| Aug 19, 2014
| 8:15 AM
NEW YORK (Reuters) - Private equity firm Apax Partners LLP is exploring a sale of U.S. healthcare information technology company TriZetto Corp, hoping to fetch as much as $3 billion including debt, according to people familiar with the matter.
| Aug 20, 2014
| 2:19 PM
WASHINGTON (Reuters) - The top U.S. financial risk council has gathered enough evidence to decide whether insurer MetLife should be designated as a systemically important firm, a source familiar with the situation said.
Closing the evidentiary record...
| Aug 17, 2014
| 2:30 AM
Sometimes I think that Fate has it in for my hometown.
Detroit has suffered through the oil embargo of the 1970s, the recessions of every decade since, and now, the epic biggest-ever municipal bankruptcy of all time. Plus, during all that time: the...
| Aug 14, 2014
| 5:17 PM
Pershing Square Capital Management LP, the hedge fund firm run by William Ackman, has sued the U.S. government, claiming that its stripping of Fannie Mae's and Freddie Mac's profit illegally short changes investors in the mortgage companies' common stock....
| Aug 4, 2014
| 3:31 AM
Local earnings: Acura Pharmaceuticals Inc., ANI Pharmaceuticals Inc., CNA Financial Corp., Landauer Inc., Strategic Hotels & Resorts Inc.
Other major earnings: American International Group Inc., Loews Corp., Marathon Oil Corp. and others
| Jul 1, 2014
| 10:52 PM
NEW YORK - JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said he has been diagnosed with curable throat cancer and he plans to remain actively involved in the largest U.S. bank's business.
In a memo to the bank's employees and shareholders...
| Jul 6, 2014
Thomas Motamed, fresh out of law school, found the legal profession too dry.
So at a friend's suggestion, he tried another field he thought might be more interesting: peddling life insurance.
But that got old fast.
"I really didn't like sitting...
| Jul 16, 2014
| 9:29 AM
Bank of America Corp.'s second-quarter earnings plunged 43% as the nation's second-largest bank recorded 4 billion additional reasons to regret its 2008 purchase of high-risk home lender Countrywide Financial Corp. in Calabasas.
Bank of America said...
| Jul 17, 2014
| 12:49 PM
— Voya Financial Chairman and CEO Rodney O. Martin Jr. came to the company in 2011 at a critical time, just as it was about to separate from its former Dutch parent, ING Groep N.V., and venture out on its own.
The separation required a rebranding,...
| May 15, 2014
| 9:30 AM
Former Treasury Secretary Timothy F. Geithner never seemed to fit in the nation’s capital. And he knew it.
He begins his memoir, “Stress Test: Reflections on Financial Crises,” by admitting that he was “an unorthodox choice&...
| Jun 3, 2014
| 3:08 PM
Insurance companies large enough that their failure could disrupt the U.S. economy will face a familiar regulator as former Connecticut Insurance Commissioner Thomas R. Sullivan starts a newly created position next week at the U.S. Federal Reserve....