7/1/2015 In a press release on Monday, Massachusetts-based medical device manufacturer, Abiomed, notified the public that the U.S. Department of Justice has dropped its investigation of the company’s Impella 2.5 heart pump. In the press release, Company CEO, Michael Minogue said, “We are pleased that the Department of Justice has chosen to close its investigation
7/1/2015 President Barack Obama will be speaking in La Crosse Wisconsin on Thursday to highlight a change in federal overtime law that he announced in a Monday night Op-Ed in the Huffington Post. Writing that, “In this country, a hard day’s work deserves a fair day’s pay,” the president announced that the rule change will
6/30/2015 It seems every few years or so, the specter of tort reform appears in the halls of Congress to test the political winds. Last week, while the winds of freedom emanated from the Supreme Court steps and the air from dozens of collective exhales from the White House over the ACA, the ghost of
6/30/2015 After a nearly seven-year research process, the New York state Department of Environmental Conservation (DEC) released a damning findings statement on hydraulic fracturing, better known as fracking. The statement was the official document needed in order to ban the practice in the state. In a prepared statement, DEC chief, Joe Martens said, “Prohibiting high-volume
6/29/2015 According to a Sunday press release, Fiat-Chrysler announced that an assembly error detected last month may cause a suspension component to fail in some 2015 Dodge Durango SUVs and Jeep Cherokee models. The automaker said that the rear control arm was not properly heat-treated, causing a defect which is estimated to occur in no
6/29/2015 ABC News is reporting that the U.S. Office of Personnel Management (OPM), essentially the human resources department for the federal government, is shutting down its background-check system in the wake of a massive recent data breach discovered in April and reported earlier this month involving millions of current and former government workers. According to
6/29/2015 After a historic week in which the U.S. Supreme Court ruled to legalize gay marriage, as well as delivering a decision that will likely entrench Obamacare as the law of the land, the Court handed President Obama a major defeat to his environmental agenda. On the last day of the Court’s session, it ruled
6/28/2015 On Tuesday, U.S. District Judge Amit Mehta in Washington D.C. blocked a proposed merger between the U.S.’s two largest food-distribution companies, U.S. Foods and Sysco. Citing antitrust concerns, The Federal Trade Commission (FTC), along with ten state attorney generals’ offices sued the companies in February. The companies announced interest in a merger in December,
6/28/2015 Satellite Radio industry leader Sirius XM agreed on Friday to pay five record labels $210 million for the company’s use of pre-1972 recordings, potentially resolving a two-year legal battle in Los Angeles Superior Court. Due to federal copyrighting laws were not established for recordings until February 15th, 1972, separate from longstanding protections for songwriters,
6/26/2015 In a dramatic press briefing in Tokyo following the company’s annual shareholders’ meeting, the president of embattled Japanese airbag manufacturer, Takata, Shigehisa Takada, made his first public apology for the faulty airbags responsible for at least 8 deaths and over 100 injuries. First bowing to the media, Takada said, “I apologize for not having