President Barack Obama’s administration announced this week that it is throwing its support behind the press shield law that has been stalled in Congress since time immemorial. Critics insist that the administration, suddenly mired in scandal, is simply trying to curry favor with the news media, but the proposal deserves to be judged on its merits.
The financial-recovery plan by Detroit’s emergency manager may harm the city’s bondholders because it indicates he is considering an effort to avoid paying in full, according to Moody’s Investors Service.
Morgan Stanley was sued by a Birmingham, Alabama, medical center over claims the bank received improper payments from ING Life Insurance and Annuity Co. in exchange for referral of retirement-investment business.
Supporters of a bipartisan Senate immigration bill prevented major changes to its visa program for high-skilled foreign workers, seeking to preserve a compromise backed by technology companies and labor groups.
U.S. natural gas prices, pushed to a record high after hurricanes Katrina and Rita barreled through the Gulf of Mexico eight years ago, are now more vulnerable to winter freezes than tropical storms after production moved onshore with the growth of drilling in shale formations.
Employees at McKee Lumber Co. in Corsicana, Texas, were discussing last month’s deadly blast at a fertilizer plant 50 miles away one recent morning when talk turned to their neighbor: El Dorado Chemical Co.