On Dec. 6, former Volkswagen engineer Oliver Schmidt was led into a federal courtroom in Detroit in handcuffs and leg irons. He was wearing a blood-red jumpsuit, his head shaved, as it always is, and his deep-set eyes seemed to ask, “how did I get here?” As Schmidt’s wife tried to suppress...

A jury panel in California has ordered the world's largest health-care company Johnson & Johnson to award USD417 million to a 62-year-old woman with ovarian cancer.   The ruling by the jury panel of Los Angeles county Superior Court came on Monday after it found the company was liable...

The European Union Commission on Tuesday slapped technology giant Google with a record fine of 2.42 billion euros or USD 2.7 billion for breaching European Union (EU) antitrust rules by abusing the monopoly it enjoys over internet search.   Google has hinted that it may appeal against...

New Delhi, Stock market major BSE on Wednesday said that all listed entities on its platform need to file their financial results in 'XBRL' mode, in addition to 'PDF' format.   XBRL is a data-rich language for transmitting information via the Internet. It was developed specifically to...

Various media outlets are citing anonymous sources, which say that Federal Bureau of Investigation (FBI) and federal prosecutors have begun an investigation into the matter, which burst into public view this week with the announcement that Wells Fargo was paying $185 million in fines to...