Milan prosecutors have ordered the seizure of 1.2 billion euros ($1.5 billion) in assets belonging to the family that runs a troubled steel plant in southern Italy. Prosecutors allege in the order Wednesday that the real estate, stocks and other financial assets belonging to the Riva family were obtained through the misuse of funds belonging to the Ilva steel plant.
Dozens of Indian guest workers are suing an Alabama-based marine and fabrication company, claiming it financially exploited them and forced them to live in squalid conditions after bringing them to work at Gulf Coast shipyards after Hurricane Katrina.
Fiat Industrial is considering moving its tax home to Britain after it completes the merger with its U.S.-based subsidiary CNH. The possible move by the maker of heavy trucks, farm and construction vehicles would be a blow to the new Italian government of Enrico Letta, which is struggling to put public finances in order.
Three former Ford Motor Co. executives were charged Tuesday with crimes against humanity for allegedly targeting Argentine union workers for kidnapping and torture after the country's 1976 military coup. All three were ordered to remain under house arrest on bail of about $142,000 each. Galarraga and Sibilla are Argentines and Muller is described in the indictment as a Czech national.
The Kohler Co. has been ordered in federal court to pay $9.6 million to a Massachusetts manufacturer for infringing on two of its patents for components that reduce exhaust emissions in marine generators. Jurors in U.S. District Court in Boston last week found Kohler willfully infringed on the patents issued in 2008 and 2010.
A Senate panel says Apple Inc. is avoiding paying billions of dollars in U.S. taxes, but the world's most valuable company says it is complying with the laws and pays "an extraordinary amount" in taxes to the U.S. government. Apple Inc. CEO Tim Cook is scheduled to testify Tuesday on Capitol Hill to explain the company's tax strategy.
A Missouri judge on Monday ordered the former head of a failed artificial sweetener plant in Moberly to wear a GPS electronic monitoring device while he awaits trial on felony fraud and forgery charges. St. Charles County Circuit Judge Daniel Pelikan ordered ex-Mamtek CEO Bruce Cole to wear the device while he is at home, the Columbia Daily Tribune reported.
A Swedish prosecutor says three former executives of automaker Saab Automobile AB have been arrested on accounting fraud charges. Prosecutor Olof Sahlgren says the three are "suspected of aggravated attempts to avoid tax controls" by allegedly falsifying parts of Saab's accounts between 2010 and 2011 — a crime that carries a sentence of up to four years in prison.
The immigration debate in Arizona reached a boiling point in 2007 when the state passed a groundbreaking law targeting those often blamed with fueling the nation's border woes: Employers who hire immigrants living in the U.S. illegally.
Five SUVs including the Hyundai Tuscon, Ford Escape, Kia Sportage, Buick Encore and Jeep Patriot earned poor ratings in a tough new crash test. Only two of 13 small SUVs performed well in front-end crash tests done by an insurance industry group, with several popular models faring poorly in the evaluations.
Missouri prosecutors want a judge to let them keep closer tabs on the former head of a failed artificial sweetener plant in Moberly. Attorney General Chris Koster's office said Thursday it has filed a motion in St. Charles County Circuit Court seeking to monitor ex-Mamtek CEO Bruce Cole with a wearable GPS device.
A labor group Apple Inc. joined to assess working conditions at three manufacturing plants in China, where its products are made, says conditions are improving. But employees are still working more hours than the country's legal limit. The Fair Labor Association said Thursday that Apple's largest supplier, Foxconn, has made all recommended improvements to working conditions that were due by the end of December.
Three Ohio drivers are suing Ford Motor Co., claiming the company's six-cylinder EcoBoost engine is defective. The lawsuit says the 3.5-liter V6 EcoBoost engine can shudder, shake and then rapidly lose power while drivers are accelerating.
A judge has slashed a landmark $240 million verdict to $1.6 million for 32 mentally disabled workers who suffered years of abuse by their caretakers. U.S. Senior Judge Charles Wolle entered judgment Tuesday against Henry's Turkey Service of Goldthwaite, Texas. Wolle says he must limit the judgment to $50,000 per employee, the cap included in the Americans with Disabilities Act for businesses with fewer than 101 workers.
A bill backed by auto dealers that effectively blocks California's Tesla Motors Inc. from selling in North Carolina has passed the state Senate. The electric car manufacturer says the bill that passed the Senate unanimously Monday effectively bars it from selling to state residents through its Internet-based model.
A subsidiary of an Indian pharmaceutical company has agreed to pay $500 million in ines and civil penalties for selling adulterated drugs and lying about tests to federal regulators, the Justice Department said Monday. The guilty plea by Ranbaxy USA Inc. represents the largest financial penalty by a generic drug company for violations of the Federal Food, Drug and Cosmetic Act, which prohibits the sale of impure drugs, prosecutors said.
An 83-year-old nun and two fellow protesters were convicted Wednesday of interfering with national security when they broke into a nuclear weapons facility in Tennessee and defaced a uranium processing plant. It took a jury about 2 ½ hours to find the three protesters guilty of a charge of sabotaging the plant and second charge of damaging federal property in July the Y-12 National Security Complex in Oak Ridge in July.
In another blow to the nation's dwindling labor unions, an appeals court struck down a federal rule that would have required millions of businesses to put up posters informing workers of their right to form a union. The U.S. Court of Appeals for the District of Columbia Circuit said the NLRB violated employers' free speech rights in in trying to force them to display the posters or face charges of committing an unfair labor practice.
Intel workers secretly taped a "Kick Me" sign to the back of a co-worker as a prank, then kicked the confused man a number of times as employees at the Rio Rancho Intel plant laughed hysterically at the episode, according to a federal lawsuit.
The chief executive of Ethiopian Airlines says his company will seek compensation from Boeing for the grounding of its 787 Dreamliner planes. Tewolde Gebremariam told The Associated Press on Tuesday his company will soon start discussions with Boeing over compensation.
The government's oversight of hundreds of domestic and overseas repair stations that service U.S. airliners is ineffective and doesn't target the factors most likely to present safety risks, the Department of Transportation's inspector general said Monday.
In the aftermath of a building collapse that killed more than 530 people, Bangladesh's garment manufacturers may face a choice of reform or perish. The shoddily constructed building's collapse has put a focus on the high human price paid when Bangladeshi government ineptitude, Western consumer apathy and global retailing's drive for the lowest cost of production intersect.
The city of Moberly and its industrial development agency have been dismissed from a civil lawsuit filed by spurned investors in the failed Mamtek artificial sweetener factory. The Columbia Daily Tribune reported that a Cole County judge on April 25 dismissed the city and the Moberly Industrial Development Authority from a 2012 suit filed by Shelter Insurance Cos. and the Waddell & Reed investment brokerage.
Four New Haven workers have filed a federal lawsuit alleging a fiberglass manufacturer and its owner cheated them out of wages. The workers on Thursday sued H&L Plastics of New Haven and its owner, Charles Bolton. They say each worker received no compensation for between five and seventeen weeks of work, or about $20,000.
BP PLC has agreed to pay $340 million to restore four of the barrier islands that act as hurricane buffers for Louisiana's mainland and create two fish research hatcheries in the state, Gov. Bobby Jindal said Tuesday. The money is part of $1 billion the oil giant agreed two years ago to pay for early restoration work after the 2010 Deepwater Horizon oil spill.