Government
S&P Says U.S. Fraud Lawsuit Over Ratings is Too Broad for Trial
McGraw Hill Financial Inc.'s Standard & Poor's unit said the U.S. government has broadened the securities covered in its fraud lawsuit against the ratings company so that the case would be ...
Trial Begins for Ex-BP Engineer Who Deleted Texts
Nearly a year after energy giant BP cut a deal to a resolve a criminal investigation of its role in the worst U.S. offshore oil spill, a jury is set to hear the Justice Department's case against a ...
Left and Right Are Both Wrong About Regulation: Bloomberg View
In 1981, President Ronald Reagan instructed federal agencies that they could issue regulations only after demonstrating that their benefits justified their costs. With modest changes, Reagan's ...
New York Moves to Settle Workers Compensation Trusts’ Debts
The New York Dormitory Authority is borrowing $370 million this week to repay workers' compensation claims, the first sale under a regulatory overhaul that Democratic Governor Andrew Cuomo said will ...
Congress Should Weigh Adding Cyber Attacks to TRIA: Chertoff
The nation's lawmakers should consider adding cyber terrorism to the federal Terrorism Risk Insurance Act (TRIA) when they renew that reinsurance program, advises Michael Chertoff, former homeland ...
Chamber Wants Tighter Rules on Systemically Risky Designations for Non-Banks
The U.S. Chamber of Commerce is calling for rules that would make it more difficult for a group of regulators to subject financial companies to stricter oversight. A vote of three-quarters of the ...
Hartford Bailout Warrants Double in 3 Years Since Auction, Aiding Paulson, Berkowitz
Hartford Financial Services Group Inc. warrants climbed to twice the price they sold for in a U.S. Treasury Department auction three years ago, benefiting investors such as Bruce Berkowitz and John ...
U.S. Terror Risk Undiminished As Terror Groups Multiply: Senator
The risk of a terrorist attack against the U.S. hasn't diminished as groups affiliated with al- Qaeda have proliferated and are developing explosive devices designed to elude detection, Senator ...