News
Congressmen Warn Credit Raters Against Repeating History on CDOs
The top executives of Standard & Poor's, Moody's Investors Service and Fitch Ratings were warned by three members of Congress against granting inflated grades to the same type of securities that ...
What Should Carrier Execs, Directors Ask About Terror Risk?
As carrier executives and members of carrier boards work to get more comfortable with the risks their property/casualty insurance enterprises are taking on, one risk they will likely want to ...
As Sharing-Economy Cos. Go Mainstream, Cities, Insurers Grapple With New Issues
A few years ago, renting out a spare room via the lodging website Airbnb bordered on daring. Now, in thousands of cities around the world, it seems almost conventional. But as the founders of the ...
Ebix’s Raina Loses Magic Touch As U.S. Probes Accounting
Robin Raina always had the magic touch, or so it seemed until Wednesday, when the disclosure of a U.S. criminal probe of his software company's accounting practices blew up a proposed $820 million ...
Analysis: Big Business The Winner In U.S. Supreme Court Class Action Cases
In a series of rulings this year, the U.S. Supreme Court has steered a consistent course against consumers or small businesses that want to bring class action lawsuits against corporate defendants. ...Former Enron CEO Skilling’s Sentence Cut To 14 Years
A federal judge slashed 10 years off of his prison sentence of former Enron Corp Chief Executive Jeffrey Skilling on Friday, a decision that could set him free as early as 2017. U.S. District Judge ...
Facebook Admits Year-Long Data Breach Exposed 6 Million Users
Facebook Inc. has inadvertently exposed 6 million users' phone numbers and email addresses to unauthorized viewers over the past year, the world's largest social networking company disclosed late ...
Payrolls Increased In 33 U.S. States In May Led By Ohio, Texas
Payrolls climbed in 33 U.S. states in May while the unemployment rate dropped in 25, showing employers are looking beyond fiscal headwinds to boost hiring. Ohio posted the largest gain in payrolls, ...