U.S.
JPMorgan Hit by U.S. Bribery Probe into Chinese Hiring
U.S. authorities have opened an investigation into whether JPMorgan Chase & Co hired the children of powerful Chinese officials to help it win business in China, according to the New York Times. ...
U.S. Asks for Reversal of Ruling That Bernanke Must Testify in AIG Suit
The U.S. Justice Department on Friday asked an appeals court to reverse a judge's ruling last month that Federal Reserve Chairman Ben Bernanke must testify in a lawsuit about American International ...
Blackstone in Talks to Buy Stake in Goldman’s U.K. Insurer: Source
Blackstone Group LP, the world's biggest private-equity firm, is in talks to buy a stake in Goldman Sachs Group Inc.'s European insurance business, according to a person with direct knowledge of the ...
Markel Bets on Homebuilding, Acquires Virginia’s Eagle Construction
Markel Corp., the insurer that bought Alterra Capital Holdings Ltd., acquired Eagle Construction of Virginia in a bet on residential development in its home state. Eagle will be the 14th company in ...
Penn State Settles First of Sandusky Sex Abuse Lawsuits
Pennsylvania State University agreed to settle the first of 31 suits filed in the sex-abuse scandal involving ex-football coach Jerry Sandusky, with about 25 more set to settle, lawyers in the ...
Study Points To Post-Katrina Strengths, Challenges
Recovery after Hurricane Katrina has been a major reason for a doubling of construction jobs around New Orleans, a new study shows. That's one of many positive post-Katrina economic signs as the ...
Classic-Auto Values Rise 54% Reviving Detroit Repair Shops, Specialty Insurance Market
In car-crazy Detroit, a booming auto industry means more than a paycheck and benefits. For thousands of people who make their living off of cars, it also means again having the cash to baby their ...
Will BP’s Hard-Line Legal Tactics Backfire?
BP's hard-line legal tactics aimed at capping the financial blowout from the 2010 Gulf of Mexico oil disaster will backfire, according to Joe Rice, negotiator of last year's settlement on behalf of ...