MetLife posts third-quarter loss
Town Hall
... than it had lost. Life insurers such as MetLife and its next biggest rival, Prudential Financial , have been particularly susceptible to the upheaval in credit markets because of the sector's holding of trillions of dollars of investmen...
White House adviser defends auto bailout, new aid to GMAC
Detroit News
Christina Romer, chair of the Obama administration's Council of Economic Advisers, said the investments that include $62 billion in aid for General Motors Co. and Chrysler Group LLC have been critical. "The auto investments have been import...
MetLife posts 3Q loss on investment losses
Forbes
NEW YORK -- MetLife Inc. on Thursday reported a loss for the third quarter, driven by $1.4 billion in investment losses. The investment losses were primarily related to complex investments known as derivatives, which are used to hedge a num...
From construction to Pepsi
MSNBC
Analysts believe, instead, that the bulk of the losses are being shouldered by Western and non-Saudi Mideast banks, raising questions about the risk of future investments. "It would be wrong to make blanket assumptions," said Moody's Lotter...
Chinese-Made Turbines Will Fill Texas Wind Farm
Wall Street Journal
Meanwhile, China is planning on future investments in the U.S. renewable industry as a way of creating a market for Chinese wind and solar equipment manufacturers. "This is just the beginning," said Lu Jinxiang, chief executive of A-Power E...
Lloyds’s Daniels Held Merger Talks With ABN Amro, Groenink Says
Bloomberg
What happened to RBS could have happened to Lloyds,” said Lothar Mentel, chief investment officer at Octopus Investments Ltd., which oversees $2 billion including a stake in Lloyds. U.K. banks at that time “were all frantic about increasing...
UPDATE: PG&E Corp 3Q Profit Jumps 4.6% On CapEx Investments
NASDAQ
PG&E Corp.'s (PCG) third-quarter profit rose 4.6%, beating analysts' estimates on additional revenue from new infrastructure investments. PG&E said its Pacific Gas & Electric Co. utility has spent $3 billion on infrastructure so far this ye...
Senate Panel OKs Tougher Iran Sanctions
ABC News
In addition, the Senate bill would make it easier for U.S. states to dump investments in companies that do business with Iran, would freeze the assets held by certain Iranians in U.S. jurisdictions and would punish firms that export technol...
GM manages to stay calm
Financial Times
All in all, these investments have proved very successful with one notable exception – a stake in Telecom Italia ’s controlling holding company. The Benettons have finally decided to cut their losses and walk away from what has proved a mos...
Herbert Smith and Lovells win coveted Treasury work
Times Online
Law firms are also awaiting the result of a tender process held by UK Financial Investments (UKFI), which manages the Government’s stake in banks such as Lloyds TSB and the Royal Bank of Scotland. UKFI is expected to appoint up to ten firms...