Financial news on October 10, 2009
Business and Financial news
JPMorgan Chase, Bear Stearns, Morgan Stanley and Credit Suisse Group agreed to pay $100 million to settle a lawsuit over their roles in the bankruptcy of a Philadelphia mortgage lender, a lawyer said. Read more..
Budget-cutting has improved The Globe’s finances enough that the Times Company might not sell the newspaper. Read more..
With the sale of the energy-trading unit to Occidental, Citigroup could potentially avoid controversy over the compensation of Andrew J. Hall, who ran the firm. Read more..
As Asia and the U.S. emerge from the global economic crisis, Europe appears likely to be the world’s laggard. Read more..
Hinckley Yachts, known for beautiful sailboats and sleek powerboats, lost business when the economy faltered, but debt made its problems even worse. Read more..
Huge new reserves of natural gas, especially in Europe, could alter the political landscape for energy, experts say. Read more..
Japanese manufacturers hope 3-D technology can differentiate their high-end televisions from their lower-priced rivals’. Read more..
Health insurance costs will be higher, and defaulting to your current plan could cost you hundreds of dollars. Read more..
Those who lack health insurance are far more likely to live in Republican states, according to a Census survey. Read more..
This year, more than ever before, it is important to read the fine print in notices offering the opportunity to switch health insurers. Read more..