| Insurer Ace Posts Lower Fourth-Quarter Net Income NEW YORK (Reuters) - Ace Ltd , the largestBermuda-based insurer by market capitalization, on Tuesdayreported a 14 percent drop in net income in the fourth quarter,as underwriting income declined. feeds.reuters.com |
Ex-H&R Block Exec Wins $4 Mln Arbitration NEW YORK (Reuters) - An arbitration panel has ordered H&RBlock Inc to pay a former executive nearly $4 millionin damages and fees because the largest U.S. tax preparerdenied him compensation and severance to which he was entitled. feeds.reuters.com |
Stocks Retreat on Credit Fears NEW YORK (AP) -- Stocks tumbled Friday after a plan to alleviate a liquidity crisis at Bear Stearns Cos. touched off concerns about the severity of credit troubles. Each of the major indexes lost more than 1.5 percent on the day, with the Dow Jones industrial average falling nearly 200 points.... hosted.ap.org |
Airlines' Profit Forecast Cut Again An airline group downgraded its forecast for the profitability of the global industry during 2008 for the second time in four months, citing weaker economic conditions and rising fuel costs. online.wsj.com |
Dollar up against euro, yen as Citi results ease anxiety The dollar rose against the euro and the yen on Friday as better-than-expected Citigroup earnings helped ease investor anxiety on the financial market. Citigroup, the largest U.S. bank, posted a quarterly loss of 5.1 billion dollars ... english.people.com.cn |