News

Insurer American International Group will pay a $35 million penalty for violations related to former subsidiaries that solicited insurance business in New York without a license, the New York State Department of Financial Services said on Friday.

Construction equipment company Caterpillar Inc on Friday said the U.S. Securities and Exchange Commission is investigating how it accounted for its July 2011 purchase of Bucyrus International Inc.

A former U.S. Marine, who had been held in Mexican jail for months after arriving at the border from California with guns in his vehicle, was freed on psychological grounds on Friday, a Mexican court said.