Sept 4- A district court judge has asked Credit Suisse Group AG to pay $287.5 million in damages to an affiliate of Highland Capital Management, as part of a long drawn breach of contract case. The damages are related to the event in which the Zurich- based bank was found to have used inflated appraisals to convince an affiliate of Highland Capital Management in...» Read More
THE INQUIRY: U.S. safety regulators are looking into problems with sticky throttles in older Ford Escapes, another safety issue for the trouble-plagued small SUV. If the National Highway Traffic Safety Administration decides to open a formal investigation, it could lead to a recall.
DOW MILESTONE: The Dow's close at 13,610.15 was its highest since December 2007. It's still short of its all-time high of 14,164.53 reached in October 2007. WHAT'S NEXT: Third-quarter corporate earnings start with Alcoa on Tuesday.
WASHINGTON-- A federal judge says the D.C. transit system must allow a pro- Israel ad that equates Muslim radicals with savages. District Judge Rosemary Collyer said in a one-page opinion Friday that the advertisement must be displayed no later than 5 p.m. on Monday.
The FDA has sent warning letters to three companies behind most of the 4,100 websites it identified as illegally selling potentially dangerous, unapproved drugs. "This is a first step," said FDA spokeswoman Sarah Clark-Lynn. " According to the FDA one business, called CanadaDrugs.com, operates 3,710 of the targeted websites.
Franklin County Circuit Judge Phillip Shepherd still has to approve the deal that requires ICG to pay $575,000 in penalties. Under the agreement, ICG would pay $335,000 to the PRIDE environmental initiative to help stop Kentucky residents from piping sewage directly into streams and $240,000 to the Department for Natural Resources to pay for a water study.
THE INVESTIGATION: The National Highway Traffic Safety Administration is investigating complaints that sunroofs on the Hyundai Veloster can shatter and shower people in the car with glass. THE MODEL: The probe covers about 18,000 of the funky hatchbacks from the 2012 model year.
RISING STOCKS, FALLING PROFITS: Stocks are up sharply, despite an expected 1.3 percent fall in third-quarter earnings for companies in the Standard& Poor's 500.. TRIPLE WHAMMY: Corporate earnings are getting hit by slowing economic growth at home and abroad.
NEW YORK-- One type of investor buys stocks when everyone is convinced that corporate earnings will fall. He buys because he thinks they're wrong and earnings will rise instead. Barclays Capital stock strategist Barry Knapp said Thursday, as the Standard& Poor's 500 inched higher yet again. "
NASCAR will not race in Montreal next season after the promoter pulled the plug on the six-year relationship when he couldn't secure a premiere Sprint Cup Series event.
NEW YORK-- In December 2008, two of Bernard Madoff's most loyal employees met on a Manhattan street corner and fretted over a closely held secret that the rest of the world would learn about eight days later: that their boss was a con man for the ages.
On the New York Mercantile Exchange:. _ Benchmark oil closed down $1.83 to $89.88 per barrel. On the ICE Futures Exchange in London:.
WASHINGTON-- The Supreme Court agreed Friday to hear a dispute between a soybean farmer and Monsanto Co. over the company's efforts to limit farmers' use of its patented, genetically engineered Roundup Ready seeds.
A divided three-judge panel of the U.S. Circuit Court of Appeals for the District of Columbia said in August the Environmental Protection Agency's cross-state air pollution rule exceeded EPA's authority. The EPA asked the entire appeals court Friday to reconsider the case.
CHARLESTON, S.C.-- Tourism officials want to attract visitors to what they're calling undiscovered South Carolina _ rural areas away from such well-known tourist destinations as Charleston, Myrtle Beach and Hilton Head.
VALLETTA, Malta-- Leaders of five European countries have agreed that the European Union must pave the way towards a single European banking supervision system to be operational by January.
DES MOINES, Iowa-- An Ottumwa, Iowa investment manager is likely heading to prison after pleading guilty to charges of wire fraud and tax evasion stemming from a $1.1 million Ponzi scheme. John Francis Holtsinger pleaded guilty Friday during a hearing in federal court in Des Moines as part of a plea agreement with prosecutors.
TROY, Mich.-- ViSalus, Blyth Inc.' s weight loss, energy drink and nutritional supplement business, said Friday that it has named Yahoo executive Rich Riley to its board. ViSalus had meant to go public, but withdrew its initial public stock offering at the end of September, citing uncertain market conditions.
Gold for December delivery gave up $15.70 to $1,780.80 an ounce. Coffee prices slumped 4 percent, giving up 6.95 cents to settle at $1.6810 per pound. Jack Scoville, vice president Price Futures Group, said he was seeing widespread selling from speculative investors, but relatively little from producers.
ATHENS, Greece-- National Bank of Greece, the debt-crippled country's biggest lender by assets, on Friday announced a public offer to merge with its largest domestic competitor, Eurobank.
LITTLE ROCK, Ark.-- A group of residents in Independence and Faulkner counties are suing three natural gas drilling companies, claiming that waste fluids are improperly being pumped underneath land the companies don't own or lease. Houston- based Southwestern Energy Co. was the only company named in the original version of the suit, which was filed in August.