News
Analysis: Weak Yen Trend To Slow; Wary Japan Insurers Take Stock Of “Abenomics”
The yen has quickly dived to near three-year lows, but one Japanese sector with serious currency clout has yet to be heard: big insurers who control a combined $2 trillion in assets. Conventional ...Gupta Must Repay $6.22 M To Goldman Sachs For Legal Expenses, Rakoff Rules
On Monday, a federal judge ordered former Goldman Sachs Group Inc. director Rajat Gupta to reimburse $6.22 million to help the Wall Street bank cover its legal expenses related to his criminal ...
White House To Revive Push For Cyber Security Legislation
A senior adviser to President Barack Obama said the White House will soon renew efforts to push cybersecurity legislation through Congress, although he foresees an uphill battle given the failure of ...Huge Protest Vote Leaves Italy Facing Deadlock
A huge protest vote by Italians enraged by economic hardship and political corruption left the euro zone's third-largest economy facing a dangerous vacuum on Monday after an election in which no ...Trial Over Deepwater Horizon Disaster Under Way; BP In Court For Biggest U.S. Oil Spill
A long-awaited trial over the biggest U.S. offshore oil spill began on Monday, with governments, businesses and individuals blaming BP Plc mostly for the 2010 disaster that killed 11 rig workers and ...QBE Cuts Dividend, Reports Lower Than Expected Profit
QBE Insurance, Australia's biggest insurer, posted a lower-than-expected 8 percent rise in full-year net profit due to high claims for accidents and adverse U.S. weather, prompting it to slash its ...Tower Group Reports Fourth-Quarter Loss
More than $80 million of after-tax net losses from Superstorm Sandy drove bottom-line red ink at New York-based Tower Group, Inc., which reported a net loss of $52.1 million, or $1.36 per share, for ...