Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Danske Bank’s Money Laundering Could Implicate Other Banks: Whistleblower Lawyer
Nov 15 2018 // Danske Bank’s 200 billion euro ($225 billion) money laundering scandal might be the “tip of the iceberg” and investigators should examine whether major Western banks played a role, a lawyer for the...
U.S. Multinationals Flee No-Tax Caribbean Havens, in Favor of Low-Tax Havens
Nov 15 2018 // Many U.S. multinational corporations have packed up or are choosing to open subsidiaries in low-tax, rather than no-tax, countries that are seen as more legitimate than the formerly popular island destinations of the...
Global Regulators Delay, Rethink ‘Too-Big-to-Fail’ Designation for Insurers
Nov 15 2018 // Global insurance regulators will put off singling out insurers deemed so important to the financial system that they are required to hold extra capital, in a victory for companies such as American International Group and...
Bipartisan Senate Bill Would Regulate Proxy Advisors
Nov 15 2018 // Six U.S. senators on Wednesday introduced a bill that would require the U.S. securities watchdog to directly regulate firms such as Glass, Lewis & Co and Institutional Shareholder Services, which advise investors on...
Anxious Farmers Look to Lame Duck Congress to Pass Safety Net Farm Bill
Nov 13 2018 // U.S. soybean farmer Mike Schlosser does not expect President Donald Trump’s trade war with China, the single biggest headwind to his business, to end any time soon. But he is among many in farm country who expect at...
U.S. Pilots Maintain Boeing Never Warned of System Linked to 737 Crash in Indonesia
Nov 13 2018 // Two U.S. pilots’ unions say the potential risks of a safety feature on Boeing Co.’s 737 Max aircraft that has been linked to a deadly crash in Indonesia weren’t sufficiently spelled out in their manuals...
SEC to Revisit ‘Proxy’ Voting Favored by Investors Raising Social, Climate Issues
Nov 9 2018 // The U.S. securities regulator is set to review this month rules on corporate democracy, setting it up for a clash with investors who worry the agency will side with companies to diminish voting rights on charged issues...
Allianz’ Q3 Net Profit Surges 24% to €1.94B (US$2.2B)
Nov 9 2018 // Allianz is “highly likely” to reach the upper half of its 2018 profit target range, Chief Financial Officer Giulio Terzariol said as the German insurer cited lower costs and claims in its third quarter results...
Tallying Losses from October’s Global Catastrophes
Nov 8 2018 // October was a deadly and costly month due to natural catastrophes, with the the U.S. and Europe being hit particularly hard, according to Aon’s Impact Forecasting. Total U.S. economic losses from October’s...
Girls to Face Boys in a Federal Trademark Suit Over ‘Scout’ Term
Nov 7 2018 // A year after the Boy Scouts of America announced it would admit girls, the Girl Scouts of the United States of America punched back Tuesday with a federal trademark lawsuit seeking to block the boys group from rebranding...
AIG Winds Down Iran Business It Acquired Along With Validus
Nov 7 2018 // American International Group Inc. is exiting business activities in Iran that came with a subsidiary it acquired and which now butt up against the sanctions against Iran that have been reimposed by the Trump...
Run-Off Venture SOBC Darag Completes First Acquisition of Florida Auto Insurer Peachtree
Nov 7 2018 // SOBC DARAG, the joint venture formed between SOBC, the US-based run-off specialist, and DARAG, the leading legacy acquirer, has completed of its first acquisition of Peachtree Casualty Insurance Co. of Florida. The...
HDI Adds to U.S. Engineering Lines & Construction Division in Chicago
Nov 6 2018 // HDI Global Insurance Co., headquartered in Chicago, has expanded its Engineering Lines & Construction Division with several new hires. John Sprague has been appointed senior construction liability underwriter. He will...
Motel 6 Pays $7.6M to Settle Class Action Over Giving Guest Lists to Immigration Agents
Nov 6 2018 // Motel 6 will pay up to $7.6 million to Hispanic guests to settle a proposed class-action lawsuit claiming that it violated their privacy by regularly providing guest lists to U.S. Immigration and Customs Enforcement (ICE)...
Data Recorder Shows Crashed Boeing 737 Max Had Airspeed Issues on Last 4 Flights
Nov 6 2018 // The Lion Air plane that crashed in the Java Sea last week had faulty airspeed readings during its last four flights and Indonesian investigators called on planemaker Boeing Co. and U.S. authorities to ensure there...
U.S. Agencies Split Over Cell Phone Cancer Risk
Nov 6 2018 // Two U.S. government agencies are giving conflicting interpretations of a safety study on cell phone radiation: One says it causes cancer in rats. The other says there’s no reason for people to worry. No new research...
U.S. Reimposes Iranian Sanctions, Hitting Insurance, Shipping, Energy, Banking
Nov 5 2018 // The U.S. reimposed sanctions on Iran’s critical oil industry Monday, raising pressure on the Islamic Republic to scale back its ballistic missile program and involvement in conflicts across the Middle East. The...
A.M. Best Downgrades Ratings of Tokio Millennium Re, Puts RenRe Under Review
Nov 5 2018 // A.M. Besthas downgraded the financial strength rating to A+ (Superior) from A++ (Superior) and the long-term issuer credit rating to “aa-” from “aa+” of Tokio Millennium Re AG (TMR) (Switzerland)....
Pressure’s on the Trucking Sector
Nov 5 2018 // The transportation industry is considered a barometer of the U.S. economy. If freight is trending up, so too is the U.S. economy. But capacity constraints for trucking – including a shortage of qualified drivers, low...
U.S. Lawsuit Accuses Walmart of Bias Against Pregnant Employees
Nov 5 2018 // Walmart is again being accused of violating federal law by failing to accommodate workers’ pregnancy-related medical restrictions. According to a lawsuit that was brought by the federal Equal Employment Opportunity...
