U.S.
Financial Services Firms Back Consumer Chief Cordray If Congress Reforms Bureau
The Financial Services Roundtable says it will support the confirmation of Richard Cordray to lead the Consumer Financial Protection Bureau (CFPB), provided Congress makes changes to CFPB's ...SEC Approves Compensation for Facebook IPO Losers
U.S regulators on Monday approved a plan to compensate market makers who lost money in a botched Facebook Inc. public offering in May on the Nasdaq exchange. Nasdaq, a unit of Nasdaq OMX Group Inc., ...IMF to Cut 2013 U.S. Growth Forecast: Report
The International Monetary Fund (IMF) is planning to cut its U.S. growth forecast for this year due to higher taxes and spending cuts, Italian news agency ANSA said, citing a draft of the IMF's next ...
Bankers Personally Liable for Sanctions Violations: U.S. Treasury
The U.S. Treasury Department plans to hold bankers personally responsible and subject them to fines when their banks help countries such as Iran evade economic sanctions. The shift is in line with ...
Florida Gov. Scott, Insurers Vow Fight to Save PIP Law After Injunction
A Florida circuit court judge has issued a temporary injunction against certain provisions of the state's no-fault personal injury protection (PIP) law, ruling that it is no longer a "reasonable ...Kentucky Supreme Court Disbars ‘Godfather’ of Class Actions
An Ohio attorney known as the godfather of the modern class-action lawsuit was disbarred Thursday by the Kentucky Supreme Court, which cited Stanley Chesley's actions in a $200 million settlement ...Turning Tornado Debris Into Better Storm Warnings
Photos and mementoes that were snatched up and blown hundreds of miles during tornados in the south of the United States two years ago are giving researchers new insight on how debris is carried by ...
Supreme Court to Hear Drugmakers’ ‘Pay for Delay’ of Generic Products Case
The U.S. Supreme Court is set to hear arguments over whether big drug companies can settle patent litigation with generic rivals by making deals to keep cheaper products off the market. U.S. and ...