Government
ACE/Chubb Merger Plan Clears Federal Antitrust Regulatory Hurdle
ACE's planned $28 billion acquisition of Chubb cleared a major milestone necessary to meet a hoped-for completion of the deal in the 2016 first quarter. Specifically, the U.S. Federal Trade ...
Insurers Face Major Exposure to Climate Change Risks: Bank of England Governor
Bank of England Governor Mark Carney said UK insurers face potentially "huge" exposure to shifts in climate-change policy and Group of 20 nations need to do more to combat associated financial ...
Russian National Sentenced in ‘Citadel’ Malware Cyber Crime Scheme
A Russian national was sentenced on Tuesday to 4-1/2 years in U.S. prison for using sophisticated malware known as "Citadel" to steal banking information from thousands of computers, authorities ...
Lloyd’s Chairman Nelson Faults Businesses for Too Much Focus on Profit
Lloyd's of London Chairman John Nelson criticized the business community, saying companies are too focused on profit and are at risk of eroding the trust of the public and regulators. Nelson, ...
Bayer Prevails in FTC Dietary Supplement Contempt Case
Bayer AG prevailed in a lawsuit filed by the U.S. Federal Trade Commission that accused the drugmaker's U.S. unit of making unsubstantiated claims about a dietary supplement marketed to promote ...
Sources: Volkswagen Managed Faked Emissions Test Results From Germany
Volkswagen AG executives in Germany controlled the key aspects of emissions tests whose results the carmaker now admits were faked, according to three people familiar with the company's U.S. ...
NSA Chief Questions Viability of Cyber-Weapons Treaty
Achieving a multinational arms-control treaty governing the use of cyber-weapons may be impossible because groups unaffiliated with governments wouldn't honor it, Admiral Michael Rogers, the director ...
Opinion: Putting a Price Tag on Volkswagen’s Emission-Fraud Liability
An $18 billion liability figure attached itself last Friday to Volkswagen's diesel disaster. This morning comes news that the German car maker has set aside $7.3 billion (€6.5 billion) to cover a ...