Nasdaq to Pay $10M to Settle Facebook IPO Claims
Nasdaq agrees to pay $10 million to settle civil charges stemming from mistakes made during Facebook's initial public offering last year.
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Market Minute: EU Slaps Microsoft with $733 Million Fine
European regulators have fined Microsoft $733 million for failing to give users of its Windows system a choice of Internet browsers. The company had settled an antitrust dispute four years ago by saying it would offer alternatives to its Internet Explorer, but failed to do so for more than a year.
Big Retailers Fined for Pushing Phony Bamboo Fabrics
Macy's, Amazon and Sears have all agreed to fork over hundreds of thousands of dollars each in fines after the Federal Trade Commission busted them for passing off Rayon fabrics as genuine, environmentally friendly bamboo.
NYSE Paying $5 Million Fine to Settle Charges on Data
The New York Stock Exchange is paying $5 million to settle federal civil charges that it gave some customers an unfair head start by providing them with trading data ahead of the wider public. It marked the first time the Securities and Exchange Commission ever imposed a fine on an exchange.
Capital One to Refund Customers $150 Million to End Card Probe
Capital One Bank will pay $210 million to settle charges that it pressured credit card customers to buy costly add-on services like payment protection and credit monitoring. About $150 million of that fine will go directly to 2.5 million of its customers.
American Airlines Fined Record $24 Million for Safety Violations
American Airlines was hit with a record $24.2 million fine by the Federal Aviation Administration on Thursday for failing two years ago to comply with mandatory safety rules.
SEC Pays Informants $1 Million in Insider-Trading Case
Exploiting a rule that allows the SEC to give money to sources in insider trading cases, the agency has award $1 million to a source in a case involving Pequot Capital Management.
