The blame game for the recent British Petroleum (BP) oil rig accident and subsequent oil spill is just getting started as are the insurance implications of this disastrous event, according to underwriters and other observers. “It’s going to take several …
Attorneys for Ronnie Lymas go to the Mississippi Supreme Court on June 8 hoping to resurrect a $4.1 million jury verdict vehemently opposed by dozens of trade associations and Republican Gov. Haley Barbour. Critics say Lymas is not legally entitled …
Small U.S. business owners are slightly less pessimistic about their outlook, and in the face of continuing weak sales do not plan to boost capital spending or employment, a monthly survey of small businesses showed. The National Federation of Independent …
A $1 trillion global emergency rescue package to stabilize the euro reversed the slide in world financial markets on Monday but left longer-term questions about whether Europe’s weakest economies can manage their debt. The plan, hammered out by European Union …
Warren Buffett’s Berkshire Hathaway Inc. Friday reported its largest quarterly profit since 2007, helped by an improving economy, investment and derivative gains, and the takeover of Burlington Northern Santa Fe Corp. First-quarter net income was $3.63 billion, or $2,272 per …
The Colorado Senate Judiciary Committee last night defeated a bill that would have limited the use of surveillance of employees who have submitted a workers’ compensation claim. Among other things, HB 1012, would have restricted video surveillance to only when …
Former Treasury Secretary Henry Paulson admitted on Thursday the United States was ill-prepared for the financial crisis that struck in 2008 and said he had not foreseen the depth of mortgage-related problems. The gravel-voiced former Goldman Sachs head said he …
German Chancellor Angela Merkel and the head of the IMF warned of financial contagion on Wednesday unless a euro zone debt crisis is stopped in Greece, while investors fled to the safe havens of the dollar and gold. Greek public …
Democrats fought to push their Wall Street reform forward in the U.S. Senate on Wednesday, slating more votes despite Republican resistance on a bill that is expected to pass within weeks. The chief negotiators for both parties agreed on Tuesday …
A Midwest regional business conditions index slipped last month but still suggests a growing economy in the months ahead. A report on the Midwest Business Conditions survey of supply managers and business leaders in a nine-state region was released May …
