But the board does not plan to take any action with respect to Benmosche when it meets next Tuesday, the source said.

Democratic Sen. Chuck Schumer says health care reform that includes a public option can pass the Senate.

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.

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.

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.

Sweeping health care legislation has cleared its first hurdle in the Senate on a party-line vote.

Q Do any mutual funds mirror Berkshire Hathaway's investment style? - D.G., online A Be careful.

Aon Risk Services President Ted T. Devine is leaving Aon Corp. to launch a charitable organization, the Chicago-based brokerage said in a statement.

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.

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.

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.

JPMorgan Chase & Co. and Wells Fargo & Co. are arranging an $8 billion loan for Warren Buffetta s Berkshire Hathaway Inc.

A Marsh & McLennan Cos. board member, David A. Olsen, died Saturday, the company said in a statement Wednesday.

Shares of CSX Corp. edged down in premarket trading Friday as an analyst downgraded the railroad, saying its share price has moved too high.

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.

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.

Connecticut Labor Department says the state's unemployment rate increased slightly to 8.8 percent, even though employers added 1,000 jobs in October.

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.

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.

The consortium led by China Strategic Holdings Ltd. shouldn't have agreed to sell a stake in Nan Shan Life Insurance Co.