News
Mumbai Building Collapse Kills 61, Injures 31 as Search Ends
As many as 61 people were killed and 31 injured in a building collapse in India's financial capital Mumbai, as two days of rescue work ended today, Vijay Khabale Patil, a spokesman for the Municipal ...Preview: BP Battles for Billions in New Gulf Trial Phase
BP will battle to hold down fines that could hit $18 billion in a new phase of the Gulf of Mexico trial that will rule on how much oil it spilled in 2010 and judge its efforts to plug its well. ...
Mississippi Sues Federal Government to Stop Flood Insurance Rate Increases
The Mississippi Department of Insurance has filed a lawsuit against the federal government to try to block rates from increasing Oct. 1 in the National Flood Insurance Program. State Insurance ...
CFO Pay Change Lags CEOs’ for Non-Bank Financial Services Firms: BDO Analysis
Chief financial officers of non-bank financial services firms saw lower percentage increases in compensation than chief executives in 2012, although the pay hikes for both C-suite positions were ...
Federal Trade Commission Moves Closer to Studying ‘Patent Trolls’
The U.S. Federal Trade Commission on Friday took another step toward a comprehensive study of "patent trolls" - companies in the business of buying and asserting patents - to see if they are hurting ...
Insurers’ Private Wildfire Crews Offer Wealthy Homeowners Extra Protection
Bill Potter wasn't eager to abandon his high-end house last month during evacuations forced by a massive Idaho wildfire, but he felt reassured when his insurance company sent a team to protect his ...
U.S. Federal Housing Administration to Tap $1.7B in Taxpayer Funds
The U.S. Federal Housing Administration (FHA) said on Friday that it will draw $1.7 billion in cash from the U.S. Treasury to help cover losses from troubled loans, marking the first time in its ...
La. Treasurer Suggesting State-Run Flood Insurance
Seeking a way to ease skyrocketing federal flood insurance rates, Treasurer John Kennedy suggested Wednesday that Louisiana should consider getting in the business of offering flood insurance ...