Lisa's Feed
Sep 1, 2015

Kmart pays $1.4 mln to settle U.S. charges over Medicare inducements

WASHINGTON/NEW YORK (Reuters) – Kmart Corp has paid $1.4
million to settle U.S. allegations that it violated the federal
False Claims Act by inducing Medicare beneficiaries to fill
prescriptions at its pharmacies, the Department of Justice said
on Tuesday.

The government said the accord resolves allegations that
Kmart, a unit of Sears Holdings Corp, let beneficiaries
use drug manufacturers’ coupons to reduce or eliminate
prescription co-payments.

Aug 24, 2015

U.S. presidential candidates blame China, the Fed, Obama for stocks rout

WASHINGTON, Aug 24 (Reuters) – Jostling for position in the
U.S. presidential race, candidates on Monday blamed Wall Street
elites, the Federal Reserve, exposure to China, and President
Barack Obama’s spending policies for the market contagion from
China’s stock-market plunge.

As the Dow Jones industrial average briefly slumped to its
biggest point-drop ever, Republican front-runner Donald Trump
said he had long warned about U.S. exposure to China.

Aug 24, 2015

China, the Fed and Obama: U.S. presidential candidates lay blame for stocks rout

WASHINGTON (Reuters) – As China’s stock-market plunge spread to the United States, presidential candidates on Monday laid on blame and pushed their policy ideas from the sidelines, with Republican Donald Trump saying he had warned about U.S. exposure to China.

“I’ve been talking about China for years. Because China’s going bad it’s going to bring us down, too, because we’re so heavily coupled with China,” said real-estate mogul Trump on Fox News. “I’m the one that says you better start un-coupling from China because China’s got problems.”

Aug 12, 2015

ITG to pay record fine for ‘dark pool’ violations

Aug 12 (Reuters) – Brokerage firm Investment Technology
Group agreed to pay $20.3 million to settle charges it
ran a secret trading desk that profited off of confidential
customer information within its “dark pool,” the U.S. Securities
and Exchange Commission said on Wednesday.

ITG has always billed itself as an agency broker, meaning it
only trades on behalf of its clients, including matching buy and
sell orders within POSIT, the company’s private stock trading
venue, or “dark pool.”

Jul 23, 2015

Charleston shooting suspect charged with federal hate crimes

WASHINGTON (Reuters) – The white man suspected of murdering nine black people during bible study at a South Carolina church was charged on Wednesday with federal hate crimes, adding to multiple state counts that raise the possibility of a death sentence.

“The parishioners had Bibles. Dylann Roof had his .45 calibre Glock pistol and eight magazines loaded with hollow point bullets,” U.S. Attorney General Loretta Lynch said after a federal grand jury returned the 33-count indictment against Roof.

Jun 18, 2015

SEC charges 36 firms over fraudulent muni bond offerings

By Sarah N. Lynch and Lisa Lambert

(Reuters) – The U.S. Securities and Exchange Commission
filed enforcement actions against 36 municipal bond underwriting
firms over fraudulent offerings on Thursday, marking the first
time the regulator has brought such cases.

The SEC’s enforcement sweep stems from a March 2014
initiative that invited firms to voluntarily self-report
disclosure violations made by material misstatements and
omissions in bond offering documents.

May 12, 2015

Republican Chris Christie bashes Obama, Fed on economy

WASHINGTON (Reuters) – Possible Republican presidential candidate Chris Christie on Tuesday said the policies of President Barack Obama and the Federal Reserve had widened the gulf between rich and poor.

Christie, who is governor of New Jersey, said Obama had failed to curb spending and that his regulatory policies had led to stagnant growth. As for the U.S. central bank, he said that while middle-class families struggled, the Fed had boosted stock prices which benefited people who were already wealthy.

May 10, 2015

Transformer fire causes shut-down of nuclear reactor north of New York City

NEW YORK/WASHINGTON (Reuters) – A nuclear power reactor 40 miles (65 km) north of New York City was shut down on Saturday after a transformer fire, but officials said the Indian Point plant was stable and there was no threat to residents nearby.

People in the area reported an explosion and smoke coming from the plant at Buchanan in New York state. But the U.S. Nuclear Regulatory Commission said the fire had been quickly extinguished.

May 10, 2015

Transformer fire causes shut-down of nuclear plant unit north of New York City

NEW YORK/WASHINGTON, May 9 (Reuters) – A nuclear power
reactor 40 miles to the north of New York City was shut down on
Saturday after a transformer fire, but officials said the plant
was stable and there was no threat to area residents.

People in the area reported an explosion and smoke coming
from the plant at Buchanan in New York state. But the U.S.
Nuclear Regulatory Commission said that the fire had been
quickly extinguished.

May 8, 2015

Poll: Americans favor Jon Stewart, Stephen Colbert over conservatives for punditry

WASHINGTON (Reuters) – Jon Stewart has spent 16 years skewering U.S. politicians and media as the liberal host of television’s “The Daily Show” – and many Americans think he gets it right on the issues with his satirical look at the news.

In a Reuters/Ipsos online poll, the Comedy Central comic topped a list of 10 pundits, with more than half of respondents saying they agreed with him on at least some issues. Only 12 percent did not agree with him on any issues at all.