Veteran Democratic Senator Christopher Dodd said Wednesday he will not seek re-election in November in recognition that he faced an uphill battle and underscoring upheaval facing President Barack Obama’s Democrats. Dodd, 65, chairman of the Senate Banking Committee and leader …
Soon after she became the nation’s labor secretary, Hilda Solis warned corporate America there was “a new sheriff in town.” Less than a year into her tenure, that figurative badge of authority is unmistakable. Her aggressive moves to boost enforcement …
U.S. securities fraud lawsuits slid in 2009 as stocks rose and the credit crisis eased. Investors filed 169 prospective securities class-action lawsuits in 2009, down 24 percent from 223 in the prior year, according to a study set for release …
More Cedar Rapids homeowners are accepting buyout offers for their flood-damaged properties. Officials say 17 more homeowners have signed offers to have the city buy their properties, which were heavily damaged in the flood of 2008. That brings to 45 …
Five years after a Sumatra Indonesia tsunami killed 230,000 people, officials say that more communities are taking the threat seriously, implementing warning systems and understanding that swift action is needed if a threat arises. Since that tsunami devastated communities around …
A broad healthcare overhaul passed its first crucial test in the Senate Monday, with 60 Democrats voting to put President Barack Obama’s top legislative priority on a path to passage by Christmas. In a middle-of-the-night vote in a snowbound U.S. …
A sweeping healthcare reform bill appears headed for passage in the U.S. Senate after surviving a test vote early Monday morning. The bill has been criticized by some liberals who complain that without a new government insurance option it will …
Alleged swindler Allen Stanford will spend more than a year in custody after a U.S. judge Thursday set his criminal trial for January 2011. “This criminal case is going to get under way and it is going to go on …
Financial giants such as Goldman Sachs Group could be broken up under two bills introduced in the U.S. Congress Wednesday, one with the backing of former Republican presidential nominee John McCain. Both would reinstate the 1930s-era Glass-Steagall laws that barred …
Workers’ compensation insurers and actuaries need to prepare for upcoming changes arising from proposed healthcare reform and the shifting medical landscape, attendees of the Casualty Actuarial Society (CAS) annual meeting heard. Joseph Paduda, principal, Health Strategy Associates, LLC and writer …
