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WaMu Ex-Officials Settle FDIC Lawsuit (Wall St. Journal)
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Three former executives agreed to settle a civil lawsuit stemming from the biggest-ever U.S. bank failure for less than 10 percent of the $900 million that was sought by federal regulators.
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Swiss Re CEO to Retire (Bloomberg)
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Chief Executive Officer Stefan Lippe has decided to step down next year. A successor has not yet been named.
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Canada Exits Climate Change Summit (New York Times)
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The fraying agreement took a big hit as Canada withdrew from the 1997 accord to reduce greenhouse gases around the world.
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High Winds Tear Through California (Bloomberg Businessweek)
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Causing plenty of damage to property and businesses, the suprising 100 mph winds left many people without power.
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Carbon Emissions Show Biggest Jump Ever Recorded (New York Times)
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Emissions rose 5.9 percent in 2010, the most recent numbers recorded, even though some expected numbers to decrease because of the recession.
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Greenpeace Raid A Sign of Low Security at Nuclear Sites? (Wall Street Journal blog)
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Concerns about security at nuclear facilities came to the forefront after Greenpeace activists broke into a French plant and even climbed to the top of the reactor.
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New Leak at Japan Nuclear Site (The Japan Times)
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A new leak has erupted at the decimated Fukushima nuclear plant in Japan. After finding 12,000 gallons of contaminated water, officials fear that radiation has oozed into the Pacific Ocean.
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Extreme Weather to Worsen With Climate Change (Forbes)
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The economic impact of climate change could be vast as extreme weather continues.
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Merck Pleads Guilty, Agrees to Pay $950 Million in Vioxx Case (Forbes)
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Accused of bad promotion of the drug and not issuing misstatements about its cardiovascular safety, Merck agreed to a plea deal.
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EU Demand for Road Map to Climate Treaty Complicates Talks (Bloomberg Businessweek)
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With the Kyoto Protocol expiring next year, new talks attempt to deal with climate change and global emissions.
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Supreme Court to Decide Whether Lawsuits Require Harm (Yahoo! News)
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Must a person show specific harm in order to sue a company for wrongdoing? In First American Financial Corp. v. Edwards, the Supreme Court will decide.
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Oklahoma Gets String of Mild Earthquakes (New York Times)
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With nine small earthquakes in less than a week, residents and city risk managers are startled.
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GM to Offer Free Loaner Cars to Volt Owners During Safety Probe (Chicago Tribune)
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With multiple batteries catching fire after crash tests, GM will offer loaner cars to Volt owners, however the company still insists the high mpg car is safe.
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U.S. Sued for $25 Billion Over AIG Takeover (Reuters)
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Claiming that the government takeover of AIG was unconstitutional, former Chief Executive Maurice R. "Hank" Greenberg has launched a legal assault.
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Cancer Fallout from Japan Nuclear Disaster May be Hard to Detect (The Globe and Mail)
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The ordinary rate of cancer is so high, and our understanding of the effects of radiation exposure is so limited, that any increase in cases from the Fukushima nuclear plant disaster may be undetectable, say experts.
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