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Author Archives: Bloomberg News

WHO says flu crisis not an exaggeration

The World Health Organization, facing criticism that it exaggerated the threat of swine flu, said it’s too soon to decide whether the pandemic is more or less deadly than seasonal flu and comparing death rates may be misleading. Mortality from ...

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Former eBay CEO to be first witness in Craigslist trial

California gubernatorial candidate Meg Whitman, eBay’s former chief executive officer, is scheduled to be the first witness to testify this week in the trial of the company’s lawsuit against Craigslist. Whitman, who resigned as CEO in 2008, will be followed ...

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U.S. may add charges against N.Y. terror suspect Zazi

U.S. prosecutors said they may add new criminal charges to the case of Najibullah Zazi, an Afghan accused of planning to detonate a bomb in New York around the anniversary of the 2001 terror attacks. Zazi, 24, a former airport ...

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Wal-Mart to settle suit in Massachusetts for $40M

Wal-Mart Stores Inc., the world’s largest retailer, agreed to pay $40 million to settle a class action lawsuit in a Massachusetts pay dispute, averting a trial. The group lawsuit, filed by hourly workers, claimed Wal-Mart’s managers required them to work ...

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RIM faces ban on BlackBerry imports

Research In Motion, the maker of the BlackBerry phone, is facing a patent-infringement complaint with a U.S. trade agency that may result in the devices being banned from the U.S. Prism Technologies, a closely held company based in Omaha, Neb., ...

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Lawyer Rothstein charged with running Ponzi scheme

Scott Rothstein, a disbarred South Florida lawyer, was charged Tuesday with using his law firm to run a $1.2 billion Ponzi scheme. Rothstein, 47, appeared in handcuffs, a black T-shirt and blue jeans in federal court in Fort Lauderdale and ...

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BetonSports fined $28.2M over gambling violations

BetonSports, the defunct Internet gambling business, was fined $28.2 million after being indicted for breaching U.S. law barring the placement of bets by wire. U.S. District Judge Carol E. Jackson imposed the punishment Tuesday in St. Louis against the London-based ...

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Murdoch says Web aggregators should pay for content

News Corp. Chairman and Chief Executive Officer Rupert Murdoch said online news aggregators must pay to distribute his company’s newspaper articles. “There are those who think they have a right to take our news content and use it for their ...

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Demjanjuk is a victim of double standard, lawyer says

John Demjanjuk’s lawyer told a German court that the 89-year-old is the victim of a double standard that allowed prosecutors to charge him in the country’s most prominent Holocaust-related trial in decades. The German SS officers who trained or supervised ...

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AIG derivatives staff might depart over pay, lawyer says

American International Group Inc. employees unwinding the insurer’s derivatives may leave in March if they don’t get their promised retention bonuses, said a lawyer representing some of the workers. Staff in the Financial Products unit may depart if the company, ...

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Health-care bill may stall in year-end legislative crunch

Raising the U.S. government’s $12.2 trillion borrowing limit tops an agenda of must-pass legislation that imperils Senate Democrats’ ability to pass a health-care bill this year. As the senators struggle to meet President Barack Obama’s year-end deadline to overhaul the ...

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