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The government on Tuesday plans to release the findings of its investigation into reports of sudden acceleration in Toyota vehicles.
The Transportation Department and NASA have been studying the safety issues that led Toyota to recall more than 11 million vehicles since the fall of 2009. Get the full story »
The U.S. Justice Department plans to take the lead in lawsuits accusing Abbott Laboratories of illegally promoting anti-seizure drug Depakote for uses not approved by regulators, including dementia.
The Justice Department filed notices last week in federal court in western Virginia saying it would intervene in at least three lawsuits against Abbott that were previously confidential under laws designed to protect would-be whistleblowers who come forward with information about alleged health-care fraud. The lawsuits were made public as a result of the department’s intervention. Get the full story »
An $18 million settlement to partially cover losses in prepaid funeral plans has been distributed to Illinois funeral directors after being tied up in a lawsuit for nearly two years.
The state Department of Insurance announced the distribution Friday, but its news release did not mention that the settlement terms had been changed. Get the full story »
TD Ameritrade Holding Corp. will reimburse about $10 million to customers to settle Securities and Exchange Commission charges that it misled them about the safety of a money market mutual fund.
The SEC announced the settlement Thursday after accusing TD Ameritrade of failing to reasonably supervise sales representatives who mischaracterized the Reserve Yield Plus Fund as being as safe as cash or having guaranteed liquidity. Get the full story »
Days before the Super Bowl, government authorities in New York seized several streaming Web sites that they accused of illegally showing live and pay-per-view sports events.
Content on web sites such as Rojadirecta.org, Channelsurfing.net and ATDHE.net was replaced by a note saying that the domain names were seized by Immigrations and Customs Enforcement through seizure warrants obtained by the U.S. Attorney’s office for the Southern District of New York.
None of the three popular sites, which feature live sports and other programming, are hosted in the U.S. Ten sites total were seized Monday, including HQ-Streams.com, HQ-Streams.net, Firstrow.net, Ilemi.com, Iilemi.com, Iilemii.com and Rojadirecta.com.
The United States will hit a $14.3 trillion statutory limit on its debt slightly later than estimated, the Treasury said Wednesday as it unveiled a still-hefty debt auction schedule.
Treasury officials said the limit would now be hit between April 5 and May 31, versus a previous estimate of end-March to mid-May. The later time frame reflected an upward revision to estimates of tax receipts and a downward revision to projected borrowing from the Social Security and Medicare trust funds. Get the full story »
Boeing Co. said Tuesday that it would submit a “final” bid for a $35 billion contract to supply the U.S. military with 179 aerial refueling tankers, as it tries to beat European rival Airbus.
A Boeing spokesman said the firm and Air Force officials discussed the company’s proposal Monday and revisions would follow. Get the full story »
Jackson Hewitt Tax Service Inc. sued H&R Block Inc to stop a new advertising campaign that it said misleads customers about tax refund loans and disparages Jackson Hewitt’s competence. Get the full story »
Check the due date on your Cook County property tax bills that will arrive in the mail any day.
Property owners have an extra 30 days to pay their bills. The first installment, for the 2010 tax year, is due April 1, instead of March 1. Get the full story »
The Obama administration on Friday extended through the end of the year a popular program allowing buyers of flipped homes to obtain loans backed by the Federal Housing Administration.
Flipping refers to the practice of buying a home and quickly reselling it at a profit. The FHA in 2003 banned buyers from obtaining government-backed mortgage insurance on homes bought less than 90 days after a previous sale. Get the full story »
The Federal Communications Commission filed Friday to dismiss challenges to its new Internet traffic rules, an agency official said. Get the full story »
The Illinois Housing Development Authority said it completed the allocation of $359.2 million in federal funds used to build and rehab almost 5,500 affordable rental homes for working families, seniors and people with disabilities.
The state housing agency received the funds as part of the federal American Recovery and Reinvestment Act.
Developments with Chicago accounted for more than $115 million of the disbursement.
The U.S. Postal Service plans to sell its downtown Naperville facility and lease a substantially smaller space in the 70-year-old building.
Naperville Bank & Trust, a subsidiary of Wintrust Financial Corp., signed a contract last week to purchase the building and the bank will take occupancy in the fall, according to Jones Lang LaSalle, which is representing the Postal Service. Get the full story »
The Obama administration is open to any possible reform of the U.S. tax code “that’s going to simplify, make it more efficient and generate revenue,” top White House economist Austan Goolsbee said Thursday.
Goolsbee was speaking to a YouTube roundtable two days after President Barack Obama said in his State of the Union address that he wanted to pursue ideas for tax reform.
General Motors Co. has withdrawn its application for $14 billion in subsidized loans from the Department of Energy, saying it has the financial strength to fund investment in more fuel-efficient and electric vehicles on its own.
The move could provide a public-relations boost to GM, which has struggled to distance itself from a $50 billion bailout and the stigma of having become ”Government Motors” after being restructured in bankruptcy. Get the full story »
