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Video: Healthcare.gov Users Asked To Reset Passwords Following Heartbleed Bug By Clip Syndicate Officials are requesting that Healthcare.gov users reset their passwords after a continuing internal review by the Department of Homeland security flagged the site as possibly being vulnerable to a Heartbleed exploit. According to a notice published on the site, which serves as a portal for the health insurance exchanges set up under Obamacare, the move to reset passwords is being taken "out of an abundance of caution." In addition, the note says that "there’s no indication" that any information was revealed through Heartbleed. ...Read More »
AMR Loses Bid To Terminate Retiree Benefits By Grab Media, a blinkx company A U.S. bankruptcy judge largely declined on Friday to rule that former American Airlines parent company AMR Corp had a unilateral right to terminate benefits for nearly 47,000 retirees. U.S. Bankruptcy Judge Sean Lane in New York rejected a motion AMR made in 2012 for a ruling holding that the health and welfare benefits it provided retirees had not vested and could be unilaterally modified. ...Read More »
Video: AMR Loses Bid To Terminate Retiree Benefits By Clip Syndicate A U.S. bankruptcy judge largely declined on Friday to rule that former American Airlines parent company AMR Corp had a unilateral right to terminate benefits for nearly 47,000 retirees. U.S. Bankruptcy Judge Sean Lane in New York rejected a motion AMR made in 2012 for a ruling holding that the health and welfare benefits it provided retirees had not vested and could be unilaterally modified. ...Read More »
The Week Ahead: A Spring Breakout For The Economy? By Grab Media, a blinkx company Just a week ago the stock market was looking quite vulnerable as most of the major averages closed near their lows last Friday, April 11. There were signs of heavy selling, so I concluded last week that “On a short-term basis, the market is getting oversold, so we should see a bounce this week. Unless it is quite strong, it will likely be an opportunity to become more defensive and raise some cash.” The higher close last Monday signaled the rebound was indeed underway and made Wednesdays action pivotal as a sharply lower close would have signaled that the rebound was over and that investors should prepare for a further decline. ...Read More »
Providence, RI Sues Firms Over Stock Trades By Grab Media, a blinkx company Providence, R.I. is suing dozens of Wall Street banks and other financial companies over high-frequency trading. The suit says stock exchanges, investment banks and others defrauded investors by manipulating market data in favor of split-second stock-trading firms. The suit's defendants include the Nasdaq Stock Market and the New York Stock Exchange; major banks such as JPMorgan Chase, Goldman Sachs and Citigroup; and trading firms including Chopper Trading and Jump Trading. The lawsuit comes amid heightened government scrutiny into whether advantages in computer hardware and placement enable some to get millisecond timing advances on trades. ...Read More »
US Delays Review Of Contentious Keystone Pipeline By Grab Media, a blinkx company The Obama administration is putting off its decision on the controversial Keystone XL oil pipeline, likely until after the November elections, indefinitely extending its review of the project. In a surprise announcement Friday as Washington was winding down for Easter, the State Department said federal agencies will have more time to weigh in on the politically fraught decision — but declined to say how much longer. ...Read More »
Video: US Delays Review Of Contentious Keystone Pipeline By Clip Syndicate The Obama administration is putting off its decision on the controversial Keystone XL oil pipeline, likely until after the November elections, indefinitely extending its review of the project. In a surprise announcement Friday as Washington was winding down for Easter, the State Department said federal agencies will have more time to weigh in on the politically fraught decision — but declined to say how much longer. ...Read More »
Obama Brags About ObamaCare Enrollment As If He Invented The Handout By Grab Media, a blinkx company One could spend all day dissecting how yesterdays presidential press conference distorted the truth about ObamaCare. Happily, the Washington Post did much of the work for us, taking issue with a number of misleading claims President Obama made. The Post notes its not really 8 million enrollees but 8 million people who have “signed up for a plan. Obama also misled the public when he claimed 35 percent of enrollees sign-ups are age 35 or younger. ...Read More »
Rajaratnam's Brother Loses Bid To Dismiss Insider Trading Charges By Grab Media, a blinkx company Rengan Rajaratnam, the younger brother of imprisoned hedge fund manager Raj Rajaratnam, lost a bid to dismiss some of the insider trading charges leveled against him last year. U.S. District Judge Naomi Reice Buchwald in Manhattan ruled that the indictment adequately alleged the essential elements of the crimes charged. Buchwald agreed that four securities fraud counts were "internally inconsistent" with a conspiracy charge contained in the indictment. ...Read More »
Video: Rajaratnam's Brother Loses Bid To Dismiss Insider Trading Charges By Clip Syndicate Rengan Rajaratnam, the younger brother of imprisoned hedge fund manager Raj Rajaratnam, lost a bid to dismiss some of the insider trading charges leveled against him last year. U.S. District Judge Naomi Reice Buchwald in Manhattan ruled that the indictment adequately alleged the essential elements of the crimes charged. Buchwald agreed that four securities fraud counts were "internally inconsistent" with a conspiracy charge contained in the indictment. ...Read More »

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