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Home Depot's 3Q net rises on storm boost
Spending on home projects and storm-related repairs helped boost Home Depot Inc.'s third-quarter net income 12 percent, the home-improvement retailer said Tuesday. Home-goods sellers are facing cautious consumer spending and a weak housing market.Former Executives' Convictions Upset Over AG's Failure to Turn Over Documents to Defense
A New York state judge has tossed the felony convictions of two former Marsh & McLennan executives after finding that the state attorney general's office had failed to turn over to the defense potentially exculpatory evidence, including some 700,000 documents obtained during a related civil proceeding. The judge wrote that prosecutors' failure to exercise due diligence in searching out the material had "undermin[ed]" his "confidence in the verdict" that he had reached after a 10-month bench trial.Far from hurricane-hit areas, homeowners on coastal regions face rising insurance rates
THE HURRICANES THAT RAVAGED the Gulf Coast last summer are beginning to wreak havoc with homeowners' insurance coverage in states far removed from where the storms hit. Still reeling from an estimated $56 billion of hurricane-related losses, major insurers are dropping policies or not writing new ones in coastal areas from Texas to Florida and up the Eastern Seaboard as far north as Massachusetts.'Cosmeceuticals?: The Fine (Regulatory) Line Between Cosmetics and Drugs
When it comes to determining whether a product is a drug, a cosmetic, or both under the Federal Food, Drug and Cosmetic Act of 1938, the focus has been mostly on the marketing and promotional claims related to the product, at least based on available FDA guidance, case law, and recent enforcement actions. As the market for cosmeceuticals continues to grow, however, and if more products are formulated with ingredients found in FDA-approved prescription drugs, that focus could change.Document Dump: Former Marsh Execs' Convictions Upset Over Failure to Defense Evidence
A New York state judge has tossed the felony convictions of two former Marsh & McLennan executives after finding that the state AG's office failed to turn over to the defense potentially exculpatory evidence, including some 700,000 documents obtained during a related civil proceeding.View more book results for the query "Related Cos"
Estee Lauder 4th quarter net income rises
The Estee Lauder Cos. said net income rose 72 percent in the fourth quarter as results improved across all regions, particularly the U.S.TJX, banks settle litigation over massive data breach
BOSTON AP - TJX Cos. and nearly all the banks and bank associations that sued the discount retailer over a massive credit card data breach said Tuesday they have settled the lawsuit for an undisclosed amount.Although both sides said the settlement total would remain confidential, TJX said the costs were covered by a $107 million reserve that it set aside against its second-quarter earnings.Filings steady against life science cos.
New securities fraud class actions filed against life sciences companies last year nearly matched 2007's heavy filing rate, but 2008 cases were more likely to target smaller companies and focus on the company's financial, instead of product, disclosures. The April 2009 Dechert Survey of Securities Fraud Class Actions Brought Against Life Sciences Companies counted 23 new cases in 2008 against biotechnology and pharmaceutical companies, company executives and research employees.Are fund managers villains or scapegoats
The Former Bear Stearns Cos. hedge fund managers Ralph Cioffi and Matthew Tannin are either responsible for triggering a $1.4 billion hedge fund implosion or are scapegoats for a government eager to affix blame for it. Jurors selected for a trial beginning today in Brooklyn, N.Y., federal court must decide whether the two men misled investors about the health of two hedge funds that collapsed in 2007.Asset managers rescue deals from certain death
Owners who acquired or refinanced properties in the past five years are turning to asset managers to salvage their debt or find ways to boost its market value.Trending Stories
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