U.S.
US Auto Industry Preview: June Sales Harken Back To Pre-Recession Levels
U.S. car dealers like Don Kerstetter have every reason to be happy these days as the industry is partying like it's 2007—facing demand not seen since before a recession that drove General Motors ...
FASB Proposes Better Disclosure Of Going Concern Doubts; Seeks Comment
Last week, the Financial Accounting Standards Board issued a proposal aimed at improving disclosures of uncertainties related to an organization's ability to continue as a going concern. The proposed ...
Progressive, USAA Enter License Agreement for Usage-Based Insurance
Progressive Insurance announced Friday that it is entering into a licensing agreement with United Services Automobile Association for intellectual property related to usage-based car insurance ...
The Hartford Selling U.K. Variable Annuity Biz To Berkshire
The Hartford announced today that the company has signed a definitive agreement to sell its subsidiary, Hartford Life International Limited (HLIL), in a cash transaction to Columbia Insurance ...
‘Green’ Energy Hasn’t Bloomed For Investors—Yet
The term "green energy" refers to the benign environmental impact of fuel sources, such as wind and solar, that President Barack Obama promoted in a speech on Tuesday. It does not refer to that ...U.S. First-Quarter Growth Cut To 1.8 Percent
U.S. economic growth was more tepid than previously estimated in the first quarter, held back by a moderate pace of consumer spending, weak business investment and declining exports. Gross domestic ...
Colleges Could Face Lawsuits Following Supreme Court Affirmative Action Ruling
The U.S. Supreme Court's decision on affirmative action may force universities to re-examine their admissions policies and face waves of litigation about race-based admission. In a 7-1 ruling Monday, ...BP Steps Up Spill Payments Protest With Ad Campaign
BP has stepped up its campaign for a revision of the way compensation for its 2010 Gulf of Mexico oil spill is calculated by placing advertisements in leading newspapers ahead of a July 8 appellate ...