Zurich Insurance said it may try to buy U.K.-based RSA Insurance in a deal that could be valued at more than $8 billion.
Treasury Secretary Jacob Lew said the Obama administration isn’t contemplating a federal bailout for Puerto Rico as the island territory faces a cash crunch.
The cost of renting a home is rising faster than wages across wide swaths of the country, a problem that has become especially acute in the past year, putting a big squeeze on many household budgets.
The Financial Industry Regulatory Authority permanently barred former Merrill Lynch financial adviser Tom Buck from the brokerage industry.
Global stocks bounced back Tuesday, as a relatively muted decline in Chinese shares allowed investors to focus on upbeat corporate earnings and the Federal Reserve’s monetary-policy meeting.
Some of the biggest players in the world of commercial drones are drawing up plans for how to safely manage the growing flock of unmanned vehicles in what are quickly becoming crowded skies.
Procter & Gamble is expected to soon name David Taylor as CEO, succeeding A.G. Lafley, who came out of retirement to take a second stint running the company.
Brent, the global oil benchmark, fell Tuesday to its lowest price since January on concerns about the persistent global glut of crude, while U.S. prices rose ahead of weekly inventory data.
Reynolds American Inc. lifted its earnings outlook for the year, reflecting strong sales from its recently acquired Newport brand and a dramatic slowing in the industrywide rate at which cigarette smoking is falling off.
While investors are excited about Allergan’s pursuit of more deals, they have to hope it doesn’t bite off more than it can chew.