GE Aviation buys Czech turboprop engine maker

General Electric's aviation unit said Thursday it bought a Czech company that will help it make inroads into the fast-growing market for small twin-engine turboprop aircraft.

EMC Insurance Lowers 2008 Annual Earnings Estimate

EMC Insurance Group Inc. says Midwest storm losses will reduce its profit for the year.

Sullivan resigns from Transatlantic Holdings

Former American International Group Inc. President and Chief Executive Officer Martin J. Sullivan has resigned as chairman and director of New York-based Transatlantic Holdings Inc., effective July 1. Mr.

PMA Capital completes purchase of Webster Risk Services

PMA Capital Corp. said Tuesday that it has completed its $5.9 cash acquisition of Webster Risk Services , a provider of third-party administration services, from Webster Financial Corp.

Berkshire Hathaway Posts its Worst First Half in 18 Years

This holiday week, bad news is piling up like . Starbucks is firing people. Congress is taking a week-long vacation while everyone else scampers for overtime.

Westfield goes for Olympics gold

High points … the Westfield chairman, Frank Lowy, shows plans for the London Olympics retail development to Britain's Prime Minister, Gordon Brown.

Warren Buffett may buy hurricane bonds

Property insurance rates could jump 2.5 percent under a proposal approved this morning by Gov.

Insurance underwriter fights Texas takeover

' A Chicago-based insurance underwriter has become the target of an unwanted takeover.

UnitedHealth cuts 2008 outlook as premiums slip

Health insurer UnitedHealth Group Inc. lowered its 2008 profit outlook on Wednesday, citing reduced commercial business and higher-than-expected Medicare-related costs.

Aberdeen absorbs $2.2B of Nationwide Funds

Aberdeen Asset Management Inc. today announced the completion of the reorganization of $2.2 billion in assets of 26 Nationwide Funds into newly created Aberdeen Funds.

Humana Inc. buying Metcare Health Plans

Humana Inc. on Monday said it agreed to buy Metcare Health Plans Inc., a subsidiary of West Palm Beach-based Metropolitan Health Networks Inc., for $14 million.

Energy sector leads stocks up as oil hits record

Stocks rose on Monday as record crude oil prices lifted energy shares on the final trading day of the month and the second quarter, offsetting a financial sector sell-off on fears of further credit losses.

Buffett is amazed his lunch drew a $2.1M bid

A Chinese investment fund manager's bid for the chance to have lunch with billionaire Warren Buffett was the largest ever in a charity auction on eBay and surprised even Buffett.

Fitch may downgrade XL Capital ratings

Fitch Ratings said Monday it may downgrade the ratings of XL Capital Ltd. and its subsidiaries because of exposure to Security Capital Assurance .

Cat to build small hydraulic excavators in China

Caterpillar Inc. announced it will make small hydraulic excavators in China so help meet demand for its products in emerging markets.

Insurance study: Sioux Falls, S.D., is nation's safest driving city for third straight year

An insurance study has once again found that Sioux Falls has the safest drivers in the nation, marking the third straight year that South Dakota's largest city has topped the list.

Dow Suffers Worst First Half Since the 70s

The Dow and S&P 500 were little changed on Monday on the final trading day of the second quarter as record oil boosted energy shares, offsetting weak financial stocks amid nagging concerns of further credit ...

MBIA says it sold $4 bln of assets during second quarter

MBIA Inc. said on Monday that it sold roughly $4 billion in assets during the second quarter to help the bond insurer meet obligations that were triggered by a recent downgrade of its credit ratings.

Spectrum Brands: Pet supply unit sale blocked by senior lenders

Spectrum Brands Inc.'s $693 million deal to sell global pet supply business United Pet Group to Salton Inc.

Metropolitan Health Networks Inc.

West Palm Beach, Fla.-based Metcare offers AdvantageCare, a Medicare Advantage health plan that provides Medicare beneficiaries with access to comprehensive health care coverage in Florida.