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US Sept consumer prices rise on higher oil costs

  WASHINGTON / AP Higher energy costs fueled U.S. consumer prices in September, but overall inflation remained in check as it has for the past several years. The Labor Department said Tuesday that consumer prices increased 0.3 percent last month. Much of that rise stemmed from energy, housing and prescription drugs. Energy costs surged 2.9 percent in September as oil ...

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AIG to sell Chile, Turkey units to Watsa

  Bloomberg American International Group Inc. agreed to sell commercial and consumer units in nations including Argentina and Turkey to Prem Watsa’s Fairfax Financial Holdings Ltd. for $240 million as Chief Executive Officer Peter Hancock narrows his company’s focus. Fairfax will also acquire renewal rights on the portfolio of business written by AIG’s Central and Eastern European operations in countries ...

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Disney drops Twitter pursuit over ‘image’

  Bloomberg Walt Disney Co. decided not to pursue a bid for Twitter Inc. partly out of concern that bullying and other uncivil forms of communication on the social media site might soil the company’s wholesome family image, according to people familiar with management’s thinking. The producer of family fare like “Finding Dory” had gone so far as to hire ...

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