A federal securities regulator on Thursday called for an end to the long-running debate over whether the United States should switch to global accounting standards, saying alternatives should be explored that incorporate the best of the U.S. rules.
The global financial system is safer but there is no room for complacency because of concerns about the international bond market, Financial Stability Board Chairman Mark Carney said on Thursday.
The former chief executive and founder of hipster clothing brand American Apparel Inc (APP.A), Dov Charney, is claiming $40 million in damages for a breach of employment contract, his attorney said.
Patent holding company Intellectual Ventures' second crack at holding Motorola Mobility liable for using its technology without permission partially succeeded on Wednesday after a U.S. jury in Delaware found Motorola infringed a patent on multimedia text messaging.
