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Since the summer of 2011, the insurance giant American International Group has been battling Bank of America over claims that the bank packaged and sold it defective mortgages that dealt AIG billions of dollars in losses.
Renault to cut 7,500 jobs in France
PARIS — France’s ailing industrial sector took another blow Tuesday when Renault said it planned to cut 7,500 domestic jobs, or about 17 percent of its French labor force, by 2016 as it adjusted production capacity to the crushing downturn in the European car market.
It’s official: 2012 was the hottest year in US on record
The numbers are in: 2012, the year of a surreal March heat wave, a severe drought in the corn belt and a massive storm that caused broad devastation in the mid-Atlantic states, turns out to have been the hottest year recorded in the contiguous United States.
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WASHINGTON — The Supreme Court on Tuesday unanimously ruled that federal courts should not automatically suspend post
Judge limits a police stop-and-frisk program in the Bronx
NEW YORK — A federal judge ruled Tuesday that the New York Police Department’s practice of stopping people suspected of trespassing outside private buildings in the Bronx was unconstitutional.
Expert to testify on deviance of NYPD officer
NEW YORK — A prominent forensic psychiatrist who has consulted on behalf of local and federal prosecutors about such notorious serial killers as Jeffrey L. Dahmer and Theodore Kaczynski is now involved in the case of a New York police officer charged with plotting to kidnap, rape, cook
In fending off critics, Obama points to Hagel as war hero
WASHINGTON — In his effusive endorsement of Chuck Hagel as his choice for secretary of defense on Monday, President Barack Obama set in motion a White House campaign that officials predict will overcome weeks of accusations that the Republican former senator from Nebraska is anti-Israel, anti-gay and soft on Iran.
Cuomo to propose broader ban on assault weapons
ALBANY, N.Y. — Gov. Andrew M. Cuomo, pushing New York to become the first state to enact major new gun laws in the wake of the massacre in Newtown, Conn., plans on Wednesday to propose one of the country’s most restrictive bans on assault weapons.
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Boeing’s newest and most sophisticated jet, the 787 Dreamliner, suffered a new mishap on Tuesday when a fuel leak forced an aircraft to return to its gate minutes before taking off from Boston, a day after an electrical fire broke out on another plane.
Health insurance marketplace approved in six states
WASHINGTON — The Obama administration gave conditional approval on Monday to health insurance marketplaces being set up by six states led by Democratic governors eager to carry out President Barack Obama’s health care overhaul.
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WASHINGTON — The United States has formally designated the Al Nusra Front, the militant Syrian rebel group, as a foreign terrorist organization.
Technical glitch delays rocket launching, North Korea says
SEOUL, South Korea — North Korea said Monday that a technical glitch had been found in the rocket it had planned to launch as early as this week to put a satellite in orbit, but that it still planned to try the launching by the end of the month.
Seasonable temperatures and clear skies will be returning this week
Breezy conditions today will allow cool air to push through New England. A low pressure system, responsible for the rainy weather yesterday, will continue moving northeastward through southern Quebec. The same system brought a cold front through our region last night. The front shifted the winds from southerly to northwesterly, transporting much cooler air into our region. This overall pattern will continue through the week, with winds easing up as a high pressure center anchors itself over the eastern U.S. Dry conditions will prevail under the high, and overall temperatures will be at normal December levels. Lighter winds and clear skies will keep the cool air mass firmly in place through Friday. Any unsettled weather should hold off until next weekend, when the high departs into the Atlantic and a new storm emerges in the Midwest.
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Taxpayers will soon shed their last holdings in the American International Group, more than four years after a rescue by the federal government during the most chaotic days of the financial crisis.
Chinese police detain Tibetans in self-immolation protests
BEIJING — Chinese police officials have detained a Tibetan monk and his nephew and accused them of playing a role in a series of self-immolations, according to Xinhua, the state news agency. The move appeared to be part of a campaign to prosecute Tibetans who are accused of aiding others who set fire to themselves in protest of Chinese rule.
US forecast as No. 2 economy, but energy independent
WASHINGTON — A new intelligence assessment of global trends projects that China will outstrip the United States as the leading economic power before 2030, but that America will remain an indispensable world leader, bolstered in part by an era of energy independence.
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WASHINGTON — Democratic luminaries with ties to the Obama and Clinton administrations, including two former Treasury secretaries and two former White House chiefs of staff, on Tuesday will enter the tax debate with an overhaul plan that would raise an additional $1.8 trillion in the first decade.
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BRUSSELS — NATO’s plan to buttress Turkey against potential attack from Syria calls for deploying U.S., German and Dutch Patriot missile-defense batteries under the operational control of the alliance’s military command, Western officials said Monday.
Greece offers to buy back debt from investors
LONDON — In a bold bid to reduce its debt burden, Greece offered Monday to spend as much as 10 billion euros to buy back 30 billion euros of its bonds from investors and banks.
Mars Curiosity rover discovery revealed
SAN FRANCISCO — In a sand drift on Mars, NASA’s Curiosity rover discovered … sand.