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Author Archives: Bloomberg News

SEC push may yield new data on cyber attacks

China-based hackers rifled the computers of DuPont Co. at least twice in 2009 and 2010, hunting the technological secrets that made the company one of the world’s most successful chemical makers.

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Judge postpones Yasmin trial

Bayer AG, Germany’s largest drugmaker, won’t face the first trial next week over claims its birth-control pills caused blood clots after a judge appointed a mediator in hopes of settling the cases.

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States have 20 months to set up trucker-tracking

U.S. states will have 20 months to set up computer systems tracking truck and bus drivers’ medical fitness before the federal government starts withholding highway funds.

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Chevron bid to dismiss $18B judgment rejected in Ecuador

Chevron Corp.’s effort to overturn an $18 billion judgment against it was rejected by an Ecuador appeals court in a lawsuit alleging the company is responsible for chemicals spilled in the Amazon River basin more than 20 years ago.

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Perry seeks to block printing of Virginia ballots

Texas Governor Rick Perry asked a court to block Virginia election officials from printing or distributing primary ballots after his presidential campaign was told his name wouldn’t appear.

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Citigroup suit halted while settlement rejection appealed

The U.S. Securities and Exchange Commission’s suit against Citigroup Inc. will remain on hold while a federal appeals court considers whether to review a judge’s rejection of a $285 million settlement in the case.

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Allen Stanford found mentally fit for trial

R. Allen Stanford is mentally fit to stand trial and will face a jury next month on charges he swindled investors of more than $7 billion, a U.S. judge ruled. The trial is to begin with jury selection on Jan. 23.

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Bank of American to pay record $335M to borrowers

Bank of America Corp. will pay a record $335 million to compensate Countrywide Financial Corp. borrowers who were charged more for home loans based on race and national origin.

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Sprint sues Time Warner over digital phone technology

Sprint Nextel Corp., the third-largest U.S. wireless operator, accused Time Warner Cable Inc., Comcast Corp. and two other cable-TV companies of infringing patents related to transmitting phone calls over digital lines.

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