Ny Ag announces probe of life insurance industry

State Attorney General Andrew Cuomo said Thursday that he had opened a fraud investigation into how life insurers pay out benefits after policyholders die.

Genworth hit by lapse concern, housing caution

Genworth Financial Inc. shares dropped more than 15% Friday on concern about higher lapse rates in the company's life insurance business.

Berkshire succession plans point company east

The search for successors to Berkshire Hathaway Chairman and Chief Executive Warren Buffett took a big leap forward Friday after The Wall Street Journal reported that Chinese hedge-fund manager Li Lu is a leading candidate to oversee part of the company's giant investment portfolio.

Most actively traded companies on the TSX, TSX Venture Exchange markets

Some of the most active companies traded Friday on the Toronto Stock Exchange and the TSX Venture Exchange: Toronto Stock Exchange : Osisko Mining Corp.

Caterpillar picks N.C. for equipment plant

Heavy-equipment manufacturer Caterpillar Inc. said Friday it will build a parts plant for large mining machines, and it expects to employ about 510 full-time and contract workers in five years.

MetLife rallies as analysts boost estimates

Shares of MetLife Inc. rose more than 4% and topped financial-sector gainers in the S&P 500 Friday, as several analysts raised their forecasts for the insurance giant a day after it reported strong earnings.

N.C. hoping to land Caterpillar plant, 500 jobs

North Carolina hopes to be picked as the site for a new plant planned by heavy-equipment manufacturer Caterpillar Inc.

MetLife, Genworth swing to quarterly profits

MetLife Inc. and Genworth Financial said late Thursday that they swung to quarterly profits.

Death benefit controversy overdone: FBR analysts

Life insurers are facing a barrage of investigations and criticism over the way the industry pays death benefits for veterans and other federal employees.

SEC Accuses Dallas Investors Of Insider Trading

Sam and Charles Wyly, Dallas billionaire investors known for their support of conservative candidates and causes, made $550 million in undisclosed profits through 13 years of insider trading, according to a Securities and Exchange Commission lawsuit filed Thursday.

Ny Ag: Life insurance industry probe will focus on allegations beneficiaries were misled

New York Attorney General Andrew Cuomo says his office has opened a fraud investigation into the life insurance industry.

New York Fed: Toxic Assets From AIG Gaining Value

Share + Jul 29, 2010 7:03 pm US/Eastern Timeline: U.S. Credit Crunch & Financial Failures WASHINGTON 1 of 1 The Pine Street headquarters of American International Group Inc.

Financial Stocks: Ameriprise up 12% as financials struggle for gains

Shares of U.S. financial companies regained some lost ground Thursday afternoon as decliners moderated their losses, with the sector still buoyed by Ameriprise Financial Inc.'s gains on solid earnings.

Lincoln returning to black

Lincoln National Corp. is bouncing back. The Philadelphia-based financial services provider on Wednesday reported second-quarter earnings of $255 million, or 33 cents per diluted share available to common stockholders.

Health insurer 2Q profits rise as flu threat fades

Last fall's swine flu scare has helped health insurer profits in this year's second quarter by preventing expensive medical claims and creating healthy amounts of unspent reserves.

Buffett's Dairy Queen chilly on frozen yogurt lawsuit

Warren Buffett, chief executive officer of Berkshire Hathaway, eats a Dairy Queen vanilla orange ice-cream bar.

California workers comp woes hit SeaBright

Trouble in California's workers' compensation market hit insurer SeaBright Holdings Inc.

Gulf rig disaster ripples through insurance sector

The Deepwater Horizon explosion triggered the worst offshore environmental disaster in U.S. history and humbled BP PLC, one of the world's largest companies.

Women Lack Confidence Dealing with Money

Nearly all women in the United States are involved in household finance decisions and one-fourth of them are in control, yet many lack confidence in their fiscal management abilities, a July study found.

CVS announces deal with Aetna, 2Q profit falls

In this Nov. 3, 2009 file photo, a CVS pharmacy sign is seen opposite the interior of one of the CVS locations, in Providence, R.I. CVS Caremark Corp.