Tag Archives: Jonathan Stempel

Berkshire resumes buying Phillips 66 stock

(Reuters) – Berkshire Hathaway Inc , the conglomerate run by Warren Buffett, has resumed its purchases of Phillips 66 stock, & spent roughly $832 million in January to boost its…

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U.S. hedge fund founder is denied early release in insider case

By Jonathan Stempel NEW YORK (Reuters) – A federal judge on Wednesday rejected hedge fund manager Doug Whitman's request to end his two-year sentence for insider trading early while he…

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J.C. Penney is sued by U.S. over marketing of fiber products

(Reuters) – U.S. officials on Wednesday sued J.C. Penney Co Inc <JCP.N>, accusing the retailer of deceiving consumers by advertising textile fiber products as containing bamboo & bamboo fiber, when…

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Bernanke, Trichet, Brown join Pimco advisory board

(Reuters) – The bond investing firm Pacific Investment Management Co on Monday named two former central bank chiefs & a former British prime minister to sit on a new board…

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Pimco, others sue Citigroup over billions in mortgage debt losses

By Jonathan Stempel (Reuters) – Pacific Investment Management Co & other investors have sued Citigroup Inc over the bank's alleged failure to properly monitor toxic securities backed by more than…

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Google defeats most claims in browser tracking lawsuit

By Jonathan Stempel (Reuters) – A U.S. appeals court upheld the dismissal of federal claims & revived two California state law claims accusing Google of invading computer users' privacy by…

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GoDaddy prevails in lawsuit over Oscar trademarks

By Jonathan Stempel (Reuters) – GoDaddy Inc prevailed in a cybersquatting lawsuit brought by the Academy of Motion Picture Arts & Sciences, which accused the Internet domain registrar of illegally…

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Judge voids $533 million verdict against Apple, sets damages trial

(Reuters) – A federal judge has thrown out a $532.9 million damages award against Apple Inc after a jury found that its iTunes software infringed three patents owned by a…

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Yahoo must face email spying class action: U.S. judge

By Jonathan Stempel (Reuters) – A U.S. judge ordered Yahoo Inc to face a nationwide class-action lawsuit accusing it of illegally intercepting the content of emails sent to Yahoo Mail…

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Madoff feeder fund settles; victims' recovery tops $10.6 billion

By Jonathan Stempel NEW YORK (Reuters) – The trustee recovering money for Bernard Madoff's victims on Monday announced a settlement to recoup $93 million from a "feeder fund" that sent…

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