The Delaware Supreme Court has upheld a lower court's ruling declaring Walt Disney Co. directors and two former executives not liable for the approval of a $130 million severance package for former Disney president Michael Ovitz , after serving only 14 months as president. Several shareholders originally sued former CEO Michael Eisner , former general [...]

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The US Senate on Thursday rejected a bill that would have given Native Hawaiians self-governance powers in line with those accorded to Native Americans. The Native Hawaiian Government Reorganization Act was rejected by a margin of 56-41 in a procedural vote Thursday, falling short of the necessary 60 votes to proceed with a final vote [...]

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