Government
Fiat Chrysler Ordered to Pay $70M Over Auto Safety Reporting Lapses
The U.S. Department of Transportation said Thursday it is fining Fiat Chrysler Automobiles NV $70 million for failing to report vehicle crash deaths and injuries since 2003. The Italian-American ...
Some European Bond Investors Risk $1 Trillion Liability
Another year, another thing for investors in Europe to worry about. The Bank Recovery and Resolution Directive, part of the regulatory changes since the 2008 financial crisis, comes fully into force ...
EU Explores Creation of Cross-Border Car Insurance/Pension Market
Creating a pan-European retail market in car insurance and pensions largely hinges on whether 500 million consumers will go online to widen their choice of products, the EU's executive body said on ...
U.S., Cuba Begin Hashing Out Billions in Claims Against Each Other
Cuban and U.S. officials on Tuesday will begin to untangle one of the most complex obstacles to normalization of relations between the two countries: the claims of Americans whose property was ...
The U.S. and China Will Expand a Planned Cybercrime Crackdown
U.S. and Chinese officials have agreed to expand cooperation to crack down on cybercrime as China's state- run news agency said a hacking attack on the U.S. Office of Personnel Management was carried ...
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 ...