Global Economy
Departing AIG CEO Hancock Gets $5M in Cash to Stay During Transition
Peter Hancock gets $5 million in cash to stay on as American International Group's chief executive officer while the board searches for his replacement. But the insurer's departing president and CEO ...
After Taking Time to Digest 2016 M&A, Insurers Ramp up for More
Insurers globally saw the number of completed mergers and acquisitions drop 13 percent in 2016 compared to the previous year, with political uncertainty and previous consolidation efforts slowing the ...
Berkshire Hathaway Investors Will Mull Resolutions Opposed by Chairman Warren Buffett
Berkshire Hathaway Inc. investors will have a chance to vote on three shareholder resolutions opposed by Chairman Warren Buffett and his board, including a call for the firm to disclose any political ...
Japan’s Government Ruled Liable for Fukushima Nuclear Disaster
A court in Japan on Friday ruled that Tokyo Electric Power (Tepco) and the government are liable for negligence in a case involving compensation for the Fukushima nuclear disaster, the first time the ...
Car Makers, Suppliers Give Widely Differing Timelines for Self-Driving Cars
Carmakers and suppliers gave widely differing timelines for the introduction of self-driving vehicles on Thursday, showing the uncertainties surrounding the technology as well as a split between ...
Russia Allegedly Hacked Yahoo, But Cybersecurity Lapses Were Severe
When it comes to Yahoo's massive security breach, the company was right about one thing. Yahoo! Inc. has been saying since September that a state-sponsored actor was behind a hack in 2014 that ...
VW Exec Ordered Held Until U.S. Emissions Trial Starts Next Year
A federal judge in Detroit on Thursday ordered that a Volkswagen AG executive charged in the automaker's diesel emissions scandal be detained until his trial set for next year, agreeing with ...
AIG, Wary of Battle With Icahn, Pushed for CEO Hancock’s Resignation: WSJ
American International Group Inc's decision to remove Peter Hancock as its chief executive was to avoid a proxy battle with billionaire activist investor Carl Icahn, the Wall Street Journal reported, ...