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News & Updates

August 21, 2014 Bank of America to Pay $17 Billion in Justice Department Settlement

Source: Wall Street Journal

Bank of America Corp. BAC +0.45% is expected to pay nearly $17 billion to settle U.S. Department of Justice accusations it packaged shoddy mortgages into securities and sold them to investors in the run-up to the financial...

August 21, 2014 Eruption risk rising for earthquake-racked volcano in Iceland

Source: LA Times

Thousands of small earthquakes have rattled Iceland's Bardarbunga volcano over the last five days, prompting meteorologists to warn of an increasing risk of eruption and causing public safety authorities to evacuate tourists from...

August 21, 2014 Libya's largest oil depot begins exports

Source: SF Gate

CAIRO— Libya's largest export terminal begun loading a tanker Wednesday destined for Italy, its first shipment after a yearlong blockade over disputes between the central government, rebels and protesters, the country's oil...

August 21, 2014 Despite Compromise, Colorado’s Fracking Fight Rages On

Source: ThinkProgress.com

GOLDEN, COLORADO — An 11th-hour compromise brokered by Colorado Gov. John Hickenlooper (D) to keep contentious oil and gas measures off the November election ballot may simply delay the day of reckoning for both sides in the...

August 21, 2014 US attorney general says banks may face criminal cases soon

CNBC - The comments, made in a video posted on the Justice Department's website on Monday, came as federal prosecutors push two banks, BNP Paribas and Credit Suisse, to plead guilty to îcriminal chargesî to resolve...

August 21, 2014 How the Current Mass Extinction of Animals Threatens Humans

Source: National Geographic

More species are becoming extinct today than at any time since dinosaurs were wiped off the face of the Earth by an asteroid 65 million years ago. Yet this bio-Armageddon, caused mainly by humans, is greeted by most of us with a...

August 21, 2014 Warren Buffett’s Company Fined by Justice Dept. Over Stock Purchase

Source: NY Times

Berkshire has agreed to pay $896,000 to settle accusations by the Justice Department that it did not follow antitrust guidelines before acquiring additional shares in the USG Corporation in December, according to a filing in the...

August 21, 2014 Russia shuts down McDonald's branches in Moscow amid Ukraine row

Source: Telegraph

Closure of four McDonald's restaurants in Russian capital for unspecified sanitary violations widely seen as an anti-American measure in wake of mutual sanctions and diplomatic tussling over Ukraine

August 21, 2014 Talk to explore fate of Antarctic ice sheet

Scoop - His work suggests that the îIntergovernmental Panel on Climate Changeî (IPCC) sea-level rise projections are underestimating the Antarctic ice sheet contribution. âWhat is concerning is that the...

August 21, 2014 Dow, S&P 500 rise after Fed minutes reassure on rates

Source: Reuters

U.S. stocks ended mostly higher on Wednesday, with the S&P 500 just missing a record close, after minutes from the Federal Reserve's July meeting gave investors reason to believe that the central bank is in no rush to raise...

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