AIG's plan to spin off a portion of its mortgage insurance unit is almost pointless given the challenges that CEO Peter Hancock faces to fix the much larger property-casualty business, an analyst at Keefe, Bruyette & Woods said.
Ranchers and dairy farmers in New Mexico and western Texas have gone online in their search for thousands of missing cattle a week after an historic two-day blizzard buried herds.
The worlds nations took the boldest steps yet to stem climate change, adopting an historic package of measures to limit fossil-fuel pollution and establish a mechanism to step up the reductions for decades.
Willis agreed to better terms for Towers Watson & Co. shareholders in a proposed merger after the consulting firms investors said that a June agreement was inadequate.