Giant retailer Wal-Mart Inc., telecommunications company AT&T Inc. and coal power companies came out the big winners in the Supreme Court’s just-ended term that rejected large lawsuits against them. The high court threw out the largest sex-discrimination lawsuit in U.S. …
Nearly two-thirds of mid-size U.S. companies expect higher profits in the next 12 months, and many plan to borrow more and increase hiring and investment, according to a survey by JPMorgan Chase & Co. The survey highlights one of the …
Arlene, the first tropical storm of the North Atlantic hurricane season, churned through the southwestern Gulf of Mexico Tuesday but looked set to spare Mexico’s oilfields from a direct hit. The storm had maximum sustained winds of 40 miles per …
Bank of America Corp. is close to a deal to pay $8.5 billion to settle claims from a group of powerful investors that lost money on mortgage-backed securities, a person familiar with the matter said Tuesday. The deal could embolden …
Insurers do not expect interest rates to rise materially in the next year or so, leading them to look for alternatives to improve returns and manage risk, the head of the world’s largest asset manager for insurance companies said Tuesday. …
Commercial property/casualty insurance prices are stabilizing, with 70 percent of buyers expecting at least flat rates after years of declines, Barclays Capital said Tuesday. The firm’s survey of 50 large buyers showed insurers are more disciplined, with multiyear deals absent …
Finance chiefs from the United States and India pledged on Tuesday to continue efforts to open up India’s financial, retail, manufacturing and infrastructure sectors to competition but offered no specific measures to boost access for American firms. Wrapping up annual …
Pennsylvania Gov. Tom Corbett has signed legislation that is one of his top priorities, a bill that limits the liability for negligence of defendants in some civil court cases. The state House voted 116-83 on the bill on Monday of …
Accounting issues remain a formidable obstacle facing private sector investors currently considering the French banking sector’s plan for restructuring Greek government debt. The plan’s focus was initially on how to avoid triggering credit default swaps written on Greece, and preventing …
AXA UK has announced that it will no longer accept referral fees from personal injury lawyers and has issued a call for whiplash injury reform to eliminate fraud within the industry. The announcement noted that the company “has been a …
