Aetna to Buy Humana in Industry-Altering Deal

7/3/2015 Following last week’s landmark Supreme Court ruling on the Affordable Care Act (ACA), or Obamacare, two leading health insurers will be combining to form the second largest company in the industry. Aetna, the third-largest insurer will acquire Humana, the country’s fourth largest health plan provider. Aetna will pay a cash and stock equivalent to

BP Agrees to $18.7 Billion Federal Penalty

7/3/2015 In a joint press conference, the attorneys general for Alabama, Florida, Louisiana, and Mississippi announced that it has agreed to settle the penalty phase regarding the Deepwater Horizon oil spill. The spill occurred on April 20th, 2010, when the aforementioned oil rig caught fire, killing 11 people and sent over 3 million barrels of

Will Obama’s new Overtime Rules Help Middle-Class or Kill Jobs?

7/1/2015 President Barack Obama will be speaking in La Crosse Wisconsin on Thursday to highlight a change in federal overtime law that he announced in a Monday night Op-Ed in the Huffington Post. Writing that, “In this country, a hard day’s work deserves a fair day’s pay,” the president announced that the rule change will

Crappy Food Causes Queasy Texans

6/29/2015 Texas has been hit with a case of cyclospriasis, a nasty gastrointestinal illness transmitted by infected feces in water and food. A total of 54 Texans have had the parasite this year and 42 of those got sick in the last two weeks as crappy food causes queasy Texans. No source for this unpleasant

Judge Explains Blockage of U.S. Foods-Sysco Merger

6/28/2015 On Tuesday, U.S. District Judge Amit Mehta in Washington D.C. blocked a proposed merger between the U.S.’s two largest food-distribution companies, U.S. Foods and Sysco. Citing antitrust concerns, The Federal Trade Commission (FTC), along with ten state attorney generals’ offices sued the companies in February. The companies announced interest in a merger in December,

Sirius XM Agrees to $210 Million Settlement over Classic Tunes; More Suits Pending

6/28/2015 Satellite Radio industry leader Sirius XM agreed on Friday to pay five record labels $210 million for the company’s use of pre-1972 recordings, potentially resolving a two-year legal battle in Los Angeles Superior Court. Due to federal copyrighting laws were not established for recordings until February 15th, 1972, separate from longstanding protections for songwriters,

Takata CEO Apologizes Publicly, Mulls Victim’s compensation Fund

6/26/2015 In a dramatic press briefing in Tokyo following the company’s annual shareholders’ meeting, the president of embattled Japanese airbag manufacturer, Takata, Shigehisa Takada, made his first public apology for the faulty airbags responsible for at least 8 deaths and over 100 injuries. First bowing to the media, Takada said, “I apologize for not having

Rapid Settlements follow DOJ’s Non-Compete Suit against Michigan Hospitals: Allegiance to Fight Case

6/26/2015 The U.S. Justice Department along with Michigan’s Attorney General’s office filed a lawsuit on Thursday, alleging that four Southern Michigan hospital systems violated antitrust laws by agreeing not to compete with each other. The civil suit was filed in U.S. District Court in Detroit, claiming that the hospitals conducted a “hands-off” marketing arrangement, with each