

Mediation Collapses between Hostess and Bakers Union

Mediation Collapses between Hostess and Bakers Union

  Reuters is reporting that Hostess Brands Inc is going to pursue going out of business after its last-minute discussions with one of its unions collapsed on Tuesday night. The…

Denny’s Tries to Distance Itself from John Metz’s Comments

Denny’s Tries to Distance Itself from John Metz’s Comments

  Denny’s franchise owner John Metz has been contacted by Denny’s chief executive John Miller to let him know of his ‘disappointment’ for statements made about Obamacare.   “We recognize…

Hostess and Bakers Union Meet in Mediation

Hostess and Bakers Union Meet in Mediation

  In an effort to save over 18,000 jobs, bankruptcy judge Robert Drain decided to delay the bid by Hostess Brands Inc. to close its business and sell its factories,…

U.S. International Trade Commission to Review Apple v Samsung Conflict

U.S. International Trade Commission to Review Apple v Samsung Conflict

The U.S. International Trade Commission has announced that it would be reviewing the preliminary ruling in September made by an administrative law judge that held Apple did not violate any…

NY Federal Reserve Wins Lawsuit Filed by AIG’s Greenberg

NY Federal Reserve Wins Lawsuit Filed by AIG’s Greenberg

  United States District Judge Paul Engelmayer dismissed the lawsuit filed by Maurice Greenberg that accused the Federal Reserve Bank of New York for unlawfully bailing out American International Group…

JPMorgan and Credit Suisse Settle U.S. Civil Charges for $417 Million

JPMorgan and Credit Suisse Settle U.S. Civil Charges for $417 Million

Regulators said on Friday that JPMorgan Chase & Co and Credit Suisse Group AG will be paying a combined $416.9 million to settle charges against them for misleading investors over…

Lawyers for BP Employees Claim Clients were Targeted Unfairly

Lawyers for BP Employees Claim Clients were Targeted Unfairly

  Attorneys for two employees of BP said that they were unfair targets of the United States government in an unfair investigation. The two employees were charged with manslaughter in…

Ikea Apologizes for Using Forced Labor in Communist East Germany

Ikea Apologizes for Using Forced Labor in Communist East Germany

Ikea apologized this Friday for their use of prisoner labor in communist East Germany in the 1980s. After a Swedish television documentary which aired in June exposed them Ikea commissioned…