Author Archives: Editor - Finance Top Stories

N.J. to Offer Lifetime Benefits to Spouses of Police, Fire Personnel Killed on Duty

In New Jersey, a measure that would provide workers’ compensation benefits to spouses of certain deceased fire and police personnel for the entire period of survivorship was signed into law last Thursday. The newly signed law (S-1469/A-2756) allows surviving spouses … Continue reading

Filed under Financial | Tagged |

Claims Pros’ Own Survival Skills Tested in Oklahoma Tornadoes

Michael Pelonero came to Moore to help victims of the May 20th tornado. But he hadn’t planned on trying to outrun one. When a massive EF-5 twister cut a swath through the central Oklahoma suburb of Moore, it left 24 … Continue reading

Filed under Financial | Tagged |

Maine Cancer Patient Gets $200K for Misdiagnosis

A Maine man who was told he had only months to live because of an aggressive Stage 4 pancreatic cancer is still alive more than four years later. And a jury has awarded him $200,000 for the doctor’s misdiagnosis. It … Continue reading

Filed under Financial | Tagged |

Survey: Michigan Businesses Confident About Growth

The latest Michigan Future Business Index survey of small and midsize business leaders shows unequalled confidence in the state’s business economy and a rekindled desire to reinvest in their own future, according to Accident Fund Insurance Company of America. Business … Continue reading

Filed under Financial | Tagged |

Mexican oil producer Pemex evacuates headquarters after bomb threat

Fed seen keeping options open on pace of bond buyingReuters Federal Reserve policymakers will likely announce on Wednesday that they will keep buying bonds at a monthly pace … Article source: Article Source

Filed under Financial | Tagged , , , , |

Smithfield CEO could make about $46.6 million from Shuanghui deal

Fed seen keeping options open on pace of bond buyingReuters Federal Reserve policymakers will likely announce on Wednesday that they will keep buying bonds at a monthly pace … Article source: Article Source

Filed under Financial | Tagged , , , , |

Revision of Cypriot bailout terms not likely: euro zone officials

BRUSSELS (Reuters) – The euro zone does not intend to change the terms of Cyprus’s bailout as requested by Cypriot President Nicos Anastasiades in a letter sent to euro zone leaders and its lenders, three senior euro zone officials said … Continue reading

Filed under Financial | Tagged , , , , |

Shares edge up, dollar steady as markets await Fed

By Richard Hubbard LONDON (Reuters) – European shares edged higher and major currencies and commodities were little changed on Wednesday as investors awaited clarity on the U.S. Federal Reserve’s next policy step. Recent mixed data on the health of the … Continue reading

Filed under Financial | Tagged , , , , |

Banks Urge Cross-Selling Insurance, Loans to Wealthy But Brokers Resist

Scrambling to plug revenue holes created by crackdowns on credit card fees and falling brokerage commissions, big U.S. banks are pushing a strategy they’ve tried with limited success in the past – cross-selling products. They are inducing their stockbrokers to … Continue reading

Filed under Financial | Tagged |

Willis Trade Credit Exec Analyzes Fallout of Turkey’s Unrest

In comments posted on the Willis website Andrew van den Born, Executive Director in Willis’ Political and Trade Credit Risks division, analyzed the potential fallout from the continued unrest in Turkey and the potential gaps in insurance coverage. “Turkey is … Continue reading

Filed under Financial | Tagged |