Russia’s energy industry will be denied detonators from the U.S. used for oil and gas drilling as the Obama administration expands its response to the annexation of Crimea by suspending sales of goods with military uses.
Broadcom Corp. stands out as one of the biggest beneficiaries from orders from Apple Inc., whose need for parts that go into iPhones and iPads represents a bright spot for a semiconductor industry plagued by weak demand.
Carl Shapiro, one of the first clients of Bernard Madoff’s investment firm, and 19 members of his family agreed to forfeit $625 million in profits from the con man’s fraud, settling potential lawsuits against them.
Fininvest SpA, the investment company of Prime Minister Silvio Berlusconi, was ordered to pay Compagnie Industriali Riunite SpA more than 540 million euros ($770 million) by an Italian court. Fininvest said it will appeal.
Royal Bank of Scotland Group Plc asked a London appeal court to block Highland Capital Management LP from suing it in Texas over a collapsed debt deal even though one of the lender’s witnesses lied at a previous hearing.