The U.S. House of Representatives passed a bill Thursday designed to allow the families of maritime disaster victims, including the 11 workers who died in the Deepwater Horizon explosion, to seek more damages from potentially responsible companies.
Although the U.S. and Boeing Co. are claiming victory over the World Trade Organization's recent Airbus SAS ruling, experts say the decision only continues a trade war that is likely to escalate when the WTO rules on U.S. subsidies for Boeing later this summer.
Patton Boggs LLP on Thursday announced plans to acquire the Breaux-Lott Leadership Group, a Washington lobbying firm led by former Sen. John Breaux, D-La., and former Senate Majority Leader Trent Lott, R-Miss., for an undisclosed sum.
President Barack Obama signed strict new sanctions on Iran into law Thursday, saying the measures were intended to strike “at the heart” of Iran's nuclear programs.
The U.S. government has accused Massey Energy Co. subsidiary Aracoma Coal Co. of violating mandatory mine safety standards in connection with a 2006 fire that killed two miners.
A European court affirmed on Thursday a 2005 European Commission decision that AstraZeneca PLC abused its market dominance and the patent system in order to block generic competitors for its blockbuster ulcer drug Losec, but trimmed €7.5 million ($9.4 million) from the drugmaker's fine for hindering parallel imports.
Goldman Sachs Group Inc. executives on Thursday stood by their 2007 calls to American International Group Inc. to post billions in collateral as the housing market deteriorated, fighting back publicly against suggestions that they bled AIG by refusing to accept a lower value on the contested swaps.
A bill to reform offshore drilling regulation and split the Minerals Management Service into at least two bureaus sailed through the Senate Energy and Natural Resources Committee in a unanimous vote Wednesday and is now ready for consideration by the full Senate.
The U.S. House of Representatives has passed a landmark bill seeking sweeping financial reform in an effort to prevent a repeat of the recent financial meltdown brought on by banks’ risky trading and investment activities.
Lawmakers used Elena Kagan's confirmation hearings Wednesday as a platform to denounce judicial activism, prompting the nominee to vow repeatedly that she would not bring her personal political agenda into the courtroom.
The U.S. Securities and Exchange Commission decided Wednesday to take up a new regulation barring investment advisers from working with public pension funds once they have made donations to the politicians who oversee those funds.
A U.S. Senate committee has voted to remove the limit on economic damages that BP PLC and other companies would be required to pay for disasters like the massive oil spill in the Gulf of Mexico.
In his first public testimony since his former employer's collapse, Joseph Cassano, ex-CEO of American International Group Inc.'s financial products unit, said Wednesday that AIG's massive losses on its credit default swap portfolio would have been far less had the government not stepped in to unwind the trades.
A World Trade Organization dispute settlement panel ruled Wednesday that subsidies European governments paid to Airbus SAS are inconsistent with WTO rules, marking a major victory for the U.S. in what has become the largest and most expensive dispute in the WTO's history.
European competition authorities on Wednesday hit ArcelorMittal with a fine of €315 million ($383.8 million) for participating in a nearly 20-year price-fixing scheme with 15 other steel companies.
With the Bilski decision leaving countless questions unanswered, U.S. Supreme Court Justice nominee Elena Kagan will likely play a role in the next case to address the patentability of business methods, but lawyers are unclear about how she would change the game on an issue that continues to split the court.
Taiwan-based HannStar Display Corp. has become the latest liquid crystal display maker to resolve the U.S. government's investigation into price-fixing in the industry, agreeing to plead guilty and pay a $30 million criminal fine.
The U.S. Supreme Court remanded two cases Tuesday dealing with patents for medical processes in light of its Bilski ruling that the machine-or-transformation test is not the only measure for deciding patentability.
On the heels of the U.S. Supreme Court's ruling in Bilski, the U.S. Patent and Trademark Office has directed patent examiners to continue to rely on the machine-or-transformation test for process patent applications, a move that lawyers say underscores the inconclusive nature of the decision.
On the heels of two new Journal of the American Medical Association reports linking GlaxoSmithKline PLC's Avandia to stroke and heart failure, lawmakers have again called for the U.S. Food and Drug Administration to knock the diabetes drug off pharmacy shelves.