News
Supreme Court Direction Unclear On Genetic Drug Patent Case
U.S. Supreme Court justices on Monday signaled uncertainty over how they would rule on whether brand-name drug companies can settle patent litigation with generic rivals by making deals to keep ...
Cyprus Deal Drives Up Insurance Costs on European Bank Debt
The cost of insuring European bank debt against default jumped on Monday after a senior EU official said the bailout of Cyprus could be used as a template for resolving bank problems elsewhere. The ...
Esurance, Walmart Team Up for Auto Insurance Discount Program
Esurance is launching a pilot program offering auto insurance discounts to customers at select Walmart stores in Illinois. Through the pilot program, drivers may obtain a savings card from Esurance ...Financial Services Firms Back Consumer Chief Cordray If Congress Reforms Bureau
The Financial Services Roundtable says it will support the confirmation of Richard Cordray to lead the Consumer Financial Protection Bureau (CFPB), provided Congress makes changes to CFPB's ...SEC Approves Compensation for Facebook IPO Losers
U.S regulators on Monday approved a plan to compensate market makers who lost money in a botched Facebook Inc. public offering in May on the Nasdaq exchange. Nasdaq, a unit of Nasdaq OMX Group Inc., ...UK Weighs Immigration Insurance for ‘High Risk’ Visitors
Those wanting to see Big Ben better make sure they've got some cash on hand if they're visiting from a "high risk" country. British deputy leader Nick Clegg said his government is studying the idea ...IMF to Cut 2013 U.S. Growth Forecast: Report
The International Monetary Fund (IMF) is planning to cut its U.S. growth forecast for this year due to higher taxes and spending cuts, Italian news agency ANSA said, citing a draft of the IMF's next ...
Bankers Personally Liable for Sanctions Violations: U.S. Treasury
The U.S. Treasury Department plans to hold bankers personally responsible and subject them to fines when their banks help countries such as Iran evade economic sanctions. The shift is in line with ...