Author Archives: Editor - Finance Top Stories

Celebration of Life: Myron Fuller Steves Sr.

Myron Fuller Steves, Sr. Myron Fuller Steves Sr., founder of the Texas independent managing general agency and wholesale insurance broker, Myron Steves, passed away on Aug. 29, 2015, at the age of 103. Details of the celebration of his live are … Continue reading

Filed under Financial | Tagged |

Tennessee Supreme Court Rules for Insurer in Assignment of Benefits Case

The Tennessee Supreme Court has affirmed a Court of Appeals decision that a chiropractic patient’s assignment of benefits was not an effective assignment of his rights to insurance proceeds from a third party’s insurance company. The case stems from a … Continue reading

Filed under Financial | Tagged |

Regulators in West Virginia Cite 2 Companies in Fatal Mine Accidents

Two companies have been cited by West Virginia regulators for alleged violations found during investigations of separate fatal mine accidents. The Office of Miners’ Health, Safety and Training issued two citations to Rogers Petroleum Services Inc. and eight citations to … Continue reading

Filed under Financial | Tagged |

Florida High Court to Decide on $3.3 Million Award to Man Mistaken for Bank Robber

Rodolfo Valladares wore the wrong hat to the wrong Miami bank while trying to cash a $100 check in a case of mistaken identity that’s led to a court battle over $3.3 million. A bank teller mistook Valladares for a … Continue reading

Filed under Financial | Tagged |

Mortgage Rates Still Waiting for Bigger News

Mortgage rates were almost flat again today.  Most lenders were just a hair higher in costs vs yesterday.  The most prevalent conventional 30yr fixed quote remains 4.0% for top tier scenarios, but 3.875% is still available.  In general, the bond … Continue reading

Filed under Financial | Tagged |

Ackman’s Pershing Square hedge fund drops 9.2 percent in August

By Svea Herbst-Bayliss and Richard Valdmanis BOSTON (Reuters) – Hedge fund mogul William Ackman, one of last year’s best performers, joined a string of high profile managers in reporting deep losses for August as global markets tumbled amid fears over … Continue reading

Filed under Financial | Tagged , , , , |

Wal-Mart to reopen five U.S. stores at center of union complaint

By Nathan Layne (Reuters) – Wal-Mart Stores Inc (WMT.N) said it would reopen in late October to early November five U.S. stores whose closure had prompted a union to file a complaint with the National Labor Relations Board, claiming the … Continue reading

Filed under Financial | Tagged , , , , |

Toshiba to post annual net loss of about 10 billion yen: Yomiuri

TOKYO (Reuters) – Japan’s Toshiba Corp is likely to post a net loss of about 10 billion yen ($83 million) when it reports its financial 2014/15 earnings as early as this week, the Yomiuri daily reported, amid a probe into … Continue reading

Filed under Financial | Tagged , , , , |

U.S. private payrolls rise steadily; productivity revised up

By Lucia Mutikani WASHINGTON (Reuters) – U.S. private employers maintained a steady pace of hiring in August despite recent global financial market turmoil, suggesting that labor market momentum likely remains strong enough for the Federal Reserve to consider an interest … Continue reading

Filed under Financial | Tagged , , , , |

R.I. AG Sues Health Insurance Commissioner Over 10% Blue Cross Rate Hike

Rhode Island’s attorney general has sued the state’s health insurance commissioner for allowing Blue Cross Blue Shield of Rhode Island to hike premiums for some residents 10 percent. Attorney General Peter Kilmartin says even though Insurance Commissioner Kathleen Hittner pared … Continue reading

Filed under Financial | Tagged |