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A Delaware judge said Royal Bank of Canada should be held liable to former shareholders of Rural/Metro Corp because it failed to disclose conflicts of interest that tainted the $438 million buyout of the ambulance operator. Bankers at RBC Capital Markets were so eager to collect higher fees that they convinced Rural/Metro directors to sell the company in June 2011 to private equity firm Warburg Pincus LLC at an unreasonably low $17.25 per share, wrote Vice Chancellor J. Travis Laster of the Delaware Chancery Court. Former Rural/Metro Corp shareholders are seeking about $172 million from Toronto-based RBC, representing the difference between the buyout price and what they believe the company was worth, according to published reports.
(The story corrects organization name to American Action Network in paragraph 15, from American Action Forum. The Network is an affiliate of the Forum that is allowed to engage in political activities under U.S. tax law.) By David Morgan WASHINGTON (Reuters) - Republicans, looking for ways to turn November's congressional elections into a referendum on President Barack Obama's signature healthcare law, are trying to portray Obamacare as a danger to Medicare. The aim is to court one of the biggest and most reliable voting blocs in midterm elections, senior citizens and people near retirement, by depicting Republicans as defenders of the federal healthcare program for 42 million seniors. It's an attempt to turn the tables on Democrats, who in the 2012 presidential election attacked Republican Mitt Romney over Republican proposals to overhaul Medicare.
TAHIRPUR, India (AP) — At first, Ashok Yadav ignored the patches of pink skin on his arm. But when pale sores erupted on his body and he lost sensation in his fingertips, a doctor issued the devastating diagnosis: Yadav had leprosy.
By Drazen Jorgic and Philippa Croome KAMPALA (Reuters) - With a World Bank scholarship and top grades in the first year of her masters degree in agriculture, 27-year-old Cleo Kambugu should be well on the road to her goal of an academic career in Uganda. Instead, she's working out how to leave after the passing of a law that toughens prison sentences for homosexuality and a tabloid campaign to "out" gays. "There is totally no hope right now," said Kambugu, still legally a man despite a sex change in the last year that is not recognized by Uganda, a nation that now has some of the toughest anti-gay laws on a continent where 37 states ban homosexuality. The bill, signed into law by President Yoweri Museveni on February 24, has forced embattled gays deeper into the shadows, by threatening life in jail for "aggravated homosexuality" and a seven-year term for "aiding and abetting homosexuality".
A blue balloon announcing "Baby Boy" fluttered on Saturday outside the home where the family has since returned after Jessica Rosado, who was nine months pregnant when she arrived at the hospital near her home in Tampa, gave birth after having labor induced. Rosado, her partner Ronnie Morales and her two young daughters fell ill on Monday evening after eating some bottom round steak bought from a local Wal-Mart, according to the Tampa Police Department.
A second baby born with the AIDS virus may have had her infection put into remission and possibly cured by very early treatment — in this instance, four hours after birth.
Surgery to remove the prostate saves lives compared to "watchful waiting" for some men whose cancers were found because they were causing symptoms, long-term results from a Scandinavian study suggest.
THURSDAY, Feb. 20, 2014 (HealthDay News) -- Fishing line and sewing thread can create powerful artificial muscles that could be used to help disabled people or to build incredibly strong robots, a new study says. Compared to human muscle of the sa...
THURSDAY, Feb. 20, 2014 (HealthDay News) -- Older adults with slightly elevated thyroid activity may be at increased risk for depression, a new study indicates. Researchers analyzed data from more than 1,500 people, average age 70, who were depres...
THURSDAY, Feb. 20, 2014 (HealthDay News) -- The flu is hitting younger and middle-aged adults unusually hard this season, but getting vaccinated reduces the need for a doctor's care, U.S. health officials said Thursday. People aged 18 to 64 repres...