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Legislation

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  • July 21- The U.S. commonwealth of Puerto Rico asked a federal court to dismiss as premature a lawsuit filed by U.S. mutual funds that sought to strike down a recently enacted Puerto Rican law that the funds said posed a threat to American investors.

  • RJ Reynolds vows to fight $23.6B in damages Sunday, 20 Jul 2014 | 3:02 AM ET

    MIAMI— The nation's No. 2 cigarette maker is vowing to fight a jury verdict of $23.6 billion in punitive damages in a lawsuit filed by the widow of a longtime smoker who died of lung cancer. R.J. Reynolds Tobacco Co. executive J. Jeffery Raborn has called the damages awarded by a Pensacola jury "grossly excessive and impermissible under state and constitutional law."

  • New Peru law weakens environmental safeguards Sunday, 20 Jul 2014 | 12:02 AM ET

    LIMA, Peru— Dozens of international groups, the United Nations, and even Peru's own citizen ombudsman are objecting to a new law that weakens environmental protections in the Andean nation even as it prepares to host international climate-control talks this year.

  • ORLANDO, Fla., July 19- A Florida jury has awarded the widow of a chain smoker who died of lung cancer punitive damages of more than $23 billion in her lawsuit against the R.J. Reynolds Tobacco Company, the nation's second-biggest cigarette maker.

  • 2 ag-gag laws facing federal court challenges Saturday, 19 Jul 2014 | 11:40 AM ET

    DES MOINES, Iowa— The years-long fight between farm organizations and animal rights activists over laws prohibiting secretly filmed documentation of animal abuse is moving from state legislatures to federal courts as laws in Utah and Idaho face constitutional challenges.

  • WASHINGTON, July 18- A U.S. appeals court dealt a blow to the victims of Allen Stanford's Ponzi scheme on Friday, ruling that they are not eligible under federal law to file claims seeking compensation for their losses. The decision by the U.S. Court of Appeals for the District of Columbia Circuit also marks a major loss for the Securities and Exchange Commission.

  • WASHINGTON— Obama:' Eyes of the world on eastern Ukraine; We're going to make sure that truth gets out'.

  • Details of court ruling on 2012 gas drilling law Thursday, 17 Jul 2014 | 3:42 PM ET

    Details of Thursday's Commonwealth Court ruling on a lawsuit challenging aspects of a 2012 law that updated Pennsylvania's oil and gas drilling regulations:. —The Pennsylvania Public Utility Commission's power to withhold drilling fee revenue from municipalities whose zoning it deems to illegally restrict drilling activity.

  • Senate votes to extend terrorism insurance program Thursday, 17 Jul 2014 | 1:16 PM ET

    WASHINGTON— The Senate voted Thursday to extend a program that helped stabilize jittery insurance markets in the aftermath of the Sept. 11 terrorist attacks. The Senate voted 93-4 to extend the program through 2021. Under the program, the federal government helps pay damages for attacks that cost more than $100 million.

  • House passes tax breaks to boost charitable giving Thursday, 17 Jul 2014 | 12:43 PM ET

    WASHINGTON— The House passed a package of tax breaks Thursday designed to boost charitable donations by seniors, private foundations and procrastinators. The White House threatened to veto the bill because it would add $16 billion to the budget deficit over the next decade.

  • Court further limits reach of gas drilling law Thursday, 17 Jul 2014 | 12:34 PM ET

    HARRISBURG, Pa.— A Pennsylvania court has further limited the reach of a major 2012 law that modernized drilling regulations, ruling Thursday that state public utility regulators cannot review how local zoning restrictions affect the natural gas industry.

  • WASHINGTON, July 17- General Motors' legal department came under fire in a Senate hearing on Thursday, as lawmakers questioned why the automaker took more than 10 years to recall cars with ignition switch flaws while its lawyers worked on numerous cases involving deaths or injury caused by the malfunctioning switch.

  • Sen. Corker: We need to lower corporate rate     Thursday, 17 Jul 2014 | 8:36 AM ET

    Sen. Bob Corker, (R- Tenn.), discusses the need to lower the corporate tax rate on businesses. And Austan Goolsbee, 32 Advisors, weighs in.

  • LONDON, July 17- The legal battle between the London Metal Exchange and Russian aluminum giant Rusal will resume on July 29. There are currently 2,915,100 tonnes of the stuff waiting for a physical delivery slot in the LME warehouse system, most of it at just two locations; Vlissingen in the Netherlands and Detroit in the United States.

  • Congressman: DC gun amendment likely to fail Thursday, 17 Jul 2014 | 7:14 AM ET

    The fate of the spending bill and the amendments will likely depend on negotiations between the House, Senate and White House. "It is time for Congress to step in and stop the D.C. government's harassment and punishment of law-abiding citizens who simply want to defend themselves," Massie said in a statement.

  • Obama pushes transportation money at closed bridge Thursday, 17 Jul 2014 | 3:12 AM ET

    WILMINGTON, Del.— President Barack Obama announced a new program Thursday to attract more private money to help pay to build new roads and bridges as he criticized Congress for refusing to approve a more lasting source of funding.

  • Bolivia legalizes work by children as young as 10 Thursday, 17 Jul 2014 | 12:01 AM ET

    EL ALTO, Bolivia— Alicia weaves through El Alto's stalled traffic under a blazing sun, hawking colorful woven flowers to grumpy drivers and lovers.

  • U.S. House passes spending bill with Dodd-Frank changes Wednesday, 16 Jul 2014 | 6:06 PM ET

    The Democrat-controlled Senate is not expected to approve the bill as it is now. Earlier this week, the White House said that President Barack Obama "strongly opposes House passage" of the appropriations bill and would veto it if the legislation reached his desk.

  • GM to review, reorganize legal dept in response to recall Wednesday, 16 Jul 2014 | 5:15 PM ET

    WASHINGTON, July 16- General Motors Co has appointed an outside law firm to investigate its legal department, which is under fire for its role in the company's mishandled ignition switch recall, the automaker's top lawyer will announce at a Senate hearing.

  • GM supports bill banning rentals of recalled cars Wednesday, 16 Jul 2014 | 4:28 PM ET

    WASHINGTON— General Motors Co. is the first big automaker to support legislation barring rental-car companies from renting or selling vehicles subject to a recall.