American International Group (AIG) , one of the world's largest insurance companies, has agreed to pay $1.64 billion to settle fraud, bid-rigging and improper accounting charges, New York Attorney General Eliot Spitzer announced on Thursday. The settlement, which does not include former chairman and CEO Maurice "Hank" Greenberg , ends civil litigation against the insurance [...]

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EU Justice and Security Commissioner Franco Frattini said in an interview published Thursday that the EU may draw up a new media code of conduct to forestall any repetition of the global controversy now raging over the publication of caricatures of the Prophet Muhammad in European newspapers. Speaking to the London Telegraph newspaper, he noted [...]

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A Zimbabwean court has set aside a decision by country's media commission not to license the Daily News newspaper. The newspaper was ordered to stop publishing in 2003 for criticizing the government. In March 2005, the country's supreme court overturned the original ban , but the media commission twice denied their application for a license. [...]

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Ukrainian President Viktor Yushchenko recommended to the Ukrainian Parliament that a committee be formed to draft a new constitution during his state of the union address on Thursday. Yushchenko has been in conflict with parliament after rejecting their vote to dissolve his government last month, and has criticized constitutional changes that have limited his authority [...]

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Racially-motivated riots again erupted at a Los Angeles County jail on Wednesday, leaving 22 inmates injured. The fighting at Pitchess Detention Center began when inmates at a group dorm were separated along racial lines. The violence was quickly brought under control, but then fights spread to other dorms. All seven Los Angeles County jails were [...]

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