Construction equipment company Caterpillar Inc on Friday said the U.S. Securities and Exchange Commission is investigating how it accounted for its July 2011 purchase of Bucyrus International Inc.
Herbalife Ltd would pay $15 million to settle an 18-month battle over a class action lawsuit brought by a former distributor claiming that the nutrition and supplements company is running an alleged pyramid scheme, according to a U.S. court filing.
A divided U.S. appeals court rejected UBS AG's (UBSN.VX) bid to force Nasdaq OMX Group Inc (NDAQ.O) to arbitrate a dispute over the exchange operator's alleged "catastrophic mismanagement" of Facebook Inc's (FB.O) $16 billion initial public offering.
A former U.S. Marine, who had been held in Mexican jail for months after arriving at the border from California with guns in his vehicle, was freed on psychological grounds on Friday, a Mexican court said.
