Global Economy
Allstate CEO Thomas Wilson Wants Future Corporations to Help Solve Society’s Problems
Allstate Chairman and CEO Thomas Wilson wants corporations of the future to help solve society's problems, and be rewarded for doing so. "Corporations should be encouraged and rewarded for stepping ...
AIG Hires Another Veteran JPMorgan Chase IT Exec for Major Role
AIG is hiring another JP Morgan Chase & Co. information technology executive in a major leadership role. Hugh Tamassia is set to become AIG's new chief enterprise architect, effective Oct. 3. AIG ...
Cyber Firm Asserts Yahoo Hack Was Work of Eastern European Criminal Gang
A cyber security company on Wednesday asserted that the hack of 500 million account credentials from Yahoo was the work of an Eastern European criminal gang, adding another layer of intrigue to a ...
New 9/11 Law Allowing Lawsuits Against Saudi Arabia May be Narrowed
U.S. lawmakers on Thursday expressed doubts about Sept. 11 legislation they forced on President Barack Obama, saying the new law allowing lawsuits against Saudi Arabia could be narrowed to ease ...
Typhoon Meranti China Insured Losses Estimate Surpasses $1B: AIR Worldwide
Mainland China could be dealing with more than $1 billion in insured losses from damaged caused by Typhoon Meranti once final tallies are in, AIR Worldwide said. The catastrophe modeling firm ...
After Exploding Smartphone Batteries, Samsung Now Faces Washing Machine Safety Issues
Samsung Electronics, which is already reeling from a global recall of its Note 7 smartphones, said on Thursday it is in talks with a U.S. watchdog to address potential safety problems related to some ...
Former AIG Chairman Greenberg Scolded by Judge for Avoiding Direct Answers
A New York state court judge warned Maurice "Hank" Greenberg, the 91-year-old former chairman of American International Group Inc., that his fraud trial might last a year unless he answered questions ...
RBS Will Pay $1.1B to Settle Some of Its U.S. Toxic Mortgage Claims
Royal Bank of Scotland Group Plc will pay $1.1 billion to resolve claims that it sold toxic mortgage-backed securities to credit unions that later failed, the U.S. National Credit Union ...