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25-09-2020 INSU Acquisition III, a blank check company set up to acquire or merge with one or more businesses in the insurance industry, has raised $218 million by offering 21.8 million units at $10. The company, which is the third blank check firm set up by asset managers Cohen & Company, offered 1.8 million more units than originally expected indicating a larger M&A than first thought is in the pipeline. Blank check companies, or special purpose acquisition companies (SPAC), have the ability to take companies public without going through the traditional initial public offering (IPO) process...

The economy and expanding the tax base. >> president obama will be taking his message on the road next week to a virginia shipbuilding operation. virginia, with its massive defense industry, would be hit hard by the spending cuts. arthel. >> molly henneberg live from washington. thanks. >> as the u.s. faces its own economic problem, britain's economy is facing a serious new setback. moody's, the credit rating agency, announced the first ever downgrade of the u.k.'s pristine credit rating by a notch, blaming weak growth and political turmoil for throwing its deficit reduction plan off course. d...

were killed when gunmen fired on a check point. representatives from around the world are meeting right now in london to discuss somalia. the country has been mired in war and famine for more than 20 years. british prime minister david cameron is hosting the meeting to promote a global resolution to the situation. i'm max foster, "world business today" starts right now. good morning from cnn london, i'm charles hodson. >> and good evening from cnn hong kong. i'm pauline choiu. this is "world business today," the top stories this day, japan appears willing to lend a hand to euro...