Federal Reserve Bank of Richmond President Jeffrey Lacker said plans to limit the size or change the structure of the largest financial institutions must be made with the intent of allowing a failure without government aid.
U.S. exchanges and some brokers will be required for the first time to conduct coordinated trading tests to show they can recover from natural disasters or terrorist acts, according to a rule proposed by regulators.
Pfizer Inc. may have to face lawsuits by insurers alleging the company improperly marketed the epilepsy drug Neurontin after an appeals court found the cases were improperly denied class-action status.
President Barack Obama campaigned to sell his $447 billion jobs proposal, telling voters in the battleground state of Virginia that they deserve action on the economy and encouraging them to pressure lawmakers.
BP Plc, Transocean Ltd. and Halliburton Co., with billions of dollars on the line, are set to find out from a federal judge who among them is to blame for the April 20, 2010, explosion and sinking of the Deepwater Horizon oil rig in the Gulf of Mexico.
Robin Natanel picks up a compact black pistol, barrel pointed down range. Gripping the gun with both hands, left foot forward, she raises the semi-automatic and methodically squeezes off five shots. The first one creases the left edge of a red bull’s-eye on a target 25 feet away. The four others paint a three-inch pattern around the first. If the target were a person’s head or heart, he’d probably be dead.
GlaxoSmithKline Plc’s settlement of lawsuits over its Avandia drug triggered a challenge from nine law firms to a bid by lead attorneys for almost three-quarters of a $143 million fee fund, including one seeking about $2,700 per hour, according to two people familiar with the matter.