Evenflo must pay $10.4 million for child’s death, jury says Evenflo Co., maker of car seats and child-safety products, must pay $10.4 million to the family of a baby who was killed in a 1995 Chevy Suburban rollover accident in ...
Read More »KKR, homeowners face funding drain as CDO
The Wall Street money-machine known as collateralized debt obligations is grinding to a halt, imperiling $8.6 billion in annual underwriting fees and reducing credit for everyone from buyout king Henry Kravis to homeowners. Sales of the securities — used to ...
Read More »Roy Haynes has young players gasping to keep up
Roy Haynes could pass for the youngster in his jazz quartet, his arms a blur of motion as he takes a blistering drum solo at Dizzy’s Club Coca-Cola in Manhattan. Here’s the truth for anyone fooled by the athletic vigor ...
Read More »Wine purchased for $9,259 in Christie’s sale
A bottle of rare 1875 Romanee-Conti Burgundy sold for $9,259, (4,500 pounds), including a 12.5 percent buyer’s premium, at a Christie’s International end-of-season London wine sale, more than triple the auction house’s estimate. A similar 1899 bottle fetched 3,375 pounds ...
Read More »Doctors debate soft drink ties to heart disease
The typical high-fat American diet is often blamed for rising rates of obesity, diabetes and heart disease in the U.S. Now researchers are debating the impact of soft drinks. A study in the journal Circulation found people who drink soda ...
Read More »Paulson says eliminating tax breaks could cut rates
The U.S. could reduce its corporate tax rate 25 percent by eliminating such popular benefits for businesses as a research credit and a deduction for making products domestically, the Treasury Department said. Eliminating those exemptions could also create room in ...
Read More »Wyeth’s first non-hormone menopause pill may be safer
Wyeth may win U.S. approval for Pristiq, the first non-hormone menopause pill, based on studies suggesting the medicine is safer than the drugmaker’s current therapies. Sales slowed for Wyeth’s hormone-based menopausal treatments, Premarin and Prempro, after U.S. research in 2002 ...
Read More »French foie gras makers flourish, shrug off protests
Remi Olivier pins a trusting goose under his arm and thrusts a tube down its throat to pump a day’s worth of food into the bird in three seconds. “If it’s well prepared and knows you, it just comes right ...
Read More »U.S. lawyers, Europe move to shift class suits
French President Nicolas Sarkozy, Deutsche Telekom shareholders and U.S. lawyers are laying the groundwork to make Europe the next battleground for U.S.-style class action lawsuits. The unlikely allies are pushing for changes that encourage group litigation and send a chill ...
Read More »Scruggs won’t face contempt charge in Katrina case
Richard Scruggs, the lawyer for thousands of Hurricane Katrina victims disputing their insurance coverage, won’t be charged with criminal contempt for giving prosecutors documents purloined by two claims adjusters. U.S. Attorney Alice Martin said Wednesday she wouldn’t prosecute Scruggs, turning ...
Read More »Coudert bankruptcy judge bars retirees’ pension suit
Coudert Brothers, a 153-year-old international law firm in bankruptcy, can’t be sued by retired partners seeking $20 million in pension money, a judge ruled, saying an examiner should investigate their claims instead. U.S. Bankruptcy Judge Robert Drain in New York ...
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