Collective trusts that insurers are allowed to invest in are confined to those backed by financing assets and non-listed equity assets, according to draft rules posted on the website of China Insurance Regulatory Commission.
Google Inc.’s stake in the outcome of a $2 billion trial over smartphones using its Android operating system was revealed by testimony that the company indemnified Samsung Electronics Co. against some of Apple Inc.’s patent claims.
A security breach involving a unit of credit-reporting company Experian Plc that allowed criminals access to Social Security numbers and other personal data of more than 200 million people is being investigated by Massachusetts, state Attorney General Martha Coakley said.
A former Bank of America Corp. senior vice president, who cooperated with prosecutors probing a conspiracy to rig bids in the $3.7 trillion municipal bond market, won’t go to jail for his role in the scheme.
Bed Bath & Beyond Inc. agreed to stop automatically rejecting job applicants with criminal records and to evaluate individual situations as New York’s attorney general expanded a crackdown on discrimination against ex-offenders.
Samsung Electronics Co. wants $6.2 million from Apple Inc. for copying its technology, a figure an intellectual property expert said is meant to make the $2 billion sought by the iPhone maker over its own smartphone patents look excessive.