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Author Archives: Bloomberg News

Texas’ race-aware admissions get court approval

The University of Texas’ race-conscious admissions program is constitutional, a federal appeals court ruled after it was directed by the U.S. Supreme Court to re-examine the school’s process.

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Citigroup to pay $7B to settle mortgage-bond probe

Citigroup Inc. agreed to pay $7 billion in fines and consumer relief to resolve government claims that it misled investors about the quality of mortgage-backed bonds sold before the 2008 financial crisis.

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Senator’s Obamacare Congress subsidy lawsuit fought by U.S.

U.S. Sen. Ron Johnson’s lawsuit challenging an Obamacare provision subsidizing health insurance for members of Congress and their aides should be thrown out because the lawmaker can’t show the measure has hurt him or his staff, government lawyers told a federal judge.

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Tsarnaev classmate hid evidence to shield him, jury told

A college classmate of Dzhokhar Tsarnaev conspired with other young men to protect their friend, “who they knew was being investigated for the Boston Marathon bombings,” a prosecutor told federal court jurors.

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