GlaxoSmithKline settles adulterated drug case
Prescription drug maker GlaxoSmithKline PLC has agreed to pay $750 million to settle federal civil and criminal charges in the nation's fourth-largest health care fraud settlement. The False Claims Act settlement was announced at a Boston press conference on Tuesday by Assistant U.S. Attorney General Tony West and U.Fed's actions help defuse subprime ARM reset bomb
Many analysts and public officials have said that foreclosures of subprime adjustable-rate mortgages would soar this year as owners' monthly payments jumped when interest rates reset to a higher level. Not only is that unlikely to happen, this year's resets of earlier vintages of subprime mortgages may even reduce some payments that increased in 2007.Wealth Management: Making a windfall last for a lifetime
WHEN IT COMES TO A SUDDEN CHANGE of net worth-the result of anything from personal injury to class-action awards, inheritances and lottery winnings-Atlanta lawyers, settlement negotiators and financial advisers agree they share a responsibility to steer potentially vulnerable clients in the right direction. Sometimes, however, the road is not well-marked.Hawaii to pay $15.4M in lawyer's death
Elizabeth Warke Brem, a former partner in Gibson, Dunn Crutcher's Orange County office in Irvine, Calif., died more than five years ago in a hiking accident on the Hawaiian island of Kauai. Brem's cousin Paula Ramirez was killed in the same tragic mishap during their vacation to the island paradise in December 2006.Bar exam questions on blog prompt subpoena
THE NATIONAL Conference of Bar Examiners is hunting for the anonymous person who published 41 questions from the 2006 Multistate Bar Examination on an Internet blog within hours of taking the exam last year. The conference-which develops and distributes the national portion of the biannual bar exam, called the MBE-asserts in federal court documents that whoever posted the questions on tabandbrandy.Ford: Shunning bailout serves 'national interest'
Ford Motor Co. Executive Chairman Bill Ford, great-grandson of the company's founder, said it is in the national interest that the automaker keep operating without federal aid. "It's in the country's interest that Ford remain free of taxpayer money," Ford said Tuesday in an interview in his Dearborn, Mich.Schlitz urges former customers to 'go for the gusto,' again
It's the beer that made Milwaukee famous. Now Schlitz is making the city nostalgic.That beer with the old-time mystique is back on shelves in bottles of its original formula in the city where it was first brewed more than a century and a half ago.Schlitz was the top-selling beer for much of the first half of the 20th century.Revamped GM board lights fire at company
General Motors Corp. directors once drew criticism for accepting the losses that sent the automaker into bankruptcy. The revamped General Motors Co. board charts a more activist course. Three members from the private-equity world, Daniel Akerson, David Bonderman and Stephen Girsky, are helping Chairman Ed Whitacre impose a sense of urgency on the company's culture.Trending Stories
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