The Supreme Court said Monday it would decide when U.S. laws against securities fraud apply to transnational securities dealings, specifically involving a case about a shareholder lawsuit against National Australia Bank Ltd and its former U.S. mortgage unit. The justices …
International insurance broker Arthur J. Gallagher & Co. reported it has acquired Shuford Insurance Agency, Inc. in Concord, North Carolina. Terms of the transaction were not disclosed. Founded in 1938, Shuford Insurance Agency, Inc. is an independent insurance agency offering …
Canada’s Sun Life Financial Inc. said Thursday it is seeking acquisitions to expand its U.S. insurance business but believes organic growth is the better way to gain market share in mutual funds. Sun Life, the fifth-largest insurer in North America …
The U.N. environmental chief called on rich nations Thursday to pledge $10 billion a year for three years at next month’s Copenhagen summit to help poor states begin to tackle the impact of climate change. Yvo de Boer, head of …
Two former auditors of Parmalat SpA agreed to pay $15 million to settle a class-action lawsuit by U.S. equity investors over their roles in the Italian dairy company’s 2003 collapse. Deloitte Touche Tohmatsu will pay $8.5 million and Grant Thornton …
Ohio Attorney General Richard Cordray has filed a lawsuit against national securities and credit ratings agencies Standard & Poor’s, Moody’s and Fitch over what the AG’s office called “false and misleading” securities information. The lawsuit, filed in United States District …
Chubb Group recently co-hosted a seminar near Shanghai, which focused on the “increasing number of Chinese exports exposed to product liability claims and litigation in the United States and Europe.” As a result presenters called for Chinese companies to make …
Senator Barbara Boxer Tuesday predicted that the United States will not reach a consensus on carbon emission reduction goals for 2020 in time for December’s international global warming summit in Copenhagen. Boxer, who chairs a Senate environmental panel, cited disagreements …
The imperative of greater global currency stability means the world can no longer rely, as it has done since the end of the gold standard, on a currency issued by a single country, the head of the IMF said on …
U.S. President Barack Obama and other world leaders on Sunday supported delaying a legally binding climate pact until 2010 or even later, but European negotiators said the move did not imply weaker action. Some argued that legal technicalities might otherwise …
