Edition:
United States

Jonathan Stempel

U.S. to slash payouts from 9/11 victims fund

9:49pm EST

The special master overseeing a U.S. government fund to compensate victims of the Sept. 11, 2001, attacks on Friday said future awards will be significantly reduced, typically by at least 50 percent, because the fund is running short of money.

Philadelphia beats U.S. appeal in sanctuary city case

3:02pm EST

A federal appeals court said on Friday the Trump administration cannot cut off grants to Philadelphia for its refusal to cooperate with immigration authorities seeking to deport immigrants who are in the country illegally.

Berkshire trims Apple stake, adds Suncor and Red Hat, exits Oracle

Feb 14 2019

Warren Buffett's Berkshire Hathaway Inc said it has trimmed its stake in iPhone maker Apple Inc, though none of the selling was Buffett's, and added positions in Canada's Suncor Energy Inc and software company Red Hat Inc.

Professor lacks property interest in base salary - 3rd Circuit

Feb 14 2019

A federal appeals court on Thursday said the University of Pittsburgh did not violate the property rights of a longtime tenured finance professor by reducing his base salary because of disappointment with his teaching and research.

U.S. court allows 'No-Fly List' lawsuits, dissenters warn of danger

Feb 14 2019

NEW YORK A divided federal appeals court on Thursday said American Muslims who landed on the "No-Fly List" because of their refusal to become government informants can sue FBI agents for damages, prompting dissents that said the decision was dangerous and defied U.S. Supreme Court precedents.

Charlie Munger targets active managers, Elon Musk; praises China

Feb 14 2019

Charlie Munger, the longtime business partner of Warren Buffett at Berkshire Hathaway Inc, on Thursday criticized active fund managers, bankers and even Elon Musk as he urged investors to court simplicity and temper expectations for future returns.

Lawsuit says Monsanto's Roundup falsely suggests no harm to people, pets

Feb 13 2019

Monsanto Co was sued on Wednesday by retail consumers who claim the Bayer AG unit misled them into buying the popular weed killer Roundup by falsely suggesting on labels it would not impede a bacteria that helps keep people and pets healthy.

U.S. charges former top Apple lawyer with insider trading

Feb 13 2019

The former top corporate lawyer at Apple Inc was criminally charged by the U.S. Department of Justice on Wednesday with insider trading ahead of six of the iPhone maker's quarterly earnings announcements.

Drug lord, escape artist 'El Chapo' convicted by U.S. jury

Feb 13 2019

NEW YORK The world's most infamous cartel boss Joaquin "El Chapo" Guzman, who rose from poverty in rural Mexico to amass billions of dollars, was found guilty in a U.S. court on Tuesday of smuggling tons of drugs to the United States over a violent, colorful, decades-long career. | Video

Judge lifts stay on Kind 'all natural' litigation

Feb 12 2019

A federal judge in Manhattan has restarted multidistrict litigation accusing Kind LLC of mislabeling its snack products as "all natural" and "non-GMO," though they purportedly contain synthetic and genetically modified ingredients.

World News

U.S. raises pressure on Maduro via sanctions, aid airlift

The United States ratcheted up pressure on Venezuelan President Nicolas Maduro on Friday by sanctioning some of his top security officials and the head of the state oil company, and unveiling plans to airlift over 200 tons of aid to the Colombian border.