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Fed's choices 'severely limited' savings on AIG18-NOV-09
The Federal Reserve Bank of New York gave up efforts to save taxpayer money on American International Group Inc’s rescue after the insurer’s biggest trading partners refused to make concessions, said a Treasury watchdog.
New York Times to cut 25 jobs next year13-NOV-09
US daily The New York Times will lay off at least 25 editorial employees at the news service next year and would move the operation to Florida-based newspaper Gainsville Sun.
Intel to pay AMD $1.25 bn, settle all disputes13-NOV-09
Intel Corp agreed to pay Advanced Micro Devices Inc $1.25 billion as part of a legal settlement that ends a four-year dispute between the world’s two largest computer-processor makers. AMD stock rose as much as 27 per cent.
Gold jumps to record in global markets on weak dollar09-NOV-09
Gold in London, New York and Shanghai surged to records as the weakening dollar prompted investors to increase bullion holdings as a store of value.
NY Attorney General files lawsuit against Intel05-NOV-09
The Attorney General of New York has filed a lawsuit against the world's largest chip maker Intel Corp, for violating anti-monopoly rules to dominate the market for microprocessors.
Bhupesh Bhandari: When the ads aren't good enough05-NOV-09
Conventional wisdom suggests that life insurance is always sold and not bought in India. There is no customer who will walk into a store and pick up a life insurance box off the shelf. Insurers have to go to homes and sell it. Max New York Life feels it can reverse the trend.
NY eclipses London as financial centre31-OCT-09
New York has withstood the worst economic crisis in seven decades and remains the leading global financial centre, followed by Singapore, which topped London as investors’ preferred place for doing business, according to Bloomberg Global Poll.
Rajaratnam started firm with ex-McKinsey chief31-OCT-09
Raj Rajaratnam, the billionaire hedge-fund manager accused of insider trading, started an investment firm in 2006 with partners including Rajat Gupta, former head of McKinsey & Co, and Mark Schwartz, ex-chairman of Goldman Sachs Group Inc’s Asia business.
Max New York Life launches 'Secure Dreams' in Gujarat28-OCT-09
Insurance company, Max New York Life Insurance Co. Ltd, launched its product 'Secure Dreams' in Gujarat today, The product provides an alternative investment option for those who do not want to bear risk pertaining to the inherent volatile nature of the stock market.
Max New York Life launched new product27-OCT-09
Max New York Life today launched a new Insurance product, 'Secure Dreams', which would account for about 8-10 per cent of its total sales, a top company offical said.
NYT to cut 100 newsroom jobs21-OCT-09
The New York Times (NYT) is planning to slash 100 newsroom jobs, representing about 8 per cent of the total news staff, by the end of this year.
Two Indian Americans arrested for insider-trading17-OCT-09
Six persons, including two Indian Americans and a Sri Lanka-born billionaire, have been arrested in connection with the largest hedge fund insider-trading ever.
New York Times not to sell Boston Globe15-OCT-09
The New York Times announced that it has scrapped plans to sell The Boston Globe, which it was earlier trying to dispose off due to deep financial crisis, after significant improvement in its revenue.
Now, pay risk premium at will15-OCT-09
Irda nod to policies with flexible premium, sum assured and tenure.
ULP: A savings policy with risk advantage15-OCT-09
The model of universal life policy (ULP), which is ideally targeted towards the poor (micro-finance), is being replicated by some insurance companies for the urban middle class.
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