U.S. safety regulators on Friday hit oil giant BP with a record $87.4- million fine for failing to fix safety violations at its Texas City, Texas, refinery after a deadly 2005 explosion. In announcing the fines, U.S. Labor Secretary Hilda …
Those tax-free spending accounts that employees use to help pay for dental work, insurance copayments or over-the-counter drugs face a hit under the health overhaul bills in Congress, unless a coalition that includes a powerful union, insurers and others can …
Democrats in the House unveiled a sweeping healthcare overhaul Thursday that would transform the insurance market, create a government-run insurance plan and levy new taxes on the rich. Weeks of closed-door negotiations to merge three House healthcare plans produced a …
Federal investigators have been unable to prove a definite link between imported Chinese drywall and home damage and health issues. But they aren’t done investigating. The Consumer Product Safety Commission said that the problems with the Chinese manufactured home product …
Congress has again temporarily extended the federal flood insurance program, this time until Dec. 18, 2009. The latest extension was approved by the House and Senate as part of an appropriations bill for the Department of the Interior. Without the …
Democrats in the House finished work Wednesday on a healthcare bill that includes a government-run insurance plan, requires individuals to buy health coverage and imposes a surtax on the wealthy to help pay for it. The measure, the product of …
The Obama administration has agreed to reconsider a rule that allows long-haul truckers to drive for up to 11 hours straight, bowing to safety advocates who say longer hours could lead to greater fatigue and more accidents. The Federal Motor …
The Obama administration made gains Tuesday in its push for U.S. financial reform, unveiling a landmark bill to tackle systemic risk in the economy and winning congressional committee approval for a measure to expose hedge funds to more government scrutiny. …
A Minnesota state court judge has dismissed a batch of lawsuits against Medtronic Inc. stemming from the October 2007 recall of the medical device maker’s Sprint Fidelis defibrillator leads. Minnesota District Court Judge Denise Reilly last week granted a motion …
Credit rating agencies would be more tightly regulated and more exposed to lawsuits under legislation approved Wednesday by the U.S. House Financial Services Committee. In another procedural step forward for the Obama administration’s and congressional Democrats’ push for financial reform, …
