MetLife plans to pay AIG about $8 billion in stock and the rest in cash for
American Life Insurance Co., said the people, who spoke on condition of
anonymity because talks are private. Some of the cash may come from a $5
billion bridge loan from banks including JPMorgan Chase & Co., Bank of
Feb. 9 (Bloomberg) -- Canada’s dollar advanced the most in a month versus its
U.S. counterpart as the European Union held out the prospect of aiding Greece,
spurring appetite for currencies tied to economic growth. “Clearly it’s having
an impact on the euro and will cause some of the
Financial shares in the Standard & Poor’s 500 Index reversed an earlier
drop and climbed 1.8 percent as a group, led by JPMorgan Chase & Co. and
Wells Fargo & Co. Freeport-McMoRan Copper & Gold Inc. and
ConocoPhillips rose at least 2.9 percent as metals gained and oil rebounded to
near $74 a
Feb. 9 (Bloomberg) -- Inventories at U.S. wholesalers unexpectedly fell in
December following the biggest increase in more than five years, indicating
distributors had trouble keeping up with demand. A record inventory drawdown
last year has opened the door for manufacturers to pick up
Feb. 9 (Bloomberg) -- Bank of America Corp. , the largest U.S. bank, said today
Alastair Borthwick and Lisa Carnoy will be co-heads of global capital markets.
Bruce Thompson , former head of the unit, was named chief risk officer last
month at Bank of America, which completed its
The world’s biggest carmaker will halt sales of SAI and Lexus HS250h sedans and
Prius plug-in hybrids, said President Akio Toyoda , speaking at a Tokyo press
conference. The action threatens to further tarnish Toyota’s reputation as a
leader in gasoline-electric hybrids, a technology
The advance pushed the Greek 10-year bond yield down the most since at least
1998, when Bloomberg began collecting the data. Trichet will leave a gathering
of policy makers in Sydney a day early today to attend a summit of European
Union leaders, ECB spokeswoman Regina Schueller said. Greek
The Standard & Poor’s 500 Index climbed to its highest level of the session
after Olli Rehn, who takes over as EU economic affairs commissioner tomorrow,
said support for Greece will be discussed in coming days. Freeport-McMoRan
Copper & Gold Inc. and ConocoPhillips rose at least 2.7 percent
The Standard & Poor’s 500 Index climbed to its highest level of the session
after Olli Rehn, who takes over as EU economic affairs commissioner tomorrow,
said support for Greece will be discussed in coming days. Freeport-McMoRan
Copper & Gold Inc. and ConocoPhillips rose at least 2.7 percent as
The bank fell 5.4 percent in Swiss trading after saying net redemptions at its
wealth management units increased to 45.2 billion francs ($42.3 billion) from
26.6 billion francs in the previous three months. Analysts surveyed by
Bloomberg had estimated 17.5 billion francs in outflows. UBS,
Feb. 9 (Bloomberg) -- Bank of America Corp. , the largest U.S. bank, said today
Alastair Borthwick and Lisa Carnoy will be co-heads of global capital markets.
Bruce Thompson , former head of the unit, was named chief risk officer last
month at Bank of America, which completed its
