BP shares slumped 5 percent after a judge ruled that the oil giant's reckless conduct led to the worst U.S. offshore oil spill, a decision that could cost BP an additional $17.6 billion.
A Maine company is recalling more than 25,000 pounds of beef dating to last November for failure to remove tissues that could potentially allow transmission of mad cow disease.
Though some aspects of the case against Buckyballs are unique, there are several lessons for manufacturers based on the Consumer Product Safety Commission's approach to its enforcement action against Buckyballs.
Starting Tuesday, lawyers for Detroit will attempt to convince a federal judge at the city's bankruptcy trial that its plans to wipe out the city's billions of dollars in debt should be approved.
Based on a survey, foreign companies in China feel increasingly targeted for unfair enforcement of anti-monopoly and other laws and might cut investment if conditions fail to improve.
A New Jersey company is recalling more than 8,300 pounds of chicken cutlets because of possible listeria contamination.
A stuffed toy company is suing CBS over a farting hippo puppet used in the crime drama 'NCIS.'
Being able to track a part, product or component through a manufacturing process can go a long way in preventing defects, recalls, product returns and combating counterfeit components.
One of Maine's major lobster processors says it has addressed a battery of violations brought forth by the Food and Drug Administration, but the federal agency says it has not yet cleared the firm of violations.
The USDA's Food Safety and Inspection Service says a Southern California food firm has recalled nearly 93,000 pounds of fully cooked chicken Caesar salad kits sold at Sam's Club stores over concerns of possible listeria contamination.
Spiders and their tangled webs have forced Suzuki to recall more than 19,000 midsize cars.
An eight-month investigation into brake problems with some older Toyota Camry gas-electric hybrids has been closed without a recall.
Federal regulators are seeking public comment on smokeless tobacco maker Swedish Match's request to certify its General-branded pouches of tobacco as less harmful than cigarettes.
U.S. safety regulators are investigating a complaint that front brake hoses can fail on some Ford Explorer Police Interceptor SUVs.
It appears that the threat of new Food and Drug Administration (FDA) regulations in the cheese industry hasn’t gotten old and moldy just yet.
Thousands of farms that supply Nestle with their dairy, meat, poultry and eggs will now have to comply with tighter animal welfare standards. Nestle has signed an agreement pledging to improve the welfare of the farm animals in its supply chain.
The coal-to-gas plants are part of a controversial energy revolution China hopes will help it churn out desperately needed natural gas and electricity while cleaning up the toxic skies above the country's eastern cities.
An Alberta court has fined the company that owns the largest beef processing plant in Canada $80,000 for breaking an environmental law.
The senator is challenging the so-called Third Party Doctrine. It holds that citizens' information in the hands of third parties, like phone companies, becomes business records and is not subject to the same rigorous search-warrant process as other personal effects.
China's government said Monday it has concluded Mercedes-Benz violated anti-monopoly law and charged excessive prices for parts, adding to a growing number of global automakers snared in an investigation of the industry.
Plans to regulate cigars and other tobacco products the same way as cigarettes may threaten one of the nation's top-selling cigar brands — Black & Mild.
A locally built Iranian passenger plane crashed shortly after takeoff in Tehran on Sunday, killing 39 people and reviving questions about the safety of a cash-strapped aviation sector left hobbled by international sanctions.
Hyundai has agreed to pay a $17.35 million fine for delayed reporting of a brake defect affecting Genesis luxury cars, the National Highway Traffic Safety Administration said Thursday.
Pfizer will pay $35 million to resolve allegations by 42 states that its subsidiary, Wyeth Pharmaceuticals, illegally marketed an organ transplant drug for unapproved uses.
The EPA, as well-intentioned as it may be, is often met with staunch opposition from the industrial sector and the political right. Backing the EPA, more frequently than not, are environmentalist and the left. But who’s right, and is there a clear winner?