Markets
China’s Anbang Insurance to Pay Nearly $2B for Waldorf Astoria Hotel
Hilton Worldwide Holdings Inc., the world's largest publicly traded hotel operator, agreed to sell the landmark Waldorf Astoria hotel in Manhattan to China's Anbang Insurance Group Co. for $1.95 ...
Guy Carpenter to Broker Business Cyber Privacy Coverage
Guy Carpenter & Company LLC said it brokered a new cyber privacy and network protection coverage targeted to small-and medium-sized companies, a move that comes as cyber security violations are ...
Ex-Treasury Secretary Talked With China About 2008 Financial Bailout
Henry Paulson, the former treasury secretary, said he talked with China about helping bail out financial firms in 2008, in the first discussion of the rescue scheme in a court with two other plan ...
JPMorgan Cyber Attacks Sign That Rate of Trouble Will Increase
Tom Ridge, the first homeland security chief under President George W. Bush, says companies face more risk of cyber attacks similar to those that struck JPMorgan Chase & Co., Home Depot Inc. and ...
Ebola Disrupts Some of Exxon Mobil’s West Africa Operations
Exxon Mobil Corp has seen some of its oil and gas activities in West Africa disrupted by the Ebola outbreak, including plans to drill offshore Liberia, the company's chief executive officer said on ...
AmTrust Closes Deal to Snatch Up Florida WC Insurer
AmTrust Financial Services has closed its purchase of a workers compensation insurer—a subsidiary of Blue Cross & Blue Shield of Florida (Florida Blue)—right according to plan. AmTrust still ...
Data Theft from 76 Million Homes Enabled by JPMorgan Password
Hackers exploited an employee password to crack a JPMorgan Chase & Co. server and ultimately pull off one of the largest cyber-attacks ever, accessing data on 76 million households and 7 million ...
USAA Wants to Survey Disaster Site Damage With Drones
United Services Automobile Association, the provider of insurance to military families, is seeking permission to use unmanned drone aircraft to survey damage at disaster sites. USAA requested ...