March 16- A draft bill to remake the nation's $10 trillion mortgage market and wind down government-run companies Fannie Mae and Freddie Mac, the two housing finance giants that were bailed out by taxpayers in 2008, was released by two leading senators on Sunday.» Read More
The original agreement announced in December 2012 was valued at up to $120 million. The U.S. District Court in New Jersey approved the settlement on a preliminary basis in 2013. Aetna had agreed to pay $60 million after final approval, and up to $60 million more after claims were submitted and validated. Shares of Aetna Inc. slipped 99 cents to $71.92 Friday.
DES MOINES, Iowa-- Solar energy would get a big boost in Iowa if a bill passed Thursday in a Senate committee becomes law. The bill, approved by the Senate Ways and Means Committee, would increase the annual cap for solar tax credits to $4.5 million from the current $1.5 million.
Steve Beshear says the state has hired a private law firm to represent him in appealing a judge's order for Kentucky to recognize same-sex marriages performed in other states or countries. Beshear announced Thursday that the state has signed a contract with the 11- member Ashland firm of VanAntwerp, Monge, Jones, Edwards& McCann.
WASHINGTON, March 13- U.S. House Speaker John Boehner on Thursday urged the Senate to pass a House bill backing $1 billion in loan guarantees for Ukraine and said he did not think IMF reforms should be in a Ukraine bill. The House of Representatives last week passed a bill addressing the Ukraine crisis that contained backing for $1 billion in loan guarantees.
WASHINGTON-- Supreme Court Justice Anthony Kennedy has denied an emergency request by the National Rifle Association to block enforcement of a California city ordinance that bans gun magazines capable of holding more than 10 bullets.
*Weidmann sees no need for fresh policy action. FRANKFURT, March 13- The European Central Bank is running out of conventional policy tools and any new action would quickly take it into territory where legal questions about some options would arise, Bundesbank chief Jens Weidmann said.
The recently formed Catholic Benefits Association, which includes archdioceses, an insurance company and a nursing home, takes issue with a compromise in the Affordable Health Care Act offered by the Obama administration that attempted to create a buffer for religiously affiliated hospitals, universities and social service groups that oppose birth control.
WASHINGTON, March 12- The U.S. Senate Foreign Relations Committee voted 14-3 on Wednesday to pass a bill addressing the crisis in Ukraine that includes reforms to the International Monetary Fund and sanctions on Russians and Ukrainians, as well as aid and loan guarantees for the new government in Kiev.
March 12- Jefferies LLC will pay $25 million to resolve U.S. criminal and civil investigations into its mortgage bond trading, after one of its former traders was convicted for defrauding clients, and authorities said they are investigating whether other individuals broke the law.
JEFFERSON CITY, Mo.-- Missouri would become the third state to make women wait three days to have an abortion after seeing a doctor under legislation passed by the state House on Tuesday. The bill would triple Missouri's current 24- hour waiting period and put the state in line with Utah and South Dakota as the only states to mandate a 72- hour time frame.
*Fannie Mae, Freddie Mac would be liquidated under plan. WASHINGTON, March 11- The leaders of the Senate Banking Committee on Tuesday announced an agreement on legislation to wind down government-owned mortgage financiers Fannie Mae and Freddie Mac, jump-starting a long-standing debate that could still take years to resolve.
WASHINGTON, March 11- The leaders of the U.S. Senate Banking Committee on Tuesday outlined plans for legislation to wind down government-owned mortgage financiers Fannie Mae and Freddie Mac that they said would continue to provide access to long-term, fixed-rate mortgages.
CEO Les Moonves said CBS could offer its content over the Internet if the Supreme Court decides Aereo's video streaming service is legal.
FRANKFORT, Ky.-- House lawmakers agreed on Monday to extend state tax incentives aimed at spurring new expansion projects by General Electric Co. and AK Steel, two key employers in the state.
KUALA LUMPUR/ NEW YORK/ LONDON, March 12- I nvestigators trying to solve the disappearance without trace of a Malaysia Airlines jetliner face an extremely rare challenge that could hinder their efforts: they lack the powers of a formal air safety investigation.
March 11- CBS Corp Chief Executive Officer Leslie Moonves said the No. 1 rated broadcaster could offer its content directly to consumers over the Internet and cut off its traditional broadcast signal if the Aereo video streaming service is deemed legal.
DETROIT, March 10- General Motors Co on Monday said it had hired two outside law firms to probe the company's response to ignition-switch problems on cars that have been linked to 13 deaths, but both firms have done business with GM, raising questions of conflict of interest.
Gox, once the world's largest bitcoin exchange, filed for U.S. bankruptcy protection in Dallas late Sunday, a move that will temporarily halt U.S. legal action against the Japanese company.
Bankruptcy in Dallas late Sunday, a move that will temporarily put U.S. legal action on hold against the Japanese company. The company said without U.S. bankruptcy protection it would spend substantial funds defending itself against a U.S. lawsuit seeking class action status that was filed in Chicago federal court.
WASHINGTON, March 10- The U.S. Supreme Court on Monday agreed to consider whether class action claims against underwriters of securities issued by a unit of the now-defunct IndyMac Bancorp Inc should be able to proceed.