Associated Press

Associated Press
Displaying 536 results
INVESTING EQUITIES MAR 08, 2010
S&P indexes to change after acquisitions

Standard & Poor's said Wednesday it is changing the makeup of its indices after a number of acquisitions.

FDIC seizes four more banks
NEWS REGULATION AND LEGISLATION MAR 08, 2010
FDIC seizes four more banks

Regulators shut four banks from California to Florida on Friday, boosting to 20 the number of U.S. bank failures this year following the 140 closures last year in the worst financial climate in decades.

RETIREMENT LIFE INSURANCE AND ANNUITIES MAR 08, 2010
AIG unit Alico in MetLife's sights

Shares of MetLife slid Wednesday, a day after the insurer confirmed that it's in talks with American International Group Inc. about buying the American Life Insurance Company.

RETIREMENT LIFE INSURANCE AND ANNUITIES MAR 08, 2010
AIG to pay out $100M in bonuses to crisis-causing unit: report

American International Group Inc. is set to pay out about $100 million in a fresh round of bonuses to employees of its financial products division, the unit whose risky bets helped sink the company leading to a $180 billion government bailout, according to reports published Tuesday.

NEWS INDUSTRY NEWS MAR 08, 2010
Bank of New York Mellon scoops up PNC Financial Services in cash deal

Bank of New York Mellon Corp. says it is acquiring the global investment servicing business of PNC Financial Services Group Inc. for $2.31 billion in cash.

NEWS INDUSTRY NEWS MAR 08, 2010
Citi to test smart banking in new retail branches in Japan

Citigroup Inc. is ready to start growing again in Japan. The company said Tuesday it will open four retail branches this year, marking the banking giant's first expansion here since selling several of its Japanese finance businesses in the wake of the global financial crisis.

NEWS INDUSTRY NEWS MAR 08, 2010
Dow could plunge to 8,000, warns Tigris Financial's Tiomkin

It's the spoiled brat market. Dozens of companies this past month posted blow-out earnings but instead of being thankful, investors stomped their feet and sold. The result: The Dow Jones industrial average fell 3.5 percent in January, the worst month for stocks since the depths of the bear market last year.

Treasury to begin selling stake in Citi
NEWS INDUSTRY NEWS MAR 05, 2010
Treasury to begin selling stake in Citi

The government says it will sell the 7.7 billion in shares it bought in Citigroup over the next year.

YOUR PRACTICE PRACTICE MANAGEMENT MAR 05, 2010
Face-lift coming for $100 bill

In a bid to confound counterfeiters, a new C-note will be unveiled next month

NEWS INDUSTRY NEWS MAR 05, 2010
N.Y. rabbi accused of blackmailing Conn. hedge fund

A prominent Brooklyn rabbi was arrested Thursday in a scheme to extort a Connecticut-based hedge fund into paying millions of dollars to two schools, federal prosecutors said.