After a 5 1/2-month medical leave, Apple CEO Steve Jobs resumed control today of a company that hasn’t skipped a beat in his absence, but faces more challenges than when he left. Jobs, 54, is still in recovery after a liver transplant in Memphis. Apple…

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Steve Jobs – Apple – Liver transplantation – Memphis Tennessee – Wall Street Journal

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Jobs back at Apple after 5 1/2-month leave

A unit of Johnson & Johnson said Monday that a federal jury has ordered Abbott Laboratories to pay $1.67 billion in a patent infringement suit over the companies’ rheumatoid arthritis drugs. Abbott’s best-selling drug, Humira, competes with the drug Remicade,…

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Johnson & Johnson – Abbott Laboratories – Rheumatoid arthritis – Adalimumab – Infliximab

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J&J unit wins $1.67 billion verdict vs Abbott Labs

A person familiar with the investigation into disgraced financier Bernard Madoff (MAY’-dawf) says at least 10 more people are likely to be charged by the time the probe is complete. The person tells The Associated Press they will face federal charges over the…

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Bernard Madoff – Business – Ponzi scheme – Confidence trick – U.S. Securities and Exchange Commission

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AP Source: 10 more could be charged in Madoff scam

Seven people, including three children, were injured in a fire at a four-unit apartment building northeast of downtown Los Angeles, authorities said Monday. Injuries ranged from smoke inhalation to minor burns. Damages totaled about $350,000 and 21 residents…

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Los Angeles – Downtown Los Angeles – California – United States – Counties

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7 injured in morning blaze at L.A. apartment

The Justice Department opposes Continental Airlines Inc.’s broad request for antitrust immunity to work more closely with United Airlines and other carriers in setting prices and schedules for international service. The department says the airlines should get…

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United Airlines – Airline – Continental Airlines – United States – Travel

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DOJ opposes antitrust immunity for Continental

Investors are seeing a jump in oil as reason to snap up stocks in the final days of the second quarter. Energy, industrial and materials stocks pulled the market higher in light trading today as investors looked to put money…

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A rise in oil sends stocks higher

Police say a bicyclist has died after being struck by a car in east Las Vegas. Authorities say the bike and car collided before 3:30 p.m. on Monday. Officials say the biker was taken to University Medical Center in critical condition but died. Police say the…

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Las Vegas Nevada – Las Vegas – Nevada – Police – United States

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Bicyclist dies in Las Vegas after being hit by car

Oil giant Exxon Mobil Corp. says it won’t appeal hundreds of millions of dollars in interest on punitive damages resulting from the 1989 Exxon Valdez oil spill. The Irving, Texas-based company will pay $470 million in interest on more than $507.5 million in…

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Exxon Valdez oil spill – Exxon Valdez – ExxonMobil – Punitive damages – Environment

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Exxon to pay interest on Valdez oil spill damages

NEW YORK (Reuters) – Bernard Madoff was sentenced on Monday to 150 years in prison — the maximum penalty the judge could give him for “extraordinarily evil” crimes in Wall Street’s biggest and most brazen investment fraud.

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Madoff gets 150 years for massive investment fraud

General Motors Corp., hoping for a quick exit from Chapter 11, on Tuesday will ask a bankruptcy judge to approve its plan to refashion itself as a leaner automaker owned mostly by the government. The nation’s largest automaker still faces hundreds of…

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General Motors – Chapter 11 Title 11 United States Code – Automotive industry – Business – Company

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GM seeks court approval to become “New” company

Risky bank policies that contributed to the financial crisis were as common in neighborhood branches as they were on Wall Street, according to a labor-backed coalition that will propose new reforms Tuesday. Bank of America Corp. and other large banks…

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Bank of America – Business – Wall Street – Bank – Financial services

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Bank employees protest ‘anti-consumer’ practices

An illegal immigrant will stand trial for murder in the deaths of a father and his two sons in a drive-by shooting in San Francisco. Judge Teri Jackson said Monday there’s sufficient evidence for 22-year-old Edwin Ramos to be tried for the June 2008 killings….

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San Francisco – California – United States – San Francisco Bay Area – Murder

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Man to stand trial for killing 3 in SFC traffic

Real estate investment trust HCP Inc. said Monday it filed complaints against Sunrise Senior Living Inc. and its subsidiaries, and wants to terminate agreements on 64 properties. The company alleges a breach of contract. Earlier in June, HCP said it would…

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Real estate investment trust – Real estate – Sunrise Senior Living – Business – Canada

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HCP files complaints against Sunrise Senior Living

California Insurance Commissioner Steve Poizner on Monday ordered all insurance companies doing business in the state to report investments that might benefit Iran, investments he said harm national security as well as the state’s insurance buyers. Poizner…

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Insurance – Steve Poizner – Iran – California – California Insurance Commissioner

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Calif. examines insurers’ investments in Iran

Federal officials are resuming negotiations with Dow Chemical Co. over cleanup of dioxin pollution near the company’s Midland plant. The Environmental Protection Agency said Monday it has notified Dow that an offer from the company earlier this year is good…

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Environmental Protection Agency – Dow Chemical Company – United States – Government – Agencies

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EPA, Dow Chemical resuming dioxin talks