Feds sue BP and others over Gulf oil spill damages
The Justice Department filed a civil lawsuit in New Orleans naming BP, Transocean and others for federal safety violations linked to the Deepwater Horizon disaster. The suit seeks removal costs and damages under the Oil Pollution Act and civil penalties under the Clean Water Act, possible billions, with no fixed figure yet.
MENTIONED IN THIS ARTICLE
New Orleans
Justice Department
Eric Holder
Washington
Transocean
Halliburton
Gulf
Gulf of Mexico
Individu
Als
David Uhlmann
University of Michigan
United States
Drop-side cribs outlawed in sweeping safety rule
The U S government banned manufacture sale and resale of drop-side cribs after at least 32 infant deaths since 2000 and nine million recalls. The CPSC voted unanimously to require fixed sides and prohibit use in hotels and childcare centers with a two year transition for those facilities.
MENTIONED IN THIS ARTICLE
Washington
Consumer Product Safety Commission
CPSC
Inez Tenenbaum
Tenenbaum
Evenflo
Delta Enterprise Corp
Pottery Barn Kids
Michele Witte
Merrick
N.Y
Tyler
Witte
Capitol Hill
Kirsten Gillibrand
New York
Jan Schakowsky
Christmas shopping outlook brightens as stores push late deals
Retailers report a stronger holiday outlook with inventories steadier and spending near pre recession levels. Analysts note a surge in late shopping with all night openings and last minute gifts while hot toys remain tight, and forecasts from NRF and ShopperTrak lift holiday growth to about 3.3 percent reaching roughly 452 billion dollars.
MENTIONED IN THIS ARTICLE
New York
National Retail Federation
Shopper- Trak
Toys R Us
Kathleen Waugh
IRS steps up audits targeting wealthy taxpayers and firms
The Internal Revenue Service raised its audited returns by about 11 percent this year. Officials said affluent taxpayers and large businesses are the primary focus. Southwest Airlines plans bigger jets and may enter international routes, with CEO Gary Kelly announcing a revised order for 20 Boeing 737-800 planes starting in March 2012.
MENTIONED IN THIS ARTICLE
Internal Revenue Service
Southwest Airlines Co
Gary Kelly
Southwest
Boeing Co
Markets Close Mixed As Dow Dip Overshadows Gains
The Dow fell 19.07 points to 11,457.47 while the Nasdaq edged down 10.50 to 2,617.22 and the S&P 500 gained 6.36 to 1,235.23. Treasuries held steady with the 30 year at 4.60 percent. Chicago corn slipped three cents to 5.84, soybeans rose 0.5 cent to 12.97, wheat fell 3.75 cents to 8.11, and oil rose 34 cents to 88.62.
MENTIONED IN THIS ARTICLE
S&p
Treasury
Chicago
Kansas City
New York
Bellagio Chip Robbery Loot May Prove Worthless
A helmeted motorcyclist grabbed chips from Bellagio in a 3:50 am armed stickup, leaving denominations from 100 to 25000 as potential junk. Experts note casino chips often hold value only if cashable, comparing to a Hollywood heist script and recalling a 1993 Circus Circus armored car theft netting nearly 3 million dollars.
MENTIONED IN THIS ARTICLE
Las Vegas
Bellagio
David Schwartz
Center For Gaming Research
The
University of Nevada
Schwartz
Circus Circus
Heather Tallchief
Roberto Solis
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