Sector: Insurance

SANTA FE, New Mexico (Reuters) - Two raging wildfires in southwest New Mexico merged on Thursday to become the biggest blaze among fires that have torched forest and brush in parts of five Southwestern states.

(Reuters) - Fannie Mae <FNMA.OB> could soon offer its top job to Timothy Mayopoulos, the government-controlled mortgage firm's general counsel, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

NEW YORK (Reuters) - Using FBI wiretaps, email, phone records and the testimony of a Goldman Sachs Group Inc <GS.N> director, U.S. prosecutors drew a picture for jurors on Thursday of events that led to the insider-trading trial of onetime corporate star Rajat Gupta.

NEW YORK (Reuters) - Challenges by Bank of America Corp <BAC.N> and Societe Generale <SOGN.PA> to the 2009 restructuring of bond insurer MBIA <MBI.N> represent the ultimate in "chutzpah," an attorney for MBIA said on Thursday.

PHOENIX (Reuters) - Winds bringing a blast of damp Pacific Ocean air cut firefighters a break on Thursday as they battled to stamp out several dangerous forest and brush fires burning in five Southwestern U.S. states.

HARRISBURG (Reuters) - A Pennsylvania judge approved the appointment of Harrisburg's new receiver on Thursday, when the man who previously held the post for the financially distressed capital explained why he quit unexpectedly.

(Reuters) - A Pennsylvania judge approved the appointment of Harrisburg's new receiver on Thursday, when the man who previously held the post for the financially distressed capital explained why he quit unexpectedly.

CHICAGO (Reuters) - Forecasters put seven states on alert for severe weather on Thursday, saying a storm system brewing in the Upper Mississippi Valley could spawn tornadoes later in the day.

(Reuters) - The former receiver for the Pennsylvania capital city of Harrisburg testified on Thursday that he had quit because his ability to do his job was "undermined" by the role of creditors and because he believed he was about to be fired.

(Reuters) - Warren Buffett's Berkshire Hathaway Inc <BRKa.N> is eyeing more newspapers, according to a memo posted on Jim Romenesko's media website. http://tinyurl.com/7odreje

Warren Buffett says his company is likely to buy more newspapers in the next few years, and Berkshire Hathaway will not try to influence the editorial policies of any of them.

(Reuters) - Warren Buffett's Berkshire Hathaway Inc <BRKa.N> is eyeing more newspapers, according to a memo posted on Jim Romenesko's media website. http://tinyurl.com/7odreje

NEW YORK (Reuters) - If you believe the multitude of insurance ads you see on television, bundling can save you money. And right now, there may actually be some truth in advertising.

(Reuters) - Warren Buffett's Berkshire Hathaway Inc is eyeing more newspapers, according to a memo posted on Jim Romenesko's media website. http://bit.ly/JLNPkE

Insurers, hospitals and doctors say they are forming partnerships and creating programs to find ways to slow the growth in the nation’s $2.7 trillion health care bill. The New York Times reports.