U.S.
S&P Mortgage Ratings Trial Sought by U.S. in February 2015
The U.S. Justice Department is seeking a trial in February 2015 in its lawsuit against McGraw Hill Financial Inc.'s Standard & Poor's unit over ratings on residential mortgage-backed securities. ...
Supreme Court Upholds Immunity for Army Corps; Rejects Katrina Victims’ Claims
The U.S. Supreme Court rejected an appeal from Hurricane Katrina victims seeking billions of dollars on claims that the Army Corps of Engineers added to the storm's impact by improperly maintaining a ...
Supreme Court Rejects Pfizer Bid for Shield From Asbestos Suits
The U.S. Supreme Court refused to shield Pfizer Inc. from some asbestos lawsuits connected to its Quigley Co. subsidiary, a bankrupt unit that stopped most operations in 1992. The justices rejected ...Auto Insurance Customer Satisfaction Drops Due to Rising Rates: J.D. Power
Due to rising insurance prices and some unhappiness with policy offerings, overall customer satisfaction with auto insurance companies is down in 2013 from an all-time high in 2012, but remains ...
Bondholders Would Lose More Than $1 Trillion If Yields Spike: BIS
Bondholders in the United States alone would lose more than $1 trillion if yields leap, showing how urgent it is for governments to put their finances in order, the Bank for International Settlements ...
The Rise Of The Winner-Take-All Economy: Reuters Column
The rich are getting richer. That's the conclusion of the World Wealth Report, the landmark annual study of the world's millionaires, which was released last week by RBC Wealth Management and ...
Fracking Pollution In Wyoming Cast In Doubt As EPA Drops Probe
The only finding by U.S. regulators of water contamination from fracking was thrown into doubt Friday when the federal government halted its investigation and handed the probe over to the State of ...
Congressmen Warn Credit Raters Against Repeating History on CDOs
The top executives of Standard & Poor's, Moody's Investors Service and Fitch Ratings were warned by three members of Congress against granting inflated grades to the same type of securities that ...