In a low-rate environment it's hard for our clients to save money through us and have enough income, says Steve Miller, AIG non-executive chairman, discussing how low interest rates are impacting his business.» Read More
So, I just got off the Pozen conference call about the Trexima delay (by the way, it won't be called Trexima if/when it comes to market, as the FDA is asking Glaxo for a name change. The agency sometimes does this if, for example, it believes the name looks or sounds too much like an existing drug and could confuse pharmacists.)
From healthcare to real estate to retirement, there are many steps you can take to spend less and save more.
The chief executive of Humana told CNBC that the company's recent quarterly performance was the best he has seen during his tenure and expects the company to capitalize on further growth opportunities."In my seven years as CEO this is probably the best quarter we've had," president and CEO Michael McCallister said in an interview.
Aetna Thursday posted a 16% rise in second-quarter earnings as enrollment increased, and the No. 3 U.S. health insurer raised its full-year forecast.
British insurer Legal & General announced plans on Thursday for a 1 billion pound ($2.1 billion) share buyback and boosted its dividend growth rate to 7.5%, alongside a 5% rise in first-half profit.
After a disappointing week for big pharma earnings, Merck and Schering-Plough start the second-half of the sector's reporting season with a bang. Both companies beat the Street on the top and bottom lines. Merck also raised its full-year earnings guidance to boot. And investors love it. Look at the huge move in the Dow component.
British life insurers Resolution and Friends Provident confirmed on Monday that they are in advanced merger discussions that could lead to the creation of a group worth over 8 billion pounds ($16.4 billion).
Allstate reported second-quarter earnings per share of $1.76 -- missing the average analysts' estimates by $0.05. But Allstate, the No. 2 writer of auto policies in the U.S. (after mutually-owned State Farm), posted quarterly revenue that beat Wall Street views: $9.455 billion versus the $9.005 billion that analysts had predicted.
Shares in Fiat fell 0.3% Thursday as investors reacted to the launch of the new Cinquencento, an entry-level car revamped for the 50th anniversary of the original model.
Jonathan Gruber, a professor of economics at the Massachusetts Institute of Technology, told CNBC’s “Morning Call” that he believes the Bay State’s new universal health plan mandate can succeed on the national level.
Filmmaker Michael Moore, whose movie "Sicko" opens Friday, told CNBC that he's urging investors to dump shares of health insurers and health maintenance organizations because "people don't need a middleman between the doctor and the patient."
Shares in Diageo fell 2.5% as the world's largest alcoholic drinks maker held its operating profit growth target at 8% Thursday, despite upbeat sales for the recent quarter.
Reinsurer Paris Re detailed its forthcoming $2 billion share flotation on Thursday, promising one of the French capital's biggest stock market listings so far this year.
The auto and reinsurance industries are under one portfolio manager's radar, as he predicts high yields from those segments over the next three years. Laton Spahr, RiverSource Investments portfolio manager, told "Morning Call" he likes Ford Motor and XL Capital.
A federal appeals court grapples Wednesday with a billion-dollar legal question: Are insurance companies obligated to cover water damage from the failure of levees in New Orleans following Hurricane Katrina?
SNS Reaal has agreed to buy AXA's Dutch insurance operations for 1.75 billion euros ($2.36 billion), the companies said in separate press statements.
Swiss Re is set to buy nearly 4 billion pounds ($7.90 billion) worth of U.K. life insurance liabilities from Swiss insurer Zurich Financial, the Wall Street Journal said on Friday. Both Zurich Financial and Swiss Re declined to comment on the story, which said terms of the deal were not known.
Adjusted net income rose 30% to $4.39 billion, or $1.68 a share. A consensus estimate compiled by Thomson Financial put earnings for the quarter at $1.54 a share
Britain's largest bank HSBC and its largest insurer Aviva plan to create an insurance joint venture that will underwrite and distribute general insurance products to HSBC's 10 million UK customers.
Allstate, the largest publicly traded home and car insurer in the United States, said it would no longer offer new homeowner and landlord coverage in California.
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