Allstate Corp. reported that its profit more than doubled in the fourth quarter thanks to lower catastrophe losses and improved homeowners business. The big insurance company posted a fourth quarter net profit of $724 million compared to a fourth quarter …
A South Carolina company’s lawsuit accusing a former employee of costing it hundreds of thousands of dollars in lost business when he took Twitter followers can go forward, a federal judge has ruled. On Monday, San Francisco-based U.S. Magistrate Judge …
Haiti and the neighboring Dominican Republic could be in for a period of periodic powerful earthquakes, according to a recent scientific study. The study says Haiti’s 7.0-magnitude earthquake two years ago is likely to be the first of several quakes …
Korea Life Insurance Co. Ltd said on Thursday that it is reviewing the feasibility of bidding for ING Groep NV’s Asia-Pacific insurance operations. The potential $6 billion deal is also expected to attract the interest of major overseas and local …
An Eastman Kodak employee filed a civil lawsuit against Kodak’s board members and other fiduciaries of the photography companies’ retirement plans, saying they breached their duties as the company was spiraling toward bankruptcy. Mark Gedek, who continues to work at …
Japanese governor Tokihiro Nakamura believes nuclear power is vital for the resource-poor land, but even he says the central government must put safety pledges in writing before he’ll agree to restart off-line reactors — a sign of the tough battle …
Wall Street’s own watchdog filed a complaint against Charles Schwab Corp. on Wednesday accusing the online brokerage of requiring customers to waive their rights to pursue class actions against the firm, a violation of industry rules. The Financial Industry Regulatory …
At least a half-dozen major U.S. companies whose computers have been infiltrated by cyber criminals or international spies have not admitted to the incidents despite new guidance from securities regulators urging such disclosures. Top U.S. cybersecurity officials believe corporate hacking …
They say it’s a game, but it’s really a lot more than that. For football fans, the Super Bowl is every holiday rolled into one, especially when their teams have made the big game. The stuff that dreams are made …
The risk to public health from a severe nuclear power plant accident in the United States is “very small” because reactor operators should have time to prevent core damage and reduce the release of radioactive materials, U.S. nuclear regulators said …
