U.S.
NYC’s World Trade Tower Opens 40% Empty in Revival: Real Estate
The first skyscraper at lower Manhattan's World Trade Center is set to open with two days of ceremonies to mark the renewal of the area after its destruction by terrorists. When the fanfare subsides, ...
Freddie Mac Turns to Arch Capital to Increase Risk-Sharing Efforts
Freddie Mac bought insurance covering a portion of losses on a pool of home loans from Arch Capital Group Ltd.'s Arch Reinsurance Ltd. unit, expanding risk-sharing efforts by the government-backed ...
Esurance Bets on Bundling Home, Auto Coverage Amid GEICO Rivalry
Esurance, the online car-insurance seller owned by Allstate Corp., is betting that bundling auto and home policies will help it compete with Berkshire Hathaway Inc.'s GECIO unit and Progressive Corp. ...
U.S. Authorities Probing NY SEC Staff Investments
Federal prosecutors and the office of the inspector general of the U.S. Securities and Exchange Commission have contacted some employees in the SEC's New York office in a probe of possibly improper ...
Moody’s, S&P and Fitch Sued Over Failed Bear Stearns Funds
The liquidators of two Bear Stearns hedge funds filed a lawsuit on Monday against the three major U.S. rating agencies, accusing them of fraudulently assigning inflated ratings to securities in the ...
Chicago Bonds Hold Up in Light Trading After Downgrade
U.S. municipal bonds issued by Chicago held up in light trading on Monday even as the city's debt suffered another triple-notch ratings downgrade on mounting concerns about its public pension ...
Swaps Regulation Could Impact Insurers’ Risk Management, Ratings: S&P
A Dodd-Frank provision regulating derivatives could improve insurers' risk management and have a minor impact on ratings, according to analysts at Standard & Poor's. In response to the financial ...
Liberty Suing Texas Brine over Louisiana Sinkhole
One of the insurers for Texas Brine Co. has filed a lawsuit accusing Texas Brine of ignoring warnings about the potential for disaster if it continued mining an Assumption Parish, La., salt dome ...