New York City’s pension funds on Monday became the latest group to file a derivative lawsuit against Wal-Mart Stores Inc. based on reported allegations of bribery in Mexico and a possible cover-up by Wal-Mart officials. The suit, filed in Delaware …
Directors of Allergan Inc. must face a lawsuit over $600 million in fines the company paid for misbranding its Botox treatment to smooth out wrinkles, a Delaware judge ruled, in a decision that could affect securities litigation in that state. …
Despite a popular belief that spending on lobbyists and political gifts yield fat dividends for business, a study has found just the opposite – that in general higher corporate spending in Washington is linked to worse market performance. Researchers from …
A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Iowa-based Toyota Motor Insurance Company. Best said the revised outlook “reflects TMIC’s continued …
A.M. Best Europe – Rating Services Limited has removed from under review with negative implications and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of Allianz Risk Transfer AG (ART), which is …
The United States extended exemptions from its tough, new sanctions on Iran’s oil trade to seven more economies on Monday, leaving China the last remaining major importer exposed to possible penalties at the end of the month. In the latest …
Tightening fiscal integration in the euro zone and surrendering more sovereignty in the name of deeper cooperation between member states may be possible only in the medium term, the EU’s top economic official said on Monday, dampening expectations of a …
UnitedHealth Group Inc., the largest U.S. health insurer by market value, said it would maintain the health coverage protections included in President Barack Obama’s healthcare law regardless of how the Supreme Court rules on the legislation. The Supreme Court is …
Fathers of America, you may consider yourselves indispensable, but a new survey says you’re only worth about one-third as much as mom around the house. In fact, you are not even keeping up with inflation. Insurance news and data website …
A Maine man recently convicted of federal gun charges has pleaded no contest in state court to insurance fraud charges for burning down his house.Joseph T. Smith of Township 6 pleaded no contest last week to a charge of theft …
