An icy rain is pelting about 30 protesters who’ve converged at the gate of a natural gas drilling site near Manchester, England. On the other side of a fence topped with razor wire, a 10-story-high rig is boring into shale to determine if it’s suitable for hydraulic fracturing, or fracking. The demonstrators unfurl a banner: “Fracking will poison our children.”
More than five months ago, the Federal Reserve and Office of the Comptroller of the Currency told some of the biggest banks to improve underwriting standards for non-investment-grade loans. The market is showing few signs of tightening as lenders chase lucrative fees.
Second Mile, the foundation for needy children started by former Penn State University assistant football coach Jerry Sandusky, may not survive the scandal over charges that he molested eight boys, the charity’s vice chairman said.
The evidence prosecutors have laid out against former Pennsylvania State University assistant football coach Jerry Sandusky, who is charged with sexually abusing 10 boys, may make a plea bargain more probable than a trial, according to lawyers who have followed the case.
Merck & Co. ’s Kenneth C. Frazier , named today as chief executive officer of the second-biggest U.S. drugmaker, vowed to develop innovative products and increase sales in emerging markets in his new post.