Monthly Archives: <span>February 2009</span>

U.S. High Court Rules for AT&T Unit in Antitrust Case

The U.S. Supreme Court unanimously ruled Wednesday for an AT&T Inc. subsidiary in an antitrust lawsuit accusing it of anti-competitive practices over high-speed Internet access. The justices unanimously rejected a claim that AT&T’s Pacific Bell Telephone subsidiary had engaged in …

Layoffs Leave Law Firms Vulnerable to Lawsuits, Exec Says

As lawfirms face tough economic conditions today, some firms have been forced to make cutbacks, including employee layoffs. Such downsizing leaves businesses, even lawfirms, vulnerable to employment lawsuits, says one industry executive. “Even law firms are not immune to employment …

AIR Worldwide Sponsors the Global Earthquake Model Project

Catastrophe risk modeling firm AIR Worldwide Corp. (AIR) is sponsoring the Global Earthquake Model (GEM) project, a five-year project led by the Organization for Economic Co-operation and Development (OECD) to produce the world’s first global, open source model for seismic …

Texas AG Charges Fitness Center with ID Theft Violations

Texas Attorney General Greg Abbott has charged an Edinburg fitness center with failing to adequately store and safeguard documents that contained customers’ sensitive personal information. Under the Identity Theft Enforcement and Protection Act, businesses are legally required to implement procedures …

O’Sullivan Says Zurich Financial Sees Tougher 2009

Zurich Financial Services AG will find this year tougher than 2008, when profit fell 47 percent, a senior executive of the Swiss insurer said on Wednesday. Patrick O’Sullivan, vice chairman of the management board and chief growth officer, said Zurich …

Arkansas Motorcycle Helmet Bill Stalls

A proposal requiring motorcyclists to make a choice between wearing a helmet or carrying thousands of dollars in health insurance has been thwarted by a state Senate panel. The bill, which would have required motorcyclists to carry $10,000 in health …

Report Urges Phased Reform of EU Financial Oversight

The European Union should set up two bodies to coordinate oversight of financial institutions across Europe, according to a report on Wednesday which disappointed those seeking simpler structures with more teeth. Part of efforts to restore investors’ confidence burnt by …

Arsonist Suspected in Central Virginia Brush Fires

Fire officials in Campbell County, Virginia suspect an arsonist started at least seven weekend brush fires in and north of Altavista. Fire Marshal Rodney Lawson says the blazes were all called in or discovered within a half-hour of each other. …

Caesars Atlantic City Settles Discrimination Lawsuit

Caesars Atlantic City avoids the wrath of the gods. The casino hotel has settled a discrimination lawsuit over its hiring practices at the Toga Bar. The lawsuit was filed by mostly male bartenders who claimed they were passed over in …

New Hampshire House Explosion Kills 1

Fire officials say one person died when a home in Manchester, New Hampshire, exploded. The single family home at 160 Barrett St. exploded at about 2:45 a.m. Tuesday, sparking a raging fire and reducing the home to rubble. Neighbors say …