Latest USA Headlines

All the headlines from our USA Topic Page, ordered by recency.

2010 Ends with a Bang

Jan 24 2011 // Following a year of historically low merger and acquisition (M&A) activity in 2009, market, economic and political dynamics fueled the fourth most active year of M&A activity in the past 11 years, and the busiest...

It Figures

Jan 24 2011 // $6.8 Billion A decline in both real and nominal GDP, a rising unemployment rate and decreasing tort activity as a result of a lower level of economic activity helped drive tort costs down by 2.7 percent, or $6.8 billion,...

Chinese Drywall Makers Won’t Compensate U.S. Homeowners

Jan 24 2011 // The U.S. has failed to persuade Chinese makers of defective drywall to compensate American homeowners, in a dispute that threatens to mar strained trade ties.The failure to persuade about 13 makers of contaminated drywall...

Investor Suit Against Bear Stearns, Auditor to Proceed

Jan 24 2011 // Plaintiffs in one of the biggest U.S. investor lawsuits stemming from the financial crisis got a boost from a judge, who said a case against fallen investment bank Bear Stearns and its outside auditor, Deloitte &...

Panel on BP Oil Spill Calls for Tougher Oversight

Jan 24 2011 // A White House panel probing BP’s massive oil spill has called for an overhaul of a regulatory system that was “entirely unprepared” for disaster and outlined stringent, new oversight, a plan sure to face...

People

Jan 24 2011 // National wholesale broker USG Insurance Services, Inc. has added Jason Holloman as a property broker specializing in large commercial and catastrophe-exposed risks. He will be based in USG’s office outside...

Auditors Successful in Defending Against Investor Lawsuits

Jan 24 2011 // Investors looking to pin blame on auditors for failing to flag risks ahead of the credit crisis are having a hard time getting their cases to stick.All of the “Big Four” auditors have been sued by investors who...

Cyber Guerillas Present Security Risk with Unpredictable Attacks

Jan 21 2011 // If anyone needed proof that cyber activists can create havoc in the real world, the last few weeks have provided evidence in megabytes.Rallying behind WikiLeaks, the thousands of internet activists who made headlines in...

Republican Strategy: Prune Obamacare ‘Branch by Branch’

Jan 20 2011 // Republicans in the U.S. House of Representatives Thursday launched a plan to replace President Barack Obama’s healthcare overhaul “branch by branch” with measures they say would bring down soaring...

House Passes Repeal of Healthcare Law

Jan 20 2011 // The Republican-led U.S. House of Representatives passed legislation that would repeal President Barack Obama’s landmark healthcare reform law Wednesday in a mostly symbolic move likely to be scuttled in the...

Qantas Aiming to Settle with Rolls-Royce over A380 Engine Failure

Jan 20 2011 // Australia’s Qantas Airways is working towards a commercial settlement with Rolls-Royce over last year’s mid-air engine explosion, its chief executive said, as the airline rebuilds its image tarnished by the...

U.S. Lays Out Factors to Designate Risky Firms

Jan 19 2011 // U.S. regulators proposed using six different factors Tuesday to help them gauge when a non-bank financial firm poses risks to the system and merits additional oversight.The Financial Stability Oversight Council agreed in a...

Firms Vulnerable In Corrupt Practices Crackdown

Jan 19 2011 // Authorities have been escalating their campaign against corruption in the last few years, resulting in a sharp spike in enforcement actions in the United States and the enactment of a new anti-bribery law in the United...

Senator Targets Workers’ Compensation Pay to Elderly Federal Employees

Jan 18 2011 // More than 1,000 federal workers aged 80 and older are receiving workers’ compensation benefits even though they likely have no intention of returning to work, according to a U.S. senator who wants to reduce the waste...

U.S. Opens Product Safety Office in China

Jan 18 2011 // The U.S. Consumer Product Safety Commission will set up its first office outside the United States in China in a bid to reduce the amount of dangerous products reaching the American market.Commission head Inez Tenenbaum...

Catlin U.S. Completes Purchase of Blue Ridge Insurance

Jan 18 2011 // The Bermuda-based Catlin Group Limited has purchased Blue Ridge Insurance Co. (BRIC) from the QBE Insurance Group.Catlin will rename BRIC as Catlin Indemnity Co. and expects to begin writing business through this company...

House to Vote on Healthcare Repeal Next Week

Jan 14 2011 // The U.S. House of Representatives will resume action next week on repealing President Barack Obama’s landmark healthcare overhaul, a House Republican spokesman said Thursday.The House had been expected to act this...

Small Businesses in Hiring Mood? It’s Hard to Figure

Jan 13 2011 // U.S. small businesses appear to be on the cusp of a mini hiring revival that may be a bit stronger than the Labor Department’s data suggests.Three sets of private sector surveys released this month showed a pick-up...

Study Says Climate Change Link in Hurricane Losses Decades Away

Jan 13 2011 // Tropical cyclones are expected to cause more damage in the United States and Asia but it could be more than a century before insurers can point to climate change as a factor in losses from storms, scientists say.In a study...

JPMorgan, Morgan Stanley Pitch for AIG Share Sale

Jan 13 2011 // Some of the United States’ top bankers descended on a law firm in midtown Manhattan Thursday to pitch for what could be one of the largest share sales in history — a secondary offering for bailed-out insurer...