Alabama News
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Updated 45 minutes ago
Fairfax Financial Holdings Ltd., with seven of eight hedge funds it accused of spreading false rumors out of a lawsuit, may see the $24 billion case shrink again. A judge is poised to rule whether racketeering counts allowing triple damages should be tossed, Bloomberg News’s Thom Weidlich reports.
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Updated 57 minutes ago
BP Plc, Transocean Ltd. and Halliburton Co., with billions of dollars on the line, are set to find out from a federal judge who among them is to blame for the April 20, 2010, explosion and sinking of the Deepwater Horizon oil rig in the Gulf of Mexico.
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The trial that will determine the extent of any liability U.K.-based energy company BP Plc and its partners face for the April 2010 Gulf of Mexico oil spill is scheduled to begin next week in New Orleans federal court.
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A commission appointed by the Group of 20 nations called for stricter regulation of price-reporting agencies to prevent the manipulation of oil markets.
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Hyundai Motor Co. Chairman Chung Mong Koo crosses the stage for his New Year’s address, his heels clicking as 600 employees wait in silence.
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Hibbett Sports Inc., a chain of sporting goods stores dotting much of the Southeast, rose the most since Nov. 28 as unseasonably warm winter weather sparked more outside activity and spring shopping.
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Martin Marietta Materials Inc.’s chief financial officer said a proposed merger with Vulcan Materials Co. may yield cost savings of as much as $330 million in three years, $80 million more than estimated in December.
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Alabama and Georgia argued to salvage state laws targeting illegal immigrants in a hearing before a federal court that already said there’s a “substantial likelihood” some of those measures will be thrown out.
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Federal Reserve Bank of Atlanta President Dennis Lockhart said he is concerned that a new round of asset purchases by the Fed would fuel inflation while failing to spur lending.
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Fairfax Financial Holdings Ltd., with seven of eight hedge funds it accused of spreading false rumors out of a lawsuit, may see the $24 billion case shrink again with a judge poised to rule whether racketeering counts allowing triple damages should be tossed.
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