FINRA’s failure to uncover Madoff, Stanford schemes points to need for reforms, review saysWASHINGTON — The brokerage industry’s self-policing body must make reforms to protect investors after its inspections failed to uncover the massive Ponzi scheme run by Bernard Madoff and the alleged fraud by R. Allen Stanford, according to a special review. Allergan suing US regulators, saying off-label marketing policy violates free-speech rightsNEW YORK — Allergan Inc., the maker of the Botox wrinkle treatment, challenged the government’s ban on off-label drug marketing to doctors, saying it violates the company’s right to freedom of speech. Chickens, fresh apples and other local foods can give indigestion to local officialsChickens finally can roost legally in Bozeman, Mont. EU says British Airways, American Airlines, Iberia alliance may break antitrust rulesBRUSSELS — European Union regulators said Friday they have warned British Airways, American Airlines and Iberia that their plans to share more of their lucrative trans-Atlantic routes may break antitrust rules. EU regulator says British Airways, American Airlines, Iberia alliance breaks antitrust rulesBRUSSELS — European Union regulators said Friday they have charged British Airways, American Airlines and Iberia with breaking antitrust rules by sharing lucrative trans-Atlantic routes. EU says British Airways, American Airlines and Iberia alliance breaking antitrust rulesBRUSSELS — European Union regulators said Friday they have charged British Airways, American Airlines and Iberia with breaking antitrust rules by sharing lucrative trans-Atlantic routes. Democratic liberals and moderates in key Senate committee close ranksWASHINGTON — Health care legislation backed by President Barack Obama all but cleared a major hurdle in the Senate early Friday as Democratic liberals and moderates on a key committee closed ranks behind the most sweeping set of changes in a half-century. Shuar Indians man roadblock in dispute with Ecuador’s government over mining, water lawsMACAS, Ecuador — Several hundred Shuar Indians wearing black war paint and toting wooden spears on Thursday reinforced a highway blockade that police failed to break up earlier in a bloody melee that left one Indian dead and at least 40 police injured. Democratic Sen. Schumer criticizes Obama administration position on media shieldWASHINGTON — A key Senate sponsor of a bill to protect reporters’ sources in federal court said Thursday the Obama administration has unexpectedly tried to weaken the protections. Montana files lawsuit seeking freedom from federal gun control on merchandise made in stateHELENA, Mont. — If Montana has its way in a lawsuit filed Thursday, there will be far less federal gun control in the state. Health overhaul just a step away from Senate floor, Dems ease impact on working-class familiesWASHINGTON — Capping months of struggle, Democrats pushed health care legislation atop President Barack Obama’s agenda to the brink of a major Senate advance early Friday after last-minute changes to ease the impact on working-class families. The most far-reaching overhaul in decades aims to protect millions who have unreliable insurance coverage or none at all. Lawmakers divided by region over how to spend $350 million set aside for dairy farmersWASHINGTON — Although federal lawmakers have agreed to provide $350 million to dairy farmers, they were haggling Thursday on just how to dish out most of the money. AP sources confirm Comcast is in talks for up to a 51 percent stake in NBC UniversalPHILADELPHIA — Comcast Corp. might spend billions for a stake in NBC Universal, a deal that would transform the nation’s largest cable TV provider into one of the most prominent owners of TV shows, movies and other programming as well. Next CEO of BofA still uncertain, but will have to repair damaged relations, balance sheetNEW YORK — The CEO who succeeds the departing Ken Lewis at Bank of America Corp. will have plenty of repair work to do, including mending relationships with regulators and investors after the animosity that followed the acquisition of Merrill Lynch & Co. this past year. Finance Committee senators agree to let states negotiate health plans for the poorWASHINGTON — Senators trying to make health care more affordable want to let state governments negotiate basic coverage plans for some lower-income people. Democrats turn back GOP health bill tax amendments as Sen. aims to finish debate by nightfallWASHINGTON — Rejecting Republican amendments, Democrats turned back GOP efforts to cast the health care overhaul as a tax hike on the middle class Thursday, as a crucial Senate panel aimed to wrap up debate on the measure by nightfall. Troubled W.Va. bank agrees to greater scrutiny by regulatorsCHARLESTON, W.Va. — The parent company of Summit Community Bank says it has agreed to closer government scrutiny and been ordered to suspend dividends. Obama administration, Congress members looking to ban text messaging from the driver’s seatWASHINGTON — The Obama administration said Thursday it will seek to ban text messaging by interstate bus drivers and truckers and push states to pass their own laws against driving cars while distracted. House approves $33.5 billion for 2010 spending on energy and water projectsWASHINGTON — The House agreed Thursday to essentially freeze spending on energy and water projects next year after pouring tens of billions of dollars into them as part of last winter’s economic stimulus plan. NY Philharmonic postpones plans for Cuba tour, citing US travel restrictions for patronsNEW YORK — The New York Philharmonic is postponing a planned trip to Cuba, citing U.S. travel restrictions that prevent patrons from going on the historic journey to the communist country. Pelosi hedges on calls for Democratic apology, but cautions against inflammatory rhetoricWASHINGTON — House Speaker Nancy Pelosi says anyone using harsh rhetoric to raise fears about health care reform should apologize and get on with writing policy, but said there’s no reason to single out a Florida Democrat who said Republicans want sick Americans to “die quickly.” Obama administration to push for text messaging bans for truck and bus driversWASHINGTON — Transportation Secretary Ray LaHood says the Obama administration will pursue new federal rules that could ban text messaging by truck and interstate bus drivers and urge states to pass laws against distracted driving. Democrats turn back GOP health bill tax amendments as Baucus aims to finish panl work ThursdayWASHINGTON — Rejecting Republican amendments, Democrats turned back GOP efforts to cast the health care overhaul as a tax hike on the middle class Thursday, as a crucial Senate panel aimed to wrap up debate on the measure by nightfall. Federal judge rejects US Airways’ effort to serve liquor on New Mexico flightsALBUQUERQUE, N.M. — A federal judge has ruled New Mexico officials can keep US Airways from serving alcohol on its New Mexico flights after a passenger caused a drunken-driving crash that killed five people. House Speaker Pelosi says apologies a must for harsh rhetoric, no matter the offending partyWASHINGTON — House Speaker Nancy Pelosi says anyone using harsh rhetoric to raise fears about health care reform should apologize and get on with writing policy, but said there’s no reason to single out a Florida Democrat who said Republicans want sick Americans to “die quickly.” Baucus says has ‘high hopes’ of finishing work on health bill Thursday; final vote next weekWASHINGTON — The chairman of the Senate Finance Committee said Thursday he wanted to complete work on a sweeping health care bill by nightfall, opening the way for Democratic leaders to bring the historic legislation to the floors of both the House and Senate as early as mid-October. Growing number of states push electronics manufacturers to take responsibility for e-wasteINDIANAPOLIS — Frustrated by inaction in Congress, a growing number of states are trying to reduce the rising tide of junked TVs, computers and other electronics that have become one of the nation’s fastest-growing waste streams. Health care issues: How to pay doctors under MedicareA look at key issues in the health care debate: Ecuadorean gov’t, Indians trade blame for deadly clash in protest over jungle developmentQUITO, Ecuador — The government and Amazon Indians traded blame Thursday for a battle in Ecuador’s southeastern jungle that authorities said killed at least one Indian and wounded 40 police and nine Indians. Target will pay $600,000 civil penalty for importing and selling toys with lead paintWASHINGTON — Target Corp. has agreed to pay a $600,000 civil penalty for importing and selling a variety of toys with high levels of lead paint on the surface. |
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