News

Westfield Group has named James R. Clay as its next group leader and chief executive officer while its chairman, Robert J. Joyce, said he plans to retire.

Arthur J. Gallagher & Co. said today that it has acquired the remaining 60 percent equity interest in Specialised Broking Associates Pty Ltd in Australia.

Having paid $256 million already in claims, BP will likely issue at least $60 million in advance payments in August to claimants across the Gulf Coast.

Aon Corp. reported second-quarter net income grew 3 percent as it improved organic growth and strengthened operating efficiencies.

Three wildfires broke out yesterday afternoon in California, the worst of which has consumed 8,000 acres so far in Los Angeles County.

Three New York residents forged and cashed claim checks to steal close to $500,000 in a plot that ran for nearly a decade.