Hartford Financial Services Group Inc. (NYSE: HIG) announced it will sell all of the assets of Hartford Life Private Placement LLC, a subsidiary that provides insurance to high-net-worth customers, to Philadelphia Financial Group Inc. for $117.5 million.
In an effort to provide relief to families left with no potable drinking water in Dimock Pennsylvania, activists and local leaders shipped roughly 5,700 gallons of fresh water supplies by bus Tuesday from New York City's city hall.
BNY Mellon Wealth Management has hired a former Goldman Sachs banker to join its ultra high net worth family advisory team in Los Angeles, the firm said on Monday.
Police extended moves aimed at keeping anti-Wall street protesters from camping on Monday, arresting 11 people in Orlando and San Diego after a weekend clampdown in cities on both the East and West coasts netted scores of arrests.
There is a significant chance that the Federal Reserve will embark on a third round of asset purchases to stimulate the U.S. economy, a major bond fund manager said on Tuesday.
The stock of online retail giant Amazon.com (AMZN) has dipped recently, but is the pull-back a buy opportunity?
Global miner Xstrata said on Tuesday it still saw value in its investment in Lonmin , despite a significant underperformance in the platinum producer's share price against the sector this year.
Schroders holds the lowest position possible in equities and has extremely high levels of gold and cash, reflecting its concern about recession in the developed world and a failure to resolve the euro zone debt crisis, its chief investment officer said on Tuesday.
It's not a matter of if, but when the last big project from Steve Jobs will reach the hand of consumers. The debate varies from spring to summer or even fall, but most every qualified observer agrees -- the iPhone release date is coming in 2012. Among the best bets is an early summer unveiling with release soon to follow, keeping in Apple's release tradition that was broken with the iPhone 4S because the product simply wasn't ready yet.
Stocks were set to edge higher at the open on Tuesday as investors hoped S&P's downgrade warning for the Eurozone would help force budget changes at a European Union summit this week.
Boeing Co. (NYSE:BA) is expected to show significant cash flow improvements over the next few years, according to Barclays Capital Markets.
The top after-market NASDAQ Stock Market gainers are: Nathan's Famous, Thoratec, Netlist, Iridium Communications, and DryShips. The top after-market NASDAQ Stock Market losers are: Internap Network Services, PowerSecure International, Clearwire, Bon-Ton Stores, and Pacific Biosciences of California.
Sun Life Financial (SLF.TO: Quote) is cutting about 90 positions after weak market conditions sent the insurer to its first quarterly loss in two years.
Graham King, one of Hollywood's most fearless figures, has taken his biggest risk yet as distributor of indie films and producer of big-budget projects.
The Federal Reserve must take immediate action to inject new life into a moribund U.S. recovery or risk letting the nation settle into a permanently lower growth path, a top Fed official said on Monday.
Over the past few days, Lehman Brothers has announced several actions one might not expect from what is arguably the most notorious bankrupt company of the last decade. It is looking to name a new board of directors and is engaging in a bidding war for another company.
Investment firm Beacon Capital Partners has closed on an investment in 195 Broadway in Lower Manhattan as part of a $280 million recapitalization of the property, according to city records.
Sooner or later, income taxes on upper-income groups in the United States, including the uber-rich, have to be raised to balance the federal budget, and to restore tax fairness.
In anticipation of a split into a North American grocery company and a global snacks company by the end of 2012, Kraft Foods Inc. appointed two chief executive officers Monday to lead each of the two companies.
Europe's largest bank is facing a record fine of 10.5 million pounds ($16.4 million) for inappropriately advising over 2,000 elderly customers about bond investment between 2005 and 2010.The bank is also likely to pay another 29.3 million pounds in compensation to victims, according to Reuters.
Break out the bubbly, Michael Kors is going public, with an IPO valued at $3.6 billion.
A Chinese bank is in talks about taking a stake in Saab, in the latest attempt to rescue the crisis-hit Swedish car maker after an earlier deal to secure its future ran into trouble.
