Lindsay's Feed
Jun 29, 2015

Obama signs trade bills into law, says tough battle still ahead

WASHINGTON (Reuters) – U.S. President Barack Obama on Monday signed into law legislation that gives him “fast-track” power to push ahead on a Pacific Rim trade deal that has been the subject of intense debate in Congress and across the nation.

Flanked by some of the lawmakers who supported the bill through a six-week congressional battle, Obama acknowledged that his fight to secure the 12-nation Trans-Pacific Partnership was far from over.

Jun 29, 2015

U.S. charges fifth man in alleged N.Y.-N.J. Islamic State plot

By Lindsay Dunsmuir and Joseph Ax

(Reuters) – A New Jersey man was arrested on Monday on
charges of conspiring to provide support to the militant group
Islamic State, the fifth man to be arrested in recent weeks as
part of a broader probe in the New York City region.

Alaa Saadeh, 23, of West New York, New Jersey, was expected
to appear in Newark federal court later on Monday, the U.S.
Justice Department said.

Jun 22, 2015

North Carolina man charged in plot to kill Americans for Islamic State

By Lindsay Dunsmuir

(Reuters) – A North Carolina man has been charged with an
alleged plot to buy a semiautomatic rifle which he planned to
use to kill Americans to show his support for the Islamic State
militant group, the U.S. Department of Justice said on Monday.

Justin Nojan Sullivan, 19, of Morganton, North Carolina, who
was arrested Friday, is due to appear in federal court in
Charlotte at noon (1600 GMT), said a spokeswoman for the U.S.
Attorney’s Office for the Western District of North Carolina.

Jun 16, 2015

Florida defense company to pay $7.1 mln to settle U.S. bribery probe

WASHINGTON (Reuters) – Florida-based defense company IAP
Worldwide Services Inc will pay $7.1 million to settle a U.S.
investigation into an alleged conspiracy to bribe Kuwaiti
officials to win a government contract, the U.S. Justice
Department said on Tuesday.

A former vice president of IAP, James Michael Rama, 69, of
Lynchburg, Virginia, also pleaded guilty earlier on Tuesday in a
Virginia federal court to participating in the illegal scheme,
prosecutors said in a statement.

Jun 15, 2015

Judge rules for ex-AIG CEO Greenberg over 2008 bailout, but no damages

WASHINGTON/NEW YORK (Reuters) – A U.S. judge on Monday awarded no damages to American International Group Inc (AIG.N: Quote, Profile, Research) shareholders led by former CEO Maurice “Hank” Greenberg in their lawsuit against the U.S. government, despite finding that the U.S. Federal Reserve exceeded its authority in the insurer’s 2008 bailout.

While Judge Thomas Wheeler of the Federal Court of Claims in Washington, D.C. sided with Greenberg on a key legal claim, the decision amounts to a pyrrhic victory that could help shield regulators from legal challenges to their responses in future financial crises.

Jun 15, 2015

Judge says no damages for ex-AIG CEO Greenberg over 2008 bailout

WASHINGTON/NEW YORK, June 15 (Reuters) – A U.S. judge on
Monday ruled the U.S. government does not owe Maurice “Hank”
Greenberg and other American International Group shareholders
any damages over the company’s 2008 bailout, a decision that
allows U.S. regulators to retain some flexibility in how to
structure such deals in future financial crises.

Former AIG Chief Executive Greenberg, through his company
Starr International Co, sued the U.S. government in 2011. He
argued federal officials overreached in the initial $85 million
loan package to the stricken company, which included an interest
rate of 14 percent and a nearly 80 percent stake.

Jun 15, 2015

Judge says no damages for ex-AIG CEO Greenberg over 2008 bailout

WASHINGTON, June 15 (Reuters) – A U.S. judge on Monday ruled
the U.S. government does not owe Maurice “Hank” Greenberg and
other American International Group shareholders any damages over
the company’s 2008 bailout.

Former AIG Chief Executive Greenberg, through his company
Starr International Co, sued the U.S. government in 2011. He
argued federal officials overreached in the initial $85 million
loan package to the stricken company, which included an interest
rate of 14 percent and a nearly 80 percent stake.

Jun 15, 2015

U.S. judge tosses damages bid by ex-AIG CEO Greenberg over 2008 bailout

WASHINGTON, June 15 (Reuters) – A U.S. judge on Monday ruled
the U.S. government does not owe Maurice “Hank” Greenberg and
other American International Group shareholders any damages over
the company’s 2008 bailout.

Former AIG Chief Executive Greenberg, through his company
Starr International Co, sued the U.S. government in 2011. He
argued federal officials overreached in the initial $85 million
loan package to the stricken company, which included an interest
rate of 14 percent and a nearly 80 percent stake.

Jun 3, 2015

Two more Swiss banks settle with U.S. over tax offenses

WASHINGTON (Reuters) – Two more Swiss banks, Rothschild Bank AG and Banca Credinvest SA, settled with U.S. authorities as part of a voluntary program to avoid prosecution over allegations they helped Americans evade taxes, the U.S. Justice Department said on Wednesday.

Rothschild Bank will pay $11.5 million and Banca Credinvest will pay $3 million to resolve the probes, prosecutors said.

May 28, 2015

U.S. judge grills lawyer defending Obama’s healthcare law changes

WASHINGTON (Reuters) – A U.S. judge on Thursday blasted the Obama administration’s motion to dismiss a lawsuit brought by Republicans in the U.S. House of Representatives over the implementation of the Democratic president’s signature healthcare law.

Republicans in the House filed a lawsuit in November, saying administration officials unlawfully bypassed Congress.