Former Treasury Secretary Timothy Geithner’s new book, “Stress Test,” discusses the financial crisis of 2007-8 and Geithner’s supervision of the banking giant Citigroup.Full Story»
Leading power tool manufacturers have conspired for years to thwart adoption of a safety device that could prevent thousands of finger amputations and other disfiguring injuries in table saw accidents, according to a federal antitrust lawsuit filed by the developer of the safety technology.
Lead paint makers suffered a landmark defeat Monday when a state court judge in San Jose, Calif., ordered the industry to create a $1.1 billion fund to eliminate lead hazards to children in hundreds of thousands of homes in the state. The decision broke the industry’s perfect record of defending suits by public agencies seeking to extract money for removal of flaking lead paint from older homes and apartments. It marked a huge victory for 10 California municipalities that will be able to draw on the fund for home inspections and repairs if the ruling holds up.
In a major departure from industry practice, GlaxoSmithKline, the sixth-largest global drug maker, announced that it will no longer hire doctors to promote its drugs. The company also will stop tying compensation for sales representatives to the number of prescriptions written for drugs they market. The changes will be made worldwide over the next two years.
More in this category
- Court Asked to Decide if Transparency Trumps Corporate Reputation in ‘Company Doe’ Case
- The Impact and Echoes of the Wal-Mart Discrimination Case
- Delaware Public Benefit Corporations Bring Social Purpose
- Obama Administration Attacked for Retreat on Tobacco in Trade Talks
- Protest by Tobacco State Politicians, Business Groups May Snuff Out Obama Administration Trade Move
- Power Tool Industry Circles the Wagons as Disabling Saw Injuries Mount