Surviving an Accidental Retirement
Reaching retirement can be a wonderful thing -- except when it catches you by surprise. Say, for example, when you're in your late 50s and the boss gives you the boot. Or you might fall victim to downsizing at ...
Marsh & McLennan Sells Kroll for $1.13 Billion
Security services firm Altegrity has agreed to buy rival Kroll from Marsh & McLennan (MMC) for $1.13 billion. Kroll had been in an auction since February and attracted tier-one private equity operators like...
Travelers Earnings Slip and Guidance Is Lowered
Travelers Cos. (TRV) reported second-quarter earnings of $1.35 per diluted share, or $670 million. Earnings for the second quarter of 2009 were $1.27 per share, or $690 million. The company has bought back 106 ...
Caring for Aging Parents Will Cost Boomers $3 Trillion
You would probably do anything for your mom and dad, but the cost of caring for them in their old age can be crippling.
According to the just-released , the nearly 10 million Americans who are providing care f...
Government Close to Announcing AIG Exit Strategy
The government is close to announcing its plans to end the bailout of American International Group (AIG), returning the company to independence and recovering taxpayer funds.
The Treasury is planning to begin...
7 Types of ‘Insurance’ That Are a Waste of Money
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Top Executives at Bailed-Out Firms Have Pay Cut
WASHINGTON (AP) -- Top executives at three companies bailed out by U.S. taxpayers during the 2008 financial crisis were ordered to take pay cuts by the federal government.
The Treasury Department says nearly...
Goldman Makes Another Great Deal — for Goldman, of Course
Goldman Sachs (GS) sure knows how to make a deal. Rumors had it that Goldman would have to shell out between $1 billion and $5 billion to settle Securities and Exchange Commission civil fraud charges over its A...
AIG Raises $37 Billion to Repay U.S. Government
Eager to show taxpayers it intends to deliver and repay the $182.3 billion bailout it received during the financial crisis, insurance giant American International Group (AIG) announced that it has raised nearly...
Election Day 2012: Stocks Rise as Investors Wait for a Winner
NEW YORK (AP) - Major stock-market indexes climbed Tuesday as investors waited for the finish of a closely fought U.S. presidential election.
"We're on pins and needles," said Phil Orlando, chief equity stra...
Honda Tops Insurance Industry Safety List
David Zalubowski/APA Honda Accord sedan.
Honda Motor Co. (HMC) has topped the insurance industry's annual list of the safest new vehicles.
The Insurance Institute for Highway Safety on Thursday gave 39 vehicle...
Today’s Financial Meltdown Vs. the 1990s S&L Crisis: Which Was Worse?
While most of us were alive 20 years ago, peoples' memories of the savings and loan crisis of the early 1990s have faded. But more than 1,000 so-called savings & loans -- banks specifically set up to lend o...
Why Single People Need Life Insurance Too
Despite some common misconceptions, life insurance isn't just for those of us who are married with children. If you're a single, you can benefit from it, too, because being unmarried doesn't necessarily mean be...
