Law Legislation

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  • Wyden's inquiry follows a recent Associated Press story that found nearly a third of panelists at a December meeting of the Interagency Pain Research Coordinating Committee had apparent financial ties to painkiller manufacturers, including the maker of OxyContin. "These financial and professional relationships raise serious concerns about the...

  • ALBANY, N.Y.— When the emergency room fills up— whether it's a big accident, flu season or a stroke of misfortune— Brooklyn nurse Rose Green says she can find herself sprinting from room to room, trying to keep ahead of the whims of calamity. California already has such a law, and the proposal has been debated in New York for years. Hospitals and nursing homes estimate the...

  • SEATTLE, Feb 5- Washington state lawmakers voted down a bill on Friday that would have forced Boeing to keep a minimum number of jobs in the state in exchange for receiving billions of dollars in tax breaks. The bill would have linked the tax breaks to Boeing's employment of at least 83,295 people in Washington, the number when the breaks were granted.

  • NEW YORK/ BUENOS AIRES, Feb 5- Argentina offered a $6.5 billion cash payment to creditors who hold its defaulted bonds on Friday, seeking to end a festering legal battle that transformed the country into a financial markets pariah. The turning point in the decade-long legal fight stemming from Argentina's record default on around $100 billion in 2002 comes less...

  • SEATTLE, Feb 5- Washington state lawmakers voted down a bill on Friday that would have linked billions of dollars in state tax breaks to Boeing Co employment levels. The 7-8 vote in the House Finance committee means the measure will not advance to a floor vote. The credits, which the state estimated to be worth nearly $9 billion over 16 years, are expected to generate...

  • BUENOS AIRES, Feb 5- Argentina's new President Mauricio Macri and his finance minister showed "courage and flexibility" in dealing with the country's legal battle with creditors, the U.S. court-appointed mediator in the case said on Friday. Argentine officials in New York for talks with the creditors made a proposal on Friday to end the dispute, mediator Daniel...

  • Feb 5- New Jersey on Friday filed a lawsuit against Volkswagen AG and its luxury units over the German automaker's excess diesel emissions, becoming the fourth U.S. state to take legal action. It faces a U.S. ban on selling 2016 diesel models and is holding talks with California, which issued a separate ban, and the U.S. Environmental Protection Agency to win...

  • SEATTLE, Feb 5- Washington state lawmakers voted down a bill on Friday that would have linked $8.9 billion in state aerospace industry tax breaks to Boeing Co employment levels.

  • NEW YORK/ BUENOS AIRES, Feb 5- The mediator in Argentina's decade-long legal battle with creditors over unpaid debt said he would issue a "significant statement" later on Friday after presiding over a week of intense talks in New York between the two sides. Argentina restructured nearly 93 percent of its defaulted debt in 2005 and 2010 swaps that gave creditors 25...

  • New Jersey sues VW over excess diesel emissions Friday, 5 Feb 2016 | 4:14 PM ET

    Feb 5- New Jersey on Friday filed a lawsuit against Volkswagen AG and its luxury units over the German automaker's excess diesel emissions, becoming the third U.S. state to take legal action. It faces a U.S. ban on selling 2016 diesel models and is holding talks with California, which issued a separate ban, and the U.S. Environmental Protection Agency to win approval...

  • ALBUQUERQUE, N.M.— New Mexico has succeeded in a lengthy legal battle aimed at barring a horse slaughter operation from opening in the state. Bruce Wagman, an attorney for the horse advocacy group Front Range Equine Rescue, said Friday that the order and previous rulings from the judge effectively end any chance of a horse slaughter operation opening in New...

  • The German carmaker said Friday it would give new dates for the earnings release, formerly slated for March 10, and for its shareholder gathering originally set for April 21. The U.S. Environmental Protection Agency is suing the company in federal court over what it says were 600,000 such vehicles. U.S. law firm Jones Day is conducting an investigation into who...

  • His lawyer, Roderick Martin of Martin& Partners, withdrew his request after Singapore's deputy chief prosecutor raised no objection to Yak's plan to transfer $1.76 million to Singapore from overseas accounts to pay his tax and legal fees. 1 MDB, whose advisory board is chaired by Malaysian Prime Minister Najib Razak, is being investigated by authorities in...

  • China graft watchdog raps financial regulators Thursday, 4 Feb 2016 | 10:42 PM ET

    BEIJING, Feb 5- China's main ruling Communist Party anti-graft watchdog has criticised four financial regulators after its latest inspection, saying they had problems ranging from using public funds for holidays to lack of corruption risk controls. The four- the People's Bank of China, State Administration of Foreign Exchange, China Banking Regulatory...

  • NEW YORK, Feb 4- A suspended deputy United Nations ambassador from the Dominican Republic cannot claim diplomatic immunity to avoid U.S. charges that he participated in a vast bribery scheme, a U.S. judge ruled on Thursday. District Judge Vernon Broderick in Manhattan ruled that as a naturalized U.S. citizen, neither treaty obligations nor federal law entitled...

  • NEW YORK, Feb 4- A suspended deputy United Nations ambassador from the Dominican Republic cannot claim diplomatic immunity to avoid U.S. charges that he participated in a vast bribery scheme, a U.S. judge ruled on Thursday. District Judge Vernon Broderick in Manhattan ruled that as a naturalized U.S. citizen, neither treaty obligations nor federal law entitled...

  • NEW YORK— Swiss bank Julius Baer, facing a criminal charge, has agreed to pay $547 million and cooperate for three years with American authorities to shut down accounts that enabled wealthy Americans to evade taxes, authorities announced Thursday. "Bank Julius Baer not only turned a blind eye to tax avoiders but actually conspired with them to break the law," U.S.

  • WASHINGTON, Feb 4- The U.S. House of Representatives passed legislation on Thursday that would curb a Justice Department initiative aimed at cutting off perpetrators of fraud from the banking system. The goal of the program, frequently called " Operation Choke Point," has been to hold banks accountable while sniffing out law breakers, according to the department.

  • CHARLESTON, W.Va.— A bankrupt chemical company responsible for a spill that contaminated a West Virginia river and fouled the drinking water supply of 300,000 residents was fined $900,000 on pollution charges Thursday, with a judge noting that Freedom Industries likely could never pay it. Johnston said there were millions more in claims against the company...

  • Democrats are making support for Flint, a poor city of mostly African Americans and Latinos near Detroit, a wider issue ahead of the November presidential election. Democratic candidates Hillary Clinton and Bernie Sanders are set to hold a presidential debate next month in Flint. Senator Lisa Murkowski, a Republican from Alaska and a co-sponsor of the bill,...