Germany’s Zurich Federal Court of Justice tossed out gummy bear maker Haribo’s claim Wednesday against the chocolate treat maker, Lindt.

(Reuters) —President Barack Obama announced on Friday that he and Chinese President Xi Jinping had reached a “common understanding” on steps to curb cyber spying and agreed that neither government would conduct economic espionage in…

(Reuters) — The Bill & Melinda Gates Foundation has sued Brazil’s Petrobras to recoup stock losses stemming from a corruption scandal at the state-run oil company.

Zurich splits with RSA, VW’s smokescreen and more than one bad app top the week in pictures at Business Insurance. View the gallery

H. Wade Reece will retire as chairman and CEO of BB&T Insurance Holdings Inc., and be succeeded by John Howard, vice chairman and CEO of the Wholesale and Specialty Division of BB&T Insurance Holdings, the company said in a statement.

Ace Ltd. intends to appoint Juan C. Andrade executive vice president of the new Chubb Group and president of the international nonlife insurance division, effective upon completion of Ace’s acquisition of Chubb Corp., Ace announced Friday.

(Reuters) — Insurer Ace Ltd. plans to start offering cyber security policies providing up to $100 million in coverage at a time when experts say it is hard for businesses to obtain such large coverage following the surge in high-profile breaches.

Find out which of this week’s features on BusinessInsurance.com were the most popular.

Plaintiff law firms are wasting no time in filing litigation against Volkswagen A.G. in connection with charges that software in its diesel cars was designed so that emissions controls only kicked in when the car was being tested.