Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
BP Products to Pay $50M for Illegal Emissions at Texas City Refinery
Nov 4 2011 // BP Products North America Inc. will pay the state of Texas $50 million for unlawfully emitting pollutants during and after a March 2005 explosion at the company’s Texas City refinery, according to the Texas Attorney...
Benmosche Says AIG Is Still in ‘Good Shape’ Despite Huge Losses
Nov 4 2011 // AIG suffered a perfect storm of natural disasters and adverse market conditions in the third quarter, its chief executive officer said Friday, the day after the company posted a net loss of more than $4 billion. On a...
Broker/Analyst Cheuvreux Urges Buffett to ‘Come to Europe’
Nov 4 2011 // Warren Buffett should come to Europe to tap regional champions at knock-down valuations, including in his favored sectors, Cheuvreux analysts said in an open ‘letter’ to the billionaire U.S. investor detailing...
10 South Texas Residents Sentenced to Prison for Insurance Fraud
Nov 3 2011 // Ten south Texas residents have been sentenced to federal prison for their roles in a scheme to defraud the American Family Life Assurance Company (Aflac) by filing false injury claims under Aflac’s Accident-Only...
Study: U.S. Copyright Sector Adds $930B to Economy
Nov 3 2011 // U.S. movie, music, software and other industries heavily dependent on copyright protections added nearly $932 billion to the U.S. economy in 2010, or about 6.4 percent of total gross domestic product, according to new...
Steamship Mutual Sets 5% Premium Increase for 2012
Nov 3 2011 // The Directors of the London-based Steamship Mutual P&I Club “recently reviewed the Club’s open policy years, as well as claims in earlier years, and considered the premium ratings required for the 2012...
Treasury Receives $972M TARP Repayment from AIG
Nov 2 2011 // The U.S. Treasury Department said it received an additional repayment of $972 million from American International Group (AIG). The payment came mostly from the scheduled release of the escrow from AIG’s sale of its...
AXA Rosenberg Settles Coding Lawsuit for $65 Million
Nov 2 2011 // Money manager AXA Rosenberg and co-founder Barr Rosenberg agreed to pay $65 million to settle a lawsuit by investors who said they lost money after a computer coding glitch impeded the firm’s ability to manage...
Most of $19.9 Billion Madoff vs JPMorgan Case Tossed
Nov 2 2011 // A federal judge threw out most of a $19.9 billion lawsuit against JPMorgan Chase & Co and a $2 billion case against UBS AG by the trustee seeking money for victims of epic swindler Bernard Madoff’s fraud. The...
U.S. Sues Allied Home Mortgage for Lending Fraud
Nov 1 2011 // The U.S. Department of Justice sued Allied Home Mortgage Capital Corp and two top executives over fraudulent lending practices that have cost the government more than $834 million of insurance claims. In a complaint filed...
Settlement Reached in Florida Anthrax Death Case
Nov 1 2011 // The widow of a tabloid photo editor who died in the 2001 anthrax mailings has reached a settlement in her lawsuit against the U.S. government. Maureen Stevens of Lake Worth, Florida, and the government have reached a...
Corporations Win Key Product Liability Trials; More Victories to Come?
Nov 1 2011 // A string of courtroom victories by drugmakers in key product liability trials could be a signal that these and other companies can beat back claims in upcoming cases against them. AstraZeneca Plc, Merck & Co. and...
Early Northeast Snowstorm Deals Insurers Another Blow
Nov 1 2011 // The U.S. insurance industry, already bruised by one of the most devastating weather years in history, appears to have suffered another blow from Saturday’s unprecedented northeastern snowstorm. Early data from some...
US, EU, Japan Press China on Financial Services Reform at WTO
Nov 1 2011 // The United States criticized China on Monday for failing to fulfill World Trade Organization commitments to open its financial services market, while the European Union and Japan pressed for answers on specific areas of...
Judge Blocks San Francisco’s Cell Phone Warning
Oct 31 2011 // A U.S. judge has blocked most of a San Francisco ordinance that required warnings about cell phone safety risks, saying it violated the First Amendment. Health questions about cell phone use grew this year after a group of...
Louisiana Must Turn Over Records to BP-U.S. Judge
Oct 28 2011 // Louisiana must quickly turn over documents requested by oil giant BP, or else face dismissal of its lawsuit against the company for losses caused by the Gulf of Mexico oil spill, a judge ruled Thursday. Louisiana faces...
Women Launch New Legal Salvo Against Wal-Mart
Oct 28 2011 // Women pursuing discrimination claims against Wal-Mart Stores Inc. filed a reformulated lawsuit against the world’s largest retailer, their first since a massive nationwide class action collapsed earlier this...
New York Railroad Workers Charged in $1 Billion Disability Claims Fraud
Oct 28 2011 // U.S. prosecutors charged 11 people Thursday in connection with an alleged $1 billion fraud involving hundreds of railroad workers filing false disability claims. In some cases, workers claimed they were unable to work even...
Accountant Pleads Guilty in Houston in Fake Insurance Scheme
Oct 27 2011 // A third man has pleaded guilty to conspiracy to launder money in a scam involving the sale of bogus insurance to a New York tour operator whose boat capsized in 2005 killing 20 elderly tourists, federal officials...
RIM Hit with Consumer Lawsuits over BlackBerry Outage
Oct 27 2011 // Consumers in the United States and Canada have sued Research in Motion for a days-long service outage on BlackBerry devices that rippled across the world earlier this month. The system-wide failure of the service had left...
