• Resolution No Longer Favors Standard Life Bid Monday, 29 Oct 2007 | 3:53 AM ET

    British insurer Resolution said on Monday it was dropping its recommendation of a 4.9 billion pound ($10.1 billion) bid from Standard Life, but taking a neutral stance on a rival  bid from Pearl.

  • Insurer Resolution Backs Standard Life Takeover Bid Friday, 26 Oct 2007 | 10:06 AM ET

    British insurer Resolution recommended shareholders accept a $10 billion offer from rival Standard Life on Friday and backed away from its proposed takeover of Friends Provident.

  • California Wildfire Damages Could Top $1.6 Billion Friday, 26 Oct 2007 | 12:27 AM ET
    A Los Angeles County firefighter braces against wind and flames as fire leaps across Rambla Pacifico in the Santa Monica Mountains.

    Insured losses from California wildfires could exceed $1.6 billion if the fires continued tospread, a risk modeling firm said Thursday.

  • AIG Writedown Talk Is Untrue, Faber Says Thursday, 25 Oct 2007 | 3:30 PM ET

    Rumors that American International Group will take a large writedown were disputed Thursday in a report from CNBC's David Faber.

  • Aetna's Profit Rises as Membership Increases Thursday, 25 Oct 2007 | 10:51 AM ET

    Aetna on Thursday posted a better-than-expected third-quarter profit as membership increased, and the health insurer raised its full-year forecast.

  • British Insurer Aviva's 9-Month Sales Jumps 24% Thursday, 25 Oct 2007 | 7:34 AM ET

    British insurer Aviva said Thursday that sales rose 24 percent in the first nine months of the year as the company won new business and benefited from a U.S. acquisition.

  • California Wildfire Damages Pegged at $1 Billion Wednesday, 24 Oct 2007 | 2:19 PM ET

    Firefighters battling 15 fires across Southern California got a break from slowing winds Wednesday, but major blazes burned unchecked for a fourth day.

  • Wellpoint Profit Rises on Higher Membership Wednesday, 24 Oct 2007 | 11:17 AM ET

    Health insurer WellPoint said on Wednesday that third-quarter profit rose 7 percent, helped by higher membership and improved control of operating costs.

  • Schwarzenegger: California Fires to Hit Economy Tuesday, 23 Oct 2007 | 9:55 PM ET

    Wildfires continued to burn out of control across Southern California for a third day on Tuesday as 500,000 people fled the San Diego area, and firefighters made a desperate stand to save a mountain town ringed by flames.

  • Sony Closes HQ Near San Diego Due to Fires Tuesday, 23 Oct 2007 | 12:21 PM ET

    The corporate headquarters of Sony Electronics has been closed Tuesday for the second day due to the wildfires ravaging Southern California.

  • UK's Prudential Says Insurance Sales Rise 15% Tuesday, 23 Oct 2007 | 3:54 AM ET

    Britain's Prudential reported a 15 percent rise in nine-month insurance sales on Tuesday, at the high end of forecasts, as strong growth in Asia and the United States offset a shrinking business at home.

  • Shares in British insurer Resolution climbed more than 3 percent in early trade on Monday on hopes of a 5 billion pound ($10.2 billion) bid from rival Standard Life, backed by Swiss Re.

  • Genentech And Readers Not Seeing Eye To Eye Friday, 19 Oct 2007 | 8:04 AM ET

    My recent posts on Genentech trying to crack down on doctors using its cheaper cancer drug Avastin instead of the more expensive Lucentis to treat patients with age-related macular degeneration--elicited a lot of emails from readers all over the world.

  • Pfizer "Chokes" on Inhaled Diabetic Insulin Thursday, 18 Oct 2007 | 11:29 AM ET

    Just months after launching what was hailed as a revolutionary new product, Pfizer is taking it off the market. And it has nothing to do with safety. It has everything to do with sales--or the lack, thereof. The world's biggest drug company only recently started direct-to-consumer advertising for Exubera, but it apparently didn't work.

  • Seniors Businesses Boost UnitedHeath's Quarterly Profit Thursday, 18 Oct 2007 | 6:43 AM ET

    Insurer UnitedHealth Group posted a better-than-expected 15 percent rise in quarterly profit Thursday, helped by its Medicaid and seniors businesses.

  • European Stocks Close Higher on US Earnings Wednesday, 17 Oct 2007 | 11:33 AM ET

    Europe's major stock indexes closed higher Wednesday, following a mixed morning, as a strong set of earnings from the likes of Coca-Cola and JPMorgan boosted investor confidence.

  • Munich Re to Buy US Insurer Midland for $1.3 Billion Wednesday, 17 Oct 2007 | 3:21 AM ET

    German reinsurance company Munich Re will acquire specialty insurance company Midland for $1.3 billion, or $65 per share in a bid to expand in the US, the companies said on Wednesday.

  • “Power Lunch” is in Seattle to focus on the things that put the Pacific Northwest on the map, including the Internet and socially-conscious energy. Here's what some of the guests on the program are saying.

  • Resolution Rejects Pearl's Bid Thursday, 11 Oct 2007 | 12:25 AM ET

    British life insurer Resolution on Wednesday rejected a takeover approach from rival Pearl that valued it at around 4.5 billion pounds ($9.2 billion).

  • Ambac Issues Third-Quarter Earnings Warning Wednesday, 10 Oct 2007 | 5:39 PM ET

    Ambac Financial Group, one of the world's largest bond insurers, warned on Wednesday that it expects to report a third-quarter net loss after taking a $743 million write-down on its credit derivative portfolio.

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