Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Insurers Face Huge Losses from Latest Deadly Tornadoes
Mar 3 2012 // Less than a year after a series of tornadoes caused some of the worse insured losses in U.S. history, the insurance industry is likely facing substantial costs again after storms killed at least 33 people on...
BP Reaches $7.8 Billion Deal Over Gulf of Mexico Oil Spill
Mar 3 2012 // BP Plc has reached an estimated $7.8 billion deal with businesses suing over the massive 2010 Gulf of Mexico oil spill, the company said on Friday, but the oil giant still faces claims by the U.S. government, Gulf states...
U.S. Regulators to Issue Post-Fukushima Safety Rules
Mar 2 2012 // As the first anniversary of Japan’s Fukushima nuclear disaster approaches, U.S. nuclear regulators have moved to issue the first new rules to deal with safety issues raised by the world’s worst nuclear accident...
Court Revives Securities Case Involving Foreign vs. Domestic Transactions
Mar 2 2012 // A federal appeals court has breathed new life into a lawsuit accusing a Beverly Hills broker-dealer of defrauding nine hedge funds out of nearly $200 million through an international penny stock fraud. The 2nd U.S. Circuit...
Iran Ship Insurer Vows to Pay Western Claims Despite Sanctions
Mar 2 2012 // Tough new U.S. sanctions against Iran are raising concern that the OPEC member’s insurers may not be able to pay Western claims in the event of an accident, but Iran’s main ship insurer said it is confident it...
U.S. Seeks Dismissal of Ex-CEO Greenberg’s $25B Lawsuit on AIG Takeover
Mar 2 2012 // The U.S. government has asked a court to dismiss a lawsuit relating to its 2008 takeover of American International Group that was filed by a company run by former AIG Chief Executive Maurice Greenberg, court documents...
Dallas Doctor, 6 Others Arrested in $375M Health Care Fraud Scheme
Mar 1 2012 // A physician and the office manager of his medical practice, along with five owners of home health agencies, were arrested today on charges related to their alleged participation in a nearly $375 million health care fraud...
N.Y. Prosecutors Say Fraud Scheme Was Largest of Its Kind in History
Mar 1 2012 // Authorities are describing the takedown of a massive auto insurance fraud ring in New York the largest of its kind involving New York’s no-fault law. The fraud scheme involved 10 licensed medical doctors, three...
Ex-Security Chief at West Virginia Mine Gets 3 Years in Jail
Mar 1 2012 // A U.S. judge sentenced the former security chief at a West Virginia mine to three years in prison after being convicted of two felonies related to a federal probe into the worst U.S. coal mining disaster in 40 years, in...
Arbitrators Agree to Hear Chevron-Ecuador Pollution Liability Case
Feb 29 2012 // An international tribunal has found that it has jurisdiction to decide if Ecuador violated a treaty with the United States requiring it to guarantee a fair trial to Chevron Corp. in an environmental lawsuit that ended in...
China Higher Court Hears Apple’s iPad Trademark Claim
Feb 29 2012 // Lawyers for Apple Inc. argued for its right to use the iPad trademark in China on Wednesday, as a higher court began a crucial hearing that could result in sales of the wildly popular tablet computer being halted...
Moody’s Must Face Whistleblower Analyst’s Retaliation Claim
Feb 29 2012 // Moody’s Investors Service was ordered to defend against a lawsuit by a whistleblowing former analyst who claimed it illegally retaliated against him for questioning its ratings practices for risky mortgage debt. A...
Taxpayers See Gain As New York Fed Sells Last of AIG Bailout Bonds
Feb 29 2012 // The Federal Reserve Bank of New York on Tuesday sold the remaining portion of mortgage-backed securities acquired in the 2008 rescue of American International Group Inc. The sale to a unit of Credit Suisse Group AG means...
BP Seeks Settlement with Oil Spill Plaintiffs
Feb 29 2012 // BP Plc is seeking to settle a lawsuit over the massive 2010 Gulf of Mexico oil spill by tapping into a $14 billion fund it set aside to compensate fishermen and businesses harmed by the disaster, lawyers familiar with the...
In Win for BofA, $8.5B Mortgage Settlement Sent Back to New York Court
Feb 28 2012 // Bank of America Corp. won a victory when a U.S. appeals court ruled that a proposed $8.5 billion settlement with investors in mortgage-backed securities should be reviewed in New York state court, not federal court. Bank...
Forecasters Unsure What to Expect This Tornado Season
Feb 27 2012 // Tornado season is starting, but don’t ask meteorologists how bad it will be this spring and summer. They don’t know. They’re having a hard enough time getting a fix on the likely path of storms expected...
Buffett Adds to Bullish U.S. Economic Recovery Signals
Feb 26 2012 // Anyone looking for more evidence of a strengthening U.S. economic recovery need only consider conglomerate Berkshire Hathaway, where businesses ranging from railroads and electric utilities to furniture and candy stores...
BP Oil Spill Trial Delayed for Settlement Talks
Feb 26 2012 // The trial to decide who should pay for the 2010 Gulf of Mexico oil spill has been delayed by a week to allow BP Plc to try to cut a deal with tens of thousands of businesses and individuals affected by the disaster. Less...
Tornado Chasers Prepare for High Season
Feb 24 2012 // With the month of March looming, United States tornado chasers are already watching the Southeast as a nasty storm brews with the potential to spin off a batch of tornadoes. But if funnel clouds develop Thursday or Friday...
Court Upholds 1998 Tobacco Deal, Denies North Carolina Firm’s Claims
Feb 24 2012 // The landmark 1998 national settlement between 46 states and 19 tobacco companies is valid and doesn’t amount to a conspiracy or anti-competitive behavior by the government, a federal appeals court ruled this...
