The judge overseeing the mysterious bankruptcy of an Apple Inc sapphire supplier on Wednesday voiced skepticism over requests for secrecy and compared the iPhone maker to a demanding homeowner unhappy with how a construction project turned out.
Indian generic drugmaker Ranbaxy Laboratories Ltd said it has agreed to pay $39.75 million to settle litigation concerning its participation in Texas Medicaid, the U.S. federal-state healthcare program for people with low incomes.
The U.S. Federal Reserve will meet next week to adopt a rule requiring that banks keep some risk on their books when they sell loans, addressing a crucial issue that helped set off the 2007-09 credit crisis.
Magnus Peterson, the founder of the $600 million Weavering hedge fund that collapsed in the wake of the credit crisis in 2009, pleaded not guilty to 16 fraud-related charges at his London trial on Tuesday.
