A federal judge has rejected the United States' bid to dismiss a more than $25 billion lawsuit filed by ex-AIG CEO.» Read More
The former AIG CEO made the decision to stay in China in 1989, even as other Western businesses fled the country.
WASHINGTON, June 4- The U.S. Senate has approved a bill tweaking the 2010 Dodd-Frank law's treatment of insurers, a rare adjustment to the Wall Street reform law that had been sought by the industry.
WASHINGTON, June 2- The U.S. Thomas Sullivan, who led the Connecticut Insurance Department from 2007 through 2010 and later worked at PricewaterhouseCoopers, told Reuters he starts as a senior adviser on June 9.
The arguments over whether Tim Geithner made the right move with the bailouts will only heat up as the midterm elections approach, Politico's Ben White says.
NEW YORK, May 19- A federal appeals court said Bank of America Corp was not liable to shareholders for allegedly concealing a $10 billion fraud lawsuit by American International Group Inc, whose filing led to a 20- percent one-day plunge in the bank's stock price.
Financials are among the top stock picks from Omega Advisors' Leon Cooperman.
May 12- American International Group Inc's search for its next chief executive has narrowed down to two internal candidates, the Wall Street Journal reported, citing people familiar with the matter.
Senior members of the U.S. House of Representatives' Financial Services Committee said in a letter that they fear the United States may end up surrendering on financial regulatory matters to the Financial Stability Board, a group they referred to as an "international old boys club that deliberates in secret."
Stocks fell Tuesday after American International Group reported a decline in profit.
*Tension continues between Russia, Ukraine. Investors continued to watch the ongoing unrest in Ukraine, where more than 30 pro-Russian separatists were killed in fighting near the east Ukraine rebel stronghold of Slaviansk, according to Interior Minister Arsen Avakov. Russia announced plans to beef up its Black Sea warship fleet.
Office Depot to close 400 U.S. stores; shares rally. NEW YORK, May 6- Wall Street edged lower on Tuesday, led by losses in financial stocks, while the technology sector was weighed by a selloff in shares of Twitter.
Some of the names on the move ahead of the open.
Check out which companies are making headlines after the bell Monday: Anadarko Petroleum, Apple & more
May 5- American International Group Inc posted a 27 percent fall in quarterly income, hurt by a drop in earnings from premiums and higher disaster losses in its core property and casualty insurance business. Net premiums earned in its property casualty unit fell 4 percent to $8.23 billion in the first quarter ended March 31, AIG said on Monday.
May 5- American International Group Inc posted a 27 percent fall in quarterly profit on Monday, hurt by higher catastrophe losses at its core property and casualty insurance business. The U.S. insurer's net income fell to $1.61 billion, or $1.09 per share, from $2.2 billion, or $1.49 per share, a year earlier.
American International Group delivered quarterly revenue that missed analysts' expectations on Monday.
U.S. stock index futures pushed lower on Monday, as shares in Europe fell on concerns about escalating violence in Ukraine.
Testimony from Federal Reserve Chair Janet Yellen and Ukraine are what traders say could most affect markets in the week ahead.
While VC firms may reward entrepreneurs in NYC and San Fran, may believe that longer-term innovations happening elsewhere are key to economic growth.
Automated trading and government regulation are transforming the Wall Street ecosystem. Will these forces make the financial epicenter obsolete?