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Biz group takes aim at short-term investors
A coalition of chief executives, business groups and labor unions wants corporate America to stop providing quarterly earnings guidance to Wall Street in an attempt to limit the influence of short-term investors on stock prices. The coalition issued a series of recommendations Monday that it hopes will increase pressure on companies to focus on long-term objectives rather than short-term fixes. The group also addressed executive compensation amid the public outcry over outsize pay packages.Patent Litigation Extra: Heavy Hitters Back Microsoft Supreme Court Bid in i4i Case
The software giant's certiorari petition for the Supreme Court to reverse a $290 million damages award attracted an unprecedented 11 amicus briefs on Wednesday. And all of Microsoft's backers want the same thing: for the court to level the patent litigation playing field.Firm Finance: Bracewell & Giuliani
Bracewell & Giuliani's gross revenue improved 1.3 percent in 2010, compared to 2009, while the Houston-based firm's net income was flat.Diesel prices outpace gas as traders bet on the spread
Diesel, the world's most-used transport fuel, is so prized by traders they'll pay the highest premiums in at least 15 years to buy it. Because refiners can't make enough, diesel sells for $145 a ton, or 14 percent, more than gasoline as China halts exports, the Middle East boosts imports and power shortages force mines from Australia to Chile to run oil-fed generators.Jury Awards $13 Million in Defamation Suit Filed By Attorney, Wife
On April 20, a Tarrant County jury returned a $13.7 million plaintiffs' verdict in an unusual suit filed by an attorney and his wife, finding defendants Jerry Coyel, Shannon Coyel and Charlie Doescher liable for defamation. Meagan Hassan, a partner in the Houston office of Demond & Hassan, represents the plaintiffs in Lesher, et al. v. Doescher, et al.Attorney, wife awarded $13 million in defamation suit over anonymous online comments
In 2008, attorney Mark Lesher and and his wife Rhonda were wrongfully accused of sexually assaulting Shannon Coyel, the wife of a former client of Mark Lesher's.Trending Stories
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