fines – News Stories About fines - Page 4

Citigroup Will Buy Back $7B of Bad Debt, Pay $100M Fine

Aug 7, 2008 2:12 PM CDT

Citigroup Will Buy Back $7B of Bad Debt, Pay $100M Fine

Deal with SEC, NY state seen as 'face-saving,' could mean more ahead

(Newser) - Citigroup has agreed to buy back $7 billion in risky debt it marketed to consumers as safe and equivalent to cash, Reuters reports. Today’s deal, struck with New York's attorney general and the SEC, also requires the bank to pay fines totaling $100 million, and reimburse customers who took...

Continental Faces
Manslaughter
Charges

Jul 3, 2008 12:17 PM CDT

Continental Faces Manslaughter Charges

Conviction would result in multi-million dollar fine

(Newser) - Continental Airlines will have to stand trial for manslaughter over its role in the explosive crash of an Air France jet, a French judge ruled today. Five individuals have also been charged in the 2000 accident, which saw a Concorde jet burst into flames while leaving a Paris runway, killing...

China Hangs Onto 1-Child Policy

Mar 10, 2008 6:16 PM CDT

China Hangs Onto 1-Child Policy

Country fears growth boom if rule is rescinded

(Newser) - China will keep up its one-child policy over the next decade as nearly 200 million citizens reach child-bearing age, CNN reports. "Given such a large population base, there would be major fluctuations in population growth if we abandoned the one-child rule now," said the country's family planning minister,...

China May Drop 1-Baby Law

Feb 29, 2008 7:32 AM CST

China May Drop 1-Baby Law

Officials want more girls, but fear triggering baby boom

(Newser) - China, faced with an aging population and too few women, may end its controversial one- child-per-family policy. The law that allowed urban couples only one child and rural families two is credited with preventing 400 million births over three decades. But cultural preferences for males has also created a troubling...

EU Fines Microsoft Record $1.3B

UPDATED

Feb 27, 2008 5:01 AM CST

EU Fines Microsoft Record $1.3B

Regulators punish company for overcharging Windows developers

(Newser) - The European Commission fined Microsoft today a record $1.35 billion for failing to comply with its 2004 antitrust ruling. The EU's executive branch said that the company continued to charge "unreasonable prices" to developers building programs for Windows despite both the earlier ruling and a court verdict last...

Hotel Pays Staff to Sniff Out Smoking Guests

Feb 25, 2008 7:20 PM CST

Hotel Pays Staff to Sniff Out Smoking Guests

Chicago's Swissotel turns its housekeepers into detectives

(Newser) - That chocolate on your pillow may be a bit of a Judas kiss: Chicago's Swissotel isn't the first hotel to fine sneaky smokers who break its puff-free policy, but it is the nation's first to pay staff to sniff out offending guests, reports the Chicago Tribune. Spraying air freshener won't...