Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
AIG Profit Gains on Investments; P/C Earnings Fall But Pricing Improves
Nov 1 2012 // American International Group Inc. earned a larger-than-expected profit during the third quarter, due in part to big gains on its investment holdings. Questions about the sustainability of those profits, and uncertainty...
2-Story Waves on Great Lakes Halt Cargo Shipping
Nov 1 2012 // Cargo shipping was at a standstill on Oct. 30 on the Great Lakes as superstorm Sandy churned waves up to two stories high, forcing crews to take refuge in bays and harbors and raising concerns about an economic blow if the...
Barclays Facing New U.S. Investigations
Nov 1 2012 // Barclays, already rocked by an interest-rate rigging scandal, on Wednesday disclosed new U.S. regulatory investigations into the bank’s financial probity and also said its profit was hit by charges for mis-selling...
New York, New Jersey Want Washington to Pay More Storm Costs
Nov 1 2012 // New York state on Wednesday asked the U.S. federal government to pay all the costs of cleaning up and repairing damage from massive storm Sandy that tore through the Northeast this week and crippled New York City. Governor...
Huge Drug Recall Latest Fallout in Meningitis Outbreak
Nov 1 2012 // Ameridose, a sister company of the U.S. pharmacy linked to a meningitis outbreak that has killed 29 people, announced on Wednesday a voluntary recall of all its products, a move to cooperate with regulators that could...
Supreme Court Weighs Key ‘Gray’ Market Copyright Case
Oct 31 2012 // Several justices on the U.S. Supreme Court voiced concern on Monday about letting U.S. copyright holders block the resale inside the country of products they make elsewhere, in one of the court’s biggest copyright...
Insured Losses From Hurricane Sandy $7-$15 Billion: AIR Worldwide
Oct 31 2012 // Catastrophe modeling firm AIR Worldwide estimated Tuesday evening that insured losses from Hurricane Sandy to onshore properties in the U.S. would be in the range of $7 billion to $15 billion. AIR’s insured loss...
Hurricane Sandy Unlikely to Trigger Payouts from Catastrophe Bonds
Oct 30 2012 // Investors who have put their money into specialist financial bonds which cover insurance companies from huge natural disasters are unlikely to be hit with big losses from monster storm Sandy even though it is one of the...
Supreme Court Rejects John Hancock Appeal Over Retirement Plan Lawsuits
Oct 30 2012 // The U.S. Supreme Court refused on Monday to consider two appeals in a case weighing the ability of tens of millions of Americans to bring lawsuits over their retirement plans. Without comment, the court let stand an April...
Stock Markets Remain Closed Tuesday; Expected to Reopen Wednesday Month End
Oct 30 2012 // Superstorm Sandy Closes Stock Exchange (AP Photo/Richard Drew) Hurricane Sandy will close U.S. stock markets for a second day on Tuesday, as Wall Street turned its attention to whether markets would be able to resume...
Hurricane Sandy Delivers Severe But Short-Term Economic Blow: Economists
Oct 30 2012 // Hurricane Sandy is shaping up to be one of the biggest storms ever to hit the United States but even with the severe damage that is expected, the blow to the economy is seen as short-term. Economists say some of the impact...
Hurricane Sandy Expected Ashore Monday Night; Could Be Biggest to Hit U.S. Mainland
Oct 29 2012 // • Hurricane expected ashore Monday evening in New Jersey • Could be biggest to hit U.S. mainland • New York, Philadelphia and Washington in its path • New York Stock Exchange closed Monday and Tuesday • Early...
Stock Markets Expected to Remain Closed Tuesday
Oct 29 2012 // U.S. stock market executives, regulators and brokers have agreed to close the U.S. stock markets on Tuesday because of Hurricane Sandy, with an official announcement coming shortly, said people who were on an industry-wide...
U.S. Suing Tulsa Restaurant Chain over Unpaid Wages
Oct 29 2012 // The Department of Labor announced it is suing a Tulsa, Okla.-area restaurant chain over nearly $1 million in unpaid wages it alleges the business owes to more than 220 employees. The lawsuit was filed earlier this week in...
FDA Needs New Authority Over Compounding Pharmacies: Report
Oct 29 2012 // The U.S. Food and Drug Administration’s power to regulate compounded drugs similar to those linked to a deadly meningitis outbreak is legally nonbinding and lacks the authority of stringent standards imposed on drug...
Update: Sandy Strengthens; Thousands Evacuate; Wall Street Closes
Oct 29 2012 // Hurricane Sandy, the monster storm bearing down on the U.S. East Coast, strengthened on Monday after hundreds of thousands moved to higher ground, public transport shut down and the U.S. stock market suffered its first...
BP Oil Spill Settlement Unlikely Before Election
Oct 29 2012 // For a president locked in a tough re-election fight, it may look like political gold: a settlement between the U.S. Justice Department and BP Plc over the Gulf of Mexico oil spill that could send billions of dollars to...
Hurricane Sandy Forces Evacuations, Shutdowns on East Coast
Oct 28 2012 // Tens of millions of East Coast residents scrambled on Sunday to prepare for Hurricane Sandy, which could make landfall as the largest storm to hit the United States, bringing battering winds, flooding and even heavy...
British Airways Cancels Flights to Hurricane-Hit U.S. Northeast
Oct 28 2012 // British Airways cancelled all flights to New York on Sunday and will suspend most services to and from the U.S. East Coast on Monday as the United States braces for the arrival of Hurricane Sandy. The freak storm, due to...
Wall Street Makes Plans to Open Monday Despite Sandy
Oct 28 2012 // U.S. stock exchanges and Wall Street banks are sending employees into Manhattan on Sunday to stay in hotels and coworkers’ homes, as markets prepare to open for business on Monday even as Hurricane Sandy brings...
