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A collection of news and information related to Local Authority published by Tribune Company sources.
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SEC adopts new rules aimed at stemming conflicts in credit-rating industry
AP Business WriterWASHINGTON (AP) _ Federal regulators on Wednesday adopted new rules designed to stem conflicts of interest and provide more transparency for Wall Street's credit-rating industry, widely faulted for its role in the subprime mortgage debacle and ensuing...Tags: Investments, Banking, Business Enterprises, U.S. Securities and Exchange Commission, Financial Markets
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Automotive fastener plant in Virginia closing
A company that manufactures automotive fastener parts plans to close its Wytheville, Va., plant next year, eliminating about 160 jobs. A spokesman for Acument Global Technologies said Wednesday the closing is due to "very difficult automotive industry...Tags: Automotive Equipment
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Canady to be sworn in at Florida Supreme Court
The Associated PressAppellate Judge Charles Canady, who as a congressman helped prosecute then- President Bill Clinton at his 1999 impeachment trial, is being sworn in as a justice of the Florida Supreme Court. Canady is being sworn in Wednesday afternoon. The Lakeland...Tags: Parliament, Lower House, Charlie Crist, Court Administration, Bill Clinton
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Appeals court upholds $156M terrorism verdict
AP Legal Affairs WriterA federal appeals court on Wednesday upheld a $156 million judgment against three U.S.-based Islamic groups accused of bankrolling terrorism in a civil suit that was widely viewed as a landmark case. In a decision written by Judge Richard A. Posner, the...Tags: Yeshivas, Prisons, Terrorism, Trials, Lawyers
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6 charged in alleged ivory smuggling scheme
john.valenti@newsday.com robert.kessler@newsday.comThe U.S. Department of Justice arrested six people Wednesday in an elaborate smuggling operation in which prohibited elephant ivory was sent in fraudulent shipments from Africa through Kennedy Airport, officials said. The suspects, accused of smuggling...Tags: Conservation, Tourism and Leisure, Endangered Species, Kennedy Airport, Natural Resources
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Charles Canady sworn in to Florida Supreme Court
Tallahassee BureauCharles Canady was formally sworn in as Florida's 82nd justice on the state Supreme Court today in an investiture ceremony in the court chambers. Canady was the first of four picks Gov. Charlie Crist will make to the state's highest court. His second...Tags: Executive Branch, Society, Charlie Crist, Regional Authority, Bill Clinton
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Supreme Court reviews $79.5M award to smoker's widow in third round of Philip Morris case
Associated Press WriterWASHINGTON (AP) _ A cigarette maker and a smoker's widow squared off for the third time at the Supreme Court on Wednesday over a $79.5 million punitive damages award, but the real battle was between the justices and their counterparts on Oregon's high...Tags: Constitutional Issues, Tobacco Products, Trials, Employees, Altria Group
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Appeals court upholds $156 million Palestinian terrorism verdict, drops Chicago man from case
Associated Press WriterCHICAGO (AP) _ A federal appeals court upheld a $156 million judgment Wednesday against three U.S.-based Islamic groups accused of bankrolling terrorism in a landmark civil case. The U.S. charities must be held liable if they gave money to groups that...Tags: Yeshivas, Prisons, Terrorism, Trials, Lawyers
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Polygamous sect leader appeals 2007 conviction, says errors are grounds for ordering new trial
Associated Press WriterSALT LAKE CITY (AP) _ Attorneys for polygamous sect leader Warren Jeffs asked the Utah Supreme Court to reverse his 2007 criminal conviction and direct a judge to order a new trial. The appeal filed Nov. 26 sites improper jury instructions, the...Tags: The Church of Jesus Christ of Latter-day Saints, Prisons, Christianity, Trials, Cults and Sects
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Court dismisses lawsuit in teen worker's death
A company that violated child labor laws cannot be sued for the death of a 17-year-old Waukesha boy killed in a 2005 towing accident, an appeals court ruled Wednesday. Joshua Reif was a high school student working at Automotive & Truck Services, Inc. in...Tags: Judges, Injuries, Vehicles, Employees, Laws
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Judge told to resentence millennium terrorist gives him same 22-year term; feds vow to appeal
Associated Press WriterSEATTLE (AP) _ Rejecting prosecutors' calls for a life term, a federal judge on Wednesday reimposed a 22-year prison sentence for an al-Qaida-trained terrorist convicted of plotting to bomb Los Angeles International Airport at the turn of the millennium....Tags: Judges, Prisons, Armed Conflicts, Explosions, Trips and Vacations
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SEC adopts new rules for credit-rating agencies
Associated PressWASHINGTON -- Federal regulators today adopted new rules designed to stem conflicts of interest and provide more transparency for Wall Street's credit-rating industry, widely faulted for its role in the subprime mortgage debacle and ensuing credit crisis....Tags: Investments, Banking, Business Enterprises, U.S. Securities and Exchange Commission, Financial Markets
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