Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Marsh Acquires Cosmos Services, a U.S. Brokerage Unit of Itochu Corp.
Apr 2 2012 // Marsh, a wholly-owned subsidiary of New York-based Marsh & McLennan Companies, acquired Cosmos Services (America) Inc., the U.S. insurance brokerage subsidiary of global trading firm Itochu Corporation. Terms of the...
FDA Denies Ban on Chemical BPA Used in Baby Bottles, Food Packaging
Apr 2 2012 // U.S. health regulators denied a request to ban a chemical used in water bottles, soup cans and other food and drink packaging, saying there is not enough scientific evidence it may cause harm. The U.S. Food and Drug...
Appeals Court Hears Fraud Claim Against Goldman, TCW Over CDOs
Apr 2 2012 // A U.S. appeals court was asked on Friday to decide whether Goldman Sachs Group Inc. and TCW Asset Management Co. should have foreseen the housing market implosion that caused a $37 million loss for German state-owned...
AmWins Reportedly for Sale; CEO DeCarlo Says Firm is Recapitalizing
Apr 2 2012 // The owners of AmWINS Group Inc., the largest wholesale insurance broker in the United States by premiums placed, have put the company up for sale, expecting a valuation of about $1.5 billion, three people familiar with the...
Business Moves
Apr 2 2012 // Aon Aon Corp. stockholders voted overwhelmingly in favor of the proposal to approve the previously announced change in corporate domicile of the parent company of the Aon group of companies from Delaware to the United...
Securities Fraud Settlements in 2011 Were Lowest in Decade
Apr 2 2012 // Angry investors are seeing far fewer financial benefits from lawsuits accusing corporate America of securities fraud, but may be on the cusp of a turnaround. The number and size of securities fraud settlements that won...
BP Claims U.S. Hiding Evidence on Size of Gulf Oil Spill
Mar 30 2012 // BP Plc has accused the U.S. government of withholding evidence that may show the 2010 Gulf of Mexico oil spill was smaller than federal officials claimed, a key issue in determining the oil company’s liability. A...
MasterCard Reports Possible Security Breach
Mar 30 2012 // MasterCard Inc., the world’s second-largest debit and credit card company, said it was extending its zero-liability policy for cardholders in the United States to include all PIN-based and ATM transactions. The move...
Ex-Mine Chief Pleads Guilty in West Virginia Blast
Mar 30 2012 // The former superintendent of the West Virginia mine where 29 workers died in a 2010 explosion pleaded guilty on Thursday to a federal conspiracy charge that he tipped off employees to safety inspections. Gary May, 43, is...
Judge Won’t Dismiss Massey Shareholder Suit Over Safety
Mar 30 2012 // A federal judge refused Wednesday to dismiss a lawsuit by former Massey Energy shareholders who say they were deliberately misled about the company’s safety record before the Upper Big Branch mine disaster in West...
FDA Steps Up Scrutiny of Metal Hip Implants
Mar 30 2012 // The U.S. Food and Drug Administration responded to mounting concerns about the safety of metal-on-metal hip implants, saying it would subject the devices to a two-day expert review that could lead to rigorous new...
Nike Wins Court Order Halting Sale of Tebow Apparel by Reebok
Mar 30 2012 // Nike Inc. has won a court order blocking rival Reebok International Ltd. from selling New York Jets apparel bearing the name of the popular quarterback Tim Tebow, in a battle over licensing rights. The order issued late on...
Insurance Claims Firm Cunningham Lindsey Put Up for Sale
Mar 29 2012 // Cunningham Lindsey, an insurance claims management company controlled by buyout firm Stone Point Capital LLC, is up for sale and could fetch more than $1 billion, sources familiar with the situation said. Bank of America...
Supreme Court Limits Pilot’s Damages in HIV Privacy Claim vs. Government
Mar 29 2012 // The U.S. Supreme Court ruled on Wednesday that a pilot from San Francisco, whose status as HIV-infected was disclosed by one federal agency to another one in violation of a privacy law, cannot sue for damages for mental...
Lloyd’s Posts $822 Million Overall Loss for 2011
Mar 28 2012 // The loss, announced today by Lloyd’s of London, shows just how severe the second costliest year for catastrophes on record for the insurance industry actually was. Lloyd’s announced a loss of £516 million...
Supreme Court Hears More Healthcare Law Arguments
Mar 28 2012 // The fate of President Barack Obama’s healthcare overhaul will be on the line on Wednesday when the U.S. Supreme Court considers whether the entire law must fall without its centerpiece insurance mandate. Completing...
$370 Billion Econ. Losses for 2011; $116 Billion Insured, Says Swiss Re
Mar 28 2012 // Although everyone is more or less aware that 2011 was a very bad year for losses from natural catastrophes, the figures compiled by Swiss Re evince just how bad they actually were. In its latest sigma study the reinsurer...
It’s Tsunami Preparedness Week, Now Go Sell a Policy
Mar 27 2012 // It’s Tsunami Preparedness Week, and that means states that border the Pacific Ocean may be hearing more buzz about the rare but deadly act of nature that poses catastrophic risks to coastal regions. If you’re...
How AIG Will – or Won’t – Generate a Bailout Profit for Taxpayers
Mar 27 2012 // CEO Bob Benmosche says U.S. taxpayers will earn up to $10 billion on the $182 billion rescue of American International Group, the insurance company he runs. Of course, that depends on how one defines...
Supreme Court Gets Florida Dispute Over Vessel vs. Floating Home
Mar 26 2012 // Court documents refer to it as “that certain unnamed gray, two-story vessel approximately 57 feet in length.” To Fane Lozman, it was a floating Florida home never intended to sail the seas. Now, a long-running...
