Thirteen companies, a record number, have joined controversy-stirring Wal-Mart Stores Inc. in the pipeline for approval from federal regulators to establish a special kind of bank, agency records show. The companies, which include The Home Depot Inc. and Warren Buffett’s …
American International Group Inc., one of the nation’s largest insurers, is sparring again with its former chairman, Maurice “Hank” Greenberg. AIG announced that it is canceling its “agency arrangement” with the American International Marine Agency, a subsidiary of the Greenberg-controlled …
If investors think they’re safe from the scandal involving the suspicious timing of executive stock option grants, they may want to consider this: Even if they aren’t invested in companies caught up in that mess, it could still cost them …
Jardine Lloyd Thompson Group plc, the U.K.’s largest broker, has issued a brief statement confirming that it is in discussions with the Heath Lambert Group concerning a possible offer. JLT said the “discussions are at an early stage and may …
A four-car subway train flew off the rails Monday July 3 in Valencia, Spain, killing 41 passengers and the driver, and leaving at least 45 people injured, 12 of them seriously. Excessive speed is the most likely cause of the …
Almost 10 months after it was filed, Massachusetts Insurance Commissioner Julianne M. Bowler on June 30 disapproved the 12.5 percent average homeowners insurance rate increase submitted by the Massachusetts Property Insurance Underwriting Association (known as the Fair Plan). The filing …
Health care reform quietly began in Vermont over the weekend although it’ll be a while before it makes a difference at a doctor’s office or a hospital emergency room. With Saturday’s start of the state’s new budget year, taxes for …
The federal government has approved nearly $14 million in grants and loans for New Ham[pshire residents and businesses hit by flooding in May. Since President Bush signed off on a disaster declaration for six of the state’s counties, more than …
Owners of dangerous dogs face tougher penalties and adults who serve booze to underage guests are targeted under new state laws taking effect in Virginia. Although the 2006 General Assembly was dominated by a budget impasse that pushed the state …
The Jackson County, Miss. Port Authority plans to sue its former insurance carrier. Port commissioners have authorized attorney John Hunter to sue Arch Specialty Insurance to try to settle unresolved claims of about $5 million in storm damage to the …
