Nov 22, 2014

EU Parliament mulls breaking up Google to curb its dominance in search

The European Parliament is preparing a nonbinding resolution that proposes splitting Google Inc.’s search engine operations in Europe from the rest of its business as one option to rein in the Internet company’s dominance in the search market. European politicians have grown increasingly concerned ...

Sep 27, 2014

Shipping firm in conspiracy case

A Japanese shipping company agreed Friday to pay the U.S. a $67.7 million criminal fine for conspiring to fix prices for international ocean shipments of cars, trucks and other wheeled vehicles at the Port of Baltimore and other locations, the Justice Department said. Kawasaki ...

U.S. closes loopholes to curb corporate tax inversions

Sep 23, 2014

U.S. closes loopholes to curb corporate tax inversions

The U.S. Treasury took action Monday to halt a rising torrent of U.S. companies moving offshore to cut their tax bills, saying the surge in so-called inversions threatened government income. The move to close loopholes that encourage U.S. companies to merge with a foreign ...

Sep 20, 2014

Insider trading solution in digital age: Post-it notes

With no surreptitious phone call or text message on illicit hot stock tips safe from U.S. regulators, Frank Tamayo thought he had a perfect no-tech foil: Post-it notes. According to charges filed Friday by the Securities and Exchange Commission, for more than five years ...

Aug 29, 2014

Kookmin Bank's Japan branches suspended for making improper loans

Kookmin Bank, South Korea’s largest lender, was suspended from conducting new transactions at its branches in Japan for improper lending. The four-month ban takes effect on Sept. 4, the Financial Services Agency said in a statement in Tokyo Thursday. The regulator found that some ...

Aug 19, 2014

China's Xi vows to rein in runaway executive pay

China’s president has promised to rein in “unreasonably high” pay for executives at state companies in an apparent effort to mollify public frustration at the wealth of government-owned industry. President Xi Jinping’s announcement, carried by the official Xinhua News Agency, comes as the ruling ...