A top U.S. Securities and Exchange Commission official said on Tuesday the agency's the "broken windows" enforcement strategy, of pursuing violations big or small, hinders its ability to set priorities and maintain robust, healthy markets.
Former UBS bank executive Raoul Weil was the mastermind of the Swiss bank's illegal offshore operations that helped thousands of Americans evade taxes, prosecutors said at the start of his federal trial on Tuesday.
The U.S. Supreme Court on Wednesday is set to wade into Teva Pharmaceutical Industries Ltd's fight over patent protections for Copaxone, its top-selling multiple sclerosis drug, in one of the most important business cases of the justices' new term.
High-ranking military officials from North and South Korea met secretly on Wednesday to discuss recent border altercations that involved gun fire, a South Korean opposition lawmaker and news reports said.
