Goldman Sachs has been sued over its multi-billion compensation pool in a case that pits America’s security guards against Wall Street’s best-paid bankers.
The number of people claiming jobseeker´s allowance fell in November for the first time since February last year as Britain´s total unemployment rose at a slower than expected rate to 2.49 million, boosting hopes the country´s jobless will avoid peaking at three million.
Abu Dhabi provided its flashy but debt-laden neighbor Dubai a $10 billion lifeline to last its troubled flagship company until the end of April, heading off a bond default on payment day and sending Gulf markets higher.
The US House of Representatives voted 223-202 Friday to approve a bill that would create a consumer financial protection agency and strengthen oversight of the financial industry. The Wall Street Reform and Consumer Protection Act of 2009 would also create a $150 billion industry-backed fund for the dismantling of large failed financial firms and outlaw many abusive and predatory lending practices.
Globes are everywhere here.
From a truck-size piece of globe art adorned with mirrors (as if to say, “I am you”) at a Metro stop, to a 50-foot canvas sphere projected each night at City Hall Square, every block seems embroidered with a green global consciousness.
Dianne McLeod recalls her husband, Stanley, getting so visibly upset when the debt collectors called that she had to take the phone away from him. She believes constant harassing phone calls and other tactics eventually killed him.
Google is taking legal action to stop companies from allegedly using the search giant´s name to trick people into paying for supposed work-at-home kits advertised online and in e-mails.
The US government announced [press release] Tuesday that a settlement agreement [text, PDF] worth more than $3.4 billion has been reached in a 13-year class action lawsuit [plaintiffs´ website; JURIST news archive] concerning the US government´s alleged mismanagement of trust funds [DOI materials] for a group of some 500,000 American Indians.
Wall Street has finally gotten the piece of economic news it has been waiting for: the battered labor market may be starting to heal. But with major stock gauges at their highest levels in more than a year, recovery bets could already be baked into the cake.
The drumbeat rousing world leaders to action on climate change is fading out as delegates get down to the business of negotiating a global deal at climate talks in Copenhagen.
A class-action lawsuit last month highlights what thousands of consumers say are bogus offers tied to social games available on Facebook and other social networks. The 16-page lawsuit, filed in U.S. District Court in nearby Sacramento, details how Rebecca Swift, a 41-year-old self-employed resident of Santa Cruz, Calif., was lured into accepting two "special offers" from advertisers to gain extra game credits for YoVille, a popular virtual-world game developed by Zynga.
The US House of Representatives Financial Services Committee on Wednesday approved the Financial Stability Improvement Act to address various economic dangers posed by large financial institutions.
The rate of US unemployment slowed significantly last month as American employers cut the fewest jobs since the recession began in December 2007.
Deposed Honduran President Jose Manuel Zelaya will not be reinstated as head of state, a majority of the Honduran congress voted Wednesday.
Federal Reserve Chairman Ben Bernanke on Thursday will push back at efforts to curb the Fed´s power as he goes before lawmakers considering his nomination to a second term at the central bank´s helm.
Bank of America on Wednesday said it will repay all of its $45 billion in government loans, a move that helps remove the stigma of being a bailout recipient and potentially dials back government scrutiny of its operations.
The New York Senate [official website] rejected legislation [text; materials] Wednesday that would have legalized same-sex marriage [JURIST news archive]. The sponsors of the bill, supported by New York Governor David Paterson [official profile], were unable to marshal the votes required to pass the bill out of the state senate, where the Democratic Party holds a single seat majority. Despite earlier suggestions of the possibility, no Republicans voted in favor of the legislation, resulting in a final vote of 38-24 [NYT report]. Gay rights groups such as the Human Rights Campaign [advocacy website] expressed disappointment [press release] after the vote, while the National Organization for Marriage [advocacy website] welcomed the vote [press release] as a "huge win." Also on Wednesday, a Marist college poll was released [poll results] finding that same-sex marriage is supported by 51 percent of New York´s registered voters, and opposed by 42 percent.
As part of his bid to make General Motors management appear more accessible and responsive coming out of bankruptcy, the chief executive, Fritz Henderson, set up a Web page called Tell Fritz.
The Electronic Frontier Foundation sued the CIA, the U.S. Department of Defense, Department of Justice, and three other government agencies on Tuesday for allegedly refusing to release information about how they are using social networks in surveillance and investigations.
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