Government
Profits For U.S. Banks In 2012 Highest Since 2006: FDIC
The U.S. banking industry in 2012 recorded its highest earnings since before the 2007-2009 financial crisis, according to data released on Tuesday by the Federal Deposit Insurance Corp. The FDIC said ...Gupta Must Repay $6.22 M To Goldman Sachs For Legal Expenses, Rakoff Rules
On Monday, a federal judge ordered former Goldman Sachs Group Inc. director Rajat Gupta to reimburse $6.22 million to help the Wall Street bank cover its legal expenses related to his criminal ...
White House To Revive Push For Cyber Security Legislation
A senior adviser to President Barack Obama said the White House will soon renew efforts to push cybersecurity legislation through Congress, although he foresees an uphill battle given the failure of ...Trial Over Deepwater Horizon Disaster Under Way; BP In Court For Biggest U.S. Oil Spill
A long-awaited trial over the biggest U.S. offshore oil spill began on Monday, with governments, businesses and individuals blaming BP Plc mostly for the 2010 disaster that killed 11 rig workers and ...
U.S., Japan Agree On Approach To Trans-Pacific Partnership Talks
The United States and Japan on Friday agreed on language aimed at giving Japanese Prime Minister Shinzo Abe political cover to bring the world's third-largest economy into negotiations on a U.S.-led ...
California School District Sued Over Yoga Program
An attorney representing a family bent out of shape over a public school yoga program in the beach city of Encinitas filed a lawsuit last Wednesday to stop the district-wide classes. In the lawsuit ...Silverstein Seeks Dismissal Of Airline’s World Trade Center Defense
The leaseholder of the World Trade Center properties is asking a U.S. federal judge to reject arguments that American Airlines is not liable for damages stemming from the Sept. 11, 2001 hijackings ...Bernanke Challenge: Prime Markets For Policy Turn
Federal Reserve Chairman Ben Bernanke is preparing for a most sensitive task: telling jittery investors who have grown accustomed to the U.S. central bank's ultra-easy monetary policies that things ...