U.S.
Court Clarifies Rule on Unpaid Internships
Unpaid internships are legal when they are closely tied to interns' educations, a U.S. appeals court in Manhattan said on Thursday in reversing a decision that Fox Searchlight Pictures Inc. broke the ...
Fracking Officially Banned in New York, Ending Seven-Year Review
New York formalized its ban on high-volume hydraulic fracturing for natural gas on Monday, concluding a seven-year environmental and health review that drew a record number of public comments. "After ...
Disney Joins Tourist Sites Banning Selfie Sticks
Walt Disney Co. started banning selfie sticks at its theme parks around the world, joining a growing list of attractions that restrict the camera accessories for safety reasons. As of last Tuesday, ...
Big ACE-Chubb Deal Drives ‘Feverish’ Merger Speculation
Evan Greenberg just took dealmaking to the next level. The chief executive officer of property/casualty insurer ACE Ltd. on Wednesday announced a $28 billion deal for rival Chubb Corp. It's the ...
Chubb CEO Finnegan Eligible for $93M Severance If Let Go After ACE Sale
Chubb Corp. Chief Executive Officer John Finnegan could walk away with at least $92.7 million if he's terminated after ACE Ltd. acquires the company. Finnegan, who's run the insurer since late 2002, ...
Hortica to Become a Member of Sentry Insurance Group
Sentry Insurance announced that it has finalized an affiliation agreement with Hortica Insurance, a leading insurer in the floral industry, to make Horton a member of Sentry Insurance Group. The ...
Delaware Bans ‘Loser Pays’ Fee Shifting in Class Actions
Delaware's governor has signed into law a ban on companies adopting rules that could force investors who bring and lose certain lawsuits to pay the company's legal costs, disappointing business ...
Breaking News: ACE to Acquire Chubb in $28.3 Billion Deal
In a major transaction, ACE Limited has agreed to acquire The Chubb Corp. for $28.3 billion in cash and stock. The two firms said the combined company will have complementary businesses, skills and ...