Wachovia bank has frozen the accounts of nearly 1.000 colleges, leaving institutions unable to access billions of dollars they depend on for salaries, campus construction, and debt payments.
A City Council committee Wednesday unanimously passed a proposed ban on sending text messages while behind the wheel. That sets up a final vote on Chicago´s latest modern prohibition at the Oct. 8 council meeting, with the ordinance taking effect about a month later if it´s approved.
On Wednesday, a Medicare resolution that entails stopping hospital payments for costs of medical errors came into effect. Consequently, hospitals will no longer be receiving money that covers the treatment of patients who have been injured as an outcome of flawed or reckless medical care.
Serbian President Boris Tadic refused to rule out partitioning parts of Kosovo, should other options regarding the resolution of a dispute between Serbia and the newly independent state fail.
Under a new judicial dress code which took effect Wednesday, civil and family judges in the Judiciary of England and Wales will no longer wear wigs during court proceedings.
San Francisco’s landmark universal health care program won considerably on Tuesday when a panel of federal judges found that San Francisco had the right to charge employers to help pay for its universal health care plan.
The European Commission fined nine petrochemicals companies a total of 676 million euros ($955 million) on Wednesday for forming a "paraffin mafia" to fix prices and carve up markets for paraffin wax, an official statement said.
Wednesday, technology firm Hewlett-Packard Co. said it has signed a definitive deal to acquire privately-held LeftHand Networks Inc., a provider of storage virtualization and iSCSI storage area network solutions, for $360 million in cash subject to certain purchase price adjustments.
The European Commission said the United States must live up to its special responsibility to solve the global financial crisis and called for swift enactment of a bailout plan for the financial sector.
U.S. nuclear envoy Christopher Hill arrived in North Korea Wednesday for talks aimed at saving a disarmament deal with the reclusive communist nation, the U.S. Embassy said.
The House of Representatives has unanimously passed a bill also known as The Webcaster Settlement Act of 2008 that allows Internet radio stations to negotiate with the music industry for a royalty rate lower than what Congress mandated last year.
The US Senate voted Saturday to approve spending legislation approving the expiration of a Congressional moratorium on offshore oil drilling. The spending bill, known as the Consolidated Security, Disaster Assistance, and Continuing Appropriations Act, was approved in the Senate by a vote of 78-12.
The US House of Representatives on Monday rejected a financial rescue bill that would have allowed courts to review purchases of troubled assets made by the US Treasury Department.
Power companies were the biggest spenders in the nation´s first cap-and-trade greenhouse gas auction, raising nearly $40 million that will be spent by Northeast states on renewable and energy efficient technologies.
Citigroup Inc. will pay Wachovia Corp. approximately $2.16 billion in stock, about $1 per share, and assume roughly $53 billion in Wachovia debt. In exchange, Citigroup will acquire more than $700 billion of assets of Wachovia´s banking subsidiaries and related liabilities.
The price tag for European governments´ bailing out banks was marked up on Tuesday, after Belgium, France and Luxembourg agreed to throw crisis-racked Dexia a 6.4 billion euro ($9.2 billion) lifeline.
Mayor Michael Bloomberg filed a federal lawsuit against eight smoke shops that sell tax-free cigarettes on a Long Island Indian reservation, saying the city is being cheated out of millions in tax revenues.
The safety of butter flavoring, plastic bottles and other potentially harmful consumer goods will get another look as a result of two bills signed Monday by the governor that give state regulators sweeping power to evaluate and control toxic chemicals.
Public employees in New Jersey will no longer get Lincoln´s Birthday as an official holiday and newly hired workers won´t be able to retire with full benefits until they´re 62, under newly signed legislation.
The Bank of France governor struck a reassuring tone Tuesday about the ongoing financial crisis, calling for calm before a meeting of the country´s top bankers with President Nicolas Sarkozy.
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