Government
Mexico to Mandate Auto Coverage in Push Toward ‘Culture of Insurance’
President Enrique Pena Nieto is giving the car insurance market a boost with a plan to mandate policies on federal highways in Mexico, where almost three in four drivers lack coverage. Congress ...
JPMorgan Nears $2B Settlement in Case Tied to Madoff
JPMorgan Chase & Co is nearing a $2 billion settlement with federal authorities to resolve suspicions that the bank ignored signs of Bernard Madoff's Ponzi scheme, the New York Times reported, ...
SAC Manager’s Jury Can Hear of Greed, Not Fainting or Firing: Judge
Mathew Martoma, the former SAC Capital Advisors LP fund manager whose trial begins this week, won rulings limiting the evidence prosecutors can use to try to prove he made $276 million for SAC based ...
EPA Unlikely To Step Up Fracking Enforcement: Analysts
Federal regulators are unlikely to step up enforcement of potential water contamination cases linked to natural gas drilling—despite new concerns about water safety—given a lack of political will ...
British Reporting Rule Change Exposes Transatlantic Cultural Gap
As investors prepare to digest the latest round of company earnings figures, Britain's move to scrap the quarterly reporting requirement has revealed a divergence of opinion between the domestic and ...
Katrina Suit Recoveries Fall Short of Plaintiffs’ Lawyers Expectations
A team of plaintiffs' attorneys has spent roughly $16 million to sue the Army Corps of Engineers over levee breaches that flooded most of New Orleans after Hurricane Katrina. Joseph Bruno, one of ...
BlackBerry Files Suit Over Against iPhone Keyboard Maker
BlackBerry Ltd., the smartphone maker that withdrew plans to sell itself and go private last year, sued Ryan Seacrest's Typo Products LLC alleging it copied designs for a keyboard case. The company ...Appeals Court to Fast-Track BP’s Bid to Halt Gulf Oil Spill Payments
BP Plc's bid to block economic-loss payments tied to the 2010 Gulf of Mexico oil spill unless the claims can be directly linked to the disaster won fast-track consideration by an appeals court. The ...