Intel filed an answer in federal court on Thursday to an anti-trust suit brought by rival computer chip maker Advanced Micro Designs (AMD) , denying allegations of anti-competitive practices and blaming AMD themselves for lagging behind in the market. AMD filed suit in late June , claiming that Intel pressured 38 companies into using their [...]

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The US Federal Bureau of Investigation arrested Russian UN official Vadim Kouznetsov Thursday on money laundering charges. An FBI official said the still-sealed charges against Kouznetsov, who heads a UN budget oversight panel, are only remotely connected to the defunct UN Oil-for-Food program . Kouznetsov will be arraigned Friday in a federal court in Manhattan. [...]

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At least 5,000 Shiite Muslims held a rally Friday in the Southern Iraqi city of Basra, in a show of support for the draft Iraqi constitution . Friday's rally follows smaller Sunni demonstrations held earlier this week to protest against the constitution. The Shiite demonstration was organized by Iraq's two largest Shiite political groups, the [...]

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In an emergency session Thursday night, the US Senate passed a bill to provide $10.5 billion in emergency relief to the victims of Hurricane Katrina . The measure was approved by voice vote with only four Senators present on the floor. Read Senate Majority Leader Bill Frist's floor statement . An identical bill is expected [...]

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Press conference with federal officials from the US Justice Department, National Guard Bureau, Defense Department, Department of Homeland Security, US Coast Guard and FEMA. September 1, 2005. Excerpts: …the Department of Justice, working with state and local officials, will do everything that we can do to assure law and order in the affected areas. We [...]

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Leading Thursday's corporations and securities law news, US Department of Justice lawyers have accused Bayou Management of fabricating wildly inaccurate financial results for the past seven years. Filing civil charges to freeze the hedge fund's assets, US Attorney David Kelly said that the company's auditing firm, Richmond-Fairfield Associates, was phony and that the fund had [...]

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