U.S. industrial production fell 0.7% in April as the manufacturing sector recorded its worst drop in nearly three years.
The insurer settled with the Connecticut Attorney General’s Office following an investigation into its practices.
The ETFs will seek to earn current income reflective of money market rates available to U.S. investors in the specified country or region.
Chet Culver, Iowa’s governor, has signed a law to discourage stranger-originated-life-insurance practices.
The number of foreclosure filings rose to 243,353 in April, up 4% from March and up 65% from the same month a year ago.
The firm posted a 19% drop year over year in first-quarter profit due to weaker returns in its real estate and private-equity businesses
A former banker at UBS has been charged with helping clients avoid paying taxes by opening secret bank accounts.
The U.S. consumer price index inched up 0.2% last month, due largely to rising gasoline costs.
"The shareholders need to absorb the significance of the company’s first-quarter losses,” said ex-chief Hank Greenberg.
French banking giant Société Générale earned $1.69 billion, down from $2.2 billion a year ago, but beating analyst estimates.
