About $8 trillion of known coal reserves lie beneath the earth’s surface. The companies planning to mine and burn them are being targeted by a growing group of investors concerned with the greenhouse gases that will be made.
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.
JPMorgan Chase & Co. is preparing to pay $13 billion to end U.S. civil probes of its mortgage-bond sales, an amount that ranks among the largest settlements by a single company and dwarfs fines previously imposed by the Justice Department. Past accords include: