Markets
Visa CFO Says Industry Fraud Costs to Soar as Hackers Innovate
Payment networks, retailers and banks will continue to face significant costs to address fraud as hackers find new ways to steal data, according to Byron Pollitt, chief financial officer of Visa Inc. ...
Guy Carpenter Promotes Reina to CEO, Continental Europe & MENA
Guy Carpenter & Co. on Wednesday announced that Massimo Reina has been promoted to the position of CEO of Continental Europe and MENA, with immediate effect. He succeeds Peter Stubbings, who has ...
Judges Rules in Favor of Chevron on $9.5B Pollution Damage Award; Says Lawyer Tactics Fraudulent
Steven Donziger, the Harvard-educated lawyer who has waged a two-decade battle against Chevron Corp over pollution in the Amazon jungle in Ecuador, is not one to accept defeat quietly. Hours after a ...
Cyber Attacks Increasing, Costing Millions, Straining Internet
Crashing websites and overwhelming data centers, a new generation of cyber attacks is costing millions and straining the structure of the Internet. While some attackers are diehard activists, ...
AIG Appoints Smith COO of Commercial Insurance
American International Group Inc. on Tuesday announced senior leadership changes in its commercial insurance business, naming Michael Smith to the role of chief operating officer. In addition, James ...
Apollo, CVC Planning IPO of Insurer Brit Group
Brit Insurance Holdings B.V., a Lloyd's of London insurer owned by Apollo Global Management LLC and CVC Capital Partners Ltd., is planning an initial public offering in London next month. A minimum ...
Supreme Court Expands Sarbanes-Oxley Whistleblower Shield
The U.S. Supreme Court expanded the reach of a federal law enacted in response to the 2001 Enron Corp. collapse, saying it protects people who work for a public company's contractors, including law ...
High Court to Determine Fate of Securities Class Actions
In a case eagerly watched by publicly traded companies regularly sued by investors, the U.S. Supreme Court will on Wednesday consider overruling a 26-year-old precedent that made it easier for ...