Global Economy
Fairfax Financial Grows Asia Insurance Presence With Malaysian Acquisition
Fairfax Financial Holdings said it will acquire the general insurance business from a Malaysian company as part of a broader expansion in Asia. Fairfax plans to use its subsidiary The Pacific ...
Internet of Things Fuels Billions in Tech M&A Deals
Investment in the fast-growing market for Internet-connected devices gathered pace this year and is set to attract more top U.S. technology and telecoms buyers of firms active in the market, a report ...
AIG Bailout Lawsuit Closing Arguments Expected This Spring
Hank Greenberg's legal assault on the U.S. government and the terms imposed in its 2008 bailout of American International Group Inc. brought a parade of financial crisis superstars to a Washington ...
Cyber Thiefs are Stealing Corporate Secrets to Game the Stock Market
Security researchers say they have uncovered a cyber espionage ring focused on stealing corporate secrets for the purpose of gaming the stock market, in an operation that has compromised sensitive ...
Swiss Re: Emerging Markets to Push 2015 Premium Growth
Global non-life insurance direct premiums will grow moderately over the next few years, Swiss Re predicts in a new report. A surging emerging market is expected to generally balance out stagnant and ...
Airbnb will Offer Its U.S. Hosts a $1M Insurance Liability Program
Airbnb will roll out a $1 million insurance program designed to address liability concerns about its business, which helps connect homeowners and renters around the world with travelers seeking a ...
Report: AIG Wants At Least $450M For Luxury South Korean Hotel
AIG Global Real Estate, a unit of American International Group Inc., is seeking at least $450 million from the sale of a luxury hotel in the South Korean capital, people with knowledge of the matter ...
Toronto, Worried About Safety & Liability, Seeks Uber Shut-Down
Toronto is asking a court to order the mobile car-booking service Uber Technologies Inc. to shut down in North America's fourth-largest city. Uber has been operating in Toronto since 2012 without a ...