The Wall Street Journal reports, President Barack Obama predicted Monday that the Supreme Court would uphold his signature health-care law and said that overturning it would be a prime example of judicial overreach. The president’s comments indicate how he might deal with the political fallout should he lose, framing the court as a potential villain that, substitutes its judgment for that of elected legislators, and Americans who lose benefits of the law as victims. Mr. Obama ticked off a string of popular benefits that would disappear if the law is shot down, such as stopping insurers from discriminating against people with pre-existing conditions.
The Wall Street Journal also reports, Royal Bank of Canada was accused by U.S. regulators, of hundreds of millions of dollars in illegal futures trades with itself, in order to reap tax benefits. In a federal-court lawsuit filed yesterday in New York, the Commodity Futures Trading Commission alleged a “wash trading scheme of massive proportion” by Canada’s largest bank.
Reuters reports, an Australian Court ruled today, search giant Google is engaged in “misleading and deceptive” conduct, by allowing misleading paid advertisements to be shown with Internet search results. The court ordered Google set up a compliance program to ensure paid advertisements on its search engine did not mislead consumers, and ordered Google to pay costs for the court action, which has been running since 2007.
Finally Bloomberg reports, Molson Coors Brewing, the U.S. maker of Carling lager, agreed to buy StarBev, for $3.54 billion, to add beer brands such as Staropramen, and provide a route into central and eastern Europe. StarBev, headquartered in Amsterdam and Prague, operates nine breweries in Central and Eastern Europe. The acquisition will help meet the aim of Molson Coors to expand outside of the U.S., the world’s second-biggest beer market, as high unemployment and aggressive competition weigh on growth.
The Wall Street Journal reports, President Barack Obama predicted Monday that the Supreme Court would uphold his signature health-care law and said that overturning it would be a prime example of judicial overreach. The president’s comments indicate how he might deal with the political fallout should he lose, framing the court as a potential villain that, substitutes its judgment for that of elected legislators, and Americans who lose benefits of the law as victims. Mr. Obama ticked off a string of popular benefits that would disappear if the law is shot down, such as stopping insurers from discriminating against people with pre-existing conditions.
The Wall Street Journal also reports, Royal Bank of Canada was accused by U.S. regulators, of hundreds of millions of dollars in illegal futures trades with itself, in order to reap tax benefits. In a federal-court lawsuit filed yesterday in New York, the Commodity Futures Trading Commission alleged a “wash trading scheme of massive proportion” by Canada’s largest bank.
Reuters reports, an Australian Court ruled today, search giant Google is engaged in “misleading and deceptive” conduct, by allowing misleading paid advertisements to be shown with Internet search results. The court ordered Google set up a compliance program to ensure paid advertisements on its search engine did not mislead consumers, and ordered Google to pay costs for the court action, which has been running since 2007.
Finally Bloomberg reports, Molson Coors Brewing, the U.S. maker of Carling lager, agreed to buy StarBev, for $3.54 billion, to add beer brands such as Staropramen, and provide a route into central and eastern Europe. StarBev, headquartered in Amsterdam and Prague, operates nine breweries in Central and Eastern Europe. The acquisition will help meet the aim of Molson Coors to expand outside of the U.S., the world’s second-biggest beer market, as high unemployment and aggressive competition weigh on growth.