Wakefern Sues Insurer Over Sandy Damage

October 30, 2013

Wakefern has sued Lexington Insurance, a unit of AIG, for breach of contract. The grocery cooperative says the insurer has only paid a small percentage of the claims tied to Hurricane Sandy.

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China’s Property Market Boost: Stocks Surge, Copper Hits Highs

The Chinese government unveiled a comprehensive support package that has sent ripples through financial markets. This initiative includes a slew of measures aimed at stimulating housing demand and addressing the excess inventory burdening developers. The immediate impact was a significant rally in Chinese stocks and a surge in commodity prices, notably copper, which hit record highs.