Government
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 ...
SEC Testing ‘Customized’ Punishments
The U.S. Securities and Exchange Commission is experimenting with punishments that more closely fit the wrongdoing at issue in a bid to give its enforcement cases more bite. Criticized for its ...Ex-JPMorgan Execs Pressed About $6B Trading Loss At Senate Hearing
Two former high-ranking executives at JPMorgan Chase faced tough questions from U.S. senators Friday about why the bank played down risks and hid losses from regulators when it was losing billions of ...