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Yen rallies sharply against dollar, euro after China data
ReutersNEW YORK (Reuters) - The yen broke recent trends and jumped against the dollar and the euro on Thursday after a slide in stocks sparked by a drop in Chinese factory activity prompted a rush for the safe-haven Japanese currency. China's factory activity...Tags: Employment Opportunities, Foreign Exchange Market, Weather Reports, Boston Marathon, Land Price
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EU's Barnier softens new rules for pension funds
ReutersBRUSSELS (Reuters) - Pension funds in the European Union will not be required to increase their capital in the same way as banks and insurers will have to, under draft rules due later this year, the EU's top regulatory official said on Thursday. Michel...Tags: International Organizations, Interior Policy, Finance, Economy, Business and Finance, Pension and Welfare
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Insurance agent accused of inventing clients for commission money
Ray Hamper didn't actually exist, but neither did Jim May or Kelly Kern. In fact, none of the dozens of names listed on 139 phony insurance policy applications filed by Frederick Edward Tanner were real, state fraud investigators said. Tanner, a...
Tags: Port St. Lucie (St. Lucie, Florida), Finance, Palm Beach County Sheriff's Office, Financial and Business Services, Economy, Business and Finance
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California picks 13 health plans for state-run insurance market
After weeks of negotiations, California said it has selected 13 health plans for a new state-run insurance marketplace where as many as 5 million people will shop for coverage next year. Officials at Covered California, the state agency implementing the...
Tags: Marketing, Cigna Corporation, Medicaid, Patient Protection and Affordable Care Act, Aetna Inc.
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U.S. shares recover, but dollar extends losses
ReutersNEW YORK (Reuters) - U.S. stocks and bonds were little changed on Thursday, with equities rebounding from what traders considered an excessive drop on Wednesday, though concerns remained over the pace of global economic growth. The midday strength in U....Tags: Labor Day, Emergency Incidents, Foreign Exchange Market, Earnings Forecasts, Imperial Oil Limited
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RPT-AIG eyes new director with regulatory experience
ReutersBy Nadia Damouni and Paritosh Bansal May 23 (Reuters) - American International Group Inc's board is looking for a new director with regulatory experience, as the insurer readies for the government to classify it as big enough to merit greater scrutiny,...Tags: American International Group, Finance, Corporate Officers, Elections, Economy, Business and Finance
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Ally to contribute $2.1 bln to settle ResCap litigation
ReutersMay 23 (Reuters) - Ally Financial Inc agreed to contribute $2.1 billion to Residential Capital LLC to settle claims that it stripped the bankrupt mortgage subsidiary of choice assets, paving the way for ResCap to pay back its creditors. Under the deal,...Tags: Bankruptcy, MBIA Incorporated
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Ally to contribute $2.1 billion to settle ResCap litigation
Reuters(Reuters) - Ally Financial Inc agreed to contribute $2.1 billion to Residential Capital LLC to settle claims that it stripped the bankrupt mortgage subsidiary of choice assets, paving the way for ResCap to pay back its creditors. Under the deal, which...Tags: Bankruptcy, MBIA Incorporated
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Ally to pay $2.1 billion to settle ResCap litigation
Reuters(Reuters) - Ally Financial Inc agreed to pay $2.1 billion to Residential Capital LLC to settle claims that it stripped the bankrupt mortgage subsidiary of choice assets. The deal will allow Ally to put behind it problems tied to mortgage lending so it...Tags: Bankruptcy, Justice System, Economy, Business and Finance, MBIA Incorporated, Financially Distressed Companies
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Report: NY State puts kibosh on RelayRides car-sharing service
Autoblog.comFiled under: Etc., Government/Legal Three-year-old peer-to-peer car rental service Relay Rides has run into a rough ride in New York, accused by the state's Financial Services Department of "repeated false advertising and violations of insurance law." The... -
$52 million Citizens depop deal includes many South Florida policies
Citizens Property Insurance Corp.'s Board of Governors on Wednesday approved a $52 million transaction that will send some 60,000 of the state-backed insurer's policies to St. Petersburg-based Heritage Property and Casualty Insurance Co. South Florida is...Tags: Executive Branch, Palm Beach County, Citizens Property Insurance Corp., Broward County, St. Petersburg (Pinellas, Florida)
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Witness: Michael Jackson passed medical exam 'with flying colors'
A few months before Michael Jackson’s death, AEG executives were told that the performer had passed a medical exam “with flying colors,” an in-house attorney for the company testified Wednesday. Shawn Trell, senior vice president and...Tags: Employment Opportunities, Michael Jackson, Prosecution, AEG, Conrad Murray
May 23, 2013
|Story| Reuters
May 23, 2013
|Story| Reuters
May 23, 2013
|Story| South Florida Sun-Sentinel
May 23, 2013
|Story| Los Angeles Times
May 23, 2013
|Story| Reuters
May 23, 2013
|Story| Reuters
May 23, 2013
|Story| Reuters
May 23, 2013
|Story| Reuters
May 23, 2013
|Story| Reuters
May 22, 2013
|Blog| Autoblog.com
May 22, 2013
|Story| South Florida Sun-Sentinel
May 22, 2013
|Story| Los Angeles Times
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