U.S. asks reversal of ruling Bernanke must testify in AIG lawsuit
WASHINGTON (Reuters) – The U.S. Justice Department on Friday asked an appeals court to reverse a judge’s ruling last month that Federal Reserve Chairman Ben Bernanke must testify in a lawsuit about American International Group Inc’s 2008 bailout.
U.S. asks reversal of ruling Bernanke must testify in AIG lawsuit
WASHINGTON (Reuters) – The U.S. Justice Department on Friday asked an appeals court to reverse a judge’s ruling last month that Federal Reserve Chairman Ben Bernanke must testify in a lawsuit about American International Group Inc’s 2008 bailout.
Import tax overhaul bill coming, would help U.S. seaports
WASHINGTON (Reuters) – A U.S. import tax collected only at shipping ports would be converted into a fee on goods brought into the United States by rail and highway from Canada and Mexico under legislation expected to be introduced next month in the U.S…
JPMorgan in $23 million settlement with clients over Lehman
NEW YORK (Reuters) – JPMorgan Chase & Co agreed to pay $23 million to settle a lawsuit accusing it of mishandling money of pension funds and other clients by investing it in notes from Lehman Brothers Holdings Inc, which later went bankrupt.
U.S. panel approves import probe of steel pipe from nine countries
WASHINGTON (Reuters) – A U.S. trade panel on Friday approved a Commerce Department investigation that could lead to steep duties on steel pipe from South Korea, India and seven other countries that is used in oil and natural gas production and which do…
Airports may benefit from U.S. move to block airline merger: Fitch
(Reuters) – The U.S. government’s lawsuit to block a proposed merger between US Airways Group Inc and American Airlines could be “marginally positive” for airports if the move heralds the end of an industry-wide consolidation trend, Fitch Ratings said …
SAC likely to face fresh redemption requests at Friday deadline
BOSTON (Reuters) – Billionaire hedge fund manager Steven A. Cohen may see the last of his outside investors ask for their money back by midnight on Friday.
Bear Stearns funds’ liquidators settle with JPMorgan
NEW YORK (Reuters) – JPMorgan Chase & Co has reached a settlement with the liquidators for two Bear Stearns mortgage-laden hedge funds whose collapse in 2007 sent waves through the subprime securities market.
Merck halts Zilmax sales, to study cattle feed additive
CHICAGO (Reuters) – U.S. drugmaker Merck & Co said on Friday it is temporarily suspending sales of its Zilmax animal feed additive in the United States and Canada following concerns about use of the product, which is given to cattle to increase their weight before slaughter.
Exclusive: FDA says working with Merck, USDA on cattle drug Zilmax
WASHINGTON (Reuters) – The U.S. Food and Drug Administration said on Friday it was working with drugmaker Merck & Co and the U.S. Department of Agriculture to gather information on the cattle feed additive Zilmax and determine if it is unsafe.
