Global Economy
S&P: Berkshire Hathaway Risks Ratings Cut Over $37.2B Acquisition
News this week that Berkshire Hathaway Inc. plans to spend $37.2 billion to acquire Precision Castparts Inc. is troubling Standard & Poor's. The ratings stalwart placed the company and its ...
Allianz, AIG, Others Shun Tax-Liability Coverage in India Cross-Border M&A
Prime Minister Narendra Modi needs to offer much more than just his best intentions to clean up India's whimsical tax regime to help convince insurers. Companies from Allianz SE to American ...
Google Changes Corporate Structure to Separate R&D Divisions From the Rest
Google Inc. is changing its corporate structure to separate its search, YouTube and other Web companies from its research and investment divisions. The shares rose as much as 5.8 percent in extended ...
Navigators Settles U.S. Probe Over North Korea, Iran Marine Risk Deals
Navigators Group Inc., the insurer that focuses on marine risks, agreed to settle a U.S. probe that it violated sanctions through deals tied to banned nations. Navigators will pay about $272,000 to ...
GEICO, Reinsurance Losses Drove Down Berkshire Hathaway’s Q2 Profit
Warren Buffett's Berkshire Hathaway Inc. said second-quarter profit missed analysts' estimates because higher claims costs fueled an underwriting loss at the insurance segment. Net income dropped 37 ...
Severe Floods Could Slam California Region With $24B in Damage: Lloyd’s of London
Severe flooding in an economically vital part of California's could cost more than $24 billion in damage, Lloyd's of London concludes in a new risk analysis of the state. What's more, climate change, ...
New EU Cyber Security Laws Affect Cisco, Google, Amazon and Others
Internet firms such as Cisco , Google and Amazon will be subject to a new EU cyber security law forcing them to adopt tough security measures and possibly report serious breaches to national ...
RSA’s Turnaround Shows Why Zurich Insurance May Want to Buy It
RSA Insurance Group Plc, the subject of a potential takeover bid by Zurich Insurance Group AG, reported a jump in first-half profit that beat analyst estimates and restored the interim dividend. ...