Citigroup has agreed to pay Enron Corp creditors $1.66 billion as the final part of a settlement of a lawsuit over banks’ responsibility in the energy trading firm’s downfall, a group representing creditors said Wednesday. The group said that in …
Maybe, just maybe, the financial world is not about to implode. Such is the level of disaster mongering surrounding the latest phase of the eight-month-old credit crisis that you could be forgiven for thinking we will all soon be hoarding …
Less than a week before historic auto insurance reform takes effect in Massachusetts, one of the insurers is urging Bay State auto insurance policyholders to use caution when using consumer web sites, saying many sites provide insufficient information to motorists …
Families of those killed in the Virginia Tech shootings have until March 31 to say whether they’ll accept a settlement that would include $100,000 each and the chance to question the governor and university officials about the shooting, a victim’s …
Maine contractors who work in more than one town will have a unified building code to follow rather than rules that vary from one community to another, if a bill before a legislative committee becomes law. The Business, Research and …
The Supreme Court this week let stand a federal policy that allows employers to reduce their health insurance expenses for retired workers once they turn 65 and qualify for Medicare. The justices turned down an appeal by the 39-million-member AARP …
The brother of a construction worker killed when a New York crane collapsed has filed notice that he plans to sue the city for $30 million for his brother’s wrongful death. The notice of claim filing Monday by Christopher Canzona, …
New York’s new governor, who disclosed last week that he and his wife both committed adultery several years ago, said that he used cocaine in his 20s and smoked marijuana when he was younger. In reference to cocaine, Gov. David …
Police in Montpelier, Vermont have identified 61 victims in the case of a property management company that suddenly went out of business, but no charges have been brought. Tenants, landlords, contractors and others who are owed money by Parkside Property …
The Chartered Insurance Institute (CII) added its voice to the growing calls on the UK government to follow through on its proposed reforms to the personal injury compensation system. The CII joined the Association of British Insurers (ABI), the Confederation …
