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Goldman Sachs & Co. was fined $ 1.5 million to settle Commodity Futures Trading Commission charges that it allegedly failed to supervise its employees for several months in late 2007. Last month, the CFTC disclosed that a former Goldman employee hid an $ 8.3 billion trading position. The CFTC said that Goldman lost more than $ 100 million unwinding the [...]

BRUSSELS Philips, LG Electronics, Samsung SDI and three other firms were fined a record 1.47 billion euros ($ 1.92 billion) by EU antitrust regulators on Wednesday for fixing prices of TV cathode-ray tubes in two cartels lasting nearly a decade. The biggest penalty, of 313.4 million euros, was imposed on Dutch-based Philips, followed by LG Electronics with 295.6 million euros. The European Commission fined Panasonic Corp 157.5 million euros, Samsung SDI 150.8 million euros, Toshiba Corp. 28 million euros, and French company Technicolor 38.6 million euros. Two Panasonic joint ventures were also fined. Taiwanese firm Chunghwa Picture Tubes blew the [...]

SAN FRANCISCO Two Citi analysts — including senior Internet analyst Mark Mahaney — were fired from the brokerage over matters relating to the disclosures, according to a report in the Wall Street Journal on Friday morning. The terminations were reported as the Massachusetts Securities Division announced that it has imposed a $ 2 million fine against Citigroup for improperly disclosing non-public information related to Facebook Inc.’s initial public offering in May. In a consent order posted on the state government website, the Massachusetts agency said Citigroup “failed to prevent or detect the written disclosure of material, nonpublic research information in [...]

STORY HIGHLIGHTS NEW: A court orders Closer magazine to hand over the photos within 24 hours The French magazine, which first published the photos, is ordered to pay a fine William and Catherine have also filed a criminal complaint in France The Irish Daily Star may be shut down after publishing the photos Honiara, Solomon Islands — A French magazine has been fined for publishing topless photographs of Britain’s likely future queen, Catherine, Duchess of Cambridge, and ordered not to distribute the magazine in print or online, a French court ruled Tuesday. The court ordered Closer magazine to hand over [...]

The DOT claims Orbitz failed to “clearly and prominently” inform travelers about potential baggage fees.The DOT fines Orbitz for failing to properly disclose baggage fees on its websiteCustomers had to scroll to the bottom of the page to find baggage fees, the DOT says Orbitz says it has corrected its site “to be consistent with DOT’s preference”"We are not aware of any consumer confusion, complaints or deception,” Orbitz saysWashington — Online travel company Orbitz was fined $ 50,000 Monday by the Department of Transportation for failing to properly disclose baggage fees on its website.In announcing the fine, the DOT said [...]