Some companies use in-home shopping parties to get customers to spend on items like jewelry and Tupperware in the company of friends -- and a lot of alcohol. Diageo Plc is going straight to the fun by shipping liquor and bartenders to clients’ living rooms.
New York City won a bid for a federal appeals court to return lawsuits over stop-and-frisk police tactics to a lower court while Mayor Bill de Blasio’s administration pursues a settlement over the practice.
Between scouting banquet halls for eighth-grade graduation and disciplining a boy who bit a classmate, Principal Aaron Rucker spotted five gang members near William H. Ryder Elementary and pulled his silver Range Rover to the curb.
Lehman Brothers Holdings Inc.’s Australian unit is liable for losses three towns incurred from buying failed securities, a judge ruled. The lawsuit’s sponsor said the case is the first of its kind to complete a trial.
Australian towns, churches and charities are scheduled to vote Oct. 17 on a proposal by a Lehman Brothers Holdings Inc. unit and its insurers to pay them about $48 million to cover part of their investment loss claims.
Royal Bank of Scotland Group Plc and Standard & Poor’s were sued in the Netherlands by 16 investors over a complex derivative product that fell in value by as much as 90 percent during the financial crisis.
The Justice Department suit against Standard & Poor’s has entered a phase where lawyers spend months arguing over procedure, and progress is slim. Tony West, who’s overseeing the case. knows the feeling: His nomination to become the agency’s No. 3 official has been blocked for half a year.
The sale of Woori Investment & Securities Co. in the biggest takeover of a South Korean broker may spark consolidation among local securities firms, furthering the government’s goal of creating a national champion.
Chesapeake Energy Corp., the most active U.S. oil and natural-gas driller, said it is selling part of its holdings in the Utica Shale oil and gas field in Ohio for $1.14 billion. Its shares rose 6 percent.