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The summer of super PAC money

Friday, September 21, 2012 - 12:39 AP Photo/Gerald Herbert President Barack Obama waves as he arrives to speak at a fundraiser at The House of Blues in New Orleans, Wednesday, July 25, 2012. Democratic super PACs have begun to make up ground in the political arms race, raising substantially more in August than they did during the previous month, new filings with the Federal Election Commission show. For much of the 2012 election cycle, Democratic super PACs have been outraised by their GOP rivals. The groups, made possible after the U.S. Supreme Court’s 2010  Citizens United  ruling , are allowed to collect contributions of unlimited size from individuals, unions and companies — so long as the funds are spent on advertisements that are not coordinated with any candidate. Priorities USA Action , the primary super PAC supporting the re-election of President Barack Obama, took in  $10.1 million  through the end of August. That’s up from $4.8 million in July. While the group finished ...

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Found more than 1 month ago on channel Marketplace.org

Is the Dreamliner Becoming a Financial Nightmare for Boeing?

The Federal Aviation Administration issued an “emergency airworthiness directive” late Wednesday following a string of incidents with Boeing’s precocious problem child, the 787, grounding the plane indefinitely until the reason behind two recent fires — attributed to faulty batteries — could be determined and the problem solved. The 787, also called the Dreamliner, is already a hugely expensive project for Boeing. The F.A.A.’s action increases the challenges that the manufacturer faces in trying to recoup its investment. Following an unscheduled landing in New Orleans in December and a fire in Boston earlier this month, an All Nippon Airways flight had to make an emergency landing yesterday after a battery malfunction and reports of smoke in the cabin. Both ANA and Japan Airlines, the other carrier that has the most 787s in service, grounded their fleets voluntarily on Thursday ahead of the F.A.A. action while they attempt to figure out what went wrong. Industry analysts and ...

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Found more than 1 month ago on channel TIME Moneyland

Netherlands: International Class Action Settlements In The Netherlands Since Converium - De Brauw Blackstone Westbroek N.V.

Since the US Supreme Court’s decision in Morrison v. National Australian Bank, the international relevance of Dutch law on class action settlements has increased.

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Found more than 1 month ago on channel Mondaq

Canada: Former Employees Ordered To Pay Significant Damages For Breach Of Confidential Information - Clark Wilson LLP

The recent decision of the BC Supreme Court, Service Corporation International (Canada) Ltd. (Graham Funeral Home Ltd.) v. Nunes-Pottinger Funeral Services & Crematorium Ltd., is the latest case in which the BC Supreme Court has confirmed that employees who misuse confidential information of their previous employer will be punished.

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Found more than 1 month ago on channel Mondaq

India: The Supreme Court Of India Overrules Bhatia International And Venture Global - Clasis Law

In a judgment delivered by Five Judge Constitutional Bench of the Supreme Court in Bharat Aluminium v. Kaiser Aluminium Technical Services, the Court held that Part – I of Indian Arbitration Act, 1996 (Act) will have no applicability over international commercial arbitrations held outside India in respect of arbitration agreements entered into hereafter.

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Found more than 1 month ago on channel Mondaq