CHARLESTON, W.Va.— A utility is opposing a $2.9 million bankruptcy settlement that would fund projects to benefit 300,000 people whose water was contaminated in January. West Virginia American Water says Freedom Industries shouldn't use money from its insurance proceeds to pay for the projects.» Read More
Swiss midcap reinsurer Converium Holding reported a first quarter net profit of $150.9 million, up from $61.6 million last year, boosted by a tax valuation allowance of $85 million and the realization of $30.3 million in capital gains.
Converium Holdings has issued an appeal to Scor shareholders urging them to vote against the French insurer's capital increase at its AGM on Apr 26, thereby blocking the takeover bid for Converium.
Celeb and champion poker player Chris Moneymaker widens his lead in first place to almost $60K with the smart bet on Rio Narcea Mines which was up 3.33%, and Garson lost on Mattel which was down 0.85%. AND--maybe more importantly-- Hall of Fame catcher Johnny Bench moves up two more spots from 8th to 6th on gains in American Oriental Bioengineering and CKX . Go, Johnny go!
A nor'easter battered the East with strong wind and pouring rain Sunday, grounding hundreds of airline flights, downing power lines and threatening severe coastal flooding overnight.
China's Everbright Bank is poised to buy a 35% stake in the Shanghai-based fund management joint venture of U.S. insurer Prudential Financial, two sources close to the situation said on Monday.
Swiss reinsurer Converium Holding on Friday urged shareholders to reject a $800 million hostile takeover from French rival SCOR.
A question that eventually arises when financial planners talk about getting fiscally fit is: how much money do I need so I can retire comfortably. To be frank, I hate that question.Not because the intention is incorrect but because it approaches life in a technical way. Most people I know - and I'm betting plenty you know as well - do not want to think about ageing, much less think about what they want to do when they retire.
French reinsurer Scor reported a surge in net profits on Wednesday that beat market forecasts, boosting the chances of success in its $2.5 billion (1.87 billion euro) share-and-cash bid for rival Converium.
The newly merged transatlantic exchange operator NYSE Euronext made its debut in Paris when it started trading as a combined company on Wednesday.
A new report predicts a 75% chance of a major hurricane hitting the U.S. coast this year. What's your hurricane trade as Mother Nature roars this summer?
The 2007 Atlantic hurricane season will be far more active than usual with 17 tropical storms, of which nine will grow into hurricanes, a noted U.S. forecasting team founded by William Gray said.
Shares in the world’s largest utility E.ON increased considerably after it gave up its 42 billion euro bid ($56 billion) for Spanish utility company Endesa (down 0.69%), agreeing to split it up with rivals.
Britain's Resolution beat market forecasts on Tuesday with an 18% rise in its embedded value at the end of 2006 and said it planned to boost its 2007 dividend, but would continue to look for acquisitions.
Cap Gemini’s shares increased 2.37% in Paris trade Friday after Exane BNP Paribas upgraded the IT group from ‘neutral’ to ‘outperform’, citing the company’s strong growth prospects based on its business mix, cost control and use of off-shoring.
The Lloyd's of London insurance market said on Thursday that it made a pretax profit of 3.7 billion pounds ($7.27 billion) in 2006, thanks to high prices and low catastrophe claims.
As Americans approach their golden years, many claim they have yet to see a dime from their health insurance providers. In fact, many say they’ve only received excuses about why insurers won’t pay up. The question may be why.
AXA, France's largest insurer, said Friday it agreed to buy half of Banca Monte dei Paschi di Siena's insurance and pensions unit for 1.15 billion euros ($1.54 billion) in cash.
Insurer Standard Life beat market forecasts on Thursday with a 55% rise in 2006 profit and said it planned a shake-up of its core U.K. business, including 1,000 job cuts to squeeze out more costs by 2009.
If you can believe it, we're just almost done with the first quarter of 2007 and that means two things: the cherry blossoms are coming out and it's time to hunker down for some spring cleaning. As you tackle the clutter in your home, why not clean up your finances as well? This is a great opportunity to start planning for a solid financial future. You've just paid off your taxes (or are about to) and you're well entrenched in your job plans for the year. Don't let that momentum slip. Here are my financial rules for 2007 to help you tackle your finances and start the rest of the year on the right foot.
Here some of Tuesday's big movers on European stock markets:Whitbread, Storebrand, Iberia, ABN Amro, Barclays, Friends Provident, Technical Olympic and Deutsche Post.
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