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JPMorgan faces criminal probe over mortgage bonds

2013-08-09 11:19:28| IT Services - Topix.net

People stand in the lobby of JPMorgan Chase headquarters in New York. JPMorgan said Thursday it's facing a federal criminal investigation relating to mortgage-backed securities sold before the financial crisis.

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California Lawmakers Ask for Offshore Fracking Probe

2013-08-09 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Associated Press: A group of state lawmakers has asked the federal government to investigate hydraulic fracturing off the California coast where new oil leases have been banned since a disastrous oil spill in 1969. Fracking has occurred in the Santa Barbara Channel at least 12 times since the late 1990s, and regulators earlier this year approved a new project, according to a recent report by The Associated Press, which obtained well permits and internal emails through the Freedom of Information Act. The extent of...

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China drug probe widens as Novo site visited

2013-08-09 00:47:38| Biotech - Topix.net

COPENHAGEN/LONDON -- Chinese authorities have visited a site operated by Danish drugmaker Novo Nordisk A/S, the world's biggest maker of insulin, the latest evidence of a widening investigation into Western drugmakers.

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China avoids fresh levies in latest EU solar subsidy probe

2013-08-08 01:05:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: The European Union has decided against imposing fresh import levies on Chinese solar panels, as part of an ongoing subsidy investigation that aims to determine if Beijing policies are creating a glut of cheap components on the market. The European Commission launched a 13-month investigation into Chinese solar subsidies late last year, which is running concurrently with another inquiry into potential dumping of Chinese solar panels in European markets below cost price. The anti-subsidy investigation...

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China fines 6 milk suppliers in price-fixing probe

2013-08-07 12:34:50| Biotech - Topix.net

China announced Wednesday it has fined six milk suppliers, including Mead Johnson and New Zealand's Fonterra, a total of $108 million for price-fixing after an investigation that shook the country's fast-growing dairy market.

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