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US stocks gain after inauguration; consumer shares increase

  Bloomberg US stocks rose as an increase in crude oil spurred gains in energy companies. The benchmark index pared earlier gains as President Donald Trump delivered his inauguration address. Consumer staples shares climbed as Procter & Gamble Co. reported quarterly earnings that topped estimates. The S&P 500 Index added 0.3 percent to 2,271.29 at 4 p.m. in New York ...

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European stocks little changed as investors focus on Trump oath

  Bloomberg European stocks closed little changed as investors turned their focus to the inauguration of Donald Trump as US president, and whether he can continue to fuel investor expectations of stronger economic growth boosted by more deficit spending and tax cuts. The Stoxx Europe 600 Index fell less than 0.1 percent at the close. The index has lost momentum ...

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AIG to pay Berkshire $9.8bn in insurance deal

  Bloomberg American International Group Inc. agreed to pay $9.8 billion to Warren Buffett’s Berkshire Hathaway Inc. to take on long-term risks from commercial policies written in prior years. The reinsurance deal transfers liabilities on certain US policies from 2015 and earlier, representing reserves of about $34 billion as of Jan. 1, 2016, New York-based AIG said in a statement. ...

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