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Author Archives: Bloomberg News

Ferguson to increase ticketing to close budget gap

Ferguson, which is recovering from riots following the August shooting death of an unarmed black teenager by a white policeman, plans to close a budget gap by boosting revenue from public-safety fines and tapping reserves.

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BP appeals spill ruling that may spell $18 billion in fines

BP Plc challenged a federal judge’s ruling that the company’s exploration unit acted with gross negligence in causing the 2010 Gulf of Mexico oil spill, a decision that exposed the U.K.-based energy company to as much as $18 billion in fines under U.S. law.

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A new guide to trading on inside tips without going to prison

After a federal appeals court overturned two prominent insider-trading convictions Wednesday, new legal questions have sprung up about the chain of information that winds through the financial markets. For some participants, avoiding prosecution just got easier.

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U.S. plans civil-rights probe of police chokehold death

The U.S. Justice Department will conduct a civil-rights investigation into the death of a black Staten Island man after a state grand jury cleared the white New York City police officer who held him in a chokehold.

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Police violence cases unlikely to derail Lynch’s confirmation

President Barack Obama’s nominee to be the next attorney general probably won’t face confirmation trouble because of her role leading a federal probe into the choke-hold death of a black man by a white New York policeman.

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Takata says demand for national air-bag recall is premature

Takata Corp. defended its rejection of demands to expand air-bag recalls across the U.S., saying regulators didn’t provide enough notice and the company is already taking measures to improve safety.

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‘Unpatriotic loophole’ targeted by Obama costs U.S. $2B

U.S. companies that have already carried out inversions are likely to cost the government a record $2.2 billion or more in lost tax revenue next year, double the amount in 2014, according to calculations based on companies’ financial results.

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