Accountancy firm Deloitte LLP was appointed receiver of the skyscraper this year after one of the building's owners, Germany's Immobilien AG, went into bankruptcy protection. IVG and Evans Randall bought the tower in early 2007 for 600 million pounds from insurer Swiss Re, a record at the time for a building in London's financial district, known as the City.» Read More
American International Group reported a quarterly loss of 51 cents a share, falling far short of analysts' estimates, which had projected a profit for the company.
Bond insurer Ambac Financial reported sharply higher quarterly net income on Wednesday on valuation gains on some securities, sending its shares up more than 12 percent in early trading.
Health insurer Humana posted quarterly profit that beat estimates and lifted its 2008 forecast on Monday on better-than-expected results for its Medicare prescription drug plans for seniors, sending shares more than 4 percent higher.
Health insurer Cigna posted better-than-expected quarterly profit Friday, helped by its Great West acquisition and operating expense controls, but cut the outlook for its main health-care segment.
European earnings were mixed Thursday, with telecoms reporting results in line or above forecasts, while energy companies and financials posted profit declines or figures below market expectations.
German reinsurer Munich Re issued a profit warning on Friday, saying turmoil in global markets would hurt its second-quarter profit and result in a lower than forecast profit for the year as a whole.
Worried about your bank failing? Here's how to make sure you are protected.
More than ten years after Pfizer brought Viagra to market and brought erectile dysfunction out of the closet a new survey says a lot of men are still too embarrassed to talk about impotence with their doctor.
Big pharma makes strange bedfellows. Pfizer, Merck and Eli Lilly this morning announced they've launched a joint venture of sorts called, "Enlight Biosciences". They're doing it with the help of the Boston-based VC firm PureTech Ventures.
Warren Buffett's reputation as a technophobe may be cracking. Today he told CNBC he'll "probably" get an Amazon Kindle as he "edges" into the 21st century. See the video clip and read the transcript of Julia Boorstin's Sun Valley conversation with Buffett about technology, the economy, Berkshire's stock slide, and Barack Obama's chances in November.
Insurance Australia Group, Australia's top home and car insurer, announced a partial exit from its struggling UK operations, taking a charge of $333 million in fiscal 2008.
The state of Florida has reluctantly agreed to pay Warren Buffett's Berkshire Hathaway $224 million now, in exchange for a promise it will be able to borrow $4 billion from Berkshire later, if the state gets severely slammed by hurricanes this year.
Aetna shares dropped 5 percent and Health Net tumbled 10 percent after a Goldman Sachs analyst slapped "sell" ratings on the two health insurers' stocks Thursday.
Ping An Insurance on Thursday denied rumors that it was facing problems related to a tax audit, after its shares in both Hong Kong and Shanghai tumbled 10 percent the previous day.
In the world of nearly 400 publicly-traded biotechs, analyst coverage is especially important. Many of the firms are micro caps and when an analyst initiates coverage it can help put a baby biotech on investor and reporter radar screens.
UnitedHealth Group on Wednesday slashed its full-year earnings outlook because of tough competition in the health benefits business and said it would pay more than $900 million to settle lawsuits related to past stock options practices.
American International Group said it paid a $47 million severance package to former Chief Executive Martin Sullivan.
U.S. property insurers face more than $5 billion in second-quarter disaster-related claims as bad weather such as extreme rain in the Midwest and New York weigh, the Wall Street Journal reported Monday.
As oil hit a staggering high of $142 a barrel, and stocks flirt with a bear market, CNBC visited the Chicago Mercantile Exchange to discuss the overall economic picture and the state of U.S. business.
Credit Suisse is out today with a "fat" report on obesity. Nearly 200 pages. But besides its size, the research also stands out as one of the most unique pieces of Wall Street analysis I've ever seen.
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