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- WASHINGTON (Reuters) - The George W. Bush administration may push for a global backstop of interbank lending along with a U.S. government program to buy shares of major banks in an effort to stabilize the battered financial sector and reeling markets ...
- NEW YORK (AP) -- Wall Street capped one of its worst weeks ever with a wild session Friday that saw the Dow Jones industrials gyrate within a 1,000 point range before closing with a relatively mild loss and the Nasdaq composite index actually ending ...
- Bud Allen tries not to worry too much about the next big transition in his life -- buying health insurance for the first time. "You worry about it a little bit, but I'm not losing sleep over it, when I do sleep," joked Allen, 80, who counts ...
- The global credit crisis has driven up the cost of financing trade shipments sharply, prompting the World Trade Organisation to convene a summit to counter the threat to international commerce. Although officials stress that traders have not been cut ...
- The government will buy an ownership stake in a broad array of American banks for the first time since the Great Depression, Treasury Secretary Henry Paulson said late Friday, announcing the historic step after stock markets jolted still lower around ...
- WASHINGTON - The federal government will buy stock in American banks for the first time since the Great Depression, Treasury Secretary Henry Paulson said Friday in the latest dramatic effort to reverse a global financial panic. “This is a period ...
- NEW YORK – Even as Wall Street trembled, some of the people responsible for the financial storm got facials and others tried to secure million-dollar payouts. Just days after the U.S. government saved American International Group with an $85 ...
- The government will buy an ownership stake in a broad array of American banks for the first time since the Great Depression, Treasury Secretary Henry Paulson said late Friday, announcing the historic step after stock markets jolted still lower around ...
- Moody's Investors Service placed the insurance financial strength ratings of mortgage insurers Radian Guaranty, Republic Mortgage Insurance Co. and PMI Mortgage Insurance on review for possible downgrade. The ratings agency said the ratings - A2 for ...
- Finance officials from the world's top economic powers endorsed a sweeping plan Friday to stem the worst financial crisis in more than a half-century. The officials from the Group of Seven countries issued a five-point plan aimed at reversing a ...
- PORTLAND -- The homes of seven families living in Southwest Portland are off limits more than two days after ground underneath a residence at 6438 SW Burlingame Place became unstable, causing the home to slide down a steep hill and crash into two ...
- Tallahassee, Florida - Insurance regulators put Cincinnati Insurance representatives in the hot seat, grilling them as to why they want to raise rates by an average 36.8% statewide. Cincinnati's filing includes increase requests as high as 91.1% in ...
- BATON ROUGE – A Disaster Recovery Center (DRC) will open Monday in Harrisonburg to assist residents who had damage or losses from hurricanes Gustav and Ike, according to Governor’s Office of Homeland Security and Emergency Preparedness (GOHSEP ...
- President Bush speaks to the public about the government involvement in the economic crisis. "This uncertainty has led to anxiety among our people," Bush said during a statement delivered in the White House Rose Garden. "And that is understandable ...
- NEW YORK – Sellers of insurance on bonds issued by bankrupt Lehman Brothers Holdings Inc. are now likely to face demands that they pay out more than 91 cents on the dollar to buyers of those insurance contracts. That's the upshot of an unusual ...
- CHICAGO , Oct. 10 /PRNewswire-FirstCall/ -- Aon Corporation AOC today announced that key general liability insurance markets in Bermuda have for the first time agreed to accept a single excess follow form from Aon, providing Aon clients with greater ...
- In March, around the time when the problems with Bear Stearns surfaced, Rob Schimek, the CFO of AIG Commercial Insurance and the domestic property-casualty operation of which it is part, began to sock away cash. Although the big liquidity problems of ...
- INDIANAPOLIS— Shares of Cigna Corp. fell further than those of other managed care companies Friday, as investors worried about investment exposure to a shaky stock market. The Philadelphia-based insurer saw its stock price fall 12 percent to $21.82 ...
- There may be some good news for people trying to stay in their homes. Facing a lawsuit over deceptive mortgage practices, Bank of America Corp. has agreed to modify tens of thousands of loans to keep people in 11 states from losing their homes ...
- The state's insurance commissioner, addressing a concern of some insurers, is considering eliminating the unique right under which Massachusetts drivers have been able to appeal auto premium surcharges they consider unfair for accidents caused by bad ...
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