Million | featured news

Family of teen killed by car awarded $90 million by jury

More than four years after a Prince George's County teen died after getting hit on her walk to school, her family was awarded tens of millions of dollars in a wrongful death suit, but the legal battle could be far from over.

 

US housing starts surpass 1 million in March

U.S. builders broke ground in March on homes as a seasonally adjusted rate of 1.04 million — the fastest pace in nearly five years — on a surge in apartment construction. The gain signals further strength in the housing market ahead of the spring-buying season.

 

Judge denies $20M severance deal for AMR CEO

American Airlines CEO Tom Horton - AP

A federal bankruptcy judge has at least temporarily blocked a proposed $20 million severance payment for the CEO of American Airlines as part of the company's merger with US Airways. The judge ruled Thursday that the proposed payment to CEO Tom Horton exceeded limits that Congress set for bankruptcy cases in 2005.

 

Automakers Recall 3.3 Million Vehicles Over Air Bags

Honda, Toyota, Nissan and Mazda are recalling about 3.3 million vehicles worldwide because the passenger-side air bag could deploy with too much force, sending shards of metal into the passenger area.

 

Ex-Rutgers AD Pernetti getting $1.2M, iPad

Tim Pernetti - AP

Former Rutgers athletic director Tim Pernetti is getting $1.2 million in salary, plus an iPad, car allowance and more than two years of health insurance coverage under a settlement agreement.

 

Ex-Goldman trader Taylor turns himself in to authorities: sources

Ex-Goldman Sachs Group Inc trader Matthew Marshall Taylor has turned himself in to federal authorities in connection with charges that he defrauded the Wall Street bank out of $118 million in 2007, two sources familiar with the matter said.

 

Hyundai, Kia recalling 1.9 million vehicles

Korean automakers Hyundai and Kia are initiating one of their largest recalls ever – or more precisely, three separate service actions announced today that involve 1.9 million vehicles sold in the U.S. market since late 2006.

 

Obama to Unveil Initiative to Map the Human Brain

Human Brain - WC

President Obama on Tuesday will announce a broad new research initiative, starting with $100 million in 2014, to invent and refine new technologies to understand the human brain, senior administration officials said Monday.

 

Nasdaq to buy eSpeed platform for $750 million

Nasdaq OMX Group Inc agreed to buy electronic Treasuries-trading platform eSpeed from BGC Partners Inc for $750 million in cash, providing the exchange operator an entry into one of the world's largest and most liquid cash markets.

 

Sources: Verlander gets record $180M deal

Justin Verlander - WC

Justin Verlander and the Detroit Tigers have reached agreement on a new contract that could exceed $202 million, according to sources. Verlander's deal, which would make him the highest-paid pitcher in the game, is for seven years and worth $180 million, sources said. A vesting option for an eighth year could push the deal to $202 million.

 

Subscribe to this RSS topic: Syndicate content