The challenges highlight the difficulties that bailed-out Banco Espirito Santo and its successor Novo Banco face as they try to recover some of the family's massive debts.» Read More
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.
As much as I tried to disconnect during my vacation last week, I couldn't escape the ubiquitous presence of pharmaceuticals in our everyday lives...
We touched on a lot this week. From your frustrations with the housing market to navigating the jungle of health benefits, check out what's happening On the Money.
Moody's Investors Service on Thursday stripped the insurance arms of Ambac Financial Group and MBIA of their AAA ratings, citing their impaired ability to raise capital and write new business.
Robert Willumstad, chief executive at American International Group, said he had a "positive" first meeting with former CEO Maurice "Hank" Greenberg on Thursday.
You need health insurance, period. So why do employers make it so painstaking to figure out?
Taking a look at emerging markets such as Brazil and developing economies in Asia, but also at stocks that have not yet roused investors' interest such as Japanese companies could offer fresh buying opportunities, as there still are plenty of good shares around, Charlie Morris, manager of global trend fund at HSBC, told "Worldwide Exchange" on Wednesday.
As the world watched Tiger Woods and Rocco Mediate take it down to the wire at the US Open, the Dow was struggling with its own rivalry: Banks were trying to lead a rally, while a handful of stocks were dragging on the blue-chip index. Oil ended down at $134.34 abarrel.
Stocks bounced back from an early slide as banks recovered and strength permeated techs, housing and retail stocks. The market had opened lower as oil neared $140 a barrel and after a report from the New York Federal Reserve on regional manufacturing activity showed a worse-than-expected contraction. Lehman shares rose after the firm reported a loss on target with its pre-announcement.
American International Group Chairman Robert Willumstad said one of the first things he did after being named chief executive was to reach out to former CEO Maurice (Hank) Greenberg, a large AIG shareholder who has had an acrimonious relationship with the insurer since leaving three years ago.
AIG shares rose as Wall Street cheered the resignation of chief executive Martin Sullivan and the subsequent appointment of Robert Willumstad as CEO.
Stocks opened lower on Wall Street Monday as oil neared $140 a barrel and after a report from the New York Federal Reserve on regional manufacturing activity showed a worse-than-expected contraction. Lehman shares rose after the firm reported a loss on target with its pre-announcement.
American International Group CEO Martin Sullivan stepped down from his post, as expected, after growing discontent among the board and shareholders with his management of the insurance giant.
American International Group is expected to hold a board meeting Sunday to decide the fate of Chief Executive Martin Sullivan, CNBC has learned.
Ping An Insurance, China's second largest life insurer, has won approval to set up a fund management joint venture with United Overseas Bank, two people with direct knowledge of the situation said on Thursday.
Shareholders of American International Group are demanding changes to the management and board of the world's largest insurer, which has been struggling with the fallout of the subprime mortgage mess.
First, last Friday, Novo Nordisk put out a press release saying preliminary data show its drug works better than Byetta. And then, yesterday an analyst downgraded the stock just ahead of the company's long anticipated release of long-term results on its once-a-week version of Byetta.
More than a year into a U.S. housing market meltdown, prosecutors have yet to bring major cases against mortgage industry leaders — and the slump's worst may pass before any charges are filed.
Willis Group Holdings, the world's third largest insurance brokerage, has agreed to buy rival Hilb Rogal & Hobbs for $1.7 billion, according to a statement late on Sunday.
The U.S. Securities and Exchange Commission is investigating whether American International Group overstated the value of contracts linked to subprime mortgages, the Wall Street Journal said on Friday, citing people familiar with the matter.
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