Europe’s debt troubles could undermine its currency, White House Economic Adviser Paul Volcker said Thursday. Volcker, a former Federal Reserve chairman and a widely respected economist, told students at the London School of Economics that it was difficult to have …
The five-category system that describes a hurricane’s strength and the havoc its winds could bring to the U.S. has been updated for the 2010 storm season. Gone from the Saffir-Simpson Hurricane Wind Scale are estimates for storm surge and inland …
The UK’s Prudential Plc is expected to outline divestments of some Asian assets in its upcoming rights offering prospectus in an effort to appease shareholder concerns about its planned AIA acquisition, a source familiar with the process told Reuters on …
Crude from the massive Gulf of Mexico oil spill could eventually slosh ashore on Miami Beach or North Carolina’s barrier islands, if it connects with a powerful sea current, an oceanographer said Tuesday. Robert Weisberg, a physical oceanographer at the …
National Australia Bank, which has seen its $13 billion takeover bid for AXA Asia Pacific Holdings Ltd blocked by the competition regulator, is preparing to sell some assets to appease the government watchdog, two sources said. NAB, staring at an …
Transocean Ltd, owner of the Deepwater Horizon rig that exploded and sank last month killing 11 people, wants to limit its liability for the accident to about $27 million, according to a U.S. court filing Thursday. With analysts anticipating many …
Ronald Polkey, a sun-weathered shrimp boat captain from the Louisiana resort and fishing hub of Grand Isle, La., should be out on the water working his nets to bring in a day’s catch. But with most of the region’s shrimping …
Marsh’s London office announced that it has appointed Martyn Denney to the newly-created role of Networks Leader. He will be responsible for the strategic development and positioning of Marsh’s broker network propositions in the UK. “These include Marsh ProBroker and …
California Insurance Commissioner Steve Poizner is gaining ground on his Republican opponent Meg Whitman in the primary race for state governor. With one month until votes are counted, SurveyUSA’s latest tracking poll shows former eBay CEO Meg Whitman receiving 39 …
Alterra Capital Holdings Limited announced the closing of a “merger of equals” between Max Capital Group Ltd. and Harbor Point Limited, following the receipt of all necessary regulatory approvals, as well as approval of the transaction by the respective shareholders …
