Global property and casualty insurer Ace Ltd. says it may exclude Ebola coverage from some of its general liability policies. The Swiss company said Tuesday that it is making the decision on a "case by case" basis for new and renewal policies for U.S.-based companies and organizations that travel or have operations outside the U.S. While Ace may be the first to...» Read More
*Sunni Islamists strengthen grip on northern Iraq. NEW YORK, June 16- Brent crude oil futures rose on Monday as advances by Sunni insurgents in Iraq fueled concerns over a potential disruption to oil exports from OPEC's second-largest producer.
New York, June 16- The chief of the Financial Industry Regulatory Authority, Wall Street's self-regulator, said on Monday he is worried about investors continuing to stretch for yield by going with complex products that sometimes carry high commissions.
June 16- Software maker Nuance Communications Inc has held talks with potential buyers for its sale, the Wall Street Journal reported, citing people familiar with the matter. The company, whose software powers the Siri feature on Apple Inc's iPhones, recently spoke to Samsung Electronics Co and some private equity firms for a possible deal, the Journal said.
WASHINGTON, June 16- For 15 years, Massachusetts has been the most economically evolved U.S. state, according to an index released on Monday by the Information Technology and Innovation Foundation. California, Washington, Maryland, Colorado, Virginia, Connecticut, Utah and New Jersey rounded out the top 10 states.
WASHINGTON/ BUENOS AIRES, June 16- The U.S. Supreme Court declined on Monday to hear Argentina's appeal over its battle with hedge funds that refused to take part in its debt restructurings, an unexpected move that risks toppling Latin America's No 3 economy into a new default.
*USDA crop ratings expected to be bearish for corn, soybeans. CHICAGO, June 16- Chicago Board of Trade corn futures dropped 1.3 percent on Monday on expectations of a robust U.S. harvest this fall due to good crop weather across the U.S.
TORONTO, June 16- The Quebec government said on Monday it was seeking some C $409 million from Montreal, Maine and Atlantic, the insolvent rail operator at the center of the rail disaster in the town of Lac Megantic last year.
June 16- Software maker Nuance Communications Inc is in talks with potential buyers for its sale, the Wall Street Journal reported, citing people familiar with the matter. The company, whose software powers the Siri feature on Apple Inc's iPhones, recently spoke to Samsung Electronics Co and some private equity firms for a possible deal, the Journal said.
*Medtronic to buy Covidien for $42.9 bln. *U.S. considering talks with Iran over Iraq. NEW YORK, June 16- U.S. stocks edged higher on Monday afternoon, reversing a midday dip, supported by a flurry of merger news, but the advance was limited as investors kept a close watch on rising oil prices caused by turmoil in Iraq.
June 16- Fifty Sherlock Holmes works published before 1923 by Arthur Conan Doyle are in the public domain, a U.S. appeals court said on Monday, and others may refer to them freely without paying licensing fees to the Scottish writer's estate.
New York, June 13- The big retirement benefit consultants are facing increasing competition as financial advisers move in on their turf, according to Chip Castille, the head of BlackRock's U.S. retirement group.
*Sunni Islamists intensify grip on northern Iraq. NEW YORK, June 16- Brent crude oil futures rose on Monday as advances by Sunni insurgents in Iraq fueled concerns over a potential disruption to oil exports from the second-largest OPEC producer.
WASHINGTON, June 16- The European Union has presented a "fair and reasonable" compromise to resolve a gas dispute between Russia and Ukraine, the State Department said on Monday after Moscow cut off gas supplies to Kiev because of unpaid bills.
BEIJING, June 16- Alibaba Group Holding revealed the members of its powerful 27- person partnership and board on Monday, while disclosing that the Chinese e-commerce giant's growth has slowed from the red-hot pace of recent quarters.
NEW YORK, June 16- The city of Miami has sued JPMorgan Chase& Co, accusing the bank of predatory mortgage lending in minority neighborhoods that allegedly caused a wave of foreclosures during the last decade's housing crisis.
TORONTO, June 16- Canada's Bombardier Inc said on Monday that it has laid off more than 100 staff and let go 110 contract workers in the United States and Mexico due to delays in the flight test program for its all-new Learjet 85 business jet.
NEW YORK, June 16- Bank of America Corp has become the first big bank to agree to use a New York regulator's database to ensure it does not process illegal payments from payday lenders to state residents, Governor Andrew Cuomo said on Monday.
NEW YORK, June 16- J.C. Penney's pact with Martha Stewart Living Omnimedia to sell a line of home goods interfered with an exclusive deal between the celebrity's company and Macy's, a New York judge ruled on Monday. In his ruling, however, Justice Jeffrey Oing of New York state court limited the damages that Macy's could obtain.
LONDON, June 16- London- listed drugmaker Shire has hired investment bank Citi as an adviser, expecting to receive takeover approaches following a wave of deals in the healthcare sector, sources familiar with the matter told Reuters.
Secretary of State John Kerry on Monday called for a global regime to protect the oceans, which he said were under threat from too much fishing, acidification from climate change, and marine pollution.