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Aubrey McClendon one of the pioneers of the US shale boom has been indicted by a federal grand jury on charges of conspiring with an unnamed company to rig the price of oil and gas leases in Oklahoma.
The indictment alleged that McClendon orchestrated a campaign to keep bid prices down from 2007 to 2012 while he was chief executive ofChesapeake Energy amid a land-leasing boom across the US reports the Wall Street Journal
The Washington Post reports that lawmakers pressed FBI Director James B Comey about the bureau's demands that Apple help it unlock an iPhone used by one of the San Bernardino attackers. The Justice Department and FBI have tried to cast the issue as narrowly focused on one iPhone but Comey acknowledged that if the government succeeds in this case it could set a precedent for others.
Japan endoscope maker Olympus had agreed to pay $623.2mln to settle criminal and civil charges the largest amount ever paid by a medical device company for violations of anti-kickback laws. The former Olympus employee who brought the case to prosecutors will receive $51.1mln of that amount reports the LA Times.
Lawyers for patients suing Johnson & Johnson and Bayer over the safety of the anti-clotting drug Xarelto claim that a letter published in The New England Journal of Medicine left out critical laboratory data reports the New York Times.
Germany's Federal Cartel Office has opened an investigation intoFacebookon suspicion that the US company abused its market dominance to violate data protection laws the latest in a series of challenges to the social network's privacy policies. The competition watchdog said Facebook could be abusing its market position to force users to consent to the collection of 'vast amounts of personal data from various sources the WSJ wrote.
Sports Authority has filed for chapter 11 bankruptcy protection and said it would close 140 stores as the big-box chain struggles with a shift to online shopping the WSJ reports.The retailer which has about 450 stores could shut down in the coming weeks unless it finds a buyer for the rest of its business.
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