Pharmaceutical firm Allergan has settled criminal and civil charges that it promoted Botox for uses the FDA hadn't approved, agreeing to pay $600 million and enter into a "corporate integrity agreement." Allergan also dropped its related First Amendment lawsuit against the FDA.
The Justice Department, which has been investigating bribes Hewlett-Packard allegedly paid in Russia, has asked the company to voluntarily turn over internal records.
Two federal agencies are investigating whether drugmaker Merck & Co. violated the Foreign Corrupt Practices Act, which bars U.S. companies from bribing foreign officials.
Hewlett-Packard shares rose in after-hours trading after the company agreed to settle a lawsuit from the Justice Department, which claimed the company paid kickbacks to get recommendations for government work. The settlement will cost 2 cents per share.
Now that they are nearly done squeezing Swiss bank UBS for information about its wealthy tax-dodging clients, the IRS and the Justice Department are moving on to new tax fraud targets: Clients of London-based bank HSBC Holdings, mostly those with ties to India and Singapore.
The Department of Justice may file suit Tuesday over Arizona's controversial immigration law, but if the lawsuit is crafted as has been rumored, it will frustrate all sides in the debate, because it avoids the merits of the law and focuses instead on Arizona's lack of authority to enact it.
Intel has been sued a few times for monopolistic behavior in the chip market, but the current Federal Trade Commission case is different from the others. The FTC isn't seeking monetary damages or penalties: It wants Intel to change how it does business.
In order to enforce net neutrality rules, the FCC is reclassifying Internet service providers into the same regulatory "box" as phone companies. The move gives the FCC the authority to drastically improve broadband competition -- but the FCC has decided it won't use that power.
Microsoft criticized Google for failing to adequately respond to a recent European Commission investigation into its market share and practices. In a blog post, Microsoft's deputy general counsel wrote that Google is trying to place the blame on Microsoft, rather than take responsibility for its own actions.
Amid the media frenzy over Tiger Woods, a key aspect was overlooked: He was not alone as a male victim of domestic violence. And beyond its physical and psychological costs, domestic violence against men exacts an economic toll.
Live Nation and Ticketmaster Entertainment reportedly received approval to merge, paving the way for a titanic entertainment company handling ticketing, artist management and live music, with exclusive booking deals with over 125 venues.
Google continued its seemingly unstoppable climb upward in search market share in December. The Web giant's search engine accounted for 65.7% of Americans' 14.7 billion searches for the month, up from 65.6% in November. No. 2 Microsoft's share lagged far behind at 10.7%.
Johnson & Johnson shares are rebounding as the drug maker recovers from federal charges it paid kickbacks to a pharmacy company to boost sales of its drugs to nursing-home patients. Meantime, the Food and Drug Administration accused it of being too slow with its product recall during a Tylenol scare.
