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Author Archives: Bloomberg News

Hartford says money to be made in commercial property

Hartford Financial Services Group Inc., the insurer that sold commercial mortgage assets after more than $1 billion of writedowns since the end of 2007, may increase its real-estate holdings amid signs of a rebound. “We may even opportunistically get into ...

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Former top aide takes stand at Blagojevich trial

A key aide who was by the side of former Illinois Gov. Rod Blagojevich through most of his political career took the stand in his corruption trial Wednesday to testify against his old law school roommate. Alonzo Monk is considered ...

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Lawyer gets 50 years for $1.2B fraud

Former South Florida lawyer Scott Rothstein was sentenced to 50 years in prison for using his law firm to run a $1.2 billion Ponzi scheme that financed a lavish lifestyle, bankrolled his firm and bought political influence. The sentence imposed ...

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J&J urges judge to dismiss U.S. kickback lawsuit

Johnson & Johnson asked a judge to dismiss a U.S. lawsuit claiming the company paid kickbacks to Omnicare Inc. to push prescriptions, arguing that the government seeks to brand allowable rebates as illegal. The U.S. sued J&J and two units ...

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Pemex lawsuit targets U.S. firms in smuggling ring

Petroleos Mexicanos, the state-owned oil company, has accused BASF Corp., Murphy Energy Corp. and three other U.S. companies of knowingly buying stolen natural gas condensate from Mexican bandits, according to a lawsuit filed in Houston federal court. Pemex Exploracion y ...

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Kagan opposed U.S. assisted suicide ban, papers show

U.S. Supreme Court nominee Elena Kagan, while an aide to former President Bill Clinton, said she opposed legislation to make doctor-assisted suicide a federal crime, according to newly disclosed documents. “This is a fairly terrible idea, but I know Begala ...

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Google to hand over Wi-Fi data

Google Inc., owner of the world's most popular search engine, will begin turning over to European regulators data it mistakenly collected from unsecured Wi-Fi networks.

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J&J misled Pennsylvania on drug’s risks, lawyer says

A Johnson & Johnson unit misled Pennsylvania officials about the health risks of its Risperdal anti-psychotic drug and duped the state into paying $289 million more than it should have for the medicine, a lawyer said. Pennsylvania officials wouldn’t have ...

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U.S. asks court to reject Transocean liability cap

The U.S. government asked a federal judge to reject Transocean Ltd.’s bid to use a 159-year-old law to cap its liability at $27 million for environmental claims tied to the Deepwater Horizon oil spill. The filing came the same day ...

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Gates tells military personnel that gay ban remains

Defense Secretary Robert Gates told U.S. military personnel that congressional votes to repeal the “don’t ask, don’t tell” ban on gays serving openly in the military won’t take effect immediately. “We do not expect that the legislation to do this ...

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Google woes spread as Oregon court demands Wi-Fi data

Google Inc. has been ordered to turn over to an Oregon district court data it collected with people’s e-mails, files and digital phone records by this week, according to court documents. Google sends out cars to photograph streets and houses ...

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