OCT
28
2008

Visa, MasterCard to pay $2.75 billion to Discover in antitrust settlement

Visa Inc. and MasterCard Inc. separately disclosed Monday a total of $2.75 billion in settlements to resolve antitrust claims filed by industry rival Discover Financial Services Inc.

OCT
28
2008

Supreme Court hears drug lawsuit pre-emption case next week

The Supreme Court is scheduled to hear a case next week that could have a far-reaching effect on American consumers. If the High Court eventually takes the side of drugmakers in Wyeth vs. Levine, the right to sue drug companies for deaths or injuries caused by defective medicines will be sharply curbed.

OCT
28
2008

General Motors may get government loan for Chrysler deal

The Treasury Department is considering providing General Motors with $5 billion in financial aid, according to recent reports. The move would enable GM to pursue a merger with Chrysler LLC.

OCT
28
2008

Insurer Aegon takes 3 billion euros in state aid

Insurer Aegon NV said Tuesday it has taken a 3 billion-euro ($3.7 billion) investment from the Dutch government, acting to shore up its cash position in the face of the continuing global financial crisis.

OCT
28
2008

Japan temporarily bans "naked" short-selling

Japanese regulators on Tuesday imposed new restrictions on short-selling of stocks — or bets that a stock´s price will fall — moving quickly to implement measures to ease stock market volatility.

OCT
28
2008

State ready to defy judge on prison hospitals

The lawyer representing California in a lawsuit over prison health care said Monday that state officials aren´t ready to comply with a federal judge´s order to turn over $250 million for new hospitals for inmates, despite the possibility of a contempt-of-court order against Gov. Arnold Schwarzenegger.

OCT
27
2008

Torture still widespread despite international conventions

UN Special Rapporteur on torture and other cruel, inhuman or degrading treatment or punishment Manfred Nowak said Friday that despite numerous international conventions banning torture and other abusive treatment, its use is still widespread around the world.

OCT
27
2008
OCT
27
2008
OCT
27
2008

Ukraine gets $16.5 billion IMF loan; Hungary is next

The International Monetary Fund will lend Ukraine $16.5 billion and give Hungary “a substantial financing package” as the turmoil in global credit markets and recession concerns sweep across eastern Europe´s emerging markets.

OCT
27
2008

Iranian Minister faces impeachment vote over fake Oxford degree

Iranian Interior Minister Ali Kordan may be impeached by Parliament and lose his job after he acknowledged that the degree he claimed was from Oxford University was a fake.

OCT
27
2008

South Dakota to reconsider vote on abortion ban

Two years ago, South Dakota voters overwhelmingly rejected a proposed ban on abortions that proponents had hoped would set up a Supreme Court showdown over Roe vs. Wade.

OCT
27
2008

Taiwan policymaker vows transparency in China deals

Taiwan´s top China policymaker Monday defended upcoming talks with Beijing and pledged that any deal with the mainland would be transparent and would not jeopardise the island´s sovereignty.

OCT
27
2008

Hong Kong finds excessive melamine in eggs

The discovery of excessive levels of the industrial chemical melamine in Chinese eggs has prompted the Hong Kong authorities to expand health tests to include meat products imported from China, a senior official said Sunday.

OCT
24
2008

PNC Financial Services buying National City

US Northeast regional bank PNC will buy rival National City in a 5.6 billion dollar stock-and-cash deal that will create the nation´s fifth largest bank by deposits, the companies said Friday.

OCT
24
2008

Airlines included in emissions trading plan

The European Union approved plans Friday that will force airlines to take part in a program to reduce greenhouse gas emissions - a move certain to enrage an aviation industry struggling with a looming recession.

OCT
24
2008

Russian regulators reject Google’s acquisition proposal of ad firm

Three months after Google announced its intentions to acquire ZAO Begun, the Russian advertising service, for $140 million, the Russian Federal Anti-monopoly Service (FAS) rejected the proposal.

OCT
24
2008

OPEC agrees output cut to halt falling prices

An emergency meeting of the Organization of Petroleum Exporting Countries reached swift agreement on Friday to cut oil output by 1.5 million barrels a day to halt a collapse in prices.

OCT
24
2008

Mexican Senate OKs reform of state-owned oil monopoly

The Mexican Senate overwhelmingly approved an energy-reform package yesterday to modernize the state-owned oil monopoly Petroleos Mexicanos, or Pemex, and revive sagging production.

OCT
23
2008

Court says EU illegally froze Iran group´s funds

A court ruled Thursday that European Union governments illegally froze the funds of an Iranian opposition group, giving one of Tehran´s most implacable foes more ammunition in its fight to be removed from the bloc´s list of terrorist organizations.

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