November 13, 2013 |
RAMALLAH, West Bank -- Peace negotiators Saeb Erekat and Mohammed Shtayyeh have submitted their written resignations to Palestinian Authority President Mahmoud Abbas, a member of the Palestine Liberation Organization's executive committee said Wednesday. Abbas told Egypt's CBC-TV that his negotiators have resigned over the lack of progress in U.S.-brokered talks with Israel and over Israeli settlement activity, Reuters news service reported. Hanan Ashrawi, a PLO official, told a Palestinian radio station that although the executive committee was not informed of the resignation, Erekat confirmed to her that he had submitted the letter to Abbas.
November 12, 2013 |
The Justice Department announced Tuesday that it has reached a settlement agreement to allow the merger of American Airlines and US Airways to form the nation's largest air carrier. The department, which sued in August to stop the merger, said that as part of the deal, it will require the airlines to give up landing slots and passenger gates at airports where the combined carrier would dominate its competition. The two airlines said they will abide by the Justice Department's demands to allow the merger.
November 6, 2013 |
JERUSALEM -- U.S. Secretary of State John F. Kerry met separately with Israeli Prime Minister Benjamin Netanyahu and Palestinian Authority President Mahmoud Abbas on Wednesday to extend support at a tense juncture in peace talks. Heading into a meeting with Netanyahu in Jerusalem, Kerry acknowledged that the peace process always experiences difficulties and tensions but expressed confidence in the ability to work them through. "We are in critical talks with respect to the possibilities of a long, long sought goal....
CALIFORNIA | LOCAL
November 6, 2013 |
Los Angeles County will pay $7.5 million to the formerly homeless mother of a child born at Los Angeles County-USC Medical Center who said that negligence by medical staff resulted in brain damage to her baby. The case was filed on behalf of 1-year-old Micah Welch by his mother. The mother, Dyrene Loftis, 25, alleged that because of poor medical care, she suffered a ruptured uterus that caused a lack of oxygen to the child during his delivery. The settlement was finalized Tuesday in a unanimous vote by the county's Board of Supervisors.
November 6, 2013 |
WASHINGTON -- Two senators introduced legislation Wednesday to outlaw tax deductions by companies for penalties paid as part of government settlements, responding to concerns that JPMorgan Chase & Co. could end up with a huge write-off if it settles civil investigations with the Justice Department over mortgage bonds. Sens. Jack Reed (D-R.I.) and Charles E. Grassley (R-Iowa) said they wanted to close a loophole that allows companies to "reap tax benefits" for payments made to settle allegations of "illegal corporate behavior.
November 5, 2013 |
If American Airlines and US Airways divest themselves from "key" airports, the U.S. Department of Justice may be willing to drop its challenge to a merger plan for the airlines. That is the word from U.S. Atty. Gen. Eric H. Holder Jr., who said the Justice Department was discussing a potential settlement of a suit the agency filed in August to halt the merger that would create the nation's largest airline. "What we have tried to focus on is to make sure that any resolution in this case necessarily includes divestitures of facilities at key constrained airports throughout the United States," Holder said during a press conference on an unrelated matter.
October 31, 2013 |
JERUSALEM -- Israel has announced that it is advancing plans to build settlements in the West Bank and Jerusalem amid sharp international criticism that the projects will hurt the peace process with the Palestinians. Hours after releasing a group of Palestinian prisoners Tuesday night, Israel announced the renewal of several developments in the Jerusalem area on lands annexed after the 1967 war, which Palestinians claim for a future state. A number of the projects announced are not new, such as the expansion of the northeast Jewish neighborhood of Ramat Shlomo by 1,500 units.
CALIFORNIA | LOCAL
October 29, 2013 |
Los Angeles schools chief John Deasy has offered to resign in February, according to a proposed settlement obtained by The Times and other media outlets Tuesday. Under the proposed agreement, which was presented last Friday to Board of Education President Richard Vladovic, Deasy would resign Feb. 1, 2014. He would then continue to be available as a consultant through June 30, 2015. That arrangement would have allowed Deasy to receive his $330,000 annual salary for the balance of his contract.
October 28, 2013 |
Penn State has agreed to pay $59.7 million to 26 men who said they were sexually abused by former assistant football coach Jerry Sandusky, serving what is effectively a life sentence for his conviction as a predator of boys. The university announced on Monday that 23 of those who said they were abused had signed agreements and three more had reached agreements in principle during negotiations over the past months. Six cases had been rejected or talks are continuing, the university said.
October 25, 2013 |
NEW YORK - The widely expected $13-billion settlement between JPMorgan Chase & Co. and the federal government started to take shape with details in a key deal unveiled Friday. The New York bank agreed to pay $5.1 billion to the regulator overseeing mortgage giants Fannie Mae and Freddie Mac, even as JPMorgan kept hashing out the broader pact with federal and state agencies. The Federal Housing Finance Agency had accused the bank and two others JPMorgan bought during the housing crisis of misleading Fannie and Freddie about mortgages and mortgage-backed securities it sold the companies from 2005 to 2007.