David Carter News
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McGraw-Hill Cos.’s Standard & Poor’s unit urged a federal judge to throw out the U.S. Justice Department’s allegations that the company’s mortgage-backed securities ratings were fraudulent.
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McGraw-Hill Cos.’s Standard & Poor’s unit is set to take its first stab at fending off the U.S. Justice Department’s allegations that the company’s mortgage-backed securities ratings were fraudulent.
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New Zealand is failing to slow the spread of a bacterial disease that threatens the survival of its kiwifruit industry and could cost the economy as much as NZ$200 million ($153 million) this year.
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Concerns that New Zealand’s North Island may fall further into drought have eased after significant rainfall in the last month, the government said.
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Phil Anschutz has taken Anschutz Entertainment Group off the market after bids for the world’s second-biggest concert promoter and owner of the Staples Center in Los Angeles didn’t meet the billionaire’s demand.
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Hartford Financial Services Group Inc., the insurer focusing on property-casualty coverage, hired Susan Bencher to run a unit that caters to cities, counties and other public entities.
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MGA Entertainment Inc. can seek court permission to proceed with its trade-secret allegations against Mattel Inc. after the U.S. Court of Appeals in San Francisco threw out MGA’s trial victory on the claims.
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Mattel Inc. has won dismissal of an antitrust lawsuit by MGA Entertainment Inc., the toymaker that sought $1 billion in damages alleging Mattel violated antitrust laws in a dispute over Bratz dolls.
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McGraw-Hill Cos.’s Standard & Poor’s unit and the Justice Department both want more time to prepare written arguments in the first federal court case against a ratings service for grades related to the credit crisis.
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Sam Hurd’s arrest on a federal charge of conspiracy to distribute cocaine will cause months of public-relations headaches for the National Football League without driving fans away from the most-watched sport in the U.S., analysts said.
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