Cross examination of Disney CEO Michael Eisner began Wednesday in a shareholder suit against Walt Disney Co. over whether the executive board neglected its duty to shareholders in allowing former president Michael Ovitz to leave with a $140 million...

Petco Animal Supplies has agreed to settle Federal Trade Commission charges that the animal supply company's website violated federal law by misrepresenting privacy promises it made to its customers, the FTC announced Wednesday. The Commission said Petco did not...

An Federal Communications Commission spokeswoman said Wednesday that the FCC has received a number of complaints about the opening scene of ABC's most recent airing of Monday Night Football. The agency may decide to investigate the incident, which could...

In Wednesday's corporations and securities law news, federal officials are investigating former Enron Chairman Kenneth Lay's wife in connection with a $1.3 million Enron stock sale just days before the energy company went under. The couple's lawyer indicated the...

AP is reporting that House Republicans have adopted a change in rules that would protect re-elected GOP Majority Leader Tom DeLay from having to relinquish his party leadership post in the event of his indictment by a Texas grand...

AP is reporting that President Bush has picked deputy chief of staff Harriet Miers as White House counsel, the post to be vacated by attorney general nominee Alberto Gonzales.1:10 PM ET - The AP story is available here. Harriet...

Roman Polanski, the Oscar-winning film director, urged England's highest court on Wednesday to allow him sue via video link to avoid being extradited to the US on charges of child sex offenses. Polanski, who lives in Paris, wishes to...

The SEC announced Wednesday that Gary Pilgrim and Harold Baxter, founders of Pligrim Baxter mutual funds, have agreed to pay $80 million each and be barred from associating with mutual funds in settlement of charges the SEC had brought...

UK Home Secretary David Blunkett said Wednesday that government plans to issue national ID cards will help protect people's identities rather than threaten their civil liberties. Blunkett, who was speaking at the Institute of Public Policy Research, said the...

A panel of forensics experts have concluded that institutional intimidation at the FBI prevented agents from correcting an obvious mistake that led to the arrest of an innocent Oregon lawyer in connection with the Madrid train bombings last spring....