Category | focus

Cost shift seen in raising Medicare age to 67

Posted on 29 March 2011

Employers and even some younger people would pay more for health insurance if lawmakers raise the eligibility age for Medicare, a study to be released Tuesday concludes. The findings suggest that the emerging debate over Medicare’s future matters not only to seniors and those nearing retirement, but to a broad cross-section of Americans. The report [...]

Bank stocks push indexes higher; oil prices dip

Posted on 09 March 2011

Financial companies pushed stock indexes higher Tuesday on signs that banks may soon raise their dividends. Bank of America Corp. gained 4.7 percent, the most of the 30 stocks that make up the Dow Jones industrial average, after chief executive Brian Moynihan told an investor’s meeting that the bank could earn more money over the [...]

Big slide in global trade looms over G-20 meeting

Posted on 31 March 2009

With global trade sliding, analysts say some of the world’s most powerful leaders may need to offer more than ritual support for open markets when they meet this week if they are to steady a teetering economy and avoid a damaging retreat to protectionism. The presidents, prime ministers and chancellors of the Group of 20 [...]

Wall Street declines on Freddie Mac loss

Posted on 06 August 2008

Wall Street declines after rally as Freddie Mac swings to wider-than-expected 2nd-quarter loss NEW YORK (AP) — Stocks declined Wednesday, a day after a big rally, as troubled mortgage financier Freddie Mac reported a larger-than-expected second-quarter loss and touched off fresh concerns about the financial sector. Freddie Mac, which substantially increased its reserves for souring [...]

Time Warner to split AOL in two, beats estimates

Posted on 06 August 2008

NEW YORK (Reuters) – Time Warner Inc (NYSE:TWX – News) said it would split AOL’s dial-up Internet and advertising businesses into separate divisions by early 2009, a move that could ease a sale or merger of either business. The media conglomerate also reported a lower quarterly profit, dragged by AOL, but it still slightly beat [...]

Stocks decline as worries about financial persist

Posted on 14 July 2008

Stocks decline as investors weigh plan for lenders, face concern about other financials. Wall Street extended its slump into yet another week Monday as investors worried that even a safety net set up for mortgage financiers Fannie Mae and Freddie Mac won’t head off further troubles in the financial markets. Investors’ latest unease about the [...]