Government
Freddie Sues 15 Banks Over LIBOR Rigging; Fannie May Be Next
Freddie Mac has sued 15 big international banks, including JPMorgan Chase, Bank of America and Citigroup, accusing them of rigging a key interest rate and causing huge losses for the ...Goldman Avoids Class Action Over Gender Bias Claim; Court Allows Arbitration
Goldman Sachs Group Inc. on Thursday won a U.S. court order allowing it to send a former employee's gender discrimination dispute to arbitration, rather than being forced to defend against her claims ...Fed Holds Firm To Stimulus Plan
The Federal Reserve on Wednesday pressed forward with its aggressive efforts to stimulate the U.S. economy, saying it would take into account risks posed by its policies but also how much work still ...U.S. Senate Approves Funding Bill To Avert Government Shutdown
The U.S. Senate on Wednesday approved legislation to avert a government shutdown next week, freeing Democrats and Republicans to spend the next few months arguing over deeply divided strategies to ...Impact Of ‘Sequester’ Budget Cuts On U.S. Jobs May Be Exaggerated
Deep government spending cuts are unlikely to weigh on U.S. employment as heavily as initially feared, with most of the impact reducing hours worked rather than payrolls, according to economists. The ...
High Court Hears Arguments In Generic Drug Maker Case
The Supreme Court seemed skeptical Tuesday of allowing generic drug manufacturers to be sued in state court for a drug's design defects if federal officials approved the brand-name version the ...Microsoft Backs Review Of Foreign Bribery Allegations
Microsoft Corp. said on Tuesday that allegations of potential bribery by employees inChina, Romania and Italy should be reviewed by U.S. agencies and its own compliance unit, but declined to address ...Transocean CEO Says Rig Owner ‘Should Have Done More’ At Spill Trial
The chief executive of Transocean Ltd., owner of the rig destroyed after BP Plc's Macondo well blew out in 2010, testified on Tuesday that his workers made mistakes that day, but were not responsible ...