Almost six years after the start of the worst financial crisis since the Great Depression, bond issuers are again exploiting credit ratings by seeking firms that will provide high grades on debt backed by assets from auto loans to office buildings considered inappropriate by rivals.
Jules Kroll, a former private investigator who started a bond-rating company after the financial crisis, said the largest credit-rating firms are again putting profits ahead of accuracy amid record demand for corporate debt.
A Republican senator wants to limit the number of immigrants granted permanent U.S. residency, while a Democratic senator is seeking protection for same-sex couples as part of legislation to revise immigration laws.
Compounding pharmacies would have to register with the Food and Drug Administration and list the products they’ve made under legislation being considered by U.S. senators in response to last year’s meningitis outbreak.
U.S. Senator Al Franken , a former NBC comedian, asked federal officials to investigate whether Comcast Corp. violated antitrust law by naming new managers at NBC Universal as regulators weigh the purchase.
Smartphones, mobile applications and in-car navigation devices would be required to get permission from consumers before collecting and sharing location data under legislation to be considered by a U.S. Senate committee this week.