| SEC Chairman Mary Schapiro to step down Nov 26th 2012, 16:47  WASHINGTON (Reuters) - The head of the U.S. Securities and Exchange Commission, Mary Schapiro, announced on Monday that she would step down from the agency on December 14. SEC Commissioner Elisse Walter will be designated to succeed Schapiro upon her departure, the White House said in a statement. "The SEC is stronger, and our financial system is safer and better able to serve the American people - thanks in large part to Mary's hard work," President Barack Obama said. Speculation had swirled for months that Schapiro would leave soon after the November presidential election. ...
|  | AIR Worldwide sees Sandy insured losses up to $22 billion Nov 26th 2012, 16:11 (Reuters) - Disaster modeling company AIR Worldwide raised its estimate of insured losses from superstorm Sandy substantially to between $16 billion and $22 billion. The firm's initial estimate, the day after the storm hit, had been for $7 billion to $15 billion in losses. AIR said on Monday that higher storm surge damage accounted for most of the change. AIR peer Eqecat has forecast insured losses of up to $20 billion, while peer RMS says losses could hit $25 billion. In all three cases, Sandy would be the second-costliest catastrophe in U.S. history, behind only Hurricane Katrina. ... | | Supreme court revives challenge to Obama health law Nov 26th 2012, 15:27  WASHINGTON (Reuters) - The U.S. Supreme Court on Monday revived a challenge to President Barack Obama's healthcare reforms, allowing a Christian college to pursue litigation raising First Amendment objections to a law that the court mostly upheld in June. Liberty University, based in Lynchburg, Virginia, had challenged both the individual mandate, which required all people to obtain insurance by 2014 or pay a penalty, and a separate mandate requiring large employers to provide coverage for workers. ...
| | Supreme court rejects appeal of ex-Louisiana congressman Nov 26th 2012, 15:26  WASHINGTON (Reuters) - The U.S. Supreme Court on Monday refused to hear the appeal of former Louisiana congressman William Jefferson, who had challenged his 2009 conviction on multiple charges of bribery and money laundering. In March, the 4th U.S. Circuit Court of Appeals in Richmond, Virginia, had upheld 10 of 11 guilty counts against the former Democratic lawmaker. A federal jury had found Jefferson guilty of soliciting bribes, money laundering and participation in a racketeering scheme. He was sentenced to 13 years in prison but remained free while pursuing an appeal. ...
| | Enbridge Midwest crude line shut after leak: local fire department Nov 26th 2012, 13:59 NEW YORK (Reuters) - Enbridge Inc's Midwest pipeline, which spilled 900 barrels of oil in Mokena, Illinois, last week, remains shut after the company discovered a hole in a 20-inch (0.51 meter) pipeline, the Mokena fire department said on Monday. The company is cleaning up the leak, according to Mokena fire chief Howard Stephens. Enbridge last week said that the spill forced the temporary shutdown of its Line 14 pipeline, which carries 318,000 barrels-per-day of oil from Superior, Wisconsin, to Mokena, but the line was restarted the same day. (Reporting by Selam Gebrekidan; Editing by Gerald ... | |
No comments:
Post a Comment