A three-judge panel in the US Court of Appeals for the District of Columbia Circuit heard arguments Tuesday regarding the constitutionality of a private body established by Congress to oversee accounting practices in publicly traded companies. In 2006, conservative business organization Free Enterprise Fund challenged provisions in the Sarbanes-Oxley Act of 2002 establishing the Public [...]

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The US Supreme Court handed down decisions in two tax cases Tuesday, including MeadWestvaco Corp. v. Illinois Department of Revenue , where the Court overturned an Illinois state court decision allowing the state to tax a portion of the $1 billion capital gain realized by MeadWestvaco's predecessor when it sold its interest in Lexis/Nexis. The [...]

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Myanmar's military government has arrested more than 20 peaceful demonstrators protesting the scheduled May 10 national constitutional referendum , the opposition National League for Democracy (NLD) said Tuesday. The NLD also said that government security forces have detained a close aide of pro-democracy leader Aung San Suu Kyi . Opposition groups have urged citizens to [...]

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