Law & Regulation
Altria Group Inc. said Wednesday it would spin off its international tobacco business on March 28, freeing it to pursue cigarette sales more aggressively without ties to its U.S. counterpart - and U.S. regulatory oversight.
Ivory Coast plantation workers who claim they were sterilized by a U.S.-made pesticide can't sue the manufacturers and distributors of the chemical in the United States because they can't show the companies intended to harm them, a federal appeals court ruled Wednesday.
The European Food Safety Authority has approved new rules that will ban industry experts from serving on EFSA scientific panels related to their work. Corporate Europe Observatory says the rules are still not strong enough
Uruguay has presented a 500 page document to defend itself against an international lawsuit challenging the country's tough tobacco packaging regulations. The claim was brought by Philip Morris, the global tobacco giant, at the World Bank's International Centre for Settlement of Investment Disputes (ICSID) in Washington DC.
As Bank of America's board meets next week, shareholders have turned up the pressure on CEO Kenneth D. Lewis. Their scrutiny has also turned an unusual spotlight on the oversight role played by the bank's board members.
About the only point on which both sides agree is that no one can judge ezetimibe's safety and benefits for certain without more data, ideally from a clinical trial covering more than 10,000 patients and lasting several years, long enough to show that the drug actually helps patients live longer or avoid heart attacks.
President Obama will almost certainly touch down in Baghdad and Kabul in Air Force One sometime in the coming year to meet his counterparts in Iraq and Afghanistan, and he will just as certainly pay a visit to a U.S. military base or two. Should he stay to eat with the troops, he will no less certainly choose from a menu prepared by migrant Asian workers under contract to Houston-based KBR, the former subsidiary of Halliburton.
The plea bargain last week by former Enron Chief Accounting Officer Richard Causey gives federal prosecutors the chance to present a shorter and less technical case against former company Chairman Kenneth Lay and former President Jeffrey Skilling. The pair's trial on conspiracy, fraud and other charges is scheduled to start in Houston on Jan. 30.
The donation to the Proposition 23 campaign comes from a subsidiary of Kansas-based Koch Industries, which owns refineries and controls 4,000 miles of oil pipelines.