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Apple Found Guilty of E-Book Price Fixing
Apple Found Guilty of E-Book Price Fixing

After three weeks of arguments, U.S. District Judge Denise Cote found Apple guilty of conspiring with publishers to raise the price of e-books. The book publishers - Penguin, HarperCollins, Hachette, Simon & Schuster, and Macmillan - were originally ...


Supreme Court
Supreme Court "Eviscerates" Voting Rights Act

The United States Supreme Court, in a 5-4 ruling, struck down a key part of the 1965 Voting Rights Act which dealt with the preclearance requirement as ...


7-Eleven Stores Seized by Feds for ID Theft
7-Eleven Stores Seized by Feds for ID Theft

Federal authorities indicted nine owners and managers of 14 7-Eleven franchises which were seized in New York and Virginia on Monday. Charges include stealing identities and exploiting more than 50 illegal immigrants over a span of 13 years in an all...


Supreme Court Blocks Genomic DNA Patents
Supreme Court Blocks Genomic DNA Patents

The U.S. Supreme Court ruled today in a nearly unanimous decision that naturally occurring genetic sequences are not eligible for patent protection as ...


Payday Lenders Evade Rules With Longer Loans
Payday Lenders Evade Rules With Longer Loans

Payday lenders have been under significant scrutiny in recent years about exorbitant loan interest rates and creating cycle of dependency for its customers. Payday loans and other questionable lending practices among various institutions was a prima...


Senate Passes
Senate Passes "Online Sales Tax" by 74-20 Vote

The Marketplace Fairness Act, also known as S743, cleared a key hurdle today when it passed the Senate by a vote of 74-20. If some version of it passes the House of Representatives and it i...


Aereo Wins Appeals Court Ruling
Aereo Wins Appeals Court Ruling

Aereo won a 2-to-1 ruling in the United States Court of Appeals for the Second Circuit siding with a trial court judge in denying an injunction to prevent Aereo from operating during the trial. It was the broadcasters contention that transmitting TV...


FAA To Consider Allowing Electronics On Planes
FAA To Consider Allowing Electronics On Planes

If you are a frequent flyer on airlines you will be familiar with the request for passengers to turn off all electronic devices. If recent developments are to be believed however, this requirement may be a thing of the past. The Federal Aviation Admi...


Court Backs Student In Textbook Case
Court Backs Student In Textbook Case

On Tuesday, the Supreme Court ruled 6-3 in favor of a student who imported text books into the U.S. and then resold them on eBay and Craigslist. The idea Thai graduate student Supap Kirtsaeng had was for relatives in Thailand to legally purchase tex...


Congress Is Targeting Overdraft Fees
Congress Is Targeting Overdraft Fees

Congress is once again targeting banking overdraft charges which earned U.S. financial institutions $32 billion in additional fee revenue in 2012. This was an increase of $400 million from 2011. Reps. Carolyn Maloney, D-N.Y., and Maxine Waters, D-Cal...


Gay Marriage Rights May Raise Tax Rates
Gay Marriage Rights May Raise Tax Rates

The United States Supreme Court began hearing oral arguments on Wednesday challenging the federal law defining marriage as between a man and woman. If the 1996 Defense of Marriage Act, also known as DOMA, is struck down new found rights for gay coupl...