North Carolina wants to spend $216 million, mostly in federal tax money, to rebuild a bridge to a ribbon-thin Outer Banks island even though the highway it leads to has been severed twice in three years by sea water and storms.
Wi-Lan Inc., an Ottawa-based company that has used lawsuits to get companies to license its technology, is enjoying its biggest rally in two years as investors see little threat from President Barack Obama’s promise to rein in patent litigation.
In a meeting with local reporters, Republican U.S. Representative Joe Heck made clear he doesn’t support a Senate-passed immigration bill in its entirety. One provision he did highlight, though, was an exemption from visa limitations for children of Filipino veterans of World War II.
Goldman Sachs Group Inc. and JPMorgan Chase & Co. are among banks whose debt ratings may be cut by Moody’s Investors Service as it examines whether the U.S. would be less likely to ensure creditors are repaid in a crisis.