Detroit files lawsuit seeking to void pension debt
(Reuters) – Detroit on Friday filed a lawsuit in U.S. bankruptcy court seeking to invalidate $1.44 billion of debt sold to fund public worker pensions – a move that also could void the ill-fated interest-rate swaps contracts that were a factor leading …
California college to offer non-approved meningitis vaccine
SACRAMENTO, California (Reuters) – Students at a California public university where meningococcal disease broke out in the fall will be offered a vaccine not approved for use in the United States, public health officials said on Friday.
Two Obamacare exchanges see more health insurer competition
WASHINGTON (Reuters) – At least two U.S. states running their own Obamacare health insurance exchanges expect new insurers to enter their marketplaces and bolster competition in 2015, officials said on Friday.
Four more men charged in shooting death of South Carolina student
CHARLESTON, South Carolina (Reuters) – Four more men have been charged by South Carolina State Police in connection with the murder of a 20-year-old South Carolina State University student, one of 10 school shootings this month.
Amanda Knox conviction in Italy could spur lengthy extradition fight
(Reuters) – Italy’s conviction of Amanda Knox for the murder of her British roommate when the two were exchange students together could spur a drawn-out fight over extradition in the United States, where supporters contend she is the victim of a faulty…
Furor over student-lunch grab in Utah school district
SALT LAKE CITY (Reuters) – A school district in Utah has suspended two people and opened an investigation after lunchroom workers touched off a furor by snatching food trays from several dozen children whose parents were behind on meal payments, a dist…
Florida police find marijuana plants growing in empty swimming pool
MIAMI (Reuters) – Police who found five pounds of pot during a routine traffic stop searched the motorists’ house and followed the scent to an empty backyard swimming pool where 82 marijuana plants were growing beneath a thick slab of concrete, officia…
Montana Catholic diocese files for bankruptcy in abuse settlement
(Reuters) – A Montana Roman Catholic diocese filed for bankruptcy on Friday as part of a proposed $17.5 million settlement with hundreds of adults alleging childhood sexual abuse by its priests, nuns and lay workers, a church spokesman said.
Detroit sues retirement funds to void pension debt
(Reuters) – Detroit on Friday sued its two retirement systems in U.S. Bankruptcy Court, seeking to invalidate $1.45 billion of debt sold in 2005 and 2006 to fund public worker pensions, according to a court filing.
Pension, bondholder cuts at core of Detroit plan
DETROIT (Reuters) – Detroit has circulated a financial plan that requires significant concessions from its pension funds and bondholders and declares that an interest-rate obligation that helped drive the city into bankruptcy is a disputed claim that i…
