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Sprint Sued By New York For $300 Million; Service Provider Denies Tax Fraud

Sprint Nextel Corp., which is the third-biggest mobile service provider in the U.S., has been sued by the state of New York for allegedly not collecting or paying millions of dollars in taxes. Though Sprint denies these accusations, the company stands to pay more than $300 million if the claims are proven true.
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ALEC Ends Legal Work On Guns, Voter ID

The American Legislative Exchange Council, an influential conservative organization that helps craft state-level legislation, announced on Tuesday that it would halt its work on a Public Safety and Elections Task Force that had formulated voter identification and gun laws.
Mitt & Ann Romney, Tuesday, March 6, 2012 in Boston

Super Tuesday: What Do Romney's 6 Wins Mean?

Capping victories in five other states Tuesday, Mitt Romney won Ohio's Republican primary, narrowly beating Rick Santorum. But with the win come questions about Romney's campaign strategy and the candidate's appeal.
Director of National Intelligence James Clapper testifies at a Senate Intelligence Committee hearing on Capitol Hill

Hacked Companies still Not Telling Investors

At least a half-dozen major U.S. companies whose computers have been infiltrated by cyber criminals or international spies have not admitted to the incidents despite new guidance from securities regulators urging such disclosures.
A pair of housing units are shown for sale in San Francisco

Mortgage Deal Would Give States Enforcement Power

A proposed settlement to resolve mortgage abuses by top U.S. banks will give states broad authority to punish firms that mistreat borrowers in the future, according to documents seen by Reuters on Wednesday.
NYSE

DOJ Approves NYSE-Deutsche Börse Merger on Condition of Direct Edge Sale

The Justice Department on Thursday gave the green light for the merger of NYSE Euronext and Deutsche Börse AG, which will create the world's largest stock exchange operator. The deal is still subject to the review of European antitrust authorities who have resisted approval.
Some people think the value of Bank of America (NYSE:BAC) stocks is zero. Others think it is as high as $30.

Late-day Rally Lifts Bank of America (NYSE:BAC)

A late-day buying spree is causing shares in Bank of America (NYSE:BAC) to soar higher than its big bank peers. The rally began just after 3 p.m., shortly after news broke that the financial institution had settled a federal lawsuit regarding a subsidiary's subprime lending practices for $335 million.
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Calif. Open to Deal in Mortgage Settlement Talks-WSJ

California Attorney General Kamala Harris remains open to a deal with large U.S. banks in multi-state mortgage negotiations provided it involves a stronger proposal from lenders, the Wall Street Journal reported.
Attorney General of California Kamala Harris attends a news conference to announce the creation of the Mortgage Fraud Strike Force in Los Angeles

California open to deal in mortgage settlement talks: report

California Attorney General Kamala Harris remains open to a deal with large U.S. banks in multi-state mortgage negotiations provided it involves a stronger proposal from lenders, the Wall Street Journal reported.
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Top court considers California Medicaid cuts

The Supreme Court opened its new term on Monday and considered whether Medicaid recipients and medical providers may sue California for cutting reimbursement rates in the healthcare program for low-income Americans.
Opponents of the proposed U.S. health care bill are pictured during a rally outside the U.S. Capitol Building in Washington

Obama's Healthcare Law Appealed to Supreme Court

The Obama administration on Wednesday asked the U.S. Supreme Court to back the centerpiece of Barack Obama's sweeping healthcare overhaul -- the requirement that all Americans have health insurance.

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