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Insurance |
| by Insurance News |
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| Visitors look at a BYD S8 car displayed at a showroom in Shenzhen |
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BYD Co, the Chinese car and battery maker backed by U.S. billionaire Warren Buffett, posted a forecast-beating fourth-quarter result on Sunday, as Beijing's policy initiatives boosted demand in the world's largest car market.
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| Citi, AIG, leap with other bailed-out firms |
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Shares in several big financial companies bailed out by the U.S. government rose on Wednesday on what analysts said were momentum bets and short-covering on hopes the entities were on the road to recovery.
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| 'No one in charge' as AIG crumbled |
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American International Group was unprepared for the financial crisis that forced the insurer to accept a $US182.3 billion bailout from the US government, the company's former general counsel said.
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| Old Mutual reports lower earnings |
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International wealth savings group Old Mutual plc reported a decline in adjusted operating earnings per share from 14.9 pence to 12.1 pence for the year ended December.
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| Buffett Kept Distance from Lehman |
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Warren Buffett had at least three opportunities in 2008 to help Lehman Brothers Holdings Inc, but failure to enlist his aid contributed to Lehman's bankruptcy and the global financial crisis, a court-appointed examiner said.
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| Obama Promises to Root Out Waste in Push for Healthcare bill |
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Touting a new initiative to reduce waste in Medicare, Medicaid and other government programs, President Obama traveled to suburban St.
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| S&P gains as financials improve |
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The S&P 500 rose overnight as investors snapped up shares of bailed-out financial companies on hopes the sector may be poised for a recovery as the US economy improves, while a drop in oil producer Chevron's stock pushed the Dow slightly lower.
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| Medco CEO received $13.3M compensation, $9M awarded from stock |
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Pharmacy benefits manager Medco Health Solutions Inc. said even though its CEO took a 7 percent pay cut in 2009, he still received $13.3 million in total compensation, according to Associated Press calculation of figures filed with regulators.
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