Government
Anadarko Petroleum Must Pay Nearly $160M for 2010 Gulf Spill, Below U.S. Wishes
Anadarko Petroleum Corp. was ordered to pay almost $160 million for its role as part-owner of the doomed Gulf of Mexico well that in 2010 caused the biggest offshore oil spill in U.S. history. The ...
AIG-Style Bailouts Restricted Under New Fed Rules
The Federal Reserve took the final step to ensure it can't repeat the extraordinary steps taken to rescue American International Group Inc. and Bear Stearns Cos. in 2008, adopting formal restrictions ...
Parisian Businesses Can Seek Help from Terrorism Reinsurance Fund
Parisian businesses struggling after the Nov. 13 attacks are likely to be able to make successful insurance claims, helped by a state-backed fund set up in the wake of the Sept. 11 2001 attacks in ...
Proposed Solvency Rules Give Lloyd’s, Other British Insurers Key Exemption
Britain's biggest insurers will be exempt from having their most important indicator of financial health externally audited under proposals issued by the Bank of England on Friday. New European Union ...
Federal Reserve Closing the Door on AIG-Style Bailouts
The Federal Reserve is on the verge of relinquishing the tools it used to rescue American International Group Inc. and Bear Stearns Cos. That probably won't appease lawmakers who've said they're ...
Jury Verdict: Ernst & Young Liable for Madoff Losses
Ernst & Young LLP was found liable on Friday by a Washington state jury for the losses of an investment firm from the collapse in 2008 of fraudster Bernard Madoff's multibillion dollar Ponzi ...
New York Regulators Urge State/Fed Cooperation on Financial Sector Cyber Defenses
New York regulators are considering a host of cyber security requirements for banks and insurers and urged other state and federal authorities to collaborate on establishing a framework of defenses ...
Apple Win: Judge Tosses Suit Over Retail Worker Bag Searches
Apple Inc. persuaded a judge to throw out a lawsuit by employees of the company's retail stores in California seeking back pay for time spent in "demoralizing" security searches when they left work ...