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Federal prosecutors and lawyers for five former insurance executives accused of engineering a bogus reinsurance transaction to mask a drop in reserves at AIG are in settlement talks, according to a joint court filing.

Tropical Storm Beryl was close to making landfall in the southeastern U.S. late Sunday. The National Hurricane Center in Miami reported late Sunday that Beryl was 35 miles east of Jacksonville, Fla., and 75 miles (121 kilometers) south-southeast of Brunswick, Ga.

An executive who oversaw risk management at the unit responsible for trading blunders that cost J.P. Morgan Chase & Co. at least $2 billion this year earlier lost millions while trading for the same unit, according to people familiar with the bank.

Thousands of survivors huddled in tents or in their cars under rainy skies early Monday following a weekend earthquake that killed seven people across northern Italy.

Soldiers exposed to roadside bomb blasts and athletes who have suffered repeated concussions show the same long-lasting changes to brain cells, a new study reports. It adds to the evidence that injuries once officially termed "mild" may be anything but.

The Obama administration is asking a presidential commission to help decide an ethical quandary: Should the anthrax vaccine and other treatments being stockpiled in case of a bioterror attack be tested in children?

Nearly 62,000 other "uninsurable" patients are getting coverage through a little-known program for people who have been turned away by insurance companies because of pre-existing medical conditions. They're all awaiting the Supreme Court's decision on health care reform.

After needing a $182.3 billion bailout from the U.S. government in 2008 after failed mortgage investments, AIG is betting this time it's different. CEO Robert Benmosche has increased non-government-guaranteed residential and commercial-mortgage backed securities holdings by $11.1 billion since 2010 to $28.4 billion at the end of March.

A Greek exit from the euro zone could expose the European Central Bank and the currency bloc it seeks to protect to hundreds of billions of euros in losses, landing Germany and its partners with a crippling bill.

JPMorgan Chase & Co's shock trading loss of at least $2 billion from a failed hedging strategy knocked financial stocks across the globe, as well as the reputation of the biggest U.S. bank by assets and its CEO Jamie Dimon.

A $200 million lawsuit has been filed in New York federal court on behalf of four Hungarian musicians and dancers aboard the Costa Concordia cruise ship that capsized off the coast of Italy in January.

Global pharmaceutical giant Abbott Laboratories has agreed to pay federal and state governments $1.6 billion in criminal and civil fines for illegally promoting unapproved uses of its drug Depakote, including to sedate elderly patients in nursing homes.

Predicting the weather is tricky enough. Now a new government-sponsored report warns that the USA's ability to track tornadoes, forecast hurricanes and study climate change is about to diminish.

Lloyd's of London unveiled "Vision 2025" which plans to bring in billions of dollars of new business from fast growing emerging markets, said chief executive Richard Ward.

The Obama administration moved to control the injection of millions of gallons of diesel deep underground during hydraulic fracturing, the controversial oil and gas development technique that avoided oversight by the Environmental Protection Agency because of a loophole created under President George W. Bush.