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Stocks seesaw after steep sell-off
Wall Street wavered Friday but took a break from the heavier selling of recent days as energy, utility and technology stocks showed some advances and bank stocks declined.
November 21, 2008 10:31 AM

Bush signs bill providing extra jobless benefits
The White House said Friday President Bush has signed into law a bill that Congress approved to keep benefits flowing to jobless Americans through the holiday season.
November 21, 2008 7:09 AM

Citigroup eyeing options, including a merger

Nov. 21: CNBC’s Charlie Gasparino discusses the options Citigroup is now considering, including a merger. (CNBC)Citigroup Inc shares tumbled again Friday, as Chief Executive Vikram Pandit tried to downplay speculation the banking giant might sell major businesses to restore its health.



November 21, 2008 10:37 AM

Deflation poses new economic threat
Strapped consumers are rejoicing at falling prices. But some economists warn of the growing risk of a ruinous downward price spiral  called deflation. Here's what's at stake.
November 21, 2008 9:56 AM

GM plans more cuts, eyes up to 10 factories
General Motors Corp. will extend its holiday shutdown or make other production cuts at up to 10 factories as it deals with a continued U.S. auto sales slump and fights to stay solvent.
November 21, 2008 9:51 AM

Wal-Mart picks Mike Duke as new CEO
Wal-Mart Stores says Mike Duke, vice chairman of its international division, will replace Lee Scott as president and chief executive when he retires from those positions in February.
November 21, 2008 9:54 AM

Bank of New York Mellon to ax 1,800 jobs
The Bank of New York Mellon Corp. said Thursday it will cut its worldwide work force by 4 percent, or about 1,800 jobs, blaming the weak global economy.
November 21, 2008 8:13 AM

Newsweek: The recession means bargains
Newsweek: The recession means bargains
November 20, 2008 8:21 AM

‘Longevity risk’: When retirees outlive savings
Like many other elderly Americans, Edie Stark has been hard hit by the meltdown in U.S. financial markets. She is 84 and has been worried a lot lately about outliving her savings.
November 21, 2008 8:28 AM

World stocks rebound despite U.S. fall
European and Asian stock markets rebounded Friday as expectations of a recovery on Wall Street prompted investors to scoop up battered financial and energy shares.
November 21, 2008 7:26 AM

Yahoo! News Search Results for insurance

Your Life Insurance Policy May Not Be Protected (BusinessWeek Online via Yahoo! News)
With the financial system in crisis, investors increasingly rely on government guarantees to protect their money. Bank accounts are backed by the Federal Deposit Insurance Corp. and its $53 billion war chest. After decades on their own, money market funds now are backed by the U.S. Treasury. And life insurance policies and annuities? They're backed by state guaranty associations. There's only ...
November 21, 2008 7:08 AM

FDIC May Exclude Shortest-Term Loans From Debt Insurance Plan (Bloomberg)
Nov. 21 (Bloomberg) -- U.S. bank regulators may exclude the shortest-term loans from a $1.4 trillion debt-insurance program, helping the Federal Reserve avoid further unpredictable swings in the country's main interest rate.
November 21, 2008 5:52 AM

Pa. senators oppose Blues insurance merger (AP via Yahoo! Finance)
A Pennsylvania Senate committee on Thursday urged the state insurance commissioner to block a proposed merger of the state's two largest health insurers.
November 21, 2008 7:11 AM

State Farm, Farmers to raise California homeowner insurance rates (Los Angeles Times)
Insurance Commissioner Steve Poizner's decision is denounced by some, but others say recent wildfires make increases reasonable. As if plummeting real estate values weren't enough, insurance rates are heading up for many California homeowners.
November 21, 2008 12:34 AM

ING To Pay $455 Million Compensation To Insurance Customers (Fox News)
ING To Pay $455 Million Compensation To Insurance Customers
November 21, 2008 1:56 AM

Sixteen convicted in SC insurance scam (Live 5 News Charleston)
WALTERBORO, SC (AP) - Sixteen people have been convicted and 20 cases are pending in a Colleton County insurance scam that authorities say may be the biggest staged accident scheme in South Carolina history.
November 21, 2008 10:35 AM

Atlanta, Douglasville Doctors Sentenced For Cheating Insurance Companies (WSB-TV 2 Atlanta)
ATLANTA -- An orthopedic surgeon and two chiropractors have been sentenced to federal prison for cheating insurance companies out of $3 million by mislabeling treatments for back pain.
November 21, 2008 9:32 AM

Japan Insurance Stocks Slump on Earnings Concern; Banks Climb (Bloomberg)
Nov. 21 (Bloomberg) -- Japanese insurance companies slumped for a second day after lowering forecasts. Banks rebounded from earlier declines after the Wall Street Journal reported Citigroup Inc. may be sold.
November 20, 2008 11:37 PM

Insurance bonanza as Tower nets $40m (Stuff)
Tower expects to profit from the economic crisis as consumers look to protect their assets and incomes through insurance.
November 21, 2008 10:11 AM

Massachusetts AG Wants Hearing on Insurance Company's Auto Rates (Insurance Journal)
Massachusetts Attorney General Martha Coakley has asked the Division of Insurance to initiate an administrative rate proceeding to review the new auto insurance rates of Premier Insurance Co., a subsi
November 21, 2008 10:32 AM

Yahoo! News Search Results for auto insurance

Massachusetts AG Wants Hearing on Insurance Company's Auto Rates (Insurance Journal)
Massachusetts Attorney General Martha Coakley has asked the Division of Insurance to initiate an administrative rate proceeding to review the new auto insurance rates of Premier Insurance Co., a subsi
November 21, 2008 10:32 AM

Democratic Leaders Delay Auto Bailout; Stock Market Dives (Investor's Business Daily via Yahoo! News)
Congressional Democrats scrambled to save something from their lame-duck session Thursday as they passed an extension of unemployment insurance but abandoned a vote on an auto industry bailout.
November 20, 2008 5:58 PM

KURNIA INSURANS LAUNCHES ITS KURNIA AUTO ASSIST SERVICE (Bernama via Yahoo! Malaysia News)
KUALA LUMPUR, Nov 21 (Bernama) -- Kurnia Insurans (Malaysia) Bhd, the largest general insurance company in Malaysia, launched today its Kurnia Auto Assist (KAA) service.
November 21, 2008 12:00 AM

Concerns About Financial Bailout Haunt Auto Industry Loan (CQPolitics.com via Yahoo! News)
When Democratic leaders balked this week at handing over $25 billion in emergency loans to a flailing U.S. auto industry, they signaled some buyer's remorse about the $700 billion financial industry bailout they approved just weeks ago.
November 21, 2008 9:05 AM

State auto insurer pulls rate cut proposal (Baltimore Sun)
Maryland's auto insurer of last resort withdrew a proposal to reduce its rates this week, saying volatility in the market cut its surplus by more than $25 million in September and October. The Maryland Automobile Insurance Fund, a state-controlled fund that covers drivers who have been rejected by private-sector companies, had filed to reduce its rates by an average of about $120 per policy in ...
November 20, 2008 6:16 AM

ING To Pay $455 Million Compensation To Insurance Customers (Fox News)
ING To Pay $455 Million Compensation To Insurance Customers
November 21, 2008 1:56 AM

Democratic Leaders Delay Auto Bailout; Stock Market Dives (Investor's Business Daily via Yahoo! Finance)
Congressional Democrats scrambled to save something from their lame-duck session Thursday as they passed an extension of unemployment insurance...
November 20, 2008 5:58 PM

Dollar mixed amid economic, auto jitters (CNN Money)
The dollar was mixed against major currencies Thursday amid economic jitters and as the fate of the US auto industry bailout remained in limbo.
November 20, 2008 12:54 PM

Safeco, America First Insurance Announce Central Region Leaders (Insurance Journal)
Safeco Insurance and America First Insurance, both Liberty Mutual Agency Markets companies, announced key management appointments in personal and commercial lines operations for the central United Sta
November 21, 2008 10:32 AM

The Fraser Institute: Three of Four Provinces With Government Auto Insurance Monopolies Have Highest Rates in Canada (Marketwire via Yahoo! Finance)
Government-run auto insurance monopolies in British Columbia, Saskatchewan and Manitoba are charging some of the highest average premiums in Canada, concludes a new report released today by the independent research organization the Fraser Institute.
November 18, 2008 5:00 AM