Dow Corning Says Judge’s Ruling Could Complicate Breast Implant Settlement

DETROIT — Dow Corning Corp. and lawyers for women who sued the company over silicone breast implants want a judge to throw out a ruling they say could upset a complicated $3.2 billion settlement plan. Continue reading Dow Corning Says Judge’s Ruling Could Complicate Breast Implant Settlement

Clinton Renominates Greenspan As Fed Chairman

President Clinton renominated Alan Greenspan to another term as chairman of the Federal Reserve Tuesday, extending his strong authority over U.S. economic policy for another four years.

Greenspan, a 73-year-old Republican who took the reins at the central bank in 1987, said he had agreed to stay in the job in part because of the “unimaginable intellectual interest” of putting economic theory to the test in the financial markets. Continue reading Clinton Renominates Greenspan As Fed Chairman

Review Finds Half of Partners at PricewaterhouseCoopers Violated Stock Rules

WASHINGTON — Nearly half the partners at accounting giant PricewaterhouseCoopers LLP reported having violated rules prohibiting them from owning stock in companies they audit, and many more such lapses went unreported, a review led by an independent consultant has found. Continue reading Review Finds Half of Partners at PricewaterhouseCoopers Violated Stock Rules

WESTBOROUGH — Power company New England Electric System

WESTBOROUGH — Power company New England Electric System (NEES) said Monday it had agreed to buy Eastern Utilities Associates in deal worth about $634 million, in the latest consolidation spurred by deregulation in the electricity industry.

In December, NEES said it would merge with National Grid Group, a privately owned British transmission company. In its latest deal, NEES will acquire Boston-based Eastern Utilities for $31 cash per share. Continue reading WESTBOROUGH — Power company New England Electric System

Funny Business at Chicago’s Griffin Makes Waves in Europe and Beyond

LONDON — Futures traders struggling to recover at least half of their money from Griffin Trading, the collapsed clearing house, face a new hurdle after fresh losses of up to $2 million emerged at the firm’s head office in Chicago. Continue reading Funny Business at Chicago’s Griffin Makes Waves in Europe and Beyond