Hilton's ego may have taken a bruising blow from its settlement with Starwood, but its finances likely won't, analysts say. As part of the deal, Hilton has agreed to take itself out of the boutique-hotel-style market to settle allegations that it stole trade secrets from Starwood.
On Monday, the Supreme Court agreed to decide whether all the female employees who claim Walmart discriminated against them can sue the world's largest retailer as a class, and if they can, whether they can sue for back pay or only for judicial orders to force it to change its behavior.
Seven companies involved in the oil and gas industries will pay the U.S. government a total of $236.5 million to settle corruption charges. An investigation by the SEC and the Justice Department alleges that the companies bribed overseas officials to lower customs duties, extend drilling contacts and streamline the permit process for oil drilling.
German software company SAP has agreed to pay its larger competitor, Oracle, $120 million to partially settle allegations of intellectual-property theft. But it's only the first part of the settlement; you can expect more to come.
Google plans to pay out an $8.5 million settlement as part of a privacy class action lawsuit against its Gmail Buzz feature, the Internet giant said Tuesday.
After allegations of deceptive marketing from eight states, Wells Fargo has reached a settlement agreement. The bank will forgive $772 million in risky home loans and will pay $24 million to help reduce the impact of foreclosures on various communities.
Cisco Systems and Westcon Group North America agreed to pay $48 million to settle charges they paid kickbacks and referral fees to win government business, and then recouped those costs and more by overcharging the government for their services.
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.
Carl Greene ran the Philadelphia Housing Authority for years with little oversight, until recent revelations about a series of scandals from sexual harassment to financial mismanagement landed him in hot water. But Greene's misdeeds may be just a symptom of the problematic culture of U.S. housing authorities.
After years of battle, the Federal Trade Commission plans to report details of an antitrust settlement with Intel on Wednesday.
