Bahrain, the Persian Gulf nation whose credit rating was cut in September, will revamp subsidies that have led to excessive consumption of energy and some foods, Central Bank Governor Rasheed al-Maraj said.
Nine months into her job as California attorney general, Kamala Harris found herself across the table from lawyers for five of the nation’s biggest lenders, trying to hammer out a deal to help mortgage holders weather the foreclosure crisis.
Heritage Action, the angry conservative id that has swallowed the Heritage Foundation (and much of the House Republican Conference) whole, just announced that it will treat Janet Yellen’s nomination for chairman of the Federal Reserve as a “key” vote. The designation is intended to pressure Republican senators, who presumably risk being labeled soft on monetarism if they vote to elevate Yellen.
The U.S. government sought to intervene in a lawsuit accusing units of H&R Block Inc., the biggest U.S. tax preparer, of operating a website inaccessible to people who are blind, deaf or have other disabilities.
Apple Inc. won more than $290 million from Samsung Electronics Co. in a do-over damages trial by relying on the same tactics it used in a 2012 victory -- and a witness who jurors said tipped the balance in Apple’s favor.
The U.S. government “really blew it” on conducting surveillance programs that riled foreign leaders and domestic skeptics, Facebook Inc. Chief Executive Officer Mark Zuckerberg said in a television interview.
The most significant change in three decades in how the Senate approves presidential nominees could make one of the least productive Congresses even more gridlocked, endangering efforts to raise the nation’s debt ceiling and fund the government, Republicans say.