Business

Fannie Mae (FNMA.OB) has reached a $170 million settlement of a lawsuit accusing it of misleading shareholders about its finances, risk management and mortgage exposure before it was seized by the U.S. government during the 2008 financial crisis.

Two French entrepreneurs have launched a portable device to test for the presence of pork in food for use by Muslims who abide by dietary laws.

A U.S. judge said Thursday she would order the assets of Texas entrepreneur Sam Wyly, who once made the Fortune 400 list, temporarily frozen after he filed for bankruptcy.