Health insurer WellPoint says it may cut more jobs in bid to trim expensesSeptember 22nd, 2009 Health insurer WellPoint may cut more jobsINDIANAPOLIS — Health insurer WellPoint says it is considering another round of job cuts as it looks for ways to become more efficient. The Indianapolis-based insurer says it reviews the size of its work force and makes adjustments according to the economy.
Education Management to sell 20M shares in IPO priced at $18 to $20 per shareSeptember 21st, 2009 Education Management to sell 20M shares in IPOPITTSBURGH — Education Management Corp. said Monday it would sell 20 million shares, at $18 to $20 a piece, in an initial public offering that will help it pay down debt.
Barclays took $8.2B more than allowed: Lehman BrothersSeptember 15th, 2009 SAN FRANCISCO — Lehman Brothers has accused Barclays Capital of taking $8.2 billion more than it should have when it bought key assets of the failed investment bank a year ago. Tuesday is the one-year anniversary of Lehman's chaotic Chapter 11 filing.
B&G Foods to sell 9 million shares of common stock in public offeringSeptember 9th, 2009 B&G Foods to sell 9M shares in public offeringPARSIPPANY, N.J. — B&G Foods Inc.
Barclays maintains expectations for Chinese solar company Yingli Green EnergyAugust 18th, 2009 Barclays maintains expectations for YingliNEW YORK — Barclays Capital on Tuesday maintained its 2009 earnings expectations for Chinese solar company Yingli Green Energy Holding Co. even though some of its peers are expected to struggle.
Premarket roundup: Capital One card defaults rise, analysts sees GameStop 2Q falling shortAugust 17th, 2009 Premarket roundup: Capital One, GameStopAmong the premarket stories for Monday, August 17, from AP Financial News:
NEW YORK (AP) — Capital One Financial Corp. said Monday that defaults on its U.S.
Barclays says BlackRock offer for asset management arm is compellingAugust 6th, 2009 Barclays backs BlackRock offer for BGILONDON — British bank Barclays PLC said Thursday that U.S. investment manager BlackRock Inc.'s offer for its asset management arm, Barclays Global Investors, was a "compelling proposal" that could generate as much as $14.2 billion pounds.
Travelers 2nd-quarter profit declines as it sees lower investment income, underwriting profitJuly 30th, 2009 Insurer Travelers posts lower 2Q profitCommercial and personal property insurer Travelers Cos. said Thursday that lower investment income and underwriting profit drove its second-quarter earnings down 21 percent.
Lehman can investigate Barclays to see whether broker-dealer sale was 'too good of a deal'June 24th, 2009 Lehman can investigate Barclays over deal valueNEW YORK — A bankruptcy judge says Lehman Brothers can investigate whether Barclays got "too good of a deal" when it bought Lehman's broker-dealer unit last fall. Barclays PLC bought the broker-dealer in the chaotic week after Lehman filed for Chapter 11 protection on Sept.
BofA, Boeing, Alcoa, Jazz Pharma, Cavalier Homes are among big market movers MondayJune 15th, 2009 BofA, Boeing, Alcoa, Jazz Pharma are big moversNEW YORK — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
Bank of America Corp., down 39 cents at $13.33
Prominent banking analyst Richard Bove hiked his price target on the stock, but said the bank may need $46 billion in loan-loss reserves this year. Boeing Co., down $1.92 at $49.52
A lackluster Paris Air Show kicked off on the heels of the plane maker's warning that it wouldn't see a slew of new jet orders.
BlackRock to pay $6.6B in cash, plus stock for Barclays PLC's asset management arm & iSharesJune 12th, 2009 BlackRock to buy asset management arm of BarclaysLOS ANGELES — After weeks of speculation, U.S. investment manager BlackRock Inc.
Barclays shares down 1.8 percent in London following $13.5 bln sale deal for investment unitJune 12th, 2009 Barclays shares down after sale of investment unitLONDON — Shares in Barclays PLC fell in London Friday following the announcement that it had sold its Global Investment unit to U.S. fund manager BlackRock Inc.
Major Middle Eastern investor selling large part of its stake in BarclaysJune 2nd, 2009 Middle Eastern investor to sell Barclays sharesLONDON — A major Middle Eastern shareholder in Barclays bank said Tuesday it intends to sell part of its stake — at least 1.3 billion shares — potentially taking a big profit on its seven-month investment and sending Barclays shares down more than 13 percent. The shares traded at 274 pence in early trading on the London Stock Exchange following the announcement by International Petroleum Investment Company (IPIC) of Abu Dhabi.
Dow Jones to replace Citigroup with former unit TravelersJune 1st, 2009 Dow Jones swaps Travelers for CitigroupCHARLOTTE, N.C. — Seven years after being spun off by Citigroup Inc., Travelers Cos.
Travelers Cos. 1st-quarter profit falls 32 percent on investment lossesApril 30th, 2009 Travelers Cos. 1Q profit falls 32 percentNEW YORK — The Travelers Cos.
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