The U.S. Supreme Court agreed to consider longstanding business complaints that states including California are undermining the benefits of arbitration by requiring that consumers be allowed to press cases as a group.
AT&T Inc., the second-largest U.S. wireless carrier, sold more than 10 million smartphones in the fourth quarter, setting a record, after demand for the iPhone and Android devices spurred holiday sales.
Lloyd’s of London asked a U.S. judge to declare that it and Transocean Ltd. ’s other excess-insurance carriers have no obligation to cover BP Plc clean up and damage claims resulting from the Gulf of Mexico oil spill.
While prosecutors await a jury’s verdict in the trial of Galleon Group LLC’s Raj Rajaratnam, they may take comfort that four defendants tied to the insider- trading probe that began with him are pursuing plea deals.
Bernard Madoff’s investors could lose $3 billion if the liquidator of the con man’s firm doesn’t succeed in overturning a judge’s ruling that dismissed much of his $1 billion claim against the owners of the New York Mets.