Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Survey Finds World Business Leaders Back More Regulation
Nov 12 2008 // Business leaders around the world back greater regulation in response to the global financial crisis, a survey showed on Wednesday, with support strongest for curbs on credit rating firms, hedge funds and structured...
AIG Outlines Revised Bailout Plan
Nov 10 2008 // American International Group, Inc. (AIG) today announced agreements with the U.S. Treasury and the Federal Reserve to establish a durable capital structure for AIG, and facilities designed to resolve the liquidity issues...
AIG Reworks Bailout; Fed Ups Support to $150B, Lowers Interest Rate
Nov 9 2008 // The U.S. government dramatically boosted its bailout of insurer American International Group Inc. and eased the terms of its loans to the company on Monday after an initial rescue plan failed to stabilize the...
Insurers Advised to Get Federal Funds By Applying for Bank Charter
Nov 9 2008 // U.S. insurance companies trying to get access to government funding can apply for a bank or thrift charter at the same time as they apply for a cash infusion under the U.S. government’s $700 billion financial...
Taxpayers on Hook for Mortgage Executives’ Legal Defense Costs
Nov 7 2008 // When the U.S. government took over mortgage giants Fannie Mae and Freddie Mac, taxpayers inherited more than just bad debts. They’re also potentially on the hook for tens of millions of dollars in legal fees for the...
Ex-New York Gov. Spitzer Will Not Face Sex Ring Charges
Nov 6 2008 // U.S. prosecutors in New York said Thursday they would not seek criminal charges against former New York Gov. Eliot Spitzer for his involvement in a prostitution ring that led to his resignation. Spitzer, who stepped down...
U.S.-Mexico Cross Border Trucking Project Extended for Two More Years
Nov 5 2008 // The U.S. Department of Transportation recently extended for two years the cross-border trucking demonstration project, a reciprocal agreement that allows up to 100 Mexico-domiciled motor carriers to operate beyond the U.S....
World Leaders Urge Obama to Shape New Economic Order
Nov 5 2008 // Political leaders urged U.S. President-elect Barack Obama on Wednesday to help forge a new economic order and lead the world out of its worst financial crisis since the 1930s. Excitement about the election of Democrat...
Industry Can Expect Change Whether Obama or McCain Wins
Nov 4 2008 // As Democratic presidential candidate Barack Obama comes down the homestretch leading Republican rival John McCain, corporate America is bracing for what lies beyond the finish line. After the election Tuesday, major...
Drugmakers’ Bid for Lawsuit Limits Heard by U.S. Supreme Court Today
Nov 3 2008 // The Supreme Court hears arguments Monday in a closely watched case that could limit liability claims against drugmakers if one of their medicines causes harm. The case pits drug giant Wyeth against a guitarist who lost...
It Figures
Nov 2 2008 // 6 The owner of a Little Rock, Ark., insurance company was sentenced to six years in prison on a federal fraud conviction, the Associated Press reported. Frank Whitbeck, was ordered to pay $3.8 million restitution and was...
Willis Report: California May See Less Shaking in Earthquake
Nov 2 2008 // Ground view of collapsed building and burned area as a result of an earthquake at Beach and Divisadero, Marina District. Photo courtesy of C.E. Meyer, U.S. Geological Survey. California buildings are less likely to shake,...
Foreclosed Residential Projects
Nov 2 2008 // When It’s Broken, How Do We Fix It? Halloween has come and gone, but modern-day ghost towns continue to haunt the U.S. landscape. After nearly a decade of exponential growth, developers and homebuilders have seen the...
Commercial P/C Insurers’ Stocks Down 14%; M&A Activity at Historic Highs
Nov 2 2008 // Stock Prices: The turbulent stock market is not sparing commercial property/casualty insurers. Through the first nine months of the year stocks are down 14 percent in the sector. M&A Activity: Despite the current...
Ex-CEO Greenberg Warns AIG Running Out of Time to Be Saved
Oct 31 2008 // Maurice “Hank” Greenberg, the former American International Group Inc. chief executive, says the terms and conditions surrounding a government rescue loan are pushing the insurer closer to collapse with each...
Ace CEO Says Insurers Wrong to Seek Taypayer Funds
Oct 30 2008 // Evan Greenberg, Ace Limited’s CEO, chided insurers asking to take part in a plan that could see government take stakes in ailing financial institutions, saying the motivation is not real need but access to...
Ironshore’s President, Chief Underwriter Resigns
Oct 30 2008 // Les Rock, president and chief underwriting officer of Ironshore Insurance Ltd., has resigned effective Oct. 31, 2008 for personal reasons. Howard Barnes, Peter Coleman and Rod Todd will continue to underwrite property...
China Says Greenhouse Gas Emissions Catch up with U.S.
Oct 29 2008 // China’s greenhouse gas emissions have caught up with the United States and will not fall any time soon, a top Chinese official said on Wednesday, while warning of a huge economic blow from global warming. The...
Wall Street Marks Grim Anniversary of 1929 Crash
Oct 29 2008 // Wall Street’s struggle to recover from this month’s devastating drop is coinciding with the anniversary of another dark period for the stock market — the crash of 1929. The dramatic selling of Oct. 28-29...
Aspen to Release Q3 Earnings Today; Conference Call Details
Oct 29 2008 // Bermuda’s Aspen Insurance Holdings Limited will release its third quarter 2008 financial results today, Wednesday, October 29, 2008, following the close of U.S. markets. The Company will hold a conference call to...
