On Jan. 1, Latvia will adopt the euro, and its lats currency will be no more. Farewell to the bearded Krisjanis Barons, the collector of folk songs who graces the 100-latu note. The Baltic nation is shucking a piece of its heritage because its leaders predict joining Europe’s common currency zone will lead to more trade and prosperity.
A lawsuit in which Wedbush Securities Inc. accused two former employees and Liquidnet Holdings Inc. of taking customer lists and documents should be dismissed or stayed, Liquidnet said in court papers.
Tesoro Corp . was fined $2.39 million by Washington regulators, the largest penalty for workplace safety violations in the history of the state, for an April 2 explosion at its Anacortes refinery that killed seven people.
Sinovel Wind Group Co., the world’s second-biggest wind-turbine maker, said American Superconductor Corp. is seeking more than 37.9 million yuan ($6 million) for software copyright violations in a claim filed at the Beijing First People’s Court.
Impax Laboratories Inc. said it settled patent litigation with Abbott Laboratories and its Fournier Laboratories Ireland Ltd. unit, permitting Impax to sell a generic version of the cholesterol drug TriLipix as early as 2013.