US Business
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FGIC swung to a first-quarter loss on impacts to the bond insurer's exposure to collateralized-debt obligations of asset-backed securities, though they were largely offset by big gains on credit-protection contracts.
Read CDO Exposure Pushes FGIC to Loss (Links)
CNA Financial said longtime Chubb executive Thomas F. Motamed will become its chairman and chief executive next year, as the insurer aims to build on its turnaround effort.
Read Motamed Tapped to Lead CNA (Links)
Read Oil Industry Aims to Lift Bans on Drilling (Links)
Pet-food suppliers that were sued over contaminated products linked to deaths of cats and dogs have agreed to pay $24 million to pet owners in the U.S. and Canada.
Read Pet Food Makers to Pay Settlement (Links)
Read Moody's Cuts AIG Rating (Links)
General Motors said the recently concluded strike at supplier American Axle will put a $1.8 billion dent in the auto maker's second-quarter pretax earnings.
Read GM Puts Strike Cost at $1.8 Billion (Links)
Time Warner and a partnership between GE's NBC Universal and Blackstone are the leading contenders to win an auction for the Weather Channel.
Read Top Contenders for Weather Channel Emerge (Links)
Syngenta said it reached an agreement with rival Monsanto, resolving a four-year legal dispute between the agrochemical companies over their global corn and soybean technologies.
Read Syngenta, Monsanto End Dispute (Links)
Read American Axle to Return to Work (Links)
Trucking-industry regulators issued a warning on the anti-smoking drug Chantix, advising medical examiners not to issue commercial motor vehicle licenses to anyone using the medication.
Read Trucking Regulators Warn on Use of Chantix (Links)
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