4 hrs ago | International Business Times
AIG board meets Tues, no plan on CEO: source
But the board does not plan to take any action with respect to Benmosche when it meets next Tuesday, the source said.
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8 hrs ago | Clover Herald
Schumer says public option can pass the Senate
Democratic Sen. Chuck Schumer says health care reform that includes a public option can pass the Senate.
12 hrs ago | BusinessWeek
Ambac capital exceeds required...
Ambac Financial Group Inc said on Wednesday that the statutory capital of its main unit was well above a regulatory minimum at the end of the third quarter, easing concerns the company would fall short of funds and risk being taken over by state officials.
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Congress panel backs big bank break-up power
The U.S. House Financial Services Committee voted on Wednesday to approve a proposal that would empower government regulators to break up large financial firms that threaten economic stability.
Related Topix: US News, Paul Kanjorski, US Politics, US House of Representatives, Democrat, 2008 Presidential Election, American International Group, Business News
Life insurance ind to clock Rs 2.5 lakh cr premium
The Indian life insurance industry is expected to grow by about 15 per cent in the current financial year to touch a total premium income of Rs 2,55,000 crore in 2009-10. "Despite the slowdown in the economy, life insurance industry has continued to grow as policyholders are realising the value of insurance.
Senate Will Vote on Health Care Reform Bill
Sweeping health care legislation has cleared its first hurdle in the Senate on a party-line vote.
Related Topix: US News
Q Do any mutual funds mirror Berkshire Hathaway's investment style? - D.G., online A Be careful.
Related Topix: Mutual Funds, Personal Finance, Construction, Berkshire Hathaway, Investment Services, Warren Buffett
Aon Risk Services President Devine leaving brokerage
Aon Risk Services President Ted T. Devine is leaving Aon Corp. to launch a charitable organization, the Chicago-based brokerage said in a statement.
Related Topix: AON
Goldman's $500 million is day late, dollar short
So now we know the value Goldman Sachs Group Inc. places on salving its conscience for screwing up what Chief Executive Officer Lloyd Blankfein called 'God's work.' It seems that $500 million is all it takes to compensate the world for Goldman's role in creating the credit crunch.
Related Topix: Investment Banking, Financial Services, Goldman Sachs Group, Investment Services, Construction, Berkshire Hathaway, Warren Buffett, Opinion
Paul Krugman: Botched bailouts undercut credibility of government
Earlier this week, the inspector-general for the Troubled Asset Relief Program, aka the bank bailout fund, released his report on the 2008 rescue of the American International Group, the insurer.
Related Topix: American International Group, Opinion
Reinsurance deal helps Conseco raise cash
Conseco Inc. will raise $45 million and free up capital reserves by bringing in a reinsurance company to coinsure a block of life insurance policies, the Carmel-based company announced Friday morning.
Related Topix: Conseco
Buffett Taps JPMorgan, Wells Fargo for $8 Billion Loan in Burlington Deal
JPMorgan Chase & Co. and Wells Fargo & Co. are arranging an $8 billion loan for Warren Buffetta s Berkshire Hathaway Inc.
Related Topix: Wells Fargo , Banking, Financial Services, JP Morgan Chase , Berkshire Hathaway, Construction, Investment Services, Railroads, Burlington Northern Santa Fe, Dallas Metro
Marsh & McLennan director David Olsen, 71, dies
A Marsh & McLennan Cos. board member, David A. Olsen, died Saturday, the company said in a statement Wednesday.
Related Topix: Marsh and Mclennan Companies
CSX Shares Slip in Premarket on Downgrade
Shares of CSX Corp. edged down in premarket trading Friday as an analyst downgraded the railroad, saying its share price has moved too high.
Related Topix: CSX, Railroads, Jacksonville Metro, Berkshire Hathaway
Hershey may make US$17-billion bid for Cadbury, topping Kraft, Journal reports
Hershey Co. may make a US$17-billion bid for UK candy company Cadbury PLC, topping the recent $16.5-billion hostile offer by Kraft Foods Inc., the Wall Street Journal reports Friday.
Related Topix: Hershey, PA, Food, Hershey Foods, Kraft Foods, Warren Buffett, Construction, Berkshire Hathaway, Investment Services
Senate panel to mull Bernanke nomination on...
Federal Reserve Chairman Ben Bernanke's nomination to a second term will be the subject of a Senate Banking Committee hearing next month, the panel's chairman said Friday.
Related Topix: Ben Bernanke, American International Group
Conn. jobless rate jumps to 8.8 percent in October
Connecticut Labor Department says the state's unemployment rate increased slightly to 8.8 percent, even though employers added 1,000 jobs in October.
Related Topix: Connecticut, Connecticut Government, Mathematics, Science, Aetna
Stock markets close lower amid indications of subdued economic recovery
The Toronto stock market finished lower Thursday on worries about the pace of an economic rebound, downgrades in the tech sector and concerns about financial stocks after two major institutions announced moves to raise more capital.
Related Topix: Financial Markets, Manulife Financial
Willis Group, Gras Savoye shareholders enter capital reorganization agreement
Willis Group Holdings Ltd. and the original family shareholders of Gras Savoye & Cie signed a definitive agreement with Astorg Partners to reorganize the capital of Gras Savoye in a leveraged transaction.
Related Topix: Willis Group Holdings
Taiwan regulator: China Strategic's timing 'wrong' on Chinatrust
The consortium led by China Strategic Holdings Ltd. shouldn't have agreed to sell a stake in Nan Shan Life Insurance Co.
Related Topix: American International Group
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