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Law Legislation

  • President Barack Obama

    His approval ratings slipping, President Barack Obama is retooling his message on his health care overhaul, aiming to win over Americans who already have insurance.

  • Maurice "Hank" Greenberg

    The SEC said Thursday that former American International Group CEO Maurice "Hank" Greenberg agreed to pay a $15 million fine to settle fraud charges.

  • Pills

    Pressed by industry lobbyists, White House officials on Wednesday assured drug makers that the administration stood by a behind-the-scenes deal to block any Congressional effort to extract cost savings from them beyond an agreed-upon $80 billion.

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    A regulatory ban on so-called flash trading, which gives some big brokerage firms a split-second advantage in buying and selling stocks, will take time to implement, Securities and Exchange Commission Chairman Mary Schapiro told CNBC.

  • Health Care Reform

    Effectively managing the massive amounts of medical data generated within our health care system can literally mean the difference between life and death. It can also mean the difference between success and failure in stemming the rising costs of health care,  writes guest blogger Janet Marchibroda, IBM's Chief Healthcare Officer.

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    Andrew Hall, the trader behind Phibro, the energy trading arm of Citigroup, is quietly pushing for a "quiet divorce" from his parent company and has had preliminary talks with one possible suitor, The New York Times reports.

  • Accused fraudster Allen Stanford once claimed a net worth of more than $2 billion. But with all of his assets frozen by a federal judge, he has no funds to pay his high-powered criminal defense lawyer, Dick DeGuerin of Houston.

  • Barney Frank

    There is a lot about Wall Street pay to make the rest of us livid, or at least jealous. And now Congress seems poised to act on it. It might not hurt much, but neither will it do much good, says the NYT.

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    The court-appointed receiver in the Stanford Financial case—whose job is to locate funds to return to investors—is suing some 400 of them in a controversial "clawback" case.

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    The court-appointed receiver in the Stanford Financial case—whose job is to locate funds to return to investors—is suing some 400 of them in a controversial "clawback" case.

  • The bill was was approved Tuesday by the House Financial Services Committee, which Frank chairs. The measure was approved in a 40-28 party-line vote.

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    The Securities and Exchange Commission and the Justice Department are defending their investigations of the alleged $8 billion Stanford Financial fraud. This, following an investigation by the SEC's Inspector General — first reported by CNBC — that concluded the SEC "effectively halted" its investigation last year at the Justice Department's request.

  • Allen Stanford

    Accused fraudster Allen Stanford can't stand the heat, and he wants out of the Texas jail where he is being held.

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    The mayors of two New Jersey cities, a current and former state legislator and five rabbis were among more than three dozen people arrested Thursday in a sweeping corruption investigation.

  • Healthcare reform will bring slightly greater pricing pressure but larger volume for medical technology firms, says Steve Macmillan, CEO of Stryker.

  • Driving while using a cellular phone.

    In 2003, researchers at a federal agency proposed a long-term study of 10,000 drivers to assess the safety risk posed by cellphone use behind the wheel. But such an ambitious study never happened.

  • Bank robbery

    The 52-year-old contractor was desperate to save his business. Unable to pay his workers and facing bankruptcy, Ausencio C. G., as Spanish police identify him, went to the bank — but not for a loan.

  • Democrats

    A half-dozen senators friendly to labor have decided to drop a central provision of a bill that would have made it easier to organize workers.

  • Healthcare coverage and the hastle of forms

    Just two days ago, the New York Times heralded on its front page “Health Care Bill Passes First Test on Capital Hill”, a title that belied the fact that the health care bill as currently structured has almost no likelihood of becoming law. Moderate Democrat Senators have no stomach for it, because their constituencies have no stomach for it.

  • Sonia Sotomayor, as nominee for US Supreme Court Justice.

    How much do you think Judge Sonya Sotomayor wishes she could take back her “hope that a wise Latina woman…would more often than not reach a better conclusion than a white male”  statement from a few years ago?