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Headline News: Financial

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

Bermuda Recovering from Hurricane Gonzalo Property Damage, Power Outages

Hurricane Gonzalo scored a direct hit on Bermuda Friday night into Saturday morning, pummeling the tiny island chain with rain and howling winds that downed trees and knocked out power but spared it catastrophic damage or death. Much of the … Continue reading

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AIG Ex-CEO Liddy Defends Closeness with Government During Bailout

Former American International Group Inc. Chief Executive Officer Edward Liddy defended his decision to work closely with the government at the time of the company’s 2008 bailout, saying he hoped to win concessions on the harsh terms of an $85 … Continue reading

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South Carolina Jury Awards $97 Million in Mayor’s Shooting

A federal jury in Charleston has awarded the family of the former mayor of Cottageville $97 million for his shooting death. The jury reached the decision in the negligence and wrongful death suit filed by the family of Burt Reeves. … Continue reading

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Japan firms want government action if yen weakens: Reuters poll

By Tetsushi Kajimoto TOKYO (Reuters) – Nearly half of Japanese firms think the government should start defending the yen at this month’s dollar high of 110, a Reuters survey shows, underscoring the threat that rising fuel and other import costs … Continue reading

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StanChart readies to close thousands of UAE accounts as U.S. deadline looms

By Thomas Arnold and Archana Narayanan (Reuters) – Standard Chartered has notified thousands of UAE small and medium enterprise customers it is closing their accounts as it responds to pressure from US regulators to cut its risks following an anti-money … Continue reading

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Pilots extend Lufthansa strikes to long-haul flights

FRANKFURT (Reuters) – German pilots union VC on Monday widened its strike at Lufthansa (LHAG.DE) to include long-haul flights on Tuesday, having previously targeted only the carrier’s short and medium-haul routes on Monday and Tuesday. The walkout affecting long-haul flights, … Continue reading

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SAP cloud sales quicken, deferred sales hit outlook

FRANKFURT (Reuters) – German business software maker SAP (SAPG.DE) on Monday cut its outlook for full-year operating profit amid an accelerating shift by customers to buy its software over the Internet rather than as packaged software, delaying recognition of those … Continue reading

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V3 Insurance Offers Enhanced Auto Dealers Coverage in Western States

V3 Insurance Partners LLC of Newtown, Pa. has launched the V3 Dealer V₃antage program for non-franchised auto, truck and RV dealers. The program features garage liability, garage keeper’s liability, dealer’s open lot insurance, property, inland marine and crime cover. The … Continue reading

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Willis Launches Disease Response Center Hub for Ebola Preparedness

Willis Group Holdings has launched a Disease Response Center microsite on its web page to help business clients prepare their workplaces against the threat of Ebola. The portal features content from a variety of official resources, including the Centers for … Continue reading

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Detroit Settles with Bond Insurer; Chance of Debt Plan Success Boosted

Detroit settled with one of its last major creditors, bond insurer Financial Guaranty Insurance Co., bringing the city closer to ending the biggest-ever U.S. municipal bankruptcy. The remaining holdout creditors, led by hedge fund managers including Aurelius Capital Management LP, … Continue reading

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