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Trial to centre on whether Ghosn caused losses to Nissan
TOKYO: Former Nissan Motor Co chairman Carlos Ghosn, who was indicted Friday on charges including aggravated breach of trust in violation of the Companies Law, has made clear his confrontational stance against prosecutors on charges that also include violation of the Financial Instruments and Exchange Law by understating his executive remuneration in the company’s securities reports
Mt. Gox chief denies embezzlement as trial opens
TOKYO: The 32-year-old chief executive of defunct Mt. Gox pleaded not guilty to charges relating to the loss of hundreds of millions of dollars worth of bitcoins and cash from what was once the world’s biggest bitcoin exchange.
Aetna starts bid to salvage Humana deal in US antitrust trial
WASHINGTON: Aetna Inc’s attempt to assuage US antitrust concerns over its US$37bil takeover of Humana Inc by selling assets to a smaller company landed with a resounding thud.
Microsoft Says Wins Patent Trial Against Google's Motorola
SEATTLE: Microsoft Corp said on Wednesday a jury decided in its favor in the second of two trials in federal court in Seattle concerning Motorola's licensing of so-called standard, essential patents used in Microsoft products.
'Massive fraud' at centre of trial against BofA over U.S. mortgages
NEW YORK: Bank of America Corp's Countrywide unit placed profits over quality in a "massive fraud" selling shoddy mortgages to Fannie Mae and Freddie Mac, a U.S. government lawyer said on Tuesday.
UBS to fight US bid for clients’ names in trial
UBS said it will fight in court a US bid to force it to disclose the names of bank clients suspected of tax evasion, which if successful could severely undermine Switzerland's private banking industry.
Sanofi halts work on 3 late-stage trial drugs
PARIS (AP) - Sanofi-Aventis has halted work on three experimental drugs including a once-promising depression treatment in order to focus its research and development efforts elsewhere, the European pharmaceutical giant said Wednesday.
Ringling circus heirs go to trial over bereavement fight
WASHINGTON: The late multimillionaire owner of Ringling Bros. and Barnum Bailey circus, Irvin Feld, left a renowned business stunningly at odds with a bitter family legacy.
Apple, Samsung CEOs talk but no trial settlement reached
SAN JOSE, California: The chief executives of Apple Inc and Samsung Electronics Co Ltd have talked but did not settle the high stakes patent dispute between the two electronics companies, a Samsung attorney said in court on Monday.
Ex-Sasebo executives get suspended sentences in fraud trial
Two former executives of Sasebo Heavy Industries Co. were given suspended prison sentences for defrauding a government work subsidies program of 377 million yen (US$3.2 million), a court official said Wednesday.
