Government
Stanford Case Triggers Supreme Court Clash Over Securities Laws
The U.S. Supreme Court debated the reach of the federal securities laws, questioning whether investors can sue law firms and outside companies for their alleged roles in R. Allen Stanford's $7 ...
Moody’s: China’s P/C Insurers to Benefit from Shanghai Free Trade Zone
The new Shanghai free trade zone should benefit property/casualty insurers, particularly those in marine/cargo and liability insurance, according to Moody's Credit Outlook. On Sept. 29, the date that ...
Experts See U.S. Default As Financial Apocalypse
Anyone who remembers the collapse of Lehman Brothers Holdings Inc. little more than five years ago knows what a global financial disaster is. A U.S. government default, just weeks away if Congress ...
World Bank: Poor Countries Should Manage Risk, Expand Insurance to Grow
Developing countries should be more willing to take risks that have the potential to spur growth, the World Bank said in a report. While disregarding risk can lead to economic disaster, too much fear ...
EU-U.S. Split Over Financial Regulation As Government Shutdown Delays Trade Talks
Even before the cancellation of the latest round of EU-U.S. talks, negotiations to create the world's largest free-trade deal were getting into difficulty territory. France won a concession to leave ...
Adobe Says Source Code, Customer Data Stolen By Hackers
Adobe Systems Inc. said on Thursday that hackers had stolen source code to some of its most popular software and data about millions of its customers. Security experts worry about the theft of source ...
California Gives Immigrants Driver’s Licenses
Gov. Jerry Brown signed a bill Thursday adding California to the growing list of states allowing immigrants living in the country illegally to obtain driver's licenses. Immigrant advocates have long ...
BlackBerry Faces Class Action Shareholder Lawsuit
A class action lawsuit has been filed against BlackBerry by a shareholder claiming the company misled investors about its future, including how the BlackBerry 10 smartphone line would fare against ...