AP / Reuters News

Federal Judge Rules BP Absolved from U.S. Lawsuits Over Drilling Ban

BP Plc does not have to face U.S. lawsuits by energy and drilling companies over losses they suffered from an offshore drilling ban imposed soon after the 2010 Gulf of Mexico oil spill, a federal judge ruled. U.S. District Judge …

‘Smart City’ Pilot Project to Test Tools Aimed at Reducing Accidents

The U.S. Transportation Department and NXP Semiconductors NV are joining forces in a pilot project to use communication technology to reduce congestion and speed traffic, they said on Friday. The department said in December that it would award up to …

Largest U.S. Electric Company On Alert for Cyberattacks

The country’s largest electricity company is on alert for cyberattacks that aim to hamper the critical flow of power and is listening to U.S. intelligence agencies about potential threats, the Duke Energy Corp. executive heading electronic protection efforts said. Duke …

Fifth Largest AIG Shareholder, Icahn, May Propose New AIG Director

Activist investor Carl Icahn said he may propose adding a new director to American International Group’s board, since AIG Chief Executive Peter Hancock was unlikely to “sincerely consider” his suggestion to split the company into three. Icahn disclosed on Monday …

17.6 Million Gained Health Insurance Through Law: Report

The U.S. national healthcare reform law has extended health insurance coverage to 17.6 million Americans, according to a new government report on Tuesday, up from its previous estimate of 16.4 million. The number of uninsured has decreased because of changes …

Lehman Exec Defeats Employee Lawsuit Over Retirement Losses

A U.S. federal judge on Friday dismissed a lawsuit by former Lehman Brothers Holdings Inc employees seeking to hold onetime Chief Executive Richard Fuld liable for their retirement plan losses as the Wall Street bank plunged into its 2008 bankruptcy. …

Auto Makers Seek to Limit Data Sharing with Tech Partners

Carmakers are limiting the data they share with technology partners Apple Inc and Google Inc through new systems that link smartphones to vehicle infotainment systems, defending access to information about what drivers do in their cars. Auto companies hope that …

U.S. Home Construction Jumps 15.7% in July

U.S. home construction rebounded in July, rising to the fastest pace in eight months and offering hope that housing has regained momentum after two months of declines. Construction increased 15.7 percent in July to a seasonally adjusted annual rate of …

‘Deep Throat’ Producers Lose ‘Lovelace’ Copyright Case

The owners of the rights to the famed pornographic film “Deep Throat” have lost a lawsuit accusing the producers of the 2013 biopicture “Lovelace” of copyright infringement. U.S. District Judge Thomas Griesa in the federal court in Manhattan, in a …

U.S. Loses Bid to Dismiss $25B Lawsuit Over AIG Bailout

A federal judge has rejected the United States’ bid to dismiss a more than $25 billion lawsuit filed by Maurice “Hank” Greenberg, the former chief executive of American International Group Inc., over the insurer’s government bailout, clearing the way for …