March 10- A federal jury ordered PNC Bank to pay $391 million in damages for its role in an alleged insurance scam involving prepaid funeral contracts at the now-defunct National Prearranged Services. PNC Bank is the successor to Allegiant Bank, which served as a trustee for the company from 1998 to 2004.. Reuters could not immediately reach PNC Bank for comment...» Read More
The U.K. and U.S. governments spent millions stockpiling a flu drug that is no better than paracetamol, according to a new report.
Moves by Indonesia's President Susilo Bambang Yudhoyono to put his finance minister in charge of the central bank is leading to concerns that he may be seeking someone more malleable to run the state coffers in the run up to next year's elections.
Taiwan's columbaria products and funeral services provider Lung Yen Life Service, which recently invested $40 million to set up a subsidiary in China, has an analyst bullish on its future earning prospects.