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Singaporean Tanker Operator Pleads Guilty To Oily Bilge Dumping
Thursday, February 27, 2020 - 10:13am | 252The U.S. Department of Justice said in a press release on February 26 that a Singapore-based tanker operator pleaded guilty in a northern California district court to illegally dumping oil bilge into the sea. According to the department, Unix Line PTE Ltd.'s 16,408 gross-ton tanker, Zao Galaxy,...
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Huawei Charged By US Authorities With Conspiracy To Steal State Secrets, Racketeering
Friday, February 14, 2020 - 6:06am | 573Chinese telecommunications giant Huawei Technologies Ltd. has been charged with conspiracy for racketeering and stealing trade secrets in the United States. What Happened The Department of Justice announced Thursday that a 16-count superseding indictment was returned by the US District Court for...
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Live Nation Spikes On Settlement With Justice Department
Thursday, December 19, 2019 - 5:35pm | 501The federal agreement that allowed concert promoter Live Nation Entertainment, Inc. (NYSE: LYV) to merge with Ticketmaster but required it to operate under certain conditions in its dealings with venues to preserve competition will continue for at least five more years. The news appeared to...
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DOJ Emphasizes Business Cooperation For Export Penalty Mitigation
Monday, December 16, 2019 - 3:14pm | 518The U.S. Justice Department (DOJ) has updated its 2016 policy to encourage companies to voluntarily self-disclose export control and sanctions violations to the department. The department said the revised Export Controls and Sanctions Enforcement Policy for Business Organizations signals its "...
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Antitrust Suit Could Block AT&T's Purchase Of Time Warner
Thursday, November 2, 2017 - 11:35am | 501AT&T Inc. (NYSE: T) is in settlement talks with the Department of Justice that may lead to conditional approval of its Time Warner Inc (NYSE: TWX) acquisition, according to Dow Jones. But regulatory support is all but guaranteed. The DOJ is preparing an antitrust lawsuit to block the $85.4...
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All Smoke, No Fire? Trump Officials Threaten Changes In Work Visas For Foreigners
Tuesday, April 4, 2017 - 10:43am | 687Vowing to make good on a threat that has worried tech firms, the Trump administration has announced steps to make it tougher for foreigners with “computer-related” skills to find work in the United States, rescinding the current, more liberal rules. But the moves still fall short of the...
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Could Telecom Mergers Lead To Higher Bills For Customers?
Monday, June 15, 2015 - 3:20pm | 515Several major telecom companies, as well as Amazon.com, Inc. (NASDAQ: AMZN), have come under recent scrutiny from the European Union, as concerns over market dominance continue to grow. Among the EU’s expressed risks for consumers are more expensive bills and reduced innovation as a result...
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Taser Hits All-Time High, Digital Ally Up 20% Amid Government Support Of Body Cameras
Monday, May 4, 2015 - 8:19pm | 244Shares of Digital Ally, Inc. (NASDAQ: DGLY) and TASER International, Inc. (NASDAQ: TASR) moved higher Monday following further government discussions over law enforcement in the United States. TASER gained over 4 percent to close at an all-time high of $33.70 riding on Friday’s news that...
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General Motors Financial Issued Subpoena
Monday, August 4, 2014 - 11:27am | 160General Motors (NYSE: GM) shares have traded higher and lower Monday morning on news of a subpoena issued July 28 to General Motors Financial Company, Inc. The company was served with a subpoena by the U.S. Department of Justice directing it to produce certain documents relating to its and its...
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General Motors, Following In Toyota's Footsteps, Appoints Chief Safety Czar
Wednesday, March 19, 2014 - 2:32pm | 633General Motors (NYSE: GM) on Tuesday announced the appointment of a new global safety executive yesterday. CEO Marry Barra has named Jeff Boyer the vice president of global vehicle safety. In this newly-created position, Boyer will be responsible for the safety development of GM vehicle systems,...
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303 Deaths Linked To Failed Airbags In GM Vehicles
Friday, March 14, 2014 - 3:57pm | 639When it rains for General Motors (NYSE: GM), it pours. A review of federal crash data from an automotive watchdog group found that 303 deaths of drivers and front-seat passengers were caused by airbags that did not deploy in recalled GM vehicles. The automaker recalled 1.6 million vehicles last...
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Justice Department Digging Deeper in Probe of Wal-Mart Bribery Allegations
Wednesday, December 4, 2013 - 3:08pm | 242The U.S. Department of Justice's (DOJ) investigation of alleged bribery at Wal-Mart (NYSE: WMT) is wider and deeper than previously thought. Reuters reported that the world's largest retailer is now paying the legal bills for at least 30 executives caught up in the scandal. “Those numbers suggest...
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BP's Chance of Swift Settlement Slips Further Away
Wednesday, September 5, 2012 - 9:12am | 541Integrated oil and gas company BP plc (NYSE: BP) has come up against a fair amount of criticism in recent years following the 2010 Gulf of Mexico oil spill, with the U.S. Justice Department now calling the company's conduct during that period willful and grossly negligent. Due to the fresh...
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Deutsche Bank to Cut 1,900 Jobs
Tuesday, July 31, 2012 - 4:18pm | 285Germany's largest bank is handing out pink slips. Deutsche Bank says it will eliminate 1,900 jobs by the end of the year. The news comes as Deutsche Bank said its second quarter profit dropped 46 percent to 650 million euros. Overall, the company's corporate banking and securities division, where...
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Justice Department Smacks Down Apple
Wednesday, April 11, 2012 - 3:13pm | 878Somewhere in the world, Amazon execs are quietly cheering. Apple (NASDAQ: AAPL) is among one of six corporations being sued by the U.S. Justice Department, which alleges that the Mac maker colluded with five major book publishers to raise the price of e-books, the Washington Post reports....