$1.1B California paint ruling may prompt new suits
SAN FRANCISCO (AP) — Paint makers could face a surge of lawsuits after a California state court judge ordered three companies to pay $1.1 billion to help government agencies get rid of lead from an estimated 5 million homes in the state.
Goldman-funded plan serves 1,500 jailed NYC teens
NEW YORK (AP) — About 1,500 incarcerated New York City teens have received behavioral therapy aimed at lowering their chances of returning to jail in the first year of a Goldman Sachs-funded program that's the first U.S. effort to lure private investors to finance public social programs.
Fed decision on pace of bond purchases is awaited
WASHINGTON (AP) — Investors are waiting to see whether one of Ben Bernanke's final acts as chairman of the Federal Reserve will be to announce a pullback in the Fed's bond purchases. The purchases have been intended to keep long-term loan rates low to spur economic growth.
Year-end agreement: Budget heads to final passage
WASHINGTON (AP) — Year-end legislation to ease Congress' chronic budget brinkmanship and soften across-the-board spending cuts moved to the cusp of final passage Tuesday, a rare display of Senate bipartisanship that masked strong complaints about slicing into military retirement benefits.
Japan's trade deficit soars on fuel import costs
TOKYO (AP) — Japan's trade deficit ballooned 35 percent last month compared to a year ago, the biggest November deficit on record, as fuel imports soared following the 2011 nuclear catastrophe, the government said Wednesday.
Sources: ADM to announce Chicago headquarters
CHICAGO (AP) — When Archer Daniels Midland Company announced in September that it planned to move global headquarters from a central Illinois city to a location with better access to its customers worldwide, Chicago — with its two international airports and big-city amenities — seemed like an obvious contender.