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Corporate News 14 Jan 2019 | 12:00 AM

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

Business 12 Jul 2017 | 12:00 AM

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.

Business 06 Dec 2016 | 12:00 AM

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.

Business 05 Sep 2013 | 9:19 AM

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.

Business 25 Sep 2013 | 8:41 AM

'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.

Business 26 Feb 2009 | 12:00 AM

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.

Business 29 Apr 2009 | 12:00 AM

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.

Business 04 May 2011 | 12:00 AM

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.

Business 21 Aug 2012 | 12:00 AM

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.

Business 05 Mar 2003 | 12:00 AM

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.