A U.S. jury found that a former Longtop Financial Technologies chief financial officer was reckless in making untrue statements or omitting facts about the Chinese technology company, a rare verdict among securities class actions.
U.S. regulators expect Internet service providers to sue the government over any changes in the way they are regulated and must reevaluate any proposals to make sure they stand up in court, Federal Communications Commission Chairman Tom Wheeler said at a meeting on Friday.
British insurer Aviva plc said on Saturday it would compensate around 250 annuity customers who had been short-changed because of an error in its sales process.
Chrysler Group LLC said on Friday it was not satisfied with the speed of repairs of recalled Jeep SUVs that face a heightened fire risk and will enhance dealer communication and owner contact to accelerate the process.
