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Headline News: Financial

Global Financial News, Breaking Financial News, Debt and Mortgage Loan Crisis News

Former Washington Adjuster Pleads Guilty To $135,000 Theft

Former Nationwide Insurance claims associate Fariborz Romeo Rahrovi, 40, on Friday pled guilty in King County Superior Court in Washington to two counts of theft, criminal conspiracy and money laundering related to the theft of an accident victim’s $525,000 insurance … Continue reading

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Technically at November Lows, but That Doesn’t Mean Much These Days

Mortgage rates improved again today, carving out another November low, albeit by only a small margin.  For some lenders, rates are officially at “one month lows” with October 21st being the last day that similar rates were available.  Actually, the … Continue reading

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EU legislators preparing call to break-up Google: FT

By Alexei Oreskovic, Julia Fioretti and Alastair Macdonald (Reuters) – The European Parliament is preparing a non-binding resolution that proposes splitting Google Inc’s search engine operations in Europe from the rest of its business as one possible option to rein … Continue reading

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Black Friday a ‘make or break’ moment for RadioShack

An FCC auction happening Friday could shape the Internet landscape not just next week but for the next few years. The auction, which is for some thing called the AWS-3 spectrum, has been going for 20 some rounds and shows … Continue reading

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Investors unlikely to agree that Microsoft CEO Nadella is overpaid

The controversy over excessive CEO pay this week hit Satya Nadella, Microsoft’s (MSFT) leader for the past nine months. Institutional Shareholder Services, a well-known advisory firm, urged big investors to oppose Nadella’s 2014 compensation package in a non-binding vote at … Continue reading

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U.S. economy can’t dodge global slowdown forever

As the gears of the global economy continue to slow, the U.S. has-so far-bucked the trend. But it can’t do so forever. “The world is counting on the U.S. economy to drive the global recovery,” Treasury Secretary Jack Lew said … Continue reading

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China Re to Underwrite at Lloyds, Syndicate to Be Managed by Catlin

China Reinsurance (Group) Corporation has received approval from Lloyd’s to transform its existing special purpose syndicate into a stand-alone syndicate that will underwrite a diversified book of business, initially focusing on reinsurance, incepting from January 1, 2015. The China Re … Continue reading

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China Re to Underwrite at Lloyds, Syndicate to Be Managed by Catlin

China Reinsurance (Group) Corporation has received approval from Lloyd’s to transform its existing special purpose syndicate into a stand-alone syndicate that will underwrite a diversified book of business, initially focusing on reinsurance, incepting from January 1, 2015. The China Re … Continue reading

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XL Group Adds Fleet Safety Service to Construction Insurance

As nearly half of all construction fatalities involve a vehicle, XL Group North America Construction has added fleet safety training services to its construction insurance business in collaboration with Issaquah, Washington-based SWERVE Fleet Training. Contractors face significant vehicle risks both … Continue reading

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XL Group Adds Fleet Safety Service to Construction Insurance

As nearly half of all construction fatalities involve a vehicle, XL Group North America Construction has added fleet safety training services to its construction insurance business in collaboration with Issaquah, Washington-based SWERVE Fleet Training. Contractors face significant vehicle risks both … Continue reading

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