News
Records Reveal Fed Difficulty During Heat of 2008 Financial Crisis
Federal Reserve policymakers, in a tense meeting on one of the darkest days of the financial crisis, worried Lehman Brothers' failure would wreak havoc on a teetering financial system but feared ...
Falling Prices Advantage Large Reinsurers, Pressure Smaller Firms
A slump in reinsurance prices is playing to the strengths of the biggest global reinsurers, while piling pressure on smaller competitors to diversify or consolidate. Reinsurers, which help insurers ...
Republican Plan Includes Asset Tax for Largest Insurers, Banks
The biggest U.S. banks and insurance companies would have to pay a quarterly 3.5 basis-point tax on assets exceeding $500 billion under a plan to be unveiled this week by Congress's top Republican ...
Rolls-Royce Drone Ships Promise Safer, Cheaper Cargo Industry
In an age of aerial drones and driverless cars, Rolls-Royce Holdings Plc is designing unmanned cargo ships. Rolls-Royce's Blue Ocean development team has set up a virtual-reality prototype at its ...
Zynga Shareholder Suit Dismissed
Zynga Inc. has won the dismissal of a lawsuit in which shareholders accused the online gaming company of fraudulently misleading them about its financial and business prospects before and after its ...
U.S. Government Looking to Boost Energy Infrastructure Amid Shale Boom
The Obama administration will look for ways the federal government could spur investment to improve infrastructure for transporting oil and natural gas supplies around the country, U.S. Energy ...
Supreme Court Allows Consumer Class Actions to Move Forward in Whirlpool, Sears Case
The U.S. Supreme Court gave consumers a victory on Monday by allowing them to proceed with class-action lawsuits alleging that millions of front-loading washing machines they bought suffered from ...