Global Economy
Hacker That Struck Capital One May Have Targeted 30 Other Companies
The Seattle woman accused of hacking into Capital One Financial Corp.'s cloud and stealing personal information on more than 100 million Americans also broke into servers of more than 30 other ...
Buffett’s Berkshire Hathaway Boosts Amazon Investment Stake
Warren Buffett's Berkshire Hathaway Inc on Wednesday said it boosted its stake in Amazon.com Inc by 11% during the second quarter, increasing its bet on the powerful online retailer even as stocks ...
Bayer May Be Seeking Roundup Cancer-Claim Deal Worth Up to $8B
Bayer AG is proposing to pay as much as $8 billion to settle more than 18,000 U.S. lawsuits alleging its Roundup herbicide causes cancer, according to people familiar with the negotiations. An ...
U.S. Regulators Reportedly Would Drop Bank Accounting Test in ‘Volcker Rule’ Rewrite
U.S. regulators have circulated a new draft of the "Volcker Rule" that would further ease its requirements and scrap a proposed new test that had been met with fierce resistance from Wall Street, ...
China’s Troubled Anbang Insurance Group Puts Japan Properties Up for Sale
China's troubled Anbang Insurance Group has put its $2.4 billion property portfolio in Japan up for sale and previous owner Blackstone Group is bidding, two people familiar with the company's plans ...
Many Reinsurers Take on Increased Catastrophe Risks as Rates Harden
Some global reinsurers have chosen to stop retrenching from catastrophe risks, deciding instead to take advantage of higher premium rates and increase their exposure, according to S&P Global ...
California’s New Data Privacy Law Could Be a Game-Changer
As the nation's most far-reaching data privacy law, California Consumer Privacy Act (CCPA), is set to begin Jan. 1, 2020, businesses and their insurers are preparing for a new era in cyber liability. ...
For Insurers, New Calif. Data Protection Regulation Offers ‘Tremendous’ Opportunity
More than a year after The General Data Protection Regulation (GDPR), a regulation in EU law on data protection and privacy for all citizens of the European Union, was implemented in May 2018, some ...