Government
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 ...
Supreme Court Blocks Bid to Bypass Federal Court on Class Actions
A plaintiff seeking class action status for a claim may not bypass federal court for a friendlier state court by agreeing to cap damages below the $5 million threshold for cases federal law says ...
U.S. Telecoms Prevail On Govt. Enforcement Of Cyber Measures
Large telecommunications companies and Internet providers succeeded in convincing an advisory panel that the U.S. government should not pursue enforcement of security measures meant to bolster their ...Bill To Avert U.S. Government Shutdown Moving Slowly In Senate
The U.S. Senate on Monday inched closer to passage of a bill to fund federal agencies through Sept. 30 and avoid a government shutdown at the end of this month when existing money runs out. Up ...
Drug Companies Retreat From Investment In Antibiotics; Risks Outweigh Rewards
Thirty years ago, when the world faced the terrifying prospect of an untreatable disease known as AIDS, big drug makers scented an opportunity and raced to develop new medicines. Today, as the world ...
Supreme Court Rejects Goldman Sachs Appeal Over Mortgage Securities
Goldman Sachs Group Inc. suffered a defeat on Monday as the U.S. Supreme Court let stand a decision forcing it to defend against claims it misled investors about mortgage securities that lost value ...
U.N. Bodies Want To Tackle Drought To Avert Food Crisis
U.N. agencies want to strengthen national drought policies after warnings that climate change would increase their frequency and severity. Droughts cause more deaths and displacement than floods or ...
On Energy Agenda, Obama Pushes Research Fund For No-Gas Autos
President Barack Obama tried to move past partisan fights over U.S. energy policy on Friday with a modest proposal to fund research into cars that run on anything but gasoline. Obama toured the ...