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  • Credit Suisse, Assured Guaranty settle US lawsuit Thursday, 27 Nov 2014 | 3:48 AM ET

    Credit Suisse has reached a confidential settlement with Assured Guaranty.

  • Nov 26- Credit Suisse Group AG has reached a confidential settlement with Assured Guaranty Ltd on claims related to what the insurer said were defective loans underlying mortgage-backed securities, court documents showed. Assured Guaranty said it had filed to dismiss its lawsuit against Credit Suisse, according to a statement on its website.

  • Nov 26- Illinois, which is struggling to bolster a shaky public pension system weighed down by a $104.6 billion shortfall, has asked the state's highest court to reverse a lower court ruling that declared a planned overhaul unconstitutional. The expedited appeal to the Illinois Supreme Court, which was expected, seeks to overturn a Nov. 21 ruling by Judge John...

  • The 7th U.S. Circuit Court of Appeals in Chicago said Motorola Mobility, a unit of Lenovo Group Ltd, could not invoke U.S. antitrust law because its foreign subsidiaries had been the "immediate victims" of a conspiracy to boost prices on liquid crystal display screens. The defendants include AU Optronics Corp, Chunghwa Picture Tubes Ltd, HannStar Display Corp, LG...

  • Nov 26- A federal appeals court on Wednesday rejected Motorola Mobility LLC's attempt to hold several Asian suppliers liable under U.S. antitrust law for fixing prices of mobile phone displays sold to its foreign units. The 7th U.S. Circuit Court of Appeals in Chicago, in an opinion by Circuit Judge Richard Posner, said Motorola Mobility, a unit of Lenovo Group Ltd,...

  • US agency threatens to act against air bag maker Wednesday, 26 Nov 2014 | 11:38 AM ET

    DETROIT— A dispute between U.S. safety regulators and air bag maker Takata Corp. escalated Wednesday when the government threatened fines and legal action if the company fails to admit that driver's air bag inflators are defective and to agree to a nationwide recall. In a letter to Takata's Washington office, the National Highway Traffic Safety...

  • Two FBI agents shot at barricaded home near Ferguson Wednesday, 26 Nov 2014 | 5:15 AM ET
    Police move to clear the streets of protestors and media during continued protests in Ferguson, Mo. on November 25, 2014.

    Two FBI agents were shot at a barricaded home just miles from the protest-wracked St. Louis suburb of Ferguson early Wednesday, police said.

  • *Platinum, palladium traders sued by jewelry maker. NEW YORK, Nov 25- Goldman Sachs Group Inc, Germany's BASF SE and two other big platinum and palladium dealers have been sued in the United States in what the plaintiff's law firm called the first nationwide class action over alleged price-fixing of the metals. In a complaint filed on Tuesday in the U.S. District...

  • White House veto threat shelves possible tax plan Wednesday, 26 Nov 2014 | 3:25 AM ET

    WASHINGTON— A White House veto threat appears to have put on ice a congressional effort to permanently renew a handful of tax breaks for businesses and individuals. The White House immediately weighed in with a veto threat, saying Congress should also make permanent a top Obama administration priority: extending more generous tax credits for the working poor...

  • China accuses West of blocking graft probe Wednesday, 26 Nov 2014 | 1:29 AM ET

    Beijing's efforts to hunt down corrupt officials overseas are being hampered by western judges biased against China, according to a senior diplomat.

  • White House vows to kill deal to extend tax breaks Tuesday, 25 Nov 2014 | 4:55 PM ET

    WASHINGTON— The White House is working feverishly to quickly scuttle a congressional effort to permanently renew generous tax breaks for businesses and individuals, saying a plan brewing on Capitol Hill favored corporations over the working class. The White House immediately weighed in with a veto threat, saying Congress should also make permanent a top...

  • Lawmakers target Golden Gate Bridge sidewalk fee Tuesday, 25 Nov 2014 | 4:23 PM ET

    SAN FRANCISCO— Two California lawmakers plan to introduce legislation to block a possible sidewalk toll on the Golden Gate Bridge. Assemblymen Phil Ting and Marc Levine said at a news conference Tuesday that a sidewalk toll would be the wrong message to send when officials are trying to cut greenhouse gas pollution and encourage people to walk and bike.

  • LONDON, Nov 25- A London law firm is rallying Tesco Plc shareholders to join a lawsuit and seek compensation for losses after Britain's largest retailer discovered a hole in its profits, suspended eight senior employees and sparked a series of investigations. Stewarts Law, one of the litigators behind a 4 billion pound investor case against Royal Bank of...

  • Honda admits under-reporting serious US accidents Tuesday, 25 Nov 2014 | 1:10 AM ET

    Honda failed to notify U.S. safety regulators of 1,729 claims of injuries and deaths related to accidents in its vehicles since 2003.

  • The Japanese automaker's U.S. arm responded to a Nov. 3 order from the National Highway Traffic Safety Administration, seeking an explanation for why Honda failed to fulfill its legal obligation to report deaths and injuries, especially those involving air bags. Honda and Japanese supplier Takata Corp have been at the center of investigations of defects in...

  • Honda admits failing to report deaths, injuries Monday, 24 Nov 2014 | 4:55 PM ET

    DETROIT— Honda is admitting that it failed to report more than 1,700 injury and death claims about its vehicles to U.S. safety regulators, a violation of federal law. The agency said at the time that Honda may have failed to report incidents related to air bags made by Takata Corp. as well as other defective parts. Honda has recalled more than 5 million vehicles in...

  • Maui GMO ban supporters seek to dismiss lawsuit Monday, 24 Nov 2014 | 2:04 PM ET

    HONOLULU— Groups of moms and environmentalists are among the organizations that want to help defend a new Maui County law that bans the cultivation of genetically modified organisms. A federal judge ruled Nov. 14 that Maui County can't implement the law until he considers arguments in the lawsuit against it. Attorneys for Earthjustice and Center for Food...

  • DETROIT, Nov 24- Detroit is eying a date between Dec. 8 and 10 for its debt adjustment plan to take effect, allowing the city to exit the biggest-ever municipal bankruptcy, an attorney said on Monday. Heather Lennox, Detroit's attorney with law firm Jones Day, told U.S. Bankruptcy Court Judge Steven Rhodes that the city expects to complete a budget that incorporates...

  • MADRID, Nov 24- The head of Germany's Bundesbank cautioned the European Central Bank on Monday about the legal hurdles it would face in embarking on money printing to buy government bonds, underlining its opposition to such a move. The remarks from Jens Weidmann, who also sits on the ECB's Governing Council, raise a further question mark over ECB President Mario...

  • Indiana Supreme Court weighs school busing fees Monday, 24 Nov 2014 | 4:02 AM ET

    INDIANAPOLIS— Indiana Supreme Court justices quizzed lawyers in a case over school busing fees Monday about the limit of the state's constitutional guarantee of a free public education. The state Court of Appeals had decided unanimously this past June that the Marion County district violated the constitution when it allowed an outside contractor to...