NY judge rules on side of Chevron
NEW YORK — A federal judge on Tuesday blocked US courts from being used to collect a $9 billion Ecuadorean judgment against Chevron for rain forest damage, saying lawyers poisoned an honorable quest with their illegal and wrongful conduct.
Justice is not served by inflicting injustice. The ends do not justify the means, US District Judge Lewis A. Kaplan wrote. The judge said it was a sad outcome to have to rule that the Ecuadorean court judgment was obtained by corrupt means, because it will likely never be known whether there was a case to be made against the San Ramon, Calif.-based oil company.
US wont seek further VW recalls for fuse
DETROIT — US safety regulators wont be pushing for a recall of thousands of Volkswagens that have the same electric fuses as a model that was recalled.
Last year VW recalled about 800,000 Tiguan SUVs worldwide from the 2009 through 2011 model years. A fuse can overheat and cause the outside lights to fail.
The National Highway Traffic Safety Administration says the same fuses are used in several other VW models. But the agency says engine and fuse box temperatures vary by model. Investigators also found that complaint and warranty repair rates for the Tiguan are four times higher than the Jetta sedan.
Mall of America gets financing for expansion
BLOOMINGTON, Minn. — The Mall of America has secured financing for a $300 million expansion.
The mega mall, with more than 400 stores, plans to break ground this month on a project that includes a luxury hotel, office tower and additional retail and food space. Mall spokesman Dan Jasper says the addition could be finished by August of 2015.
Apple CFO to retire; successor named
CUPERTINO, Calif. — Apples longtime Chief Financial Officer Peter Oppenheimer will retire in September, and hell be replaced by the companys corporate controller.
The announcement Tuesday comes one day after Goldman Sachs named Oppenheimer as one of its 13 board members.
Economic battle over Ukraine heats up
KIEV, Ukraine — The battle over Ukraines future is also economic: On Tuesday, Russia cranked up the pressure by ending discounts on its natural gas supplies, while the US and European Union offered quick-fix aid to the beleaguered government.
— from wire reports