Global Economy
Buffett’s Berkshire Hathaway Will Become Bank of America’s Biggest Shareholder
Warren Buffett's company will become the biggest shareholder in Bank of America Corp, after Berkshire Hathaway Inc on Friday invoked its right to acquire 700 million shares of the second-largest U.S. ...
Investors Begin Nudging Companies to Reduce Carbon Footprint
Investors are slowly starting to push companies to reduce their carbon footprint and help the world meet targets on limiting global warming that were agreed in the 2015 Paris climate talks. Energy ...
Icahn Appears Ready to Give AIG CEO Duperreault a Chance
Billionaire Carl Icahn, one of the largest investors in American International Group Inc., is easing off his demands for a breakup of the insurer after the company sold assets and brought on a new ...
New AIG CEO Duperreault Reiterates Desire to Focus on Acquisitions over Share Buybacks
American International Group Inc's new chief executive Brian Duperreault said on Wednesday the company would likely slow the pace of share buybacks and instead spend on acquisitions. "I'd love to ...
PCI Hires Treasury Department, Federal Insurance Office Veteran
A veteran of the U.S. Department of Treasury and other government departments who helped establish the Federal Insurance Office is joining the Property Casualty Insurers Association of America. Chris ...
UK Urged to Reassess Building Design in Age of Global Warming
Britain must reassess the way it designs buildings to cope with a warming climate, stepping away from huge expanses of glass and beyond air conditioning that consumes too much energy, a panel ...
Takata, Felled by Massive Air Bag Recalls, Gets China Backing After Bankruptcy Filing
Japan's Takata Corp , at the center of the auto industry's biggest-ever product recall, filed for bankruptcy protection in the United States and Japan, and said it had agreed to be largely acquired ...
Business Interruptions Galore: Global Ransomware Attack Hobbles FedEx, Others
The global cyberattack that has been wending its way across continents since Tuesday started creating real consequences at some businesses even as the virus's spread seemed to be abating. FedEx Corp. ...