Legislation to open up the credit rating industry to more competition has been proposed in a bill introduced by Representative Michael Fitzpatrick. The legislation would let any rating agency that meets certain standards register with the Securities and Exchange Commission. It would also allow the SEC to inspect rating agencies and regulate how they handle [...]

If Abbot Laboratories will not cut the price of one of its AIDS drugs, Brazil has said that it will break the company’s patent on the drug and begin manufacturing the drug itself. Brazil is in talks with Abbot to try to convince the drug maker to cut the price of Kaltera, an anti-retroviral drug, [...]

It has been revealed that AMC Entertainment and Loews Cineplex Entertainment will merge into the second-largest chain of movie theaters in the United States. Terms of the deal, which comes at a time when US movie attendance is at its lowest in nearly 10 years, were not made public, but when each company was purchased [...]

Legislation has been introduced in the United States that would require aircraft capable of carrying over 800 passengers to have the technology to combat weapons such as Stinger missiles. If passed by Congress and signed by President George W. Bush, it would mean that the A380, currently under development by European aircraft manufacturer Airbus, would [...]

A US company with the same name as an Indian airline scheduled to begin flights to the US on June 23 has alleged that the Indian company is tied to al-Qaeda. Jet Airways of India, based in Mumbai, currently has a 43 percent share of the domestic market in India and in it’s last phase [...]