From

U.S. Politics

  • US seeks more than $5 bln in suit against S&P -attorney general

    WASHINGTON, Feb 5 (Reuters) - The U.S. government is seeking more than $5 billion in a lawsuit against rating agency Standard & Poor's over mortgage bond ratings, U.S. Attorney General Eric Holder said on Tuesday.

    The civil suit against S&P and its parent McGraw-Hill Cos Inc is the first federal enforcement action against a credit rating agency over alleged illegal behavior related to the 2007-2009 U.S. financial crisis.

    (Reporting By Aruna Viswanatha and Emily Stephenson; Editing by Gerald E. McCormick)
View the full stream
Powered by ScribbleLive
Photo

Islamic State says it has beheaded second Japanese hostage Goto

TOKYO - Islamic State militants said they had beheaded a second Japanese hostage, journalist Kenji Goto, prompting Prime Minister Shinzo Abe to vow to step up humanitarian aid to the group's opponents in the Middle East and help bring his killers to justice.