Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Oracle Suffers Setback in Java Copyright Battle Against Google
Jun 1 2012 // A U.S. judge dismissed Oracle Corp.’s copyright claims against Google Inc. for parts of the Java programming language, knocking out Oracle’s prime vehicle for damages in a high stakes legal battle over...
Wells Fargo Looking to Buy Insurance Brokers: CEO
May 31 2012 // Wells Fargo & Co., which has been renewing its appetite for acquisitions lately, is interested in buying insurance sales businesses, its chief executive said on Thursday. “I love the insurance distribution...
Prudential Buying U.S. Life Insurance Business from Swiss Re
May 31 2012 // Britain’s No.1 insurer Prudential Plc on Thursday said it will buy life insurer SRLC America Holding Corp. from Swiss Re AG for 398 million pounds in cash. It said the purchase would be made through...
Many Gray Areas in Legal Arguments Over Botched Faceook IPO
May 30 2012 // Facebook’s initial public offering has sparked lawsuits and investigations after a botched trading debut on the Nasdaq stock market delayed the completion of many orders and questions arose about selective...
BofA Whistleblower to Receive $14.5M in Mortgage Case
May 30 2012 // A former home appraiser will receive $14.5 million as part of a whistleblower lawsuit that accused subprime lender Countrywide Financial of inflating appraisals on government-insured loans, his attorneys said Tuesday. Kyle...
Dewey & Leboeuf Files for Chapter 11 in Record U.S. Law Firm Collapse
May 29 2012 // The crippled law firm Dewey & Leboeuf LLP filed for chapter 11 bankruptcy protection Monday night and will seek approval to liquidate its business after failing to find a merger partner, marking the biggest collapse...
Fallout from Dewey Law Firm Collapse Hits Insurers, Other Clients
May 29 2012 // For eight years, hundreds of victims of militant attacks in Israel have pursued litigation against a Jordanian bank they claim provided financial services to Hamas and other militant groups. Now the plaintiffs have a new...
Ex-General Re, AIG Execs May Settle Criminal Case
May 29 2012 // Four former executives at Berkshire Hathaway Inc.’s General Re Corp. and one at American International Group Inc. are in talks to settle a long-running criminal case accusing them of engineering a reinsurance...
ACE USA Enhances International Casualty Coverage
May 25 2012 // ACE USA, the U.S.-based retail operations of the ACE Group, has enhanced its international casualty coverage, ACE ATLAS CMP. The coverage is specifically designed to provide coverage for U.S.-based multinational...
U.S. Insurers Have Capacity to Provide 2012 Hurricane Coverage: Fitch
May 25 2012 // Sufficient capacity remains available in the insurance and reinsurance markets to meet the demand for coverage prior to the approaching U.S. hurricane season, according to Fitch Ratings. Early forecasts for the 2012 U.S....
How States Rank in Injury Prevention
May 24 2012 // On a set of 10 steps states can take to prevent injuries , 24 states scored a five or lower. Two states, California and New York, received the highest score of nine out of a possible 10, while two states scored the lowest,...
MetLife to Shift U.S. Business, Target Global Growth
May 24 2012 // MetLife Inc. will change `its product mix in the United States and push harder for growth in international markets to substantially boost returns by 2016, the largest U.S. life insurer said on Wednesday. MetLife also said...
Frank Crystal & Co. Launches Marine Insurance Practice
May 23 2012 // Frank Crystal & Co., an independent insurance brokerage firm, has formed an exclusive cooperation with P.L. Ferrari & Co. to launch a new U.S.-based marine insurance practice. A European-based insurance broker...
AIA Calls for More International Market Access for U.S. Insurers
May 23 2012 // The American Insurance Association has issued a statement, which points out several instances of a “disconnect between the continued significant global insurance capacity and a strong demand for insurance products...
Xchanging Expands to U.S. Market
May 23 2012 // London-based Xchanging, a business process outsourcing company, has plans to expand its insurance offering to the North American market. The expansion will be led by Domenick DiCicco who was appointed as head of...
U.S. SEC Dealt Blow in Financial Crisis Case
May 23 2012 // The U.S. Securities and Exchange Commission was dealt a setback in its cases tied to the financial collapse when a federal judge dismissed large parts of its case against former executives at failed mortgage lender IndyMac...
False Damage Claims Lead to Jail Time for Texas Couple
May 22 2012 // A North Texas couple have been sentenced to prison for their part in a conspiracy to defraud the city of Garland, Texas, of nearly $2 million by filing fraudulent damage claims against the municipality. Kenneth Wayne...
Gucci Wins Fraction of Damages Sought in Trademark Claim Against Guess
May 22 2012 // A U.S. judge said Gucci may recover just $4.66 million in its lawsuit accusing apparel retailer Guess Inc. of copying its trademarked designs, a small fraction of the more than $120 million sought by the Italian luxury...
Senate Passes Tougher Iran Sanctions
May 22 2012 // The U.S. Senate unanimously approved on Monday a package of new economic sanctions on Iran’s oil sector just days ahead of a meeting in Baghdad between major world powers and Tehran. The sanctions add to a raft of...
OECD Sees Euro Zone Crisis Threatening Global Economic Recovery
May 22 2012 // The United States and Japan are leading a fragile economic recovery among developed countries that could yet be blown off course if the euro zone fails to contain its flaring growth crisis, the OECD said on Tuesday. In its...
