Australia will swear in replacements for two exiting government ministers today as Prime Minister Julia Gillard tries to minimize disruption caused by twin resignations within a week of setting the date for an election.
New York’s highest court was asked by Bank of America Corp. , UBS AG and other institutions to reinstate their lawsuit claiming that bond insurer MBIA Inc.’s 2009 restructuring was intended to defraud policyholders.
Australian Health Minister Nicola Roxon said an extra A$15.6 billion will be guaranteed for future health-care spending across the country as the federal government tries to win support from state leaders for a revamp of the health-care system. Roxon made the comments on Australian Broadcasting Corp. radio today.
Intellectual Ventures Management LLC, the patent-licensing firm that filed three patent- infringement suits against technology companies in December, has succeeded in getting counsel for one of the companies disqualified from the case.
Tobacco companies’ claims that Australia was illegally seizing their trademarks with a law requiring cigarettes to be sold in plain packages was questioned by judges who said companies would still retain their brand names on the new packs.
Australia is poised to become the first nation to require tobacco products to be sold in plain packages, a move that could see other countries follow suit and crimp earnings of companies like British American Tobacco Plc.