News
Court Date Coming For U.S. Gulf Coast Oil Spillers
Nearly three years after a deepwater well rupture killed 11 men, sank a rig and spewed 4 million barrels of oil into the Gulf of Mexico, BP and the other companies involved are scheduled to face ...
U.S. Drought Expected To Spread In California, Florida This Year: Government Forecasts
The historic U.S. drought of 2012 could spread this spring to more of California and southern Florida, balancing improvement expected in the upper Midwest and parts of the South, government climate ...
Insurance has always been about helping people and businesses navigate uncertainty. While most insurance policies cover familiar exposures like property,...
Citigroup Bows To Shareholder Pressure, Overhauls Pay
Citigroup Inc. said on Thursday it has overhauled an executive pay plan that shareholders rejected last year as overly generous, revising it to tie bonus payments more closely to stock performance ...
AIG 4th Quarter Operating Results Beat Expectations
Insurer American International Group Inc. reported fourth-quarter results that beat Wall Street expectations, although Chief Executive Robert Benmosche said some employee bonuses will be smaller this ...
AIG Is The New Apple Of Hedge Fund Managers’ Eyes: Report
American International Group has replaced Apple Inc. as the hedge fund industry's favorite stock, according to a Goldman Sachs Group analysis of fourth-quarter regulatory filings. The American ...Singapore’s Economic Outlook Cautious Despite Q4 Recovery
The outlook for Singapore's economy is "cautiously positive", the government said on Friday, reiterating its growth forecast of 1-3 percent for this year after fourth quarter and 2012 gross domestic ...Munich Re Warrants Performance of Xicato’s LED Light Modules
Munich Re has introduced insurance coverage with the U.S. lighting company Xicato that includes five-year performance guarantee on its LED modules for color consistency and lumen maintenance. Munich ...California Commissioner Fingers State Farm, 7 Other Insurers for Iran Investments
California Insurance Commissioner Dave Jones on Wednesday singled out eight insurers licensed to do business in the state that continue to have investments tied to Iran's energy, military and nuclear ...