U.S.
Insurers Welcome New York Court’s Reversal in K2 Breach Liability Case
Insurance trade groups are welcoming the New York Court of Appeals' reversal of its June 11, 2013, decision on K2 Investment Group, LLC v. American Guarantee & Liability Insurance Co., a case ...
Business Wire to Stop Selling Direct Access to High-Frequency Traders
Business Wire will no longer let high-frequency trading companies buy potentially market-moving press releases directly from the Berkshire Hathaway unit. In consultation with billionaire investor ...
Federal Reserve Releases Transcripts from 2008 Financial Crisis Meetings
The board of governors of the Federal Reserve System has released transcripts, presentations and other historical materials from the Federal Open Market Committee meetings of 2008 that took place ...
What Might Happen If El Nino Returns
Global cocoa prices have rallied to 2-1/2-year highs on worries El Nino could return in 2014, while other agricultural commodity markets could also be hit by the spectre of the weather anomaly. El ...
Greenberg’s Post-AIG Conglomerate: a Mini Berkshire Hathaway?
Since his ouster from American International Group Inc. in 2005, Maurice "Hank" Greenberg has been quietly building an insurance and investment conglomerate that people close to him describe as a ...
Vermont Hopes LIMA Law to Attract Runoff Business Mirrors Success of Captives
A new law in Vermont would soon authorize the state to license and regulate specialized Vermont-based companies whose only purpose would be to assume and manage closed blocks of non-admitted ...
Meditation Good for Business Executives, Not Just Monks: Third Point’s Loeb
Daniel Loeb, the billionaire founder of activist hedge-fund firm Third Point LLC, said spirituality is good for business. "Meditation, contemplation -- it's not just for monks and hermits," Loeb, 52, ...
AIG Loses Bid to Delay BofA $8.5 Billion Mortgage Settlement
Bank of America Corp.'s $8.5 billion settlement with mortgage-bond investors won't be delayed after American International Group Inc. and other objectors asked for a hearing to address loan ...