House Democrats are looking at big health care changes, including federal aid to help families earning up to $88,000 pay for insurance and a requirement that all must carry coverage.
A former employee of Ladenburg Thalmann Financial Services Inc. of Miami has filed $5 million arbitration claim against the firm and its subsidiary, Investacorp Inc., for alleged breach of contract.
The Labor Department said Thursday that wholesale prices climbed 0.3% last month, a larger increase than the 0.1% that economists had expected.
Managed accounts industry assets fell by 7% during the first three months of the year to $1.2 trillion, according to the Money Management Institute in Washington.
The legislative proposal is the administration's first major step in overhauling the nation's financial regulatory system.
Members of Congress today weighed the implications of the federal government’s regulating the insurance industry.
The Labor Department said Thursday the number of new claims rose to a seasonally adjusted 637,000, from a revised 605,000 the previous week. That's above analysts' expectations of 610,000.
The insurance giant has reduced but not eliminated the risk that its failure could pose to the global economy despite getting more than $180 billion in federal bailout aid, Edward Liddy is expected to tell Congress today.
The Munich, Germany-based insurer said net profit in the January-March period was €29 million ($40 million) compared with a profit of €1.15 billion in the first quarter of 2008.
Banks that sold insurance last year reaped higher profits than those that didn’t, according to a study from the Bank Insurance Market Research Group.
The world's biggest computer chip maker is said to have used illegal sales tactics to shut out smaller rival AMD.
The slumping economy is causing even state and local government employees, who typically get traditional fully loaded pensions, to hold off on retirement, according to a survey released today.
The British economy has a 50-50 chance of returning to growth by the middle of 2010, says the U.K.'s central bank.
“We ought to move to a single standard, and I think it makes sense for it to be a fiduciary standard,” Richard Ketchum said in an interview today.
The Dutch bank and insurer blamed loss on falling asset prices, the weak performance of insurance contracts and restructuring charges.
The financial health of Social Security and Medicare, the government's two biggest benefit programs, worsened in the past year because of the severe recession.
The federal government ran a deficit in April for the first time in 26 years, pushing the red ink so far this budget year to a record $802.3 billion.
National Financial Partners Corp. today reported a net loss of $515.8 million, or $12.59 per diluted share, for the first quarter, compared with net income of $8.5 million, or $0.21 per diluted share, in the first quarter of 2008.
Home prices fell in nearly nine out of every 10 U.S. cities in the first quarter of this year as first-time buyers looking for bargains dominated the market.
Fisher Investments, one of the country’s most noted investment advisory firms, has been tagged with a $1.2 million arbitration claim, alleging that it failed to live up to its fiduciary duty during the recent calamitous market meltdown.
