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Latest Challenge news and updates

Money Matters - Simplified


Sprint goes to court against AT&T, T-Mobile merger

The proposed AT&T and T-Mobile merger faces another hurdle, this time from Sprint Nextel Corp.

The Optimist's Guide to 2011

Things tend to get better over time. That's just the way it works. Life expectancy, real income, technology, medicine, transportation, communication ... these things tend to rise relentlessly higher for the majority of the world over time, pushing aside wars, famines, recessions, and natural disasters that get in their way.

The Wild African Energy Safari

It's no secret that global oil production is spreading rapidly. For instance, with most areas of the U.S. offshore prohibited from drilling activity, and the rendering of permits in the Gulf of Mexico having slowed to a snail's pace, the world will increasingly be forced to look to the likes of Brazil and Africa for its needed supplies of black gold.

Pick Up the Red Phone: It's Nucor's Dan DiMicco

I want a red phone. It's not that I'm fixated on the color, but I find the concept of a dedicated line to the people we most need to reach in times of distress to be a comforting proposition.

Our Top 5 Tech Stocks for 2011: Google

 This article is part of Our Top 5 Tech Stocks for 2011 series. I lucked out this time. When our editors asked Foolish writers for their top tech stock ideas for 2011, only one ticker was on multiple wish lists. After an ugly battle royal in the Fool rotunda with lots of pulled hair, torn ligaments, and bruised egos (not really, but go with me here), I was chosen to explain why we were fighting over Google (Nasdaq: GOOG). It pays to be a 6-foot-5-inch, 240-pound Viking sometimes. Also, maybe I got dibs for crushing the competition in last year's tech roundup. Who knows?


The CPI Is Broken. Here's Why.

 I believe in Santa Claus. I don't believe in the Consumer Price Index. One is a real guy who delivers the goods. The other is a manufactured number that does not.

I've argued before that the CPI is missing heavy undercurrents of inflation, which an abundance of very lively secondary indicators tells us has already arrived in force. 

Amazon Announce New Kindle Features to Challenge Google

 Close on the heels of Google (Nasdaq: GOOG) announcing the launch of its eBook service whose "buy anywhere read anywhere" theme took the online book readership battle to the front doors of Amazon (Nasdaq: AMZN) and Barnes & Noble, Amazon hit back, saying it will add two key features to its Kindle e-reader to fortify its position in the market.


BP challenges oil spill estimates

Washington -- An attorney for the U.S. Deepwater Horizon Oil Spill and Offshore Drilling Commission said oil company BP is challenging estimates of this summer's oil spill.

Attorney Priya Aiyar said BP attorneys had challenged the commission's estimate that 5 million barrels of oil were released by the Madondo oil well spill that began with an explosion on the Deepwater Horizon oil platform in the Gulf of Mexico in April that killed 11 workers.

The estimate is the key figure for arriving at a fine, which would cost $1,100 per barrel if the spill is ruled an accident and $4,300 per barrel if the spill involved company negligence, The New York Times reported.

BofA sues insurer of failed mortgages

Charlotte, N.C. -- U.S. lender Bank of America says it is owed $160 million on unpaid insurance claims made on failed mortgages, court papers say.

In a lawsuit filed in Charlotte, N.C., the banking giant says Old Republic Insurance Co. has denied "thousands" of valid claims and is making excuses not to cover them.

The lawsuit says from 2009 to 2010 claims honored by Old Republic fell 75 percent. Old Republic, in turn, said it was turning down claims with inadequate paperwork, The Charlotte Observer reported Thursday.

NHL GMs dismiss coach challenge option

Toronto -- NHL general managers have rejected the idea of instituting a coach's challenge option on disputed goals, Florida GM Dale Tallon said Tuesday.

Tallon had suggested the league institute a procedure similar to the NFL in which coaches are allowed to issue one challenge per game to dispute officials' rulings on questionable goals.

The issue seemed to pick up steam following an Oct. 26 incident in which a goal by Toronto's Colton Orr was allowed to stand despite replays showing he interfered with Panthers goalie Scott Clemmensen before the puck crossed the goal line, NHL.com reported.