The trustee recovering assets for victims of convicted Ponzi-scheme operator Bernard Madoff filed suits alleging customer assets were diverted to businesses to enrich Mr. Madoff's family members.
Charles River Laboratories and China's WuXi PharmaTech have mutually agreed to terminate their $1.6 billion deal because of opposition by Charles River shareholders.
A sharp increase in U.S. Army suicides is likely due to an increase in a range of stresses on soldiers both at home and in war zones, a top Army officer said.
A series of Japanese data contain good and bad news, with worse unemployment and industrial output than expected, but surprisingly strong household spending, and deflation roughly in line with forecasts.
BP is in talks to sell its stakes in oil projects in Venezuela to its Russian joint venture TNK-BP, part of a $30 billion asset disposal program designed to help it meet the costs of the Gulf of Mexico oil spill.
Motorola reported higher profit and stabilized its long revenue decline, as the company's wager on smart-phones running Google's software began to pay off.
House and Senate leaders, deadlocked over an FAA bill including plans for air-traffic control improvements, have compromised on a slimmed-down measure to enhance airliner safety.
Citigroup will pay $75 million to settle regulatory charges that it failed to disclose $40 billion in subprime exposure to investors in the second and third quarters of 2007.
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