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U.S. Court Unfreezes $18 billion Ecuador Award against Chevron

A U.S. appeals court reversed an order freezing enforcement outside of Ecuador of an $18 billion damages award against Chevron Corp over pollution in the Amazonian rain forest. The order, issued by the 2nd U.S. Circuit Court of Appeals in …

More Than 800,000 Vehicles Recalled in U.S. Last Week

Automakers, including Hyundai Motor Co. and Subaru recalled more than 800,000 cars and trucks last week for defects including faulty airbags, according to federal regulators. Separately, the National Highway Traffic Safety Administration opened a preliminary defect investigation into 205,661 Ford …

Tennessee Fire Departments Lacking in Volunteers

While calls to volunteer fire departments are on the rise, the ranks of these volunteers are dwindling in Middle Tennessee and officials hope a younger generation will step up to the service. Volunteer fire departments account for about 80 percent …

Massachusetts Trucker Convicted of Insurance Fraud

A Massachusetts truck driver has been convicted of insurance fraud in New Hampshire for lying about damage to his truck, according to officials. New Hampshire Insurance Commissioner Roger Sevigny and Attorney General Michael Delaney announced the conviction of Jason Reed …

Obama Deficit Plan Targets Farm Subsidies, Crop Insurance

President Barack Obama on Monday proposed to end a “direct payment” subsidy that gives $5 billion a year to farmers regardless of need, as part of his larger effort to reduce the federal budget deficit. Direct payments, created in 1996 …

‘Hank’ Greenberg to Host Fundraiser for Republican Candidate Perry

C. V. Starr & Co. Inc. Chairman and CEO Maurice “Hank” Greenberg is scheduled to host a fundraising event in New York on Tuesday, Sept. 20, for Texas Gov. Rick Perry. Perry is one of the leading Republican Party candidates …

President Obama Endorses House Flood Insurance Bill in Deficit Plan

President Barack Obama endorsed key elements of a U.S. flood insurance reform bill passed by the House in the tax and deficit plan he unveiled Monday, even as the reform has stalled in the Senate without a clear path forward. …

Court Dismisses U.S. Suit Against BP Executives, Directs Investors to File in UK

Current and former BP executives and directors won dismissal last week of one of several U.S.-shareholder lawsuits filed over last year’s Gulf of Mexico oil spill. A federal court in Houston on Sept. 15 said it was more appropriate that …

Court Approves $43 Million Montana Asbestos Settlement

A Montana judge has approved a $43 million settlement for people sickened by exposure to asbestos from a mine, with a large part of that amount to be paid by Warren Buffett’s Berkshire Hathaway, court documents show. The settlement resolves …

Settlement for $44 Million Reached in 2007 Bay Bridge Crash and Oil Spill

A civil settlement in the 2007 oil spill in San Francisco Bay with the owners and operators of the M/V Cosco Busan was announced on Monday. The settlement resolves all natural resource damages, penalties and response costs that resulted from …

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