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LyondellBasell files for bankruptcy due to weak demand

Houston, January 7: Chemical giant LyondellBasell Industries’ U.S. unit has filed for bankruptcy, citing a weak demand for its products in the present economic turmoil.

Madoff to reveal his possessions

New York, December 28: The founder of Bernard L. Madoff Investment Securities LLC may have bamboozled many big names including movie director Steven Spielberg, real-estate developer Mortimer Zuckerman and publisher Mortimer B. Zuckerman. But now, it’s his turn to reveal it all.

Judge OKs 20th Century's 'Watchmen' claim

Los Angeles -- A federal judge granted a copyright ownership claim by the Hollywood studio, 20th Century Fox, regarding the forthcoming film "Watchmen."

N.Y. Supreme Court to hear 'Runway' case

New York -- The New York Supreme Court will hear a legal battle over the network home of the TV series "Project Runway," a judge has ruled.

Wal-Mart up for largest wage violation settlement

Bentonville, United States, December 24: The world’s largest retailer, Wal-Mart, announced Tuesday that it would settle 63 lawsuits running against it in 42 states for its alleged wage violation practices. The company has agreed to pay minimum $352 million to the workers and their lawyers, who claimed that it forced employees to work overtime without extra compensation.

Truck speed faces cap in Ontario, Quebec

Toronto -- Tractor-trailers traveling in the Canadian provinces of Ontario and Quebec must have speed limiters installed after Jan. 1 new laws stipulate.

Tribune Co. files for Chapter 11

Chicago -- The Tribune Co., owners of the Chicago Tribune and the Los Angeles Times, filed for bankruptcy protection Monday in the wake of falling revenues.

Judge rejects Wachovia lawsuit

Charlotte, N.C. -- A North Carolina judge has rejected a lawsuit filed by a Wachovia shareholder seeking to block the bank's sale to Wells Fargo.

Lawsuits seek to block National City sale

Cleveland -- A flood of lawsuits has been filed seeking to prevent National City Corp. from becoming part of PNC Financial Services Group, court papers show.

Woman sues over faulty toilet seat

Allentown, Pa. -- A New Jersey woman has filed a lawsuit against a Pennsylvania bar, claiming that a faulty toilet seat caused her to fall into the commode.

Pipeline denied, companies start again

Hartford, Conn. -- The U.S. Supreme Court's refusal to hear an appeal over a Long Island-to-Connecticut natural gas pipeline sent two energy suppliers back to the drawing board.

Lawsuit filed over virtual world

New York -- A lawsuit before a federal court in New York is testing just how much jurisdiction U.S. courts have over the virtual world.

Spammer fined $873 million

San Jose, Calif. -- A U.S. district court awarded $873 million in damages to Facebook to be paid by a spammer whose materials appeared to be endorsed by the Facebook users.

Jilted bride wants $1M for wedding blues

New York -- A New York woman is suing her former fiance for $1 million, alleging he ruined her wedding day by becoming mentally and physically abusive.

U.S. bankruptcies jump 8 percent in Oct.

Washington -- The number of U.S. bankruptcy filings has taken a sharp jump with those filing showing far more debt than in the past, records indicate.

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