HHS secretary asks insurer to justify rate hike
The Obama administration on Monday asked California's largest for-profit health insurer to justify plans to hike customers' premiums by as much as 39 percent, a move that could affect some 800,000 customers.
KeyCorp vice chairman resigns, to join struggling AIG as finance executive
The vice chairman for KeyCorp has left to take a job with struggling insurer American International Group, the company said Monday.
Goldman's payment demands on AIG probed: report
U.S. regulators are investigating whether the mortgage insurance market was improperly distressed in 2008 because of payment demands that Goldman Sachs Group Inc and other banks made on American International Group Inc , The New York Times reported on Sunday.
Broker has court date in ponzi scheme case
A former Ponte Vedra Beach financial broker accused of bilking mostly elderly investors of $2 million in a Ponzi scheme is set to appear in federal court today for a plea hearing, according to court records filed last week.
Two railways that may be an investor's route to profit
Transportation Two railways that may be an investor's route to profit A Burlington Northern Santa Fe Railroad locomotive sits on the track as workers stand nearby in Seattle.
AMP re-weighs AXA Asia Pacific bid plan
Insurer and wealth manager AMP Ltd says it's considering its position in relation to its takeover bid for fellow insurer AXA Asia Pacific Holdings Ltd, following the expiry of an exclusivity agreement with the target's French parent.
Berkshire Hathaway Inc. News Release
Berkshire Hathaway Inc. . Berkshire Hathaway Inc. today announced that 5:00 p.m., New York time, on February 10, 2010 is the anticipated deadline for submission of Forms of Election by Burlington Northern Santa Fe Corporation shareholders to receive cash, Berkshire stock or a mix of the two in connection with the proposed merger of BNSF with and ...
The Hanover Sees Earnings Jump
Massachusetts-based insurer The Hanover Insurance Group Inc. saw fourth-quarter profits jump 68 percent to $57.3 million, up from $34.1 million in the year-ago quarter.
Goldman's claims helped push AIG to brink
The SEC is investigating whether the bank improperly hurt the mortgage market in a dispute with the insurance giant over demands for payments on sour securities.
Does Freedom 55 still work in these turbulent times?
Maybe it has to do with my age or the period during which I grew up, but somewhere in my brain an advertising firm managed to plant the idea of Freedom 55, a uniquely Canadian slogan.
Kraft Joins Warren Buffett Wager in Bonds to Fund Buyouts: Credit Markets
Companies in the U.S. are spending the highest portion of bond-sale proceeds in more than a decade for acquisitions and expansions, joining Warren Buffetta s a oeall- in wagera on a recovery and taking advantage of the lowest borrowing costs since 2004.
Tread carefully with baby Berkshire shares
Don Dion OMAHA, Neb. - TheStreet.com Published on Friday, Feb. 05, 2010 9:58AM EST Last updated on Friday, Feb.
WellPoint in Ashwaubenon announces it will cut 111 jobs; employees given 60-day notice
ASHWAUBENON - WellPoint Inc. said Thursday it will cut 111 jobs at its Claim Management Services Inc.
Ins. Co. claims OSU can't recover $33M
Lincoln National Life Insurance Co. filed a separate lawsuit against Cowboy Athletics Inc.
Raleigh's Forecast: Winter Weather Is Here
Steady falling snow is starting to accumulate in northern counties where temperature has reached 32.
Factory Payrolls Expand
Caterpillar Inc. and General Electric Co. are among companies hiring workers as the global economy recovers, contributing to the first increase U.S. manufacturing payrolls in three years in January.
Aetna 4Q profit falls 15 percent on medical costs
Aetna Inc. said its fourth-quarter profit fell 15 percent, as it continued to struggle with rising medical costs that hurt its performance throughout 2009.
Head of AIG's aicraft leasing division, Udvar-Hazy, retiring from post as CEO
In this June 8, 2009 file photo, Founder and CEO of International Lease Finance Corporation Steven Udvar-Hazy speaks to media at the 65th International Air Transport Association Annual General Meeting in Kuala Lumpur, Malaysia.
ING's Condon Says Investors `Panicking' on Default Risks
Feb. 5 -- Tim Condon, chief Asia economist at ING Groep NV, talks with Bloomberg's Linzie Janis about the risk of sovereign default by members of the euro-zone. Condon speaks in Singapore.
CIGNA reports net income of $330M for fourth quarter 2009
CIGNA Corporation today reported shareholdersa net income of $330 million, or $1.19 per share, for the fourth quarter of 2009 compared with a shareholdersa net loss of $209 million, or $0.77 per share, for the same period last year.
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