BP Plc’s U.S. investors can’t pursue as a group claims that the company inflated its shares with misleading statements before and after the Gulf of Mexico oil spill, a judge ruled, citing a recent Supreme Court decision.
AT&T Inc., the largest U.S. telephone company, opposes a shareholder resolution urging disclosures of government requests for customer information, calling it impracticable and an effort to “micromanage.”
A historic exodus from municipal mutual funds is propelling the biggest jump in trading in local debt since 2011 as individuals and money managers bet an expanding economy will drive up interest rates.
Former Tyco International Ltd. Chief Executive Officer L. Dennis Kozlowski said he was “completely responsible” for the crimes that led to his 2005 conviction for looting the company -- even though he initially believed he hadn’t done anything wrong.
Accounting firms would have to disclose the name of the partner in charge of a public-company audit as well as all outside firms that worked on the report under a proposal approved by the industry’s regulator.
Gunmakers such as Smith & Wesson Holding Corp. and Sturm Ruger & Co. are boosting firearms sales by building weapons that are more accurate and easier to use, with gun-related U.S. patents at a 35-year high.
In New York, 69 percent of the population rents and the remaining 31 percent are homeowners. And in the past year the New York real estate market has seen an 3.4 percent increase in value, with a median sales price of $565,300, according to Zillow.