Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Canada’s Reformed Class Action Law Wins Few Friends
Jul 20 2011 // A Canadian law designed to make it easier to bring class action suits against companies that mislead investors has all sides frustrated as it faces its first real-world tests. Changes to the Ontario Securities Act that...
Soda Makers Fight Back Against Obesity Claims: Reuters
Jul 20 2011 // U.S. public awareness campaigns about sugary soft drinks are under legal attack by beverage makers, which have sued New York City’s health department and hit local governments with requests for documents on the...
U.S. Judge Permits Toyota Appeal in California
Jul 20 2011 // A federal judge ruled on Tuesday that Toyota Motor Corp. lawyers could appeal a previous ruling allowing consumers without sudden-acceleration claims to join litigation before a Santa Ana, California, court. The ruling by...
U.S. Defends Doha Trade Strategy after Zoellick Barbs
Jul 20 2011 // President Barack Obama’s administration on Tuesday fired back at World Bank President Robert Zoellick’s criticism that it has not done enough to bring the nearly decade-old Doha round of world trade talks to a...
U.S. Arrests 14 for Roles in PayPal Cyber Attack
Jul 20 2011 // U.S. authorities Tuesday arrested 16 people on charges they participated in major cyber attacks, including an attempt to cripple eBay’s PayPal web site as retribution for dropping Wiki Leaks as a client. FBI agents...
Best May Cut Ratings Outlook on Life Insurers
Jul 19 2011 // Ratings agency A.M. Best may lower its outlook on the U.S. life insurance and annuity sector to “negative” from “stable,” it warned Tuesday, as American and European sovereign debt concerns continue...
SCOR Finalizes Sale of U.S. Fixed Annuity Business
Jul 19 2011 // French reinsurer SCOR announced that it has finalized the sale of its subsidiary Investors Insurance Corporation (IIC) to Athene Holding Ltd., as initially announced on February 16, 2011. SCOR said the sale, for $55...
U.S. Building Supply Firm Sues Chinese Drywall Maker
Jul 19 2011 // A Florida building supply company is suing a German conglomerate for $100 million over defective Chinese drywall installed in tens of thousands of homes. Banner Supply Co. charged in the lawsuit that Knauf Gips made false...
Michigan Golf Course Sues DuPont Over Herbicide
Jul 19 2011 // DuPont was sued last Friday by a Michigan golf club that alleges its widely used Imprelis herbicide kills trees, reflecting a growing nationwide problem being investigated by a top U.S. regulator. Imprelis, conditionally...
Ratings Recap: Kuwait Re, Optimum, Montana Re (cat bonds)
Jul 18 2011 // A.M. Best Europe – Rating Services Limited has revised the outlook to negative from stable and affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of...
Judge Tosses Racketeering Claims vs. BP Over Oil Spill
Jul 18 2011 // BP Plc won two legal victories Friday, as a federal judge threw out racketeering claims made by the lead plaintiffs suing over last year’s Gulf of Mexico oil spill, and also set aside a lawsuit by partner Anadarko...
S&P Threatens Downgrade of Insurers, Financial Firms Over Debt Ceiling
Jul 18 2011 // Standard & Poor’s Friday raised the pressure on debt negotiators in Washington, saying it could downgrade insurers, securities clearinghouses, mortgage agencies and a laundry list of other firms without a deal...
U.S. Wary of Possible Cuba Oil Spill
Jul 18 2011 // With Cuba preparing to explore for oil 60 miles from Florida, the complicated politics of U.S.-Cuba relations are impeding U.S. efforts to get ready in case of a BP-style accident, analysts and oil experts said. The Obama...
U.S. AG: Gulf Claims Fund Too Slow
Jul 18 2011 // The fund oil firm BP set up to deal with compensation claims after last year’s Gulf of Mexico oil spill is working too slowly, U.S. Attorney General Eric Holder said recently. The fund is not sufficiently transparent...
U.S. Wary of Possible Cuba Oil Spill
Jul 18 2011 // With Cuba preparing to explore for oil 60 miles from Florida, the complicated politics of U.S.-Cuba relations are impeding U.S. efforts to get ready in case of a BP-style accident, analysts and oil experts said. The Obama...
U.S., Mexico Agree to Cross-Border Trucking Program
Jul 18 2011 // Agreements resolving the dispute over long-haul, cross-border trucking services between the United States and Mexico have been signed, according to U.S. Transportation Secretary Ray LaHood. Mexico will lift retaliatory...
London’s Calling
Jul 18 2011 // Lloyd’s America President Hank Watkins Campaigns for Broader Appeal Hank Watkins, president of Lloyd’s America Inc., smiles like he has a big secret he wants to spill. The history of Lloyd’s of London is...
Floods and Flood Insurance
Jul 18 2011 // While South Central states suffer from drought, the Midwest is paddling upstream against too much water and the flooding has once again put the spotlight on the National Flood Insurance Program with all its faults and...
$750M Settlement Reached with U.S. Farmers over Genetically Modified Rice
Jul 18 2011 // A settlement of up to $750 million has been reached with the German conglomerate Bayer CropScience on behalf of U.S. rice farmers in a series of rice contamination lawsuits, according to Don Downing, an attorney with Gray,...
Floods and Flood Insurance
Jul 18 2011 // While South Central states suffer from drought, the Midwest is paddling upstream against too much water and the flooding has once again put the spotlight on the National Flood Insurance Program with all its faults and...
