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.
Access Bank Plc of Nigeria won a 653 million-pound ($1.02 billion) fraud lawsuit in Britain against Erastus Akingbola, the former chief executive officer of bailed- out Intercontinental Bank Plc, which it acquired last year.
Royal Bank of Scotland Group Plc lost its bid to block Highland Capital Management LP from suing it in Texas for fraud and unjust enrichment in the collapse of a collateralized-debt obligation, a London judge ruled.
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.
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.
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 U.K. judge to block a $100 million lawsuit filed by Highland Capital Management LP in Texas that accuses the lender of fraud and unjust enrichment over a failed collateralized-debt obligation.