BOSTON — During oral argument over whether an “intake questionnaire” submitted to the Equal Employment Opportunity Commission constitutes a “charge” of discrimination, the justices of the U.S. Supreme Court blasted the agency for inconsistent practices that seem to leave employees ...
Read More »Singer Don McLean keeps serving his ‘American Pie’
At some point after Don McLean takes the stage in Manhattan or London or Sydney, he’ll croon those five little words that have sustained his pop-music career, made him wealthy and sparked countless sing-alongs: “A long, long time ago …” ...
Read More »Slowing economy proves F. Scott Fitzgerald wrong
F. Scott Fitzgerald had it wrong: In a slowing economy, the rich aren’t that different from everyone else. Affluent consumers, pinched by shrinking stock portfolios, falling property values and smaller bonuses, are behaving like their less-well-off peers: They’re reining in ...
Read More »SEC penalties fall amid ‘new ethos’ on company fines
U.S. Securities and Exchange Commission sanctions fell to the lowest level since 2002 after Republican commissioners complained that heavy penalties hurt investors and the agency brought fewer billion-dollar accounting fraud cases. The SEC, led by Chairman Christopher Cox, extracted about ...
Read More »Arbitration, collective bargaining could change
DETROIT — Proposed legislation in the U.S. Congress and two cases before the U.S. Supreme Court could result in significant changes in four sectors of employment law practice — collective bargaining, suing for unlawful pay discrimination, “me too” evidence and ...
Read More »Sharply focused practices may create a stronger firm
MINNEAPOLIS — When Minneapolis lawyer Andrea Rubenstein began her legal career in the 1970s, she spent several years as a general litigator. While Rubenstein wasn’t aggressively looking for an area in which to concentrate her practice, such an area found ...
Read More »Citigroup pushes bank borrowing costs above companies
For the first time in at least a decade, the world’s biggest financial institutions are paying more to borrow in the corporate bond market than industrial companies. Bonds of banks, brokerages and insurance companies yield 1.49 percentage points more than ...
Read More »Buying what Buffett buys doubles S&P 500
Buying whatever billionaire Warren Buffett bought, often months after his share purchases, delivered twice the return of the Standard & Poor’s 500 Index during the past three decades. Investors would have earned an annual return of 24.6 percent by buying ...
Read More »Fed’s Kroszner says ‘rough patch’ won’t warrant cuts
Federal Reserve Gov. Randall Kroszner said policymakers probably won’t need to reduce interest rates to help the economy weather a “rough patch” in the coming year. “The current stance of monetary policy should help the economy get through the rough ...
Read More »Viruses used in HIV shots may harm body’s response
Viruses used in experimental HIV vaccines that are thought to be harmless may be weakening immune defenses against the AIDS virus instead of boosting them, scientists say. Mice given a vaccine containing adeno-associated virus had slow-growing immune cells that produced ...
Read More »Sanofi obesity pill linked to severe mental side effects, journal says
Sanofi-Aventis SA’s Acomplia obesity pill puts patients at risk of severe psychiatric side effects, according to a report in the U.K. medical journal The Lancet. Scientists found those taking Acomplia were more than twice as likely as those taking a ...
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