GM settles hundreds of ignition switch lawsuits
NEW YORK General Motors Co has agreed to settle federal lawsuits by as many as 203 plaintiffs over defective ignition switches in its vehicles, a Friday court filing shows.
U.S. pipeline and storage terminal company NuStar Energy (NS.N) said its Paulsboro, New Jersey, terminal should be back in operation Tuesday evening.
It also said initial assessment of damage from the storm Sandy showed significant high-water damage to its marine and storage terminal at Linden, New Jersey, which was without power. Timing for a return to operation is pending, the company said.
Nustar said there was no damage to the Virginia Beach, Virginia, facility, and it was back in operation. There was virtually no damage to the terminal at Dumfries, Virginia, and it should be back in operation Thursday morning, Nustar said.
There was some flooding in the Piney Point, Maryland, terminal and some tank insulation damage, and the terminal has power, but high water has limited access to the pier. The timing of a return to operation is pending.
Nustar's terminal in Andrews Air Force Base, Maryland, had no apparent damage and the timing of its return to operation is pending.
(Reporting by Shruti Chaturvedi in Bangalore; Editing by Gary Hill)
Debt-laden U.S. outerwear and outdoor gear retailer Eddie Bauer LLC has hired investment banks to explore strategic alternatives, including a potential sale of the company, people familiar with the matter said on Friday.