Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
BofA Mortgage Securities Case Still Winding Its Way Through Courts
Feb 16 2012 // Legal wrangling over the proposed $8.5 billion settlement of some of Bank of America Corp.’s mortgage-backed securities liability could drag through the courts for years, a top appeals court judge said during...
Citigroup to Pay $158M in Whistleblower Fraud Claim Over Insurance for Mortgages
Feb 16 2012 // Citigroup Inc. has agreed to pay $158.3 million to settle U.S. civil claims that it defrauded the government into insuring thousands of risky home loans made by its CitiMortgage unit. Wednesday’s settlement resolves...
Ironshore Brings Lloyd’s Political Risk Coverage to U.S. Market
Feb 15 2012 // Ironshore Insurance Services has received extension of class approval from Lloyd’s to underwrite insurance coverage for the Pembroke Syndicate 4000 Political Risk and War and Terrorism unit. Pembroke’s...
Safety, Security at Bio Labs Open to Interpretation, Not Matter of Law
Feb 15 2012 // To reach his office in Galveston National Laboratory, where scientists study deadly pathogens such as the Ebola and Marburg viruses, director James Le Duc swipes his key card at the building’s single entrance, which...
China Agrees to Open Up Auto Insurance Market
Feb 14 2012 // U.S. Vice President Joe Biden said on Tuesday that China had agreed to an important financial sector reform by opening up its massive auto insurance market to foreign competition. Biden said that during a meeting with U.S....
New York Leads 11 States in Suing EPA Over Soot Rules
Feb 14 2012 // New York and 10 other states filed a lawsuit last Friday designed to force the U.S. Environmental Protection Agency to issue new regulations on soot pollution. New York Attorney General Eric Schneiderman said the lawsuit...
A Valentine’s Kiss Warning: Lead Poisoning!
Feb 14 2012 // If you’re going to be on either end of a kiss this Valentine’s Day, you might want to consider smooching bare-lipped. Most lipstick contains lead. Lead has been banned in paint since 1978 because of its...
BP Wins Dismissal of Part of Investor Lawsuit Over Gulf Oil Spill
Feb 13 2012 // A U.S. federal judge dismissed a large part of a nationwide lawsuit accusing BP Plc and top executives of fraud for misleading shareholders before and after the 2010 Gulf of Mexico oil spill about the oil company’s...
SEC, Ex-Bear Stearns Managers Settle
Feb 13 2012 // Two former Bear Stearns fund managers agreed to pay more than $1 million combined to resolve a U.S. Securities and Exchange Commission lawsuit over allegations they lied about the health of two mortgage-laden hedge funds...
Obama Budget Seeks Higher Taxes on Big Business
Feb 13 2012 // President Barack Obama’s 2013 budget proposal, released on Monday, calls for raising hundreds of billions of dollars from U.S.-based global companies, while ending cherished deductions and tax breaks for oil...
MF Global Judge to Examine Insurance Payments for Former Executives
Feb 10 2012 // The U.S. judge overseeing MF Global’s bankruptcy plans a closer review before deciding whether any of an estimated $190 million of insurance coverage for former company executives should instead go to...
5 Big Banks, States Agree on $25 Billion Home Mortgage Deal
Feb 9 2012 // Five big U.S. banks accused of abusive mortgage practices have agreed to a $25 billion government settlement that may help roughly one million borrowers but is no magic bullet for the ailing housing...
Has Pet Insurance Become a Necessity?
Feb 9 2012 // After Nicole Bodzon, 28, a consultant in Conifer, Colorado, paid $1,600 for her pug, Pepe, to have a possibly cancerous tumor removed from his eye, she thought she might benefit from an insurance policy. But it took her a...
BP Wins Ruling Keeping Prior Accidents Out of Gulf Spill Trial
Feb 9 2012 // BP Plc won a court order to keep references to some previous accidents out of this month’s trial to assess blame for the 2010 Gulf of Mexico oil spill, the oil company’s second victory in as many days to bar...
Lawyer Says Cruise Lawsuits Will Force Insurers to Demand Higher Standards
Feb 9 2012 // Insurers stung by multi-million dollar claims over the Concordia shipwreck will demand higher safety standards from the cruise industry, a lawyer who will file suits this month against Carnival Corp for more than 70...
Beazley Simplifies D&O Purchases for U.S. Multinational Companies
Feb 8 2012 // Beazley Group plc has introduced Beazley Bridge, a product that will allow U.S. multinational companies to cover executives outside the country through a single contract. The single policy will protect directors and...
US House Oks Bill For Tribe’s Move Out Of Tsunami Zone
Feb 8 2012 // The U.S. House approved a bill Monday that will allow the Quileute tribe to move its school and other buildings out of a tsunami zone on the Washington coast to higher ground in Olympic National Park. The land transfer...
Daredevil CEOs May Put Companies at Risk
Feb 7 2012 // The death of Micron Technology Inc. Chief Executive Steve Appleton in the crash of an experimental plane is raising fresh questions about what a company should disclose to investors when a senior executive has a high-risk...
8 States to Hold Earthquake Drills Today
Feb 7 2012 // Eight states are expected to take part in an earthquake drill today that will be conducted throughout the central United States on the 200th anniversary of the 1812 New Madrid earthquakes. The event is called the 2012...
U.S. Authorities Looking Into Murdoch Foreign Payments
Feb 7 2012 // U.S. authorities are stepping up investigations, including an FBI criminal inquiry, into possible violations by employees of Rupert Murdoch’s media empire of a U.S. law banning corrupt payments to foreign officials...
